Political Veterans For Key Posts In New Cabinet

Political veterans for key posts in new cabinet

NHK has obtained details about who will serve in Japan's new cabinet. The list includes veteran politicians who have served as ministers, apparently reflecting Suga's intention to continue Abe's policies by keeping familiar faces on board.

Aso Taro will remain as Deputy Prime Minister and Finance Minister. He has been in the position since 2012.

Veterans Set For Key Posts In Japan's New Cabinet

Veterans set for key posts in Japan's new Cabinet

Japan is on the cusp of getting a new Cabinet---and NHK is learning details about who will serve in key posts.

Aso Taro will remain as deputy prime minister and finance minister. Health Minister Kato Katsunobu will become chief cabinet secretary.

Japan's Merged Opposition Party Decides Top Posts

Japan's merged opposition party decides top posts

Edano Yukio, the inaugural leader of Japan's newly expanded opposition Constitutional Democratic Party, has revealed his choices for party executive positions.

The original CDP will officially merge with another opposition party, the Democratic Party for the People, on Tuesday.

Japan Posts Largest Gdp Contraction In April-june

Japan posts largest GDP contraction in April-June

Economic analysts are expecting Japan to post growth for its gross domestic product in the July-September period despite a historic downturn in the previous quarter.

Japan's Cabinet Office announced on Monday that GDP shrank at an annualized 27.8 percent in real terms in the April-June period compared with the previous quarter.

Toyota Posts Profit In April-to-june Quarter

Toyota posts profit in April-to-June quarter

Toyota Motor has managed to weather the global financial downturn of the coronavirus pandemic, posting a profit in the latest quarter.

The automaker's earnings report shows the group stayed in the black for the April-to-June period, despite recording a 40-percent decline in sales from a year earlier in yen terms.

Miura Promoted His Dramas In Instagram Posts

Miura promoted his dramas in Instagram posts

Actor Miura Haruma called on people to watch his TV dramas in his final messages on social media. The popular Japanese actor died on Saturday in an apparent suicide.

In the July 10 post on Instagram, Miura wrote about an NHK drama on the theme of World War Two due to air next month. He said he would be happy if people of all generations take interest in the drama and watch it.

Nissan Posts $6.2 Billion Annual Loss And Unveils Plan To Cut Costs

Nissan posts $6.2 billion annual loss and unveils plan to cut costs

TOKYO — Nissan outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.

Under a new four-year plan, the Japanese manufacturer will slash its production capacity and model range by about a fifth to help cut 300 billion yen from fixed costs. It will shut plants in Spain and Indonesia, leave the South Korean market and pull its Datsun brand from Russia as part of a strategy unveiled on Wednesday to share production globally with its partners Renault and Mitsubishi.

Subaru Posts 15.7% Rise In Fill-year Operating Profit

Subaru posts 15.7% rise in fill-year operating profit

TOKYO — Subaru on Monday posted a 15.7% rise in annual operating profit in the fiscal year that ended in March as it recovered from a raft of product recalls last year, but warned that sales of its cars would take a hit from the coronavirus outbreak.

Profit rose to 210.3 billion yen ($1.96 billion) for the year just ended, from 181.7 billion yen a year earlier under international financial reporting standards. It exceeded a consensus estimate of 204.7 billion yen profit drawn from 17 analysts polled by Refinitiv.

Skater Hanyu Posts Video To Support Virus Fight

Skater Hanyu posts video to support virus fight

Japan's top figure skater, Hanyu Yuzuru, has uploaded video of his performances to encourage people coping with the coronavirus pandemic.

The three-part series lasting about five minutes in total was posted on Wednesday on the official Twitter account of the Japan Skating Federation.

Mitsubishi Posts Surprise Quarterly Loss As Car Sales Slip

Mitsubishi posts surprise quarterly loss as car sales slip

TOKYO — Mitsubishi Motors on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and Southeast Asia, as well as a stronger yen. The carmaker posted an operating loss of 6.6 billion yen ($60.2 million) for the October-December quarter, widely missing an average forecast for a profit of 11.6 billion yen, based on analyst estimates compiled by Refinitiv. It was the firm's biggest loss since the July-September 2016 quarter, when a mileage cheating scandal sapped profits. However, Mitsubishi stuck to an earlier forecast for a 73% drop in full-year operating profit to 30 billion yen in the fiscal year ending in March. The automaker's net loss for the quarter just ended came in at 14.4 billion yen. The fall in quarterly sales was worst in China and at home, while sales also slipped in ASEAN countries, traditionally a stronghold, leading to a 16% fall in global vehicle sales to 320,000 units. The automaker also said it would keep some of its offices in China closed through Feb. 9, as a new coronavirus spreads throughout the country and beyond. The automaking alliance of Mitsubishi, Renault and Nissan on Thursday said they had "no other option" but to drastically improve their joint operations to remain competitive in the fast-changing global auto industry.