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Toyota puts ads in U.S. papers

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Pick up herewith Business News by Media regarding Japan.
Economical situation is not so good like US and/or EU.
Interested in "Financial squeeze for students", "Toyota puts ads in U.S. papers", "Megabanks embrace Internet banking" and etc.
Feb 21 New contender makes entrance into cutthroat clothing market (Mainichi)
 New apparel firm I.T.'S international opened its first store on Friday in Tokyo's Harajuku fashion district. I.T.'S international was founded in April last year by the Teijin Group, Kurabo Industries and four other apparel-related companies, to compete against casual wear brand Uniqlo and manufacturers from Europe and the United States.
Feb 21 Financial squeeze for students (Japan Times)
 Toyota President Akio Toyoda, known as "the prince" in Japan, was groomed for years to head the automaker his grandfather founded. His appointment in 2009 was full of promise - a morale booster for the rank and file who expected that a youthful Toyoda in the hot seat would help steer the carmaker through a brutal slump in the global auto market.
Feb 20 Willcom badly bruised in phone-system battle (Yomiuri)
 Intense competition from cell phone companies and falling demand for PHS (personal handyphone system) services were among the factors that forced Willcom Inc. to file for court-led bankruptcy protection. PHS phones offer a stripped-down cellular service with fairly low charges, but many consumers prefer a wider range of functions. Willcom had racked up major debts investing in a next-generation PHS system--a move seen as a last-ditch bid by the major telecommunications firm to save its skin.
Feb 20 Toyota puts ads in U.S. papers (Yomiuri)
 Toyota Motor Corp. took out full-page advertisements in major U.S. newspapers Thursday, pledging its commitment to customers in response to a rising uproar over the massive vehicle recall. In the ads, titled "Our Commitment to Customers" and published in newspapers including The Wall Street Journal, the automaker said it plans to operate in a more open and transparent way, including being more receptive to customers' opinions. It was the third time Toyota has published full-page ads since January.
Feb 19 Japanese mobile firm goes bankrupt (AsiaOne)
 Japanese low-cost mobile telephone operator Willcom Inc. went bust Thursday with debts of about 2.3 billion dollars - the country's second high-profile bankruptcy in less than a month. Willcom, which offers no-frills, low-cost mobile telephones but has never really posed a serious challenge to its bigger rivals, filed for protection with the Tokyo District Court under the corporate rehabilitation law.
Feb 19 Roving pushcart vendors making comeback on Tokyo streets (Yomiuri)
 Vendors pulling two-wheeled carts selling items including vegetables on the streets have become a common sight in Tokyo. Recently, contrary to expectations that such vendors are a holdover from the Showa era (1926-1989), I have been struck by the number of young people working as pushcart vendors. It seems there are also some people who have started their own pushcart businesses. Last year, Tsukiji Noguchiya, a Chuo Ward, Tokyo-based firm which sells tofu and yuba bean skim, received an average of 80 applications a month for jobs as pushcart vendors.
Feb 19 Megabanks embrace Internet banking (Yomiuri)
 The nation's three megabank groups, which own a vast network of banking outlets, are embracing Internet banking. In their efforts to compete with banks that specialize in Internet-based banking, the megabanks reward customers who use such banking services with lower commission charges and allow them to manage several accounts at once. Meanwhile, banks are trying make Internet banking easier. Mizuho Bank's membership-based Mizuho Mileage Club allows customers to view a variety of items online, not just transactions with the bank, but stock and credit card details and the balance of their air miles, among others. Lottery tickets can be bought online and winnings collected online.
Feb 19 Chinese tourists to Japan on the rise (Channel NewsAsia)
  Japan is one of the few Asian countries that does not celebrate the Lunar New Year. But with department stores suffering from falling sales, businesses are starting to attract the holiday crowds from neighbouring countries. Japan used to be rather unaccommodating towards foreign tourists, but over the past few years, the country has begun to implement various tourist services and support to boost sales. Returning five per cent consumption tax to foreign shoppers is a service provided at most department stores in Tokyo.
Feb 18 High rice prices feed Japan's farming woes (Asia Times)
 Japanese agriculture is in a freefall decline. In the years between 1960 and 2005, the share of agricultural output in gross domestic product (GDP) dropped from 9% to 1%, the food self-sufficiency ratio from 79% to 41%, and agricultural land, indispensable for food security, from 6.09 million hectares to 4.63 million hectares. Meanwhile, the ratio of part-time farm households, which derive more than half their income from non-farm employment, increased from 32.1% to 61.7%.
