Trump Sends Letter Of Condolence To Yokota's Widow

Trump sends letter of condolence to Yokota's widow

US President Donald Trump has sent a letter of condolence to the widow of Yokota Shigeru, who died last month without seeing his daughter after her abduction by North Korea decades ago.

Yokota Megumi was abducted in 1977 on her way home from junior high school in Niigata City, on the Sea of Japan coast. Shigeru and his wife Sakie spearheaded efforts by the families of abductees to bring their loved ones back home. He died on June 5 at the age of 87.

Ford, Vw, Honda And Bmw Will Stay Neutral On Challenges To Trump Emissions Rule

Ford, VW, Honda and BMW will stay neutral on challenges to Trump emissions rule

WASHINGTON — Four major automakers will not take a position on legal challenges to the Trump administration's decision to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.

The Trump administration in March finalized rollback of U.S. vehicle emissions standards to require 1.5% annual increases in efficiency through 2026. That is far weaker than the 5% annual increases in the discarded rules adopted under President Barack Obama.

Trump: Virus Guidelines Will Be 'fading Out'

Trump: Virus guidelines will be 'fading out'

US President Donald Trump has indicated that federal guidelines aimed at preventing the spread of the coronavirus will not be extended beyond April.

Trump spoke to reporters on Wednesday, one day before the expiration of the guidelines, which recommend people avoid nonessential outings. He said that the guidelines will be "fading out because now the governors are doing it."

Trump: 2021 Olympics Will Be 'fantastic'

Trump: 2021 Olympics will be 'fantastic'

US President Donald Trump has welcomed the decision to delay the Tokyo Olympics and Paralympics by about one year because of the coronavirus pandemic.

Trump told reporters at the White House on Wednesday that he congratulated Japanese Prime Minister Shinzo Abe over the phone on a wise decision.

Abe, Trump Discuss Postponed Tokyo Games

Abe, Trump discuss postponed Tokyo Games

Japanese Prime Minister Shinzo Abe and US President Donald Trump have discussed the decision to postpone the Tokyo Olympic and Paralympic Games that were scheduled for this summer.

Abe and Trump spoke on the phone Wednesday morning, Japan time, for about 40 minutes. The talks came at the request of Japan's side.

Abe, Trump Hold Teleconference

Abe, Trump hold teleconference

Japanese Prime Minister Shinzo Abe and US President Donald Trump have discussed the decision to postpone the Tokyo Olympic and Paralympic Games.

Abe and Trump spoke on the phone Wednesday for about 40 minutes.

Abe, Trump Denounce Attack On Saudi Oil Facilities

Abe, Trump denounce attack on Saudi oil facilities

Japan's Prime Minister Shinzo Abe and US President Donald Trump have denounced the recent attacks on Saudi Arabian oil facilities, and have agreed to cooperate to help ease tensions in the Middle East.

The agreement came during their meeting that lasted more than one hour in New York on Wednesday. Japan's Foreign Minister Toshimitsu Motegi and US Secretary of State Mike Pompeo joined the meeting.

Abe, Trump Sign Trade Deal In New York

Abe, Trump sign trade deal in New York

Japanese Prime Minister Shinzo Abe and US President Donald Trump have signed a joint statement on a bilateral trade deal in New York.

Japan will open its market to US farm products to a degree not exceeding the scope of the Trans-Pacific Partnership.

