Japan

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Toshiba Scandal Continues As More Accounting Errors Found

Toshiba again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan’s worst corporate scandal in four years, the Irish Times reported. Toshiba, which was scheduled to ...

Daily Headline - global.abi.org - 08/31/2015 - 20:12 - 0 comments

Japan’s Expectations for Growth Fall With Spending

household spending fell 0.2 percent in the year to July. Many analysts expect prices to slide in coming ...

Daily Headline - global.abi.org - 08/30/2015 - 16:52 - 0 comments

Mark Karpeles, Chief of Bankrupt Bitcoin Exchange, Is Arrested in Tokyo

Since the collapse last year of Mt. Gox, the exchange that served as the largest hub for storing and trading the virtual currency Bitcoin, law enforcement officials and angry clients have been asking what happened to nearly half a billion dollars in Bitc ...

Daily Headline - global.abi.org - 08/02/2015 - 22:31 - 0 comments

Airbus Says Weighing Up Both Skymark Rescue Plans

Airbus said on Thursday it was studying two proposals to revive Skymark and would favour any plan that both gives the bankrupt Japanese airline a future and takes account of the planemaker's interests, Reuters reported. Alongside aircraft leasing fi ...

Daily Headline - global.abi.org - 06/18/2015 - 21:00 - 0 comments

Japan Government Takes On Its Deficit-Ridden Finances

Prime Minister Shinzo Abe is expected to unveil a plan to balance Japan’s budget in five years, a move that underscores Tokyo’s resolve to improve its deficit-ridden finances even as it continues to pursue costly economic-stimulus programs, The Wall St ...

Daily Headline - global.abi.org - 06/17/2015 - 22:54 - 0 comments

Skymark's Top Creditor Says Looking For Sponsor Other Than ANA

Aircraft leasing firm Intrepid Aviation Ltd, the biggest creditor of Skymark Airlines, is seeking another sponsor for the failed budget carrier instead of ANA Holdings, court documents showed. Intrepid's search is part of a restructuring plan for Sk ...

Daily Headline - global.abi.org - 06/01/2015 - 19:12 - 0 comments

Bank Of Japan Accounts Reveal Anxiety Over QE Exit

The Japanese government will miss out on Y201.8bn ($1.6bn) in Bank of Japan profits this year as the central bank piles up capital against future losses, the Financial Times reported. According to its annual accounts, the BoJ is keeping 25 per cent o ...

Daily Headline - global.abi.org - 05/27/2015 - 22:57 - 0 comments

Skymark Creditor Wants To Block ANA From Buying Stake

Skymark Airlines Inc's biggest creditor, aircraft leasing company Intrepid Aviation Ltd , plans to try to block ANA Holdings Inc from taking a 16.5 percent stake in the failed Japanese discount carrier, two people said. The decision by Intrepid to t ...

Daily Headline - global.abi.org - 05/26/2015 - 20:55 - 0 comments

Japanese Group Lixil Faces Losses After Unit Files For Insolvency

Lixil, the Japanese bathroom fittings group, faces losses of at least Y41bn ($337m) after a China-based, German-listed subsidiary filed for insolvency and announced it was considering legal action against its former chairman and his son, the former deput ...

Daily Headline - global.abi.org - 05/25/2015 - 22:44 - 0 comments

Sharp Says Banks to Provide $1.7 Billion Bailout

Sharp Corporation of Japan said it had secured a $1.7 billion bailout from banks, its second major rescue in three years, after its smartphone display business came under intense pricing pressure from Asian rivals, the International New York Times re ...

Daily Headline - global.abi.org - 05/14/2015 - 19:24 - 0 comments

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