Tags: Japan
Toyota's Market Value Plummets to Over $15 Billion After Falsified Safety Test Scandal
Toyota's stock price fell by over $15 billion last week after it admitted lying on safety certification tests.
Toyota Issues Apology as Safety Test Scandal Persists: ‘We Are Not a Perfect Company’
In response to the safety test controversy, Toyota Chairman Akio Toyoda apologized while bowing before reporters.
Japan Launches Robots to Clean Up Destroyed Fukushima Nuclear Plant
Japanese company TEPCO will employ a remote-controlled robot to retrieve melted fuel debris from Fukushima Daiichi's damaged reactors, the first step in addressing the aftermath of the 2011 nuclear disaster.
South Korea, Japan, China Holds Trilateral Summit in Seoul to Discuss Resuming Free Trade Agreement Talks
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.
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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.
Japan's SoftBank Corp. is banking on AI to tone down the voices of irate customers to help call center workers deal with such clients.
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.
The European Union (EU) has approved Japan's Nippon Steel's acquisition of US Steel for $14.9 billion despite facing opposition in the United States.
The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April.
President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration.