Tag Archive
Japan’s Toshiba plans to cut costs
The recession hit economy of the country has taken its toll on many of the giants from all the sectors. The companies have been looking at chalking out effective cost cutting techniques and methods, including handing pink slips, cutting production, shutting units and reducing incentives of the top officers. The latest to join the... »
Japan’s GDP shrinks 15.2%
Japan’s economy shark at the fastest pace in nearly 14 years, since 1955, by almost 15.2 per cent as its exports plunged sharply. Many of the Japanese countries, from all sectors of the market, slashed their production due to slump in global demand, shut factories, cut its workforce in their attempt to come up with... »
Japan factory output dives 9.4% in February
According to the Japan’s the trade and industry ministry statement on Monday, the country’s factory output and auto production plunged 9.4 percent in February from the previous pledge month. This was the fifth straight faliure for the Japan’s industrial output as the companies drastically slashed their production to cope with the ragging recession in... »
Japan contemplates expanding ‘green business’ market
The Japanese environment ministry has announced that the country is aiming to develop ‘green business’ by 2020 and creating a million new job opportunities in the process. This move comes in wake of the global meltdown and slowdown. “The worldwide trend is to kill two birds with one stone by investing in action against global... »
Honda pulls out of Formula One
Japanese automaker Honda has pulled out of Formula One, citing a slowdown in the global economy. Honda’s CEO Takeo Fukui stated that the deteriorating world economic conditions led him to take on this decision. The Honda team, with an operational budget of around $294 million, finished ninth in the constructors’ standings last season with... »