Feb 18 Here comes the electric Nissan Leaf (CNN)
 Carlos Ghosn -- in shirtsleeves -- walks briskly into a conference room on the 21st floor of Nissan's global headquarters in Yokohama, Japan. Awaiting his arrival are 15 executives in two ranks of chairs. Subject of the meeting: how to spread the news about Ghosn's pet electric-car project. His communications staff wants a traditional publicity campaign to build excitement, but Ghosn (rhymes with "phone") has other ideas. He believes that Nissan has a headstart over the rest of the industry -- and he doesn't want to tip his hand.
Feb 18 Some in U.S. spring to Toyota's defense (Yomiuri)
 While U.S. public criticism of Toyota Motor Corp. remains strong over the company's handling of motor vehicle defects, there also is a growing move here to defend the automaker, with governors of states home to Toyota plants sending letters supporting the automaker to the federal government and Washington lawmakers, and some local media warning against "Toyota bashing." Lying behind the rising support for Toyota is the fear of possible serious blows to regional economies, where Toyota plants generate a large number of jobs.
Feb 17 Kit Kat takes on Japanese tastes (independent.co.uk)
 Nestle has given one of the most popular and long-established chocolate bars in the world a uniquely Japanese make-over. Kit Kat bars are now available in 19 new flavours that reflect specialities from regions across Japan, ranging from sweet potatoes from Okinawa to melons from Hokkaido, strawberries from Tochigi, green tea from Kyoto and soy sauce from Tokyo.
Feb 17 Four major U.S. airlines seek new Japan service (Reuters)
 Delta Air Lines, the world's biggest airline, and three other U.S. carriers sought permission on Tuesday from regulators to boost its Asia service with flights to Tokyo's Haneda airport. Applications to the U.S. Transportation Department to gain authority for up to four daily flights were also filed by United Airlines, a unit of UAL Corp; American Airlines, a unit of AMR Corp; and Continental Airlines Inc.
Feb 17 2-meal daytime hotel deals proving hit (Yomiuri)
 Hotel packages featuring two meals but no overnight accommodation have been growing in popularity since autumn. Such plans are taking off among people who are keen to enjoy their holidays without traveling to distant locations and who would rather enjoy a hotel's facilities for several hours without staying the night. For example, Hakone Kowakien Yunessun Inn, a hotel in Hakonemachi, Kanagawa Prefecture, offers a two-meal daytime plan for 6,500 yen per person for a room that usually costs 15,000 yen as part of a two-meal, overnight-stay package. The deal also includes admission to an open-air bath at an adjacent spa theme park, Hakone Kowakien Yunessun.
Feb 17 Lawsuits against Toyota increase sharply in U.S. (Yomiuri)
 Following Toyota Motor Corp.'s massive recall of its vehicles, there has been a steep increase in the number of lawsuits filed against the automaker in the United States, with suits seeking damages for injury or for the depreciated value of the recalled Toyota vehicles. As of Sunday, the number of lawsuits had reached nearly 60. As it is common for courts in the United States to order hefty sums of compensation, the latest development may pose a serious threat to Toyota.
Feb 17 MMC plans ¥800,000 fuel-stingy compact (Japan Times)
 Mitsubishi Motors Corp. is considering setting the price of its new fuel-efficient compact car at around ¥800,000, well under the roughly ¥1 million for the lowest-priced cars now available on the market, sources said. The automaker is planning to build the car, which is set for release next year, at low-cost plants in Thailand and China and to supply it to carmaker PSA Peugeot Citroen, which is looking to forge capital ties with Mitsubishi Motors, for sale under the French automaker's nameplate, the sources said.
Feb 17 Toyota to cut U.S. output further after recalls (Reuters)
 U.S. regulators on Tuesday opened an investigation into whether Toyota Motor Corp acted in a timely way to recall cars for acceleration problems, and the automaker moved to slow its U.S. production to avoid a costly ballooning of inventories. The National Highway Traffic Safety Administration said it had requested production data, consumer complaints and other documents expected to shed light on how and when Toyota learned of problems affecting about 6 million vehicles it has recalled in the United States.
Feb 15 Japan probes Apple's iTunes over bogus credit bills (AFP)
  Japanese authorities plan to summon Apple officials this week over complaints that its iTunes online store has billed customers for downloads they never made, officials said Monday. In at least 95 cases in Japan involving five major credit card companies, iTunes customers said they had sometimes been charged thousands of dollars, they said. Japan's industry and communications ministries have joined the investigation and are looking into whether personal data has been stolen. They have advised customers to carefully check their bills and report any suspicious orders.
Feb 15 Executive payments under scrutiny (Asahi)
 Listed companies and other major firms paying executives 100 million yen ($1.1 million) or more per year will have to disclose their remuneration under new rules drafted by the Financial Services Agency. Besides executives' names and pay packages, the businesses would have to report the forms in which payments were made and how the amounts were decided, the agency said. The new disclosure rules are aimed at providing greater oversight to shareholders and investors, agency officials said.
By J.S. on Feb 25, 2010



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