Business
Japan's unemployment rate, job availability ratio unchanged in April
Japan's unemployment rate in April remained unchanged from the previous month at 2.5 percent as many sectors continue to face worker shortages, government data showed Friday. The job availability ratio was also unchanged from March at 1.26 in the reporting month, meaning there were 126 jobs available for every 100… Read
Core consumer prices in Tokyo rise at fastest pace in over 2 years
Core consumer prices in Tokyo climbed 3.6 percent in May from a year earlier, rising at the fastest pace in over two years, official data showed Friday, as the cost of rice remained on a sharp upward trajectory. The rise in Tokyo's core consumer price index, excluding volatile fresh food… Read
Asian shares mostly decline as uncertainty grows about what's next with Trump's tariffs
Asian shares were mostly lower Friday as uncertainty grew about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs. Japan's benchmark Nikkei 225 dropped 467.88 points, or 1.22 percent, to close at 37,965.10. Government data showed Tokyo core inflation, excluding fresh food, rising to a higher-than-expected… Read
Toyota April global sales up 10% on year ahead of U.S. tariff impact
Toyota Motor Corp said Thursday that its global sales rose 10 percent from a year earlier to a record 876,864 vehicles for the month of April, as demand grew ahead of the negative impact of higher U.S. tariffs on imported cars. The world's largest automaker by volume said its global… Read
Already numb to tariff twists, U.S. importers see legal decisions as another price of doing business
Businesses rattled by President Donald Trump's on again, off again tariffs absorbed more jolts on Thursday after a U.S. appeals court temporarily blocked a federal court order that would have halted most of his taxes on foreign imports. A three-judge panel of the U.S. Court of International Trade ruled late… Read
Markets welcome court ruling against Trump's tariffs as shares, U.S. dollar and oil gain
Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. U.S. futures jumped early Thursday and oil prices rose more than $1. The U.S. dollar rose against the yen and euro. The court found the 1977 International Emergency Economic Powers Act, which… Read
Nissan to raise ¥1 tril by issuing debt, selling assets
Ailing Nissan Motor Co is planning to raise around 1 trillion yen by issuing corporate bonds and selling assets to secure funds as it approaches a massive bond redemption, a company source said Wednesday. Nissan and its affiliated companies face the redemption of roughly 780 billion yen in corporate bonds… Read
European companies cut costs, scale back investments in China as its economy slows
European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual survey released Wednesday. Their challenges reflect broader ones faced by a Chinese economy hobbled by a prolonged real estate crisis that has hurt consumer… Read
7-Eleven parent shareholders OK 1st foreign CEO amid buyout talks
The new top executive of Seven & i Holdings Co, the Japanese operator of the Seven-Eleven convenience store chain, said Tuesday that he is committed to growth over the next decade, as the retail giant strives to enhance its corporate value in the face of a takeover bid by a… Read
Former top execs of struggling Nissan got ¥646 mil severance pay
Four former Nissan Motor Co top executives including ex-President and CEO Makoto Uchida received a combined total of 646 million yen for leaving top roles at the embattled Japanese automaker, a general shareholders' meeting notice showed Tuesday. The large payouts may draw investor ire at the June 24 meeting, after… Read
