In response to the safety test controversy, Toyota Chairman Akio Toyoda apologized while bowing before reporters.
Japan
Japan Bank Executives Apologize, Take Pay Cuts After Employees Steal $9M From Safe Deposits
Executives at MUFG Bank took pay 30% pay cuts after an employee stole $9 million in valuables over four years, with compensation to soon reach affected customers.
Japanese Bank Apologizes After Employee Admits to Stealing $6.6 Million from Clients
MUFG, Japan's top bank, apologized after an employee stole over $6.6 million from safe deposit boxes; investigations are ongoing with compensation planned.
Bank of Japan Expected to Present 'Paradigm Shift' on Inflation, Rate-Hike Cycle
The Bank of Japan (BOJ) said that it was preparing for an era of steady interest rate hikes by claiming victory over deflation, according to a major review of past policy that recognized a paradigm shift over consumer behavior.
Japanese Yen Falls to Lowest Against Dollars Since 1986; Currency Markets Now on Alert
The Japanese yen has reached its lowest against the dollar since 1986, mostly due to the interest rate gap, prompting concerns over potential intervention by Japanese authorities.
Latest News
A Japanese spacecraft will deposit a disc containing messages in 275 languages on the moon to preserve humanity's linguistic diversity in case of catastrophic events on Earth.
South Korean President Yoon Suk-Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang are to hold a trilateral summit in Seoul which would focus on resuming talks on a free trade agreement, among other matters.
South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.
The 10-year Japanese Government Bond (JGB) rose to its highest level in 11 years since a similar rating was recorded back in 2013.
Japanese Finance Minister Shunichi Suzuki told reporters about the importance of the government cooperating and coordinating its financial goals with the Bank of Japan.
After more than ten years of being offline, this step would represent a crucial move towards stabilizing power costs in the country.
A bread manufacturer in Japan has recalled 104,000 packs of sliced bread after two of them were found to contain rat parts.
Japan is now bolstering its defense supply chain. As part of this effort, the Japanese government contracted JSW to produce armored vehicles.
Japan's antitrust watchdog has instructed Google to address its advertising search limitations impacting Yahoo in Japan, following an investigation showing Google's practices that undermine fair competition.
