The Tokyo Stock Exchange's push to weed out small and weak firms from its m...
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The Myths and Legends of Japan’s 20 Years With Zero Interest RatesHeard on the Street: The simple narrative that Japan has pursued over two decades of uninterrupted stimulus hides several changes in monetary policy
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Honda to shut plant in Britain, imperiling 3,500 jobsTOKYO (AP) — Honda said Tuesday it plans to close its car factory in western England in 2021, imperiling 3,500 jobs in a fresh blow to the British economy as it faces its March 29 exit from the European Union. The Japanese automaker announced the decision at a news conference in Tokyo, where Honda's president and CEO, Takahiro Hachigo, told reporters the decision was based on what made most sense for its global competitiveness in light of the need to accelerate its production of electric vehicles. Brexit was not the main factor behind the decision, he insisted.
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Japan's economy bounces back in Q4TOKYO--The Japanese economy rebounded in the final quarter of 2018 thanks to solid spending by households and companies, suggesting that the previous quarter's contraction was a temporary setback. The world's third-largest economy after the U.S. and China expanded at an annualized rate of 1.4% in the October-December period following a 2.6% contraction in the previous quarter, government data showed Thursday.
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Lawyers leading defense of Nissan ex-chairman Ghosn quitsTOKYO (AP) — Motonari Ohtsuru, the lawyer heading the defense for Nissan Motor Co.'s former chairman Carlos Ghosn, has resigned. Ohtsuru's office and a statement submitted to the court confirmed that Ohtsuru had quit on Wednesday. It was the latest twist in Ghosn's legal battle after he was arrested in November. He has been charged with falsifying financial reports by under-reporting his compensation and with breach of trust. Ghosn has repeatedly said he is innocent.
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Ghosn beefs up defense with lawyer famous for acquittalsTOKYO (AP) — Former Renault-Nissan chairman Carlos Ghosn has beefed up his defense team ahead of his trial in Japan by hiring Junichiro Hironaka, a star lawyer with a strong track record for winning rare acquittals in a country where the conviction rate is 99 percent. Another new attorney on his team, Hiroshi Kawatsu, is an expert on judicial reform who has studied and done research in the U.S. Ghosn, arrested Nov. 19, and charged with falsifying financial reports and breach of trust, says he is innocent. Some prominent cases Hironaka has won are:
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Japan posts largest trade deficit in 5 yearsTOKYO--Japan logged its biggest trade deficit in nearly five years in January, as trade tensions and a global economic slowdown weighed on exports and threatened the country's main engine of growth. The value of Japan's January exports fell by a faster than-expected 8.4% from a year ago to 5.574 trillion yen, a two-year-low, according to data released by the country's finance ministry on Wednesday.
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