• Carlos Ghosn’s former aide pleads not guilty as trial starts in Japan

    Carlos Ghosn’s former aide pleads not guilty as trial starts in Japan

    The financial misconduct trial of former Nissan executive Greg Kelly began Tuesday with Kelly saying he committed no crimes and was only trying to keep his star boss Carlos Ghosn from leaving. The charges being heard at Tokyo District Court center around Kelly’s alleged role in failing to report to Japanese authorities the future compensation …
  • Judge rules Carlos Ghosn’s American accomplices can be turned over to Japan

    Judge rules Carlos Ghosn’s American accomplices can be turned over to Japan

    A federal judge on Friday ruled that two Massachusetts men can be legally extradited to Japan to face charges they helped former Nissan Chairman Carlos Ghosn flee the country in a box and on a private jet. US Magistrate Judge Donald Cabell in Boston rejected the arguments against extradition by US Army Special Forces veteran …
  • Cheering China,The Abe Era Ends, The United States might have to start to worry about Japan

    Cheering China,The Abe Era Ends, The United States might have to start to worry about Japan

    Perhaps the timing was coincidental, but in the very week that Shinzo Abe became Japan’s longest-serving prime minister, he resigned. The cause was the same that prematurely ended his first premiership, in 2007: chronic ulcerative colitis. Despite slumping polls, a stubbornly sluggish economy, and a nagging scandal over the 2016 sale of land for a school …
  • Berkshire Hathaway invests $6 billion in five Japanese companies

    Berkshire Hathaway invests $6 billion in five Japanese companies

    Warren Buffett got himself a $6 billion birthday present. The billionaire investor’s Berkshire Hathaway conglomerate revealed Sunday — on the Oracle of Omaha’s 90th birthday — that it bought stakes of slightly more than 5 percent in each of Japan’s top five trading companies. Berkshire said it had amassed long-term investments in Itochu, Marubeni, Mitsubishi, …
  • Japanese Prime Minister Shinzo Abe to Resign for Health Reasons

    Japanese Prime Minister Shinzo Abe to Resign for Health Reasons

    Japanese prime minister Shinzo Abe announced on Friday that he would resign for health reasons, marking the end of his tenure as Japan’s longest-serving leader. Abe was diagnosed with ulcerative colitis as a teenager, and first stepped down one year into his first term in 2006 because of complications from the chronic illness. However, Abe …
  • Japan’s Economy Shrinks at a Record 7.8 Percent

    Japan’s Economy Shrinks at a Record 7.8 Percent

    Japan on Monday reported its worst drop in GDP on record, with its economy shrinking a record 7.8% from April to June as the coronavirus pandemic severely slowed economic activity in the country. The decrease translates to an annual rate of decline of 27.8%, the worst quarter the world’s third largest economy has recorded since …
  • NEC’s new facial recognition system can spot workers with masks on

    NEC’s new facial recognition system can spot workers with masks on

    Japanese electronics giant NEC Corp. has rolled out technology at its Tokyo headquarters that can recognize employees’ faces even when they’re wearing masks. NEC is reportedly using the advanced facial recognition system in an experiment it started Monday that aims to reduce the amount of touching in its offices and stem the spread of the …
  • Men accused of helping plot Carlos Ghosn escape denied bail

    Men accused of helping plot Carlos Ghosn escape denied bail

    US judge said on Friday two Massachusetts men pose too great of a risk of flight to be released on bail given “spectacular” allegations that they helped orchestrate former Nissan Motor Chairman Carlos Ghosn’s escape from Japan. Magistrate Judge Donald Cabell said US Army Special Forces veteran Michael Taylor and his son, Peter Taylor, had …
  • How The Zero Interest Rates Destroyed Japan

    How The Zero Interest Rates Destroyed Japan

    Anyone who has ever been to Japan knows: Japan is special. The country has many strange habits. The Japanese culture is simply different and many peculiarities are hardly understood in the West. But it’s not only the old established traditions that are foreign to us Westerners. Just as disturbing are social developments such as the …
  • Japanese supercomputer ranked as world’s most powerful system

    Japanese supercomputer ranked as world’s most powerful system

    A Japanese supercomputer built with technology from Arm Ltd, whose chip designs power most of the world’s smartphones, has taken the top spot among the world’s most powerful systems, displacing one powered by IBM chips. The Fugaku supercomputer, a system jointly developed by Japanese research institute RIKEN and Fujitsu in Kobe, Japan, took the highest …