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Sanyo eyes boost in solar investment

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Taking up herewith Japanese Business Trend News by Media in last week.
Business Trend in Japan will be read via these News.
Interested in "Sanyo eyes boost in solar investment", " No fit for luxury lifestyle in Tokyo costs Versace customers" and etc.
Nov 08 Innovation feeds on growing flux in male looks (Japan Times)
 From their bases on opposite sides of the Pacific, Japanese and American menswear labels have begun to rip up the rule books and reinvent how men think about fashion. Long gone are the days when ostentatious Europeans, such as heavyweights Armani, Gucci and Dior Homme, dominated the industry.
Nov 07 Japan Airlines' survival may hinge on pension cuts (USA Today)
 Five years after retiring from Japan Airlines, former pilot Tsutomu Watanabe is fighting to protect the pension he was promised but that the airline can no longer afford to pay. JAL's pension shortfall, which it estimated at 330 billion yen ($3.6 billion) in March, is threatening to push Asia's largest airline into bankruptcy unless its 9,000 retirees are forced to have their payouts cut, lawyers and analysts said.
Nov 06 Two Japanese trust banks to merge (AFP)
 Sumitomo Trust & Banking Co. and Chuo Mitsui Trust Holdings announced Friday they had agreed on a merger to create Japan's largest trust bank sitting on assets of two trillion dollars. The deal is the latest attempt by Japan's financial firms to adapt to a tough outlook due to the weak economy, ageing society and shrinking population.
Nov 06 Peabody optimistic on Japan coal-price agreements (The Age)
 US COAL company Peabody Energy expects a ''healthy increase'' in coal-price agreements with Japanese buyers this year, driven by surging demand and the strong Australian dollar. The comments from Peabody, which owns a group of mines in NSW and Queensland, set the scene for across-the-board price rises for producers of the country's biggest export.
Nov 06 Sanyo eyes boost in solar investment (Reuters)
 Sanyo Electric Co Ltd plans to ramp up investment in its battery and solar business as the world's largest maker of rechargeable batteries moves closer to being acquired by Japan's Panasonic Corp, a senior executive said in an interview on Thursday. Sanyo's executive vice president, Mitsuru Honma, declined to give an estimate of how much money will be pumped into the business but said a "humongous amount" was needed to grow.
Nov 06 No fit for luxury lifestyle in Tokyo costs Versace customers (Bloomberg)
 Akiko Sayama re-examined her spending habits when the Tokyo staffing agency where she works cut its overtime budget. She lost more than $13,000 in annual pay, so one of the first things she did was curb her tastes for Louis Vuitton and PPR SA's Gucci. Sayama is embracing a frugality that, along with a shrinking population and falling wages, is causing Japan's economy to contract by 5.7 percent this year, according to the median estimate of 17 economists.
Nov 06 Toyota's cost-cutting restores profits (BusinessWeek)
 Toyota (TM) CEO Akio Toyoda called the collapse in auto sales that followed the fall of Lehman Brothers last year a "once-in-a-century" crisis. Yet today, just six months since the Japanese auto giant posted its first annual loss in six decades, Toyota reported today that it eked out $242 million in earnings for the three months from July to September. For anyone concerned about the health of Japan's automakers, Toyota's return to profit is in some ways the most encouraging development.
Nov 06 Panasonic seeking control of Sanyo (Yomiuri)
 Panasonic Corp. hopes to accelerate its plan to become the world's largest electrical appliance maker in 2018 by absorbing Sanyo Electric Co. and its promising solar and rechargeable battery businesses. Panasonic launched a tender offer Thursday for shares of Sanyo to acquire more than 50 percent of them. If successful, Panasonic would make Sanyo its subsidiary. However, the takeover bid was delayed for about eight months from Panasonic's initial plan.
Nov 06 JAL to cut 61 international flights to China, Mexico (Japan Times)
 Struggling Japan Airlines Corp. said Thursday it will cut 61 weekly round-trip passenger flights on 10 international routes and three cargo flights on one route from December to January to help improve business performance. The cut will come in addition to a reduction of 82 weekly passenger flights on 14 international routes and three cargo flights on one route announced earlier for the second half of fiscal 2009.
Nov 05 Huge reductions on JR East year-end tickets in bid to beat toll discounts (Mainichi)
 East Japan Railway Co. (JR East) is offering reduced prices on tickets during the winter holiday season, in an attempt to compete against the expressway toll discount program. JR East lines' round-trip fares from Dec. 26 through Jan. 8 will be discounted by up to 49 percent, the largest-ever price cut by the company, while single fares for bullet trains will be reduced by up to 40 percent for the period between Dec. 30 to Jan. 2.
Nov 05 Japan's music industry realignment (asianewsnet.net)
 Japan's JVC Kenwood Holdings, Inc. is in talks with Konami Corp over the possible sale of its music subsidiary Victor Entertainment Inc, sources said. JVC Kenwood, the holding company of the Victor Company of Japan Ltd and Kenwood Corp, and Konami, a major video game software maker, are expected to reach a deal by the end of the month. Analysts say the realignment of the music industry is likely to pick up speed as conventional sales continue to plunge and the distribution of music through the Internet expands.
Nov 05 JVC Kenwood set to buy Pentax (Yomiuri)
 JVC Kenwood Holdings, Inc. is in talks with Hoya Corp. over the possible acquisition of its digital camera division, known for the Pentax brand, it was learned Wednesday. The holding company of the Victor Company of Japan Ltd. and Kenwood Corp., JVC Kenwood is planning to utilize the video camera technology accumulated by Victor to move into the field of digital cameras. It hopes to reach an agreement with Hoya, a leading producer of optical glass, as early as this month.
