Yoko's Feed
Mar 13, 2013

Japan Inc to pay bigger bonuses, cautious on higher base wages

TOKYO, March 13 (Reuters) – Japanese exporters will hand out
bigger bonuses for the next fiscal year as Prime Minister Shinzo
Abe’s policies drive the yen to multi-year lows, with Toyota
Motor Corp declaring its largest bonus payout since the global
financial crisis.

However, major companies including Toyota and
Panasonic Corp kept base salaries unchanged in the year
ending March 2014.

Mar 5, 2013

Toyota readies executive reshuffle, aims for rapid response culture

TOKYO, March 5 (Reuters) – Toyota Motor Corp will
reshuffle its top executives as soon as this week, people
familiar with the plan say, as President Akio Toyoda tries to
dismantle a regimented decisionmaking hierarchy at the world’s
top-selling automaker.

Toyoda, who took the top job at the firm in 2009, has
slashed the number of board directors and given more power to
executives in key markets outside Japan as part of his effort to
refocus the company on quality and manufacturing flexibility
after a series of crises.

Feb 27, 2013

In Japan, idled Dreamliner pilots lose pay, but want plane to be safe

TOKYO (Reuters) – Their smart uniforms are mothballed, their income has fallen and some are getting under their wives’ feet at home.

The grounding of Boeing Co’s global fleet of 787 Dreamliner passenger jets due to undiagnosed battery problems is taking its toll on the hundreds of pilots specially trained to fly the high-tech, fuel efficient plane.

Feb 8, 2013

Nissan outlook defies optimism among Japan carmakers

TOKYO, Feb 8 (Reuters) – Nissan Motor Co bucked the
optimistic trend among Japanese carmakers reporting quarterly
earnings, leaving its annual profit forecast unchanged as
sluggish sales weighed on its bottom line while others got a
boost from a weakening yen.

The cheaper yen is improving the competitiveness of cars
made by Nissan, Toyota Motor Corp, Honda Motor Co Ltd
and other Japanese brands when exported to key markets
such as the United States, and adding to pressure on their South
Korean rivals.

Feb 6, 2013

Mazda, Fuji Heavy lead Japan carmakers as yen weakens

TOKYO, Feb 6 (Reuters) – Among Japanese carmakers, Mazda
Motor Corp and Fuji Heavy Industries Ltd are
best placed to benefit from the weakening yen, raising their
earnings forecasts as exported goods bring in more cash.

Mazda makes 71 percent of its vehicles in Japan and exports
about 80 percent of them, while Fuji Heavy makes about
three-quarters of its cars at home, shipping about 67 percent of
those.

Feb 5, 2013

Toyota banking on weak yen, better U.S. sales for profit boost

TOKYO, Feb 5 (Reuters) – Toyota Motor Corp lifted
its annual profit guidance, banking on stronger sales in its key
U.S. market and a boost from a weaker yen, which put its
Japanese manufacturing in the black for the first time in five
years.

But the world’s best-selling automaker, which shipped a
record number of cars last year, said it would not build any new
factories over the next three years despite the pickup in its
fortunes, after it was burned in the financial crisis.

Feb 5, 2013

Toyota lifts annual profit forecast on soft yen, strong U.S. sales

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) lifted its annual profit guidance, banking on stronger sales in its key U.S. market and a boost from a weaker yen, which put its Japanese manufacturing in the black for the first time in five years.

But the world’s best-selling automaker, which shipped a record number of cars last year, said it would not build any new factories over the next three years despite the pickup in its fortunes, after it was burned in the financial crisis.

Feb 4, 2013

Insight: Electric cars head toward another dead end

TOKYO/DETROIT (Reuters) – Are electric cars running out of juice again?

Recent moves by Japan’s two largest automakers suggest that the electric car, after more than 100 years of development and several brief revivals, still is not ready for prime time – and may never be.

In the meantime, the attention of automotive executives in Asia, Europe and North America is beginning to swing toward an unusual but promising new alternate power source: hydrogen.

Feb 4, 2013

Electric cars head toward another dead end

TOKYO/DETROIT, Feb 4 (Reuters) – Are electric cars running
out of juice again?

Recent moves by Japan’s two largest automakers suggest that
the electric car, after more than 100 years of development and
several brief revivals, still is not ready for prime time – and
may never be.

Jan 31, 2013

Honda bets on yen, new U.S. models to cushion China sales slump

TOKYO (Reuters) – Honda Motor Co Ltd (7267.T: Quote, Profile, Research, Stock Buzz) is betting on a weaker yen and a rollout of new models in the United States to boost car sales after unexpectedly trimming its annual net profit forecast on poorer-than-expected demand in China and Europe.

Honda said the outlook for China remained murky after Japanese brands saw sales plunge in the world’s second biggest economy late last year when anti-Japan sentiment flared. The euro zone’s grinding debt crisis also crimped car purchases.

    • 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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