Japan is setting up a 53-megawatt solar powered station to be situated in northern Fukushima. Four lending institutions will back up the project namely Mitsubishi UFJ, Sendai-based 77 Bank which will provide the highest amount of loan of $57 million and other two lenders according to PV Magazine.
Japan
Honda FCV: A powerful hydrogen-powered sedan to launch in broader market
Honda unveiled its third generation fuel cell vehicle, known as FCV, at the Tokyo Motor Show 2015 this week. The five-passenger sedan is the first hydrogen-powered model that Honda has offered to the public.
Retailers: It's a false figure for Japanese consumer spending after price hike
It seems like Japanese retailers are saying not to believe in official statistics on consumer spending as stores cut earnings forecasts and expects a lackluster consumer spending, which is an important factor in the growth of Japan during a time of declining exports and factory output.
Toyota recalls different Scion models
Before new Toyota vehicles can be sold and affected cars driven again by customers, it must be examined and fixed first for any defects. The Japanese automaker made this initiative move to avoid fines and charges as well as accidents.
What you will like about Mazda CX-3: A lot
Mazda CX-3, the new compact crossover SUV is the fifth model in Mazda's line-up of new-generation vehicles that feature the full range of SKYACTIV Technology and 'KODO - Soul of Motion' design. With global launches starting from Japan in the spring of 2015, CX-3 offers all the essentials people look for in car, a design of high quality and style, and the responsive driving feel.
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The Asian market open lower on Tuesday as investors start to weigh in again the possibilities of a weak economy sign in China. The market fell to its three-week low and is raising concern in the U.S too causing a substantial loss in the Wall Street.
After exiting the smartphone business in 2005, Japanese electronics major Panasonic is making a comeback in this segment and has prepared business plans to bolster sales volume for reaching the target of $2-billion revenues in next three years.
Feeling the heat over the China's economy slowing down, Kobe Steel Ltd has reduced its profit target by 58 percent for its construction machinery unit Kobelco Construction Machinery.
As part of the restructuring the organization in the backdrop of $1.3billion accounting scandal, Toshiba Corp has decided to offload five percent stake each in its two white good manufacturing units to Chinese firm Skyworth Digital Holdings. As part of the agreement, Toshiba will wind up its two China sales units. Toshiba will also use Skyworth's local distribution network for selling white goods such as refrigerators, washing machines, and vacuum cleaners. Japanese laptops-to-nuclear power giant Toshiba is considering a massive overhaul of company's operations.
Taiwan's Hon Hai Precision Industry Co has offered bid to acquire the LCD business of Sharp Corporation. However, the bidding details were not revealed. Without confirming on its plans to offload LCD business or received any bid offer, Sharp Corp continues to explore several options for reviving the trouble-prone liquid panel display business. Sharp has also asked Apple Inc for funding support. Sharp Corp has sought a $1.9-billion revival package from the banks and decided to slash 5,000 jobs as part of the cost-cutting measures. The intense competition in LCD screens for smartphones from Asian companies is taking a toll on Sharp Corp's business.
Sony announced the change of name their game device from Project Morpheus to PlayStation VR as it enables players to feel like they are physically inside the game's virtual world. Sony has decided to change the name of its device Project Morpheus to PlayStation VR. The announcement was made at the Tokyo Game Show tweeting out as well the news from the official PlayStation Twitter account, Wired reported.
Nintendo appointed Tatsumi Kimishima as its new president prior to Satoru Iwata's death last July. Beginning September 16, Kimishima will be in charge. After Iwata died two months ago, Nintendo had made an official statement appointing the new representative director and president, Tatsumi Kimishima, Wired reported.
Nintendo, the largest Japanese video game company, had teamed up with Niantic Inc. to develop Pokémon Go, a mobile game based on the popular monsters from the Japanese cartoon series.
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.
