Delta Air Lines Inc (DAL.N) has offered to invest in Japan's bankrupt Skymark Airlines Inc (SKALF.PK) as part of a restructuring plan for the budget carrier, according to a Japanese media report.
Japan
Japan's Economy Reduces at a Minus 1.2 Percent Annual Rate in Q2
Revised data released Tuesday shows that Japan's economy contracted at a minus 1.2 percent annual rate during the second quarter. In a report from St. Louis Post-Dispatch, economists are rather impressed with the figure reported since it is better than what was expected. A preliminary report last month showed that Japan's economy contracted at a minus 1.6 percent annual rate.
Japan inflation weakens consumer purchasing power in July
Japan's economy continues to decline. Inflation rate and household spending crawled in July. This is according to data that was released onFriday that will possibly add pressure on the central bank to raise its barrage of monetary stimulus.
Drop in consumption, exports squeeze Japan’s export basket
The reduction in consumer spending and drop in exports are squeezing the world's third largest economy. During April-June quarter, exports from Japan eased putting further pressure on the Japanese economy, which slowed down at 1.6 percent annual growth rate as against the forecast of 1.9 percent.
Toshiba wants new blood to lead its board; Interim president stays
Toshiba Corp has restructured its board of directors, getting mostly people from outside the company, including three former chiefs of major Japanese companies.
Latest News
A few months after considering a venture on the smartphone gaming policy, Satoru Iwata, CEO of Nintendo died on Saturday at 55 due to a bile duct tumor. Reports say this is such a big lost for Nintendo.
In what seems to be the smaller alternative for X-T1, Fujifilm touts the anti-smartphone camera X-T10 the best pick for its price. Basically, X-T10 is projected towards traditional photographers who are obsessed with the complexities of manual camera adjustments or settings. In other words, Fujifilm claims X-T10 to be a handy and worthy companion for the ones who despise touchscreen and adore the touch of physical buttons.
Honda Motor Co's (7267.T) new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp (7312.T), the air bag supplier at the center of a costly global safety recall that has dented Honda's public image as well as its earnings.
Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan's most pressing concerns - a shortage of labor and a need for growth.
Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington.
The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery.
Bank of Japan Governor Haruhiko Kuroda said the yen's current weakness was not inflicting severe pain on the economy, toning down an earlier warning to markets against pushing the currency too far down.
Japan's export growth slowed for a second straight month in May, with weak external demand now threatening to erode economic growth in the current quarter.
General Motors Co (GM.N) will re-enter the U.S. medium-duty truck market next year with Chevrolet-branded vehicles supplied by Japanese truck maker Isuzu Motors Ltd (7202.T), people familiar with the matter said on Monday.
