Japan’s Honda Motor Co Ltd said on Tuesday it plans to spend $64 billion on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Its goals also include producing some 2 million electric vehicles a year by 2030. The strategy marks a […]
Japan
Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said on Monday. The government will submit a revision of the Foreign Exchange and Foreign Trade Act to the current parliament session to strengthen protections against potential sanction-busting by […]
Toshiba Corp shareholders on Thursday voted down competing proposals – one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled Japanese conglomerate uncertain. Management’s plan to spin off Toshiba’s devices unit and the separate call to seek buyout offers had both failed to gain the required 50 […]
Yahoo Japan announced that most of its online services would no longer be accessible in the European Economic Area and the UK, starting April 6th. However, the company’s email, credit card, and ebook services will continue to be available, but everything else is going dark. The main reason behind that decision is the cost of […]
The United States and Japan on Friday voiced strong concern about China’s growing might and pledged to work together to push back against attempts to destabilize the region, including against emerging defense threats. The comments from the two allies, in a joint statement that followed a virtual “two-plus-two” meeting of their foreign and defence ministers, […]
Japan’s Cabinet approved a record 5.4 trillion yen ($47 billion) defense budget for fiscal 2022 on Friday that includes funding for research and development of a new fighter jet and other “game-changing” weapons as Japan bolsters its defense capabilities in response to China’s growing military might and its tensions with Taiwan. The 1.1% budget increase […]
Japan’s global chip manufacturing thrown is finally usurped as it fears U.S.’s tactics of pouring billions of dollars to deflect from China’s overtake of Japan’s semiconductor industry. The time has come, after three long decades overwhelmed with success in the chip manufacturing industry, Japan’s industry ministry announced that the nation’s share of the world’s chip […]
Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly […]
In order to get an idea of product effectiveness, one should evaluate the result of a product based on consumer behavior and the mobile experience of consumers. 5G is supposed to drive other developing technologies like artificial intelligence (AI), automation, with the potential to connect a far greater number of Internet of Things (IoT) devices. […]
The shift to telework, video conferences, social distancing and reduction of high-density work settings, are all measures taken by companies to help mitigate the transmission of Coronavirus. This change in work life has also encouraged the digitization of businesses. For many companies in Japan, work from home measures will stay in place for better operational […]