U.S. President Barack Obama deeply impressed the Japanese public with the speech he delivered in the world's first atom-bombed city of Hiroshima on May 27. But on his home turf, he is clandestinely pushing a plan to modernize the U.S. nuclear arsenal.
The plan, with its development cost estimated at $1 trillion over the next 30 years, is aimed at downsizing missiles capable of carrying nuclear warheads and improving their mobility with new delivery systems and platforms.
Another month, another Mizuho Bank executive behaves disgracefully—and adds a fresh twist to the ongoing reshaping of the bank's awkward internal balance of power.
This time, the executive's despicable conduct occurred at a party in April, a time of year when many Japanese companies welcome in a new batch of recruits and move employees to other departments. The party was held for Mr. M to celebrate his transfer to the head of Mizuho's Kashiwa branch. However, the party descended into pandemonium as M himself set new standards for how not to behave at an event being held in your name.
If a house is to be made sturdy enough to withstand a major earthquake, it must be built on a solid foundation. This metaphor is analogous to the Japanese public pension system. The system, even though it invests a large amount of money, now stands on a very shaky foundation known as the Government Pension Investment Fund (GPIF).
Sentaku has previously reported on working conditions at branches of Teikoku Databank Ltd. that has the leading market research firm bordering on being a "black company"—a name applied to a company that violates labor laws and exploits its workers. The Labor Standards Inspection Office has launched investigations into conditions at these branches, and now we can reveal that the labor watchdog also recently started inspecting Teikoku Databank's head office in Aoyama, Tokyo.
A scrap over gas stations in Okinawa Prefecture is stirring up trouble in the planned business integration between JX Holdings Inc. and TonenGeneral Sekiyu K.K.
MOL LNG Transport Co., a wholly owned subsidiary of Mitsui O.S.K. Lines Ltd., is having trouble making payments, dealing another blow to the Japanese shipping firm.
Even though issues related to tax havens have made big headlines following the disclosure of the Panama Papers, little attention, if any, has been paid to the fact that the United States is now the world's biggest tax haven.
Indeed, Washington has pursued a strategy of destroying tax havens in such countries as Switzerland, establishing a system to absorb global money into the U.S. and helping U.S.-headquartered multinationals avoid taxes.
Toyota Motor Corp. will make Daihatsu Motor Co. a wholly owned subsidiary in August, but already Toyota's handling of its smaller counterpart has revealed a hefty dose of arrogance.
Distrust of Takata Corp. is snowballing, fueling concerns that the embattled automotive parts maker might not be able to recover from an ongoing scandal regarding faulty airbags it supplied for tens of millions of vehicles.
Who is most to blame for the recent plunge in the stock price of Fast Retailing Co. (operator of the Uniqlo casual clothing store chain)? Investors have likely looked on aghast as Fast Retailing's stock price has fallen by more than half its peak value—previously pegged at more than ¥60,000—in just nine months.
From the time the firm's stock was priced at a record ¥61,970 on the First Section of the Tokyo Stock Exchange on July 30 last year, it has been in decline, finally dipping below the ¥40,000 level on Jan. 7, when a drop in revenue for the first quarter from September to November 2015 was reported.