Profits Trump Nissan Renault Alliance For Company Says Analysts

Profits trump Nissan Renault alliance for company says analysts

The next head of Nissan Motor Co will need to prioritize a recovery in profits at the troubled Japanese firm ahead of trying to fix its relationship with top shareholder Renault SA, executives and analysts say. Reviving earnings would strengthen the carmaker's hand in negotiations with its French partner, and is something Renault itself would welcome as the owner of a 43.4% stake in Nissan. Japan's second-largest automaker said on Monday CEO Hiroto Saikawa would step down on Sept. 16 after he admitted to being overpaid in breach of company rules. It's another heavy blow for Nissan, which is already reeling from the arrest of former chairman Carlos Ghosn last year and a subsequent plunge in earnings. Its stock is down 20% this year. For Saikawa's yet-to-be-named replacement, the top priority will be lifting profits from a more than decade low. Earnings have been undercut by years of heavy discounts and low-margin sales to rental firms that have cheapened Nissan's brand image. Renault, which has unsuccessfully sought a full-blown merger with its larger partner, is likely to give the Japanese firm time to focus on its turnaround, a Nissan executive said. "It goes without saying recovery is the biggest priority," the executive said, declining to be identified because the information is not public. "We have Renault's understanding on that." Tensions in the Nissan-Renault partnership worsened after Ghosn's arrest. He is awaiting trial in Tokyo on financial misconduct charges that he denies. The strain has sparked investor concern about the future of the Franco-Japanese automaking alliance at a time when car companies desperately need scale to keep up with sweeping technological changes like electric vehicles and ride-hailing. Nissan executives have long complained about their unequal partnership with Renault, which saved the Japanese firm from bankruptcy in 1999. Nissan holds a 15% stake in Renault, but without voting rights. Tokyo is also seen as being uneasy about the French government's 15% holding in Renault, which makes Paris an indirect shareholder in Nissan. "Profitability is likely to remain under pressure and it (Nissan) is unlikely to promptly reach an agreement with Renault over the future shape of the alliance," analysts at Standard & Poor's said in a note. Tensions worsened when Renault tried to in vain to merge with Nissan and then Fiat Chrysler. Both Renault Chairman Jean-Dominique Senard and the French government may now have to hold off on their expressed desire for stronger ties with Nissan. "It's also in the French government's interest for Nissan to improve its bottom line," Janet Lewis, head of Asia transportation research at Macquarie Securities. "Renault's share price is going to benefit much more from a healthy Nissan than any kind of merger agreement." COO Yasuhiro Yamauchi will take over from Saikawa next week on an interim basis as a newly created nominations committee will recommend a successor by the end of October. Possible candidates include Nissan veteran Jun Seki, and Makoto Uchida, who currently head's the automaker's China operations. Two key tasks for the new CEO will be to see through Nissan's recovery strategy in the United States, where it is trying to stop flooding the market with discounted cars, and execute plans announced by Saikawa in July to cut excess production at its global plants. Saikawa on Monday suggested that his plan to improve U.S. profit by producing higher-quality cars while weaning dealers off of sales incentives was already paying off, and that signs of recovery would be evident at first-half results next month. The new CEO will also oversee a cut of around one-tenth of Nissan's global workforce - its deepest job cuts since 2009 - and slash production capacity, shuttering underutilized plants built as part of Ghosn's aggressive growth strategy in 2011 to grab 8% global market share. While steep, the challenges facing Nissan now are different from 1999, said Macquarie's Lewis, referring to the time when Renault rescued the automaker from the brink bankruptcy and dispatched Ghosn to overhaul the Japanese company. "Nissan has a very strong balance sheet, it has a very profitable business in China. They have some problems in the U.S. but they're not insurmountable," she said. "This is not a 1999 situation where Nissan needs to be rescued."

Trump, Abe Agree On Bilateral Trade Deal

Trump, Abe agree on bilateral trade deal

US President Donald Trump says he and Japan's Prime Minister Shinzo Abe have agreed on a basic trade deal. He expects the trade agreement with Japan to be signed next month.

Abe and Trump held talks in France on Sunday on the sidelines of the Group of Seven summit. They reportedly discussed the broad agreement reached at the ministerial trade talks in Washington, and the schedule for the conclusion of the new trade deal.

Abe, Trump Hold Talks In France

Abe, Trump hold talks in France

Japanese Prime Minister Shinzo Abe and US President Donald Trump held talks in France on Sunday. They are believed to have discussed bilateral trade negotiations and other issues.

The two leaders met for the first time since June on the sidelines of the Group of Seven summit. They have now held a total of 13 meetings.