TOKYO (Reuters) – Japanese Prime Minister Yoshihiko Noda frequently entertains dignitaries from all over the world, but he was a touch star-struck on Thursday when he hosted a young billionaire with a whiff of celebrity: Facebook chief executive Mark Zuckerberg.
As cabinet ministers filed through Noda’s residence for a late afternoon meeting, it was Zuckerberg who drew a fusillade of camera flashes from a hefty media contingent as he strode through the entrance like a movie star.
TOKYO (Reuters) – Sony Corp CEO Kazuo Hirai signaled his determination to turn around the group’s ailing TV business by keeping direct charge of the division, as the Japanese brand fights to regain ground against rivals such as Apple.
Hirai, who formally takes over as chief executive from Howard Stringer next week, inherits a company that – like much of corporate Japan – has been outgunned in recent years by rivals like Apple and Samsung Electronics.
TOKYO, March 27 (Reuters) – Sony Corp CEO Kazuo
Hirai signalled his determination to turn around the group’s
ailing TV business by keeping direct charge of the division, as
the Japanese brand fights to regain ground against rivals such
Hirai, who formally takes over as chief executive from
Howard Stringer next week, inherits a company that – like much
of corporate Japan – has been outgunned in recent years by
rivals like Apple and Samsung Electronics.
TOKYO, March 7 (Reuters) – Decades ago, the citizens
of Japan’s Futaba town took such pride in hosting part of the
Fukushima Daiichi nuclear complex that they built a sign over a
promenade proclaiming that atomic power made their town
Now, they are scattered around Japan with no clear sign of
when they might return to their homes, and their story has
become a cautionary tale about the dangerous allure of nuclear
TOKYO, March 2 (Reuters) – Japanese drugmaker Daiichi
Sankyo and British peer GlaxoSmithKline are to
form a 50-50 joint venture to bring new vaccines to Japan,
targeting an underdeveloped segment of the world’s
second-biggest prescription drug market.
News of the venture, which will likely create the top player
in the Japanese vaccine market, sent shares of Japan’s No.3
drugmaker to a four-month closing high on Friday.
TOKYO (Reuters) – Japan’s Olympus Corp proposed a new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception from foreign investors when it goes to a shareholder vote.
The maker of cameras and medical equipment said it had nominated an insider, executive officer Hiroyuki Sasa, to become president and former banker Yasuyuki Kimoto as chairman, subject to approval at its April 20 shareholders’ meeting.
TOKYO, Feb 14 (Reuters) – Japan’s Elpida Memory
flagged doubts over its ability to continue as a going
concern, as the world’s third-largest maker of DRAM chips has
not yet been able to agree on support from banks and the
government ahead of debt repayment deadlines.
Valued at $1.3 billion, Elpida is scrambling to meet
deadlines in the next two months to repay 92 billion yen ($1.2
billion) in bonds and loans, and has been battered by a slump in
prices for its dynamic random access memory (DRAM) chips, which
are used mostly in personal computers.
TOKYO, Feb 13 (Reuters) – Japan’s scandal-hit Olympus
Corp on Monday forecast a $410 million full-year net loss due to
its ailing camera business and tax asset writedowns, but
strength in its core endoscope business highlighted its
attractiveness to potential investors.
The maker of cameras and medical equipment has been
considering alliance offers to shore up its finances after a
$1.7 billion accounting scandal severely depleted its assets,
with Sony, Fujifilm, Terumo and South
Korea’s Samsung Electronics believed to be among
SENDAI, Japan (Reuters) – By day, Kenichi Watanabe runs an insurance agency. By night, he’s an arm wrestler — and on a recent Saturday, he’s preparing to do battle.
Under a moonlit sky, Watanabe and his opponent face off across an arm wrestling table in a bustling pedestrian street in Sendai, a northern Japanese city hit hard by the March quake. Watanabe is lean and cut, like a lightweight boxer, but his rival looks a couple of weight classes bigger.
TOKYO (Reuters) – The film “Land of Oblivion” may revolve around victims of the Chernobyl disaster a quarter of a century ago, but Japanese audiences will see striking parallels with current-day headlines following the Fukushima nuclear crisis.
Environmental damage, exclusion zones and radiation testing are just some of the images in the film that are redolent of the Fukushima catastrophe, which developed after a series of explosions was set off by the March 11 earthquake and tsunami.