As the currency flowed to a 14- year high against the dollar last year, Japanese exporters are becoming more flexible to the stronger yen. As long as the yen trades at 92.90 per dollar, the firm gains profit, shared the Cabinet Office in Tokyo. That’s more convincing than the coping points of 97.33, they provided last year.
The Department of Work and Pensions has picked Fujitsu in a multi billion pound procurement deal, run in association with Buying Solutions to sort out its desktop computers, even though the company faces a ballot of union members to end its long-running dispute with the Unite union.
The two deals valued at £4.5bn have no value put on the DWP's share of the pot.
Fujitsu beat off competition from Cap Gemini and HP Enterprise Systems and ousted EDS, now owned by HP. The hosting contract with EDS has been renewed by DWP.
Official reports have confirmed that on Monday, Japanese beer manufacturers Kirin Holdings and Suntory ended their plans of coming together to create one of the world's biggest food and beverage manufacturing company, and the reason given has been that there are marked differences over governance and a merger ratio.
The announcement has managed to knock Kirin's shares down by 5%.
Olympus Pen E-PL1 camera for all types of user was recently released by Olympus. This model will be available from March with a price of $600 as a kit; model is a perfect example of one-size-fits-all camera. A little less wide than the E-P2, E-PL1 is Olympus's third Micro Four-Thirds System camera and comes as the cheapest and most beginner-friendly camera in the Micro Four-Thirds stable. It has a unique feature of E-PL1 is that it is Interchangeable-Lens Camera with Training Wheels.
It has been reported that the first shipment of the nuclear waste which is highly radioactive has left for Japan from Sellafield. The nuclear waste is actually a by – product of the nuclear fuel that was spent by the Japanese reactors. It was sent to Britain in the years between 1980s and 1990s for reprocessing.
It has been reported that the first shipment of the nuclear waste which is highly radioactive has left for Japan from Sellafield. The nuclear waste is actually a by - product of the nuclear fuel that was spent by the Japanese reactors. It was sent to Britain in the years between
1980s and 1990s for reprocessing.
A delicate and fragrant herb with a long history of use in natural medicine has now been found to suppress inflammation claims the Japanese researchers, and this herb is thyme.
The oil of thyme is used in mouthwashes to treat inflammations of the mouth, and throat infections. It is a common component of cough drops. In addition, it benefits in curing topical fungal infections and convulsions
Sony has claimed an indefinite delay to the much awaited Japanese launch of Gran Turismo 5 (GT5), the latest instalment of a massively complex and popular driving simulation game thought to have cost more than $60 million (£37 million) to develop.
Sony has revealed that a new date will be determined, but not now. The wait for GT5 has been very large looking at its first announcement in H1 2006.
Japan Airlines Corp., the biggest carrier in Asia, may shed 15,600 jobs, which accounts for a third of its workforce as it enter bankruptcy as soon as January 19.
JAL’s workforce will be slashed to around 36,000 by March 2013.
Under the court-led restructuring plans, which will be put into action by the state-backed Enterprise Turnaround Initiative Corp, the layoffs will be coupled with cuts in wages & benefits.
As per estimates, JAL’s liabilities surpassed its assets by over 860 billion yen (equivalent to $9.5 billion).
Asia's biggest carrier Japan Airlines Corp. could fall into bankruptcy as soon as January 19, shedding up to 13,000 jobs that accounts for about a third of the airline's workforce.
The Enterprise Turnaround Initiative Corp., the state group leading the airline's rescue efforts, will put the plan into action within days to allow the airline to go for a court-led restructuring.
But, JAL's fall into bankruptcy may complicate takeover talks with American Airline and Delta Airlines.
As confirmed by Japan's third largest banking facility Sumitomo Mitsui Financial Group, it is looking to raise up-to $9.7 Billion in a shares issue, in order to effectively meet the new global regulations, as well as expand overseas.
SMFG is the latest name to join the brigade of giant Japanese lenders who are tapping a modest stock rebound for the much required fund-raising which would help them sail through the financially difficult times. Just last month, leader of the lending sector Mitsubishi UFJ Financial Group had raised 1 Trillion Yen in issues.
Japan Airlines saw a ray of light in the darkness when the Japanese government agreed to double the offer of state-funded credit to Japan Airlines (JAL) to 200bn yen.
The company is at an all time low and struggling as it reported a loss in four of the past five years. After a meeting of all the ministries, Deputy Prime Minister Naoto Kan, Transport Minister Seiji Maehara and other ministers agreed for extra funding.
Japan Airlines Corp., the biggest Asian carrier by sales, may seek bankruptcy protection as proposed by a government-affiliated agency.
People familiar with the matter said that the Enterprise Turnaround Initiative Corp of Japan has suggested that bankruptcy would be the best option for the struggling airline.
JAL is burdened with a heavy debt of $15 billion and has been facing $3.6 billion pension shortfall. It had requested for a bailout from the ETIC earlier in October.
Japan's seasonally adjusted unemployment rate increased from 5.1 percent in October to 5.2 per cent in November, while consumer price index suffered a year-on-year drop of 1.7 per cent during the same month, smashing hopes of smooth economic recovery.
Figures released by the Ministry of Internal Affairs & Communications revealed that the number of unemployed jumped over 29 per cent from a year ago period to settle at 3.3 million.
At the same time, the number of new jobs offered to applicants dipped 13.8 per cent.