Mari's Feed
Feb 19, 2015

Japan’s annual exports jump most since late 2013 in boost to economy

TOKYO (Reuters) – Japan’s annual exports in January jumped the most since late 2013 in an encouraging sign a weak yen is finally boosting the nation’s all-important export engine and helping the economy crawl out of a recession.

The 17.0 percent year-on-year gain in exports marked the fifth straight month of increase, supported by brisk shipments of cars to the United States and of electronics parts to Asia, data by the Ministry of Finance showed.

Feb 17, 2015

Strong quake hits northern Japan, tsunami and evacuation warnings issued

TOKYO (Reuters) – A strong earthquake with a preliminary magnitude of 6.9 was recorded off northeastern Japan on Tuesday, the U.S. Geological Survey said, and the Japan Meteorological Agency issued a tsunami warning.

Japanese broadcaster NHK warned residents a one metre-high (three feet) wave was expected to hit the coast of Iwate prefecture in northern Japan at approximately 2330 GMT. It reported that evacuations had been ordered for towns closest to the coast in Iwate.

Feb 12, 2015

Japan core machinery orders jump in positive sign for economy

TOKYO (Reuters) – Japan’s core machinery orders rose in December at the fastest pace in six months, and companies expect orders to increase in the current quarter in an positive sign that business investment will underpin a firm recovery for the recession-hit economy.

The encouraging data is a welcome relief for the Bank of Japan at a time of considerable uncertainty in the global economy, with plunging oil prices and rising deflationary pressures prompting a wave of monetary easings around the world.

Feb 10, 2015

Japan’s deflationary challenge caught in a bottle of ketchup

TOKYO (Reuters) – For Tokyo-based condiments maker Kagome, and perhaps for Japan’s government, the challenge of breaking with a decade and a half of deflation boils down to the price of a bottle of ketchup.

Japan’s most popular ketchup brand is hiking prices for the first time in 25 years in April, the kind of inflation that Prime Minister Shinzo Abe’s economic policies are aimed at encouraging.

Feb 5, 2015

Takata adds nearly $30 mln to special loss to cover air bag recalls, cuts outlook

TOKYO, Feb 5 (Reuters) – Japanese air bag maker Takata Corp
booked nearly $30 million in extra charges for vehicle
recalls to replace potentially deadly air bag inflators, as well
as other costs, tipping it toward a bigger annual loss than
previously forecast.

Embroiled in a long-running global recall crisis, Takata on
Thursday reported a nine-month net loss of 32.5 billion yen
($277 million). It now expects its full-year net loss to be 31
billion yen, wider than the 25 billion yen it previously
forecast and broadly in line with analysts’ estimates.

Jan 26, 2015

Japan’s Marubeni halves profit outlook on oil price slide, Gavilon

TOKYO, Jan 26 (Reuters) – Japanese trading house Marubeni
Corp halved its annual profit forecast on Monday after
plunging oil, copper and coal prices weighed on its resource
assets and it booked an impairment charge for its grains unit
Gavilon.

Like international oil majors and mining companies, Japan’s
trading companies have been caught flat-footed by the rout in
commodities, with oil down as much as 60 percent
and copper falling about 25 percent since the middle of
last year.

Jan 23, 2015

Islamic State deadline on Japanese captives passes with no word on fate

TOKYO (Reuters) – Japan said on Friday it was still trying to secure the release of two Japanese hostages held by Islamic State militants after a deadline to pay ransom for their release passed and there was no immediate word on their fate.

Prime Minister Shinzo Abe’s government considered whether planned legislative changes would give it the legal basis for a military strike on the Islamic State militants and concluded it did not, according to a briefing document reviewed by Reuters.

Jan 23, 2015

Japan captive’s mother pleads for his release as Islamic State deadline nears

TOKYO (Reuters) – The mother of a Japanese journalist held captive by Islamic State militants along with another Japanese citizen appealed for his safe release on Friday as a ransom deadline neared and the government acknowledged it was in an “extremely severe situation”.

Prime Minister Shinzo Abe has said saving the men’s lives is paramount but that Japan will not bow to terrorism.

Dec 24, 2014

Takata says president stepping down to streamline air bag recall response

TOKYO (Reuters) – Takata Corp, the auto supplier
embroiled in a global safety crisis, said Wednesday its
president, Stefan Stocker, would step down and its chairman
would assume the role to unify the company’s response to the
recall of millions of vehicles carrying defective air bags.

Stocker, a Swiss national, joined Takata from privately-held
supplier Robert Bosch as Takata’s first foreign president and
will remain with the company as a board member.

Dec 19, 2014

Nissan CEO says suspending some Russia car orders in ‘bloodbath’ for automakers

TOKYO (Reuters) – Japan’s Nissan Motor Co (7201.T: Quote, Profile, Research) and French partner Renault SA (RENA.PA: Quote, Profile, Research) have stopped taking orders for some cars in Russia and could raise prices on others if the rouble’s plunge continues, alliance Chief Executive Carlos Ghosn said on Friday.

“We have suspended taking orders,” Ghosn told reporters at Nissan’s headquarters in Yokohama, saying the freeze is limited to specific models while orders already placed are being honoured. “We didn’t do it (suspend orders) overall, just on some models we said, ‘Sorry, until we see where this situation is going we don’t take orders.”