economybusiness
Japan's Golden Week holidays started Saturday, with train stations and airports across the country crowded with people heading to resorts or returning to hometowns. It is almost a year since the country downgraded the threat level of COVID-19 to the same category as seasonal influenza and significantly relaxed health measures that had discouraged people from going out. Over 2.6 million people were booked for domestic flights between Saturday and May 6, almost the same level as the holiday period last year, and 490,000 for international flights, up about 20 percent, airlines said April 19. As f...
Kyodo News
The Japanese unit of Germany's BMW AG and Mitsubishi Fuso Truck and Bus Corp. have launched a joint program in April aimed at training auto mechanics in Japan as part of efforts to address a "severe" labor shortage in the industry. The program, led by the German Chamber of Commerce and Industry in Japan, seeks to provide a platform to train a new generation of mechanics in three years, shorter than the five years usually needed to acquire necessary skills. Under the program, which is based on Germany's dual vocational training system, trainees will sign a contract with the automakers to spend ...
Kyodo News
Japan Airlines Co. said Friday it recently canceled a flight from Dallas to Tokyo after the 49-year-old captain engaged in disruptive behavior while drunk at his hotel in the U.S. city and received a warning from local police. The airline said it decided to cancel Flight 11 to Tokyo's Haneda airport on Wednesday as it needed to check his physical and mental status, but could not find an alternate pilot for the 11:05 a.m. departure. JAL helped 157 passengers transfer to other flights. After arriving in Dallas from Haneda on Monday, the captain had dined with other crew members at a restaurant s...
Kyodo News
The yen weakened to the 157 range against the U.S. dollar in New York on Friday, falling to a fresh 34-year low, after the Bank of Japan kept intact its current monetary easing policy. The Japanese currency was hovering in the upper 155 range before the BOJ announced its policy decision.
Kyodo News
An International Atomic Energy Agency task force confirmed that the discharge of treated radioactive water from the wrecked Fukushima nuclear plant is "progressing as planned," as it wrapped up Friday its latest review on the process. It was the second visit to Japan by an IAEA task force, comprised of IAEA officials and international experts, after the country began releasing the wastewater into the Pacific Ocean last August despite opposition from neighboring countries such as China. The discharge of water from the Fukushima Daiichi plant, crippled in the wake of a massive earthquake and tsu...
Kyodo News
More than 600 students and others got sick after drinking milk provided for school lunches in Miyagi Prefecture, northeastern Japan, on Thursday, a tally by Kyodo News showed Friday. Morinaga Milk Industry Co. said the milk was produced by a subsidiary and was supplied to 258 elementary and junior high schools located in 12 cities and towns in the prefecture. Shipments of the milk were stopped after the incident came to light. In Sendai, capital of Miyagi, 337 students reported stomachache, diarrhea and vomiting, but none are reported to be in a serious condition, according to the local school...
Kyodo News
Japanese space company Astroscale Japan Inc. on Friday unveiled what it calls the world's first publicly released image of space debris taken in proximity. "The unprecedented image marks a crucial step towards understanding and addressing the challenges posed by space debris, driving progress toward a safer and more sustainable space environment," the satellite-servicing company said in a press release.
Kyodo News
The yen briefly surged to the upper 154 range against the U.S. dollar from the upper 156 zone on Friday afternoon in Tokyo. The Japanese currency earlier in the day hit a fresh 34-year low in the upper 156 range, after the Bank of Japan left its monetary policy unchanged following its two-day policy-setting meeting.
Kyodo News
Bank of Japan chief Kazuo Ueda said Friday the central bank does not see any major impact of a weak yen on trend inflation at this point, but it will continue to monitor developments. Speaking at a press conference after a two-day policy-setting meeting, Ueda reiterated that the BOJ would consider a policy change if the weak yen's impact on prices "cannot be ignored." Trend inflation excludes temporary factors. He said an additional interest rate hike will depend on economic data, adding that the BOJ will continue with its government bond buying.
Kyodo News
ANA Holdings Inc. said Friday its net profit rose 75.6 percent to a record 157.10 billion yen ($1.0 billion) in the business year ended March, driven by global tourism growth after the coronavirus pandemic. Sales for the year grew 20.4 percent to 2.06 trillion yen, the parent of All Nippon Airways said. For the current year ending March next year, the company provided a conservative forecast, expecting its net profit to fall 30.0 percent to 110 billion yen on sales of 2.19 trillion yen, up 6.5 percent.
Kyodo News
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