Tags: 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.
Canadian Company Proposes to Buy 7-Eleven for $37.5 Billion
Canada's Alimentation Couche-Tard has made a $37.5 billion bid to acquire 7-Eleven, valuing 7-Eleven at twice its previous Tokyo listing.
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.
Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain
Fast Retailing, the Japanese owner of the clothing retailer Uniqlo, reported that it had a quarterly net profit of $720 million in its latest figures in May, an increase of 37.4% from the same period last year.