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May 15, 2013

Motor racing-Honda to return to F1 in 2015 with McLaren -sources

TOKYO, May 15 (Reuters) – Honda will return to Formula One in 2015 as McLaren engine partners, replacing Mercedes, sources close to the company said on Wednesday.

Honda’s Chief Executive Takanobu Ito is set to make an official announcement as early as Thursday, one of the sources added.

May 14, 2013

As yen drops, Nissan sets new profit target for struggling Infiniti brand

KAMINOKAWA, Japan, May 14 (Reuters) – Nissan Motor Co
CEO Carlos Ghosn set a new profit target for its
premium brand Infiniti, which in recent years has hardly
contributed to the Japanese automaker’s operating profit as it
struggled to export profitably with a persistently strong yen.

Infiniti, produced mostly in Japan and exported overseas,
accounted for less than 1 percent of Nissan’s operating profit
in the last two years, Ghosn told reporters on Tuesday. Nissan
booked an operating profit of 523.5 billion yen ($5.15 billion)
for the year ended March.

May 8, 2013

Subaru maker to invest $400 mln to expand U.S. plant

TOKYO, May 8 (Reuters) – Fuji Heavy Industries Ltd,
the maker of Subaru cars, plans to invest $400 million to expand
production capacity at its sole U.S. plant in Indiana by around
100,000 vehicles, the Japanese automaker said on Wednesday.

The company, which exports nearly 70 percent of its
Japan-made production, wants to make more vehicles in its
biggest market, the United States, to limit the impact of
currency moves.

May 7, 2013

At cautious Toyota, low risk rules even as profit booms

TOKYO, May 8 (Reuters) – Toyota Motor Corp refuses
to be tempted away from its low-risk growth strategy, even as
the world’s bestselling carmaker is likely to show that it met
its mid-term profit goals in the year ended March, aided by the
weaker yen.

Toyota is expected to post on Wednesday an annual operating
profit of 1.26 trillion yen ($12.69 billion) according to
Thomson Reuters StarMine’s SmartEstimates, with an operating
margin of about 5.6 percent. SmartEstimates place emphasis on
timely forecasts by top-rated analysts.

May 6, 2013

Author Murakami makes first Japan public appearance in 18 years

KYOTO, Japan (Reuters) – Japanese author Haruki Murakami made his first public appearance in his homeland in 18 years on Monday, describing his newest novel, which was an instant-best seller, as a story that takes place in the real world, unlike many of his other novels.

“Colorless Tsukuru Tazaki and His Years of Pilgrimage” has attracted positive reviews, with readers spotting familiar Murakami themes such as people bonding through pain.

Apr 26, 2013

Japan to issue permit to allow Boeing 787 flights-transport min

TOKYO, April 26 (Reuters) – Japan will give the green light
later on Friday for Boeing Co’s 787 Dreamliner to resume
flights, the transport minister said, allowing top customers
Japan Airlines and All Nippon Airways to get the cutting-edge
jet back in the air.

Japan Airlines Co Ltd and local rival All Nippon
Airways account for almost half of the 50 Dreamliners
worldwide that have been grounded since mid-January following
two separate lithium-ion battery incidents in Boston and western
Japan.

Apr 25, 2013

Honda, Mazda poised to expand, but face high costs in build-out

TOKYO, April 26 (Reuters) – Honda Motor Co Ltd and
Mazda Motor Corp are both likely to post near-record
profits this financial year as they take advantage of
export-friendly currency moves, but will face a fresh challenge:
high costs of expansion.

The Japanese carmakers, due to report quarterly profit
figures on Friday, are cranking up the pressure on South Korea’s
Hyundai Motor Co and other foreign rivals.

Apr 22, 2013

Look to Japan’s ageing industrial sprawl for Abenomics roadblock

TOKYO (Reuters) – For a close-up view of where Japanese Prime Minister Shinzo Abe’s economic policies could falter, skip across Tokyo Bay to the sprawling Kimitsu steelworks, once a must-see icon of Japan’s export boom.

By the early 1970s, Kimitsu in Chiba had become the hub of the world’s largest steel operation. It provided the sheet metal for the first wave of Japanese cars sold overseas and the beams to build the first skyscrapers in Tokyo’s Shinjuku district, inspiring Chinese leader Deng Xiaoping on a 1978 visit to build a copycat mill in China.

Apr 22, 2013

Look to Japan’s ageing industrial sprawl for roadblock to Abenomics

TOKYO, April 23 (Reuters) – For a close-up view of where
Japanese Prime Minister Shinzo Abe’s economic policies could
falter, skip across Tokyo Bay to the sprawling Kimitsu
steelworks, once a must-see icon of Japan’s export boom.

By the early 1970s, Kimitsu in Chiba had become the hub of
the world’s largest steel operation. It provided the sheet metal
for the first wave of Japanese cars sold overseas and the beams
to build the first skyscrapers in Tokyo’s Shinjuku district,
inspiring Chinese leader Deng Xiaoping on a 1978 visit to build
a copycat mill in China.

Apr 20, 2013

Japan’s ANA to conduct up to 200 Boeing 787 test flights: sources

TOKYO (Reuters) – All Nippon Airways (9202.T: Quote, Profile, Research, Stock Buzz) (ANA), the biggest customer for Boeing Co’s (BA.N: Quote, Profile, Research, Stock Buzz) grounded 787 Dreamliner, plans about 100 to 200 round trip test flights in May of its repaired aircraft before carrying passengers again from June, sources said.

U.S. regulators approved on Friday a revamped battery system for the Dreamliner, a crucial step in returning the high-tech jet to service after it was grounded in January because its lithium-ion batteries overheated.

    • About Yoko

      "Based in Tokyo since 2007, I have been covering politics in the world's third-biggest economy, as well as Japan's nuclear disaster, energy issues and diplomacy."
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