TAIPEI/SHANGHAI/OSAKA -- Taiwan's Hon Hai Precision Industry ... The company plans to put some IPO funds toward addressing the cost issue by mechanizing production lines, including by applying artificial intelligence. Investors include Chinese e-commerce ... ( read original story ...)
Japan automaker lobby slams U.S. tariff threat ahead of July trade talks
New tariffs on auto imports could raise costs for Japanese automakers doing business in the United States, the world’s No. 2 auto market. The probe follows a U.S. decision to slap new tariffs on steel and aluminum imports from Japan and other countries ... ( read original story ...)
Japan’s Airbnb offerings evaporate ahead of new regulations
Japan, which just months ago had tens of thousands of Airbnb ... The new regulations were meant to bring transparency to a business that was until now rather murky, and technically allowed only in certain zones - although many hosts ignored such restrictions. ( read original story ...)
Nankai Trough quake, tsunami could cost Japan ¥1.4 quadrillion over 20 years, engineers say
A massive earthquake predicted to occur in Japan within the next 30 years could cause ¥1.4 quadrillion ($12.8 trillion) in damage to the economy, much more than a government estimate, a construction industry body said Thursday. The estimate is based on an ... ( read original story ...)
Backup plan to ensure correct Japan Standard Time in disasters
The necessity of the backup plan came under the spotlight after the 2011 Great East Japan Earthquake and tsunami hit northeastern Tohoku region. A radio wave transmission facility for disseminating time had been operating in Kawauchi, Fukushima Prefecture ... ( read original story ...)
Light earthquake, 4.5 mag was detected near Narita in Japan
A light earthquake magnitude 4.5 (ml/mb) has struck on Thursday, 4 kilometers (2 miles) from Narita in Japan. The 4.5-magnitude earthquake was detected at 14:58:40 / 2:58 pm (local time epicenter). Exact time and date of earthquake 07/06/18 / 2018-06-07 05 ... ( read original story ...)
European banks are flirting with each other again. Here’s why
where there are 170,000 people per bank, and in Japan, where the number of citizens per bank rises to nearly 900,000. "You do have a very divided market across the continent of Europe," Barclays CEO Jes Staley said this week during an interview on CNBC. ( read original story ...)
Tokyo fun fact: Everything here is tiny
Tokyo may be a megapolis, but our 13 million-strong population (with an additional 29 million in greater Tokyo) means space is, well, limited. Enter a whole load of things that would probably be twice the size abroad, which have been squeezed into the ... ( read original story ...)
Tokyo stocks close lower on profit taking ahead of key political events
TOKYO, June 8 (Xinhua) -- Tokyo stocks closed lower Friday as investors took to taking profits after the Nikkei's four-day winning streak and ahead of a number of key financial and political events, including the Group of Seven (G7) summit starting later ... ( read original story ...)
‘Please just go’: thumbs down after Chinese tourists asked to leave Osaka restaurant
Two young Chinese women who claim they were discriminated against by Japanese staff at a restaurant in Osaka did not get the reaction they ... Qianjiang Evening News reported on Thursday. “Is there a special standard of service for foreign tourists?,” ( read original story ...)
Why 80% of Japan’s Airbnb listings have disappeared
More stringent laws governing minpaku or private lodging services have apparently led to a drastic wipeout of Japan listings on the popular short-term rental site Airbnb. The archipelagic nation is now home to just 13,800 Airbnb properties for rental ... ( read original story ...)
Days are numbered for ATMs in Japan’s banking system
On May 2, Shinsei Bank announced that starting from October it will impose fees for automatic teller machine (ATM) transactions. Shinsei’s main sales point has always been its lack of ATM fees, but the bank will start charging ¥108 per ATM withdrawal ... ( read original story ...)
Nankai Trough megaquake could cause ¥1.4 quadrillion damage to Japan and dent economy for 20 years: report
A massive earthquake predicted to occur in Japan within the next 30 years could cause ¥1.4 quadrillion ($12.8 trillion) in damage to the economy, much more than a government estimate, a construction industry body said Thursday. The estimate is based on an ... ( read original story ...)
Lavish Nagoya palace of Tokugawa shogun unveiled after nine-year restoration program
NAGOYA – The reconstructed main palace of Nagoya Castle, originally built in 1615 on the orders of the first Tokugawa shogun but destroyed in World War II, was unveiled to the public Friday, allowing visitors to see the lavish rooms as enjoyed by the ... ( read original story ...)
Nikkei drops for the first time in five days; market awaits Fed, ECB
TOKYO (Reuters) - Japan’s Nikkei share average snapped a four-day winning streak in choppy trade on Friday morning, with many investors on the sidelines as they await major economic events. Large-cap stocks such as SoftBank and Fanuc underperformed. ( read original story ...)
Japan Banks Fixated on Archaic Trading, 35-Year Veteran Says
“You buy when you think it is timely and sell to lock-in capital gains.” The Bank of Japan’s negative interest-rate policy is pressuring domestic lenders to take too much risk, Takahide Kiuchi, a former BOJ board member, said in an interview last mont ( read original story ...)