Nov 05 In Japan, foreign brands lead in service satisfaction (autonews.com)
 Foreign brands are losing market share in Japan, but as a group they still outclass the far larger local automakers when it comes to customers' satisfaction with the service they receive at dealerships. Import brands on average scored a satisfaction rating of 609 on a 1,000-point scale, beating the domestics' average score of 598.
Nov 04 7-Eleven stores take a Big Gulp... of wine (AP)
 The convenience store chain announced Tuesday it is getting into the value wine business, releasing two low-priced proprietary wines in the United States and Japan. The wines will be released in 15,000 outlets, including 7-Eleven stores in the U.S. and Japan, as well as other subsidiaries of parent company Seven & i Holdings Co., Ltd., an $87.9 billion Tokyo-based corporation.
Nov 04 McDonald's, Uniqlo see brisk sales (Yomiuri)
 Retail businesses pursuing low-price policies have been enjoying remarkably favorable sales in recent months, as exemplified by the operators of McDonald's and Uniqlo. McDonald's Holdings Co. (Japan) on Monday said its sales at outlets in this country, including franchise stores, rose to a record 397.4 billion yen in the January-September period, up 3.3 percent from the same period last year.
Nov 04 Konami set to buy Victor's music business (Yomiuri)
 JVC Kenwood Holdings, Inc. is in talks with Konami Corp. over the possible sale of its music subsidiary Victor Entertainment Inc., sources said Tuesday. JVC Kenwood, the holding company of the Victor Company of Japan Ltd. and Kenwood Corp., and Konami, a major video game software maker, are expected to reach a deal by the end of the month.
Nov 04 Female City bankers sue over sexism claims at Japanese bank Nomura (telegraph.co.uk)
 Two female City workers are suing Japanese bank Nomura for £3million after claiming they suffered sexism from male colleagues who said that women "belong at home cleaning the floors" and commented on another woman's "honkers". Maureen Murphy, 30, and Anna Francis, 37, claim they were hounded out of work by sexist and racist attitudes at the leading investment bank.
Nov 04 Aussie ironman to woo Japanese women (news.com.au)
 World champion ironman Shannon Eckstein is on his way to Tokyo, spearheading a promotion to entice more young Japanese women to visit Australia. Young women will be able to use an online navigator to research and plan their ideal Australian Special Interest Tour experience, then book their adventure.
Nov 03 Year's 1st shipment of Beaujolais Nouveau arrives in Japan (AP)
 This year's first shipment of Beaujolais Nouveau arrived from France at Narita airport east of Tokyo on Tuesday ahead of nationwide sales from Nov. 19. Japan is expected to import about 4.8 million 750-mililiter bottles of the wine, down roughly 30 percent from last year amid the economic downturn, said Suntory Holdings Ltd., one of the importers and distributors of the wine.
Nov 03 Trio of Japanese automakers lift forecasts (AFP)
 Japanese car makers Suzuki, Daihatsu and Fuji Heavy Industries on Monday raised their outlooks for the current financial year in the latest sign of an emerging recovery in the troubled industry. Suzuki Motor said net profit fell 63 percent in the fiscal first half from a year earlier to 12.5 billion yen (140 million dollars), due to weak sales.
Nov 03 Toyota's new U.S. plan: Trim trucks, add hybrids (AutoNews)
 Toyota Motor Corp. President Akio Toyoda is rewriting his U.S. playbook to revive battered sales and a tattered image. The new strategy: -- Review and possibly trim the lineup of full-frame trucks. -- Skip midcycle vehicle enhancements to focus on bigger launches. -- Introduce more hybrids to North America. -- Give U.S. engineers a bigger voice in r&d.
Nov 02 Japan's corporate tax revenue worst for nearly 50 years in 1st half (AP)
 Japan's corporate tax revenue fell into the worst state for nearly 50 years in the first six months of fiscal 2009, hit by the global economic crisis, the Finance Ministry said Monday. The overall figure amounted to minus 1,307.53 billion yen for the April to September period, turning negative for the first time since fiscal 1960, when comparable data became available, the ministry said.
Nov 02 1 vending machine nets ¥1.5 billion for city (Asahi)
 A cigarette retailer is exploiting a legal loophole to earn massive kickbacks from a municipality for drastically increasing its tobacco tax revenue. About 10 people use the vending machine a day at the most. But based on the tax revenue it generates, it is supposedly selling more than 60,000 packs of cigarettes daily, the sources said.
Nov 02 Source: Panasonic-Sanyo deal coming soon (UPI)
 Japan's Panasonic Corp. will launch its tender offer for fellow Japanese firm Sanyo Electric Co. this week, industry sources say. Citing unnamed sources, Japan's Kyodo news agency reported Sunday that Panasonic's leadership is set to make the long-anticipated move now because it has been all but assured of clearing a U.S. antitrust probe.
Nov 02 Japan comes knocking for rare earth, uranium stakes (The Australian)
 The Japanese are increasingly looking to secure further resources supplies in Australia, with a focus on rare earths, to stem the dominance China has on the market. Japanese media have recently reported a high level of awareness in Japan of China's stranglehold on rare earths and, if Japan cannot find alternative supplies, its technology industries could be disadvantaged.
By J.S. on Nov 10, 2009



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