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With Guilty Plea, Takata Clears Way for a Likely Global Rescue

With a $1 billion fine and a criminal guilty plea, Takata, the Japanese auto parts maker, took a major step on Friday toward putting the scandal over its deadly airbags behind it, the International New York Times reported. Next up: a sale of the fina ...

Daily Headline - global.abi.org - 01/16/2017 - 22:58 - 0 comments

Takata Restructuring Delayed as Bidders Evaluate Business

Takata Corp.’s selection of a potential buyer will miss the year-end target as the shortlisted bidders need more time to review the air-bag maker pummeled by a record auto-safety recall of its products, according to people familiar with the matter, Bloom ...

Daily Headline - global.abi.org - 12/15/2016 - 19:54 - 0 comments

Numbers of Japanese Elders in Workforce Soar

Despite Japan’s reputation for economic sluggishness, Tokyo is flooded with help-wanted signs. The unemployment rate has fallen to 3%, and on Tuesday the government said the number of unemployed people fell below two million for the first time since 1995 ...

Daily Headline - global.abi.org - 11/29/2016 - 21:47 - 0 comments

KKR No Longer In Bidding For Japan's Takata

U.S. buyout firm KKR & Co is no longer in the bidding to buy Takata Corp, the Japanese parts maker at the center of the world's biggest auto recall, according to a person briefed on the bidding process. KKR did not attend meetings last week betw ...

Daily Headline - global.abi.org - 11/02/2016 - 21:58 - 0 comments

3 Japanese Shipping Companies to Merge Container Businesses

In a fresh sign of the economic fallout from weaker global trade, Japan’s three largest shipping companies agreed on Monday to merge a major portion of their businesses, saying they needed to join forces to survive, the International New York Times D ...

Daily Headline - global.abi.org - 10/31/2016 - 18:42 - 0 comments

Japan Passes $32 Billion in Extra Economic Stimulus, but Some Seek More

Parliament passed an extra spending package Tuesday to get Prime Minister Shinzo Abe’s economic-revival plan back on track, but the Japanese leader is already facing calls to do more, The Wall Street Journal reported. A leading Abe adviser and some e ...

Daily Headline - global.abi.org - 10/11/2016 - 21:13 - 0 comments

Bankrupt Japanese Mining Town Downsizes to Avoid Becoming a Ghost

A sleepy, former coal-mining town in northern Japan is taking unprecedented measures to combat its biggest challenge: a devastating shrinking of its population, Bloomberg News reported yesterday. Since its peak in the post-war economic boom of the 1960s, ...

Daily Headline - abi_admin - 09/27/2016 - 12:30 - 0 comments

Bank of Japan Sets Bond-Rate Target in Policy Revamp

The Bank of Japan plunged into an approach to monetary policy unseen in decades, introducing a target for 10-year interest rates in its latest bid to restart economic growth, The Wall Street Journal reported. The Japanese central bank, which has stru ...

Daily Headline - global.abi.org - 09/21/2016 - 22:04 - 0 comments

Takata Shares Fall On Bankruptcy Fears

Shares in Takata fell 12 per cent on Tuesday as investors feared that a bankruptcy option could be part of the restructuring package being compiled for the Japanese manufacturer at the centre of a global safety scandal, the Financial Times reported. ...

Daily Headline - global.abi.org - 09/20/2016 - 22:16 - 0 comments

Japan’s Negative Interest Rates Explained

Japan’s central bank is reviewing its economic policies, asking why they have failed to kick-start growth, as intended. Its much-anticipated report is due on Wednesday, the International New York Times reported. One target is negative interest rates ...

Daily Headline - global.abi.org - 09/20/2016 - 22:18 - 0 comments

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