KDDI said it will replace its top executive, who has run the company virtually since its inception from a merger a decade ago, as Japan’s second largest mobile phone carrier by subscribers struggles to compete.
Asian News and Business
KDDI said it will replace its top executive, who has run the company virtually since its inception from a merger a decade ago, as Japan’s second largest mobile phone carrier by subscribers struggles to compete.
Incubator Bank of Japan, a specialist in small business loans, filed for bankruptcy protection Friday, in a case that will invoke the government’s deposit protection scheme for the first time.
SEOUL — South Korea voiced deep regret on Friday over Japan’s renewed claim to the Dokdo islets in the Sea of Japan. The statement, issued by the South Korean foreign ministry, was respon…
The average sea surface temperature around Japan in August hit a record high, exceeding the average in normal years by 1.2 degrees, the Meteorological Agency said Thursday. The previous record was marked in 1994, when the average temperature eclipsed that of a normal year by 0.9 degree, according to the agency
Japan has no choice but to intervene in currency markets to prevent the yen’s strength from decimating the nation’s industry, Barclays Capital said. The yen reached 83.35 versus the dollar Wednesday, the highest since May 1995, threatening the export-led recovery
Japan and India broadly agreed Thursday to form a bilateral free-trade deal that would eliminate tariffs on 94 percent of exports from both countries in 10 years, Foreign Minister Katsuya Okada said. The agreement, reached during the sub-Cabinet-level talks in Tokyo, comes ahead of the planned visit to Japan by Indian Prime Minister Manmohan Singh in late October, which is likely to be an opportunity for the two countries’ leaders to ink the FTA.
Ichiro Ozawa is vowing to raise the share of tax revenues for local governments to close to 50 percent in response to demands by governors, while Prime Minister Naoto Kan has pledged leadership by politicians in moving power out of Tokyo. The Association of Prefectural Governors disclosed Thursday these and other pledges made by the two Democratic Party of Japan presidential candidates when they answered questions by the association ahead of the DPJ’s election Tuesday.
Six former U.S.
Democratic Party of Japan lawmaker Katsuhito Yokokume gets at least 10 calls on his cell phone every day from the Naoto Kan and Ichiro Ozawa camps, asking for his support in Tuesday’s party presidential election. “I don’t recognize some of the phone numbers that are appearing on my screen