News

    Toyota Stays Mum on Possible Fuel Cell Vehicle Deal With GM

    Speculation is mounting that the two top automakers on both sides of the Pacific are going to cooperate to build cars powered by fuel cells. And, in the skies, Japan's flag carrier has returned to profitability but is losing its leader because of a bumpy safety record. Those are among the stories in this week's look at Japanese business news.

    Japan and America's top automakers are staying mum amid intense speculation the two companies will soon announce a partnership to build vehicles partially powered by fuel cells.

    Toyota and General Motors reportedly have been collaborating on alternative fuels research for more than five years. But Toyota President Hiroshi Okuda says there is nothing specific to announce yet.

    Mr. Okuda says while Toyota may offer technology to GM, it is not thinking of working together with the American rival on building hybrid cars.

    The Toyota president also announced a record fourth quarter profit of $2.8 billion with sales growth of more than four percent. For the full fiscal year, net income grew less than one-percent to total $11 billion.

    A GM affiliate, Suzuki Motors, has reported record group sales and profits. The automaker says its group net profit for the fiscal year that ended in March jumped 38 percent and sales were up 7.6 percent. But, Suzuki expects its group net profit to fall nearly 21 percent to about $460 million this year, as it increases its investment and research costs.

    Japan's economy continues its gyrations on the road to recovery. The Cabinet Office says a key gauge for the economy was above the boom-or-bust line in March for the first time in two months. The Index of Coincident Economic Indicators rose from 30 percent in February to nearly 67 percent in March. But the government warns that the index is likely to fall below 50 percent again when the April numbers are tabulated.

    Despite returning his company to profitability, the chairman of Japan Airlines is resigning. Isao Kaneko's resignation comes after a series of safety-related incidents involving JAL aircraft, which have drawn reprimands from the country's Transport Ministry. The airline has also made an unusual announcement that the recent problems likely come from putting too much emphasis on punctuality.

    Mr. Kaneko leaves with his airline reporting an annual profit of more than 285 million dollars after a loss of about $850 million the previous year.

    The latest rankings for economic competitiveness find Japan in 21st place, up two positions from last year. But that is still far below where it was in the early 1990s, when it was the top-ranked nation. The World Competitiveness Yearbook, compiled by a Swiss business training center, has the United States retaining this year's top spot, followed by Hong Kong and Singapore.


    Steve Herman

    Steve Herman is VOA's Senior Diplomatic Correspondent, based at the State Department.

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movementi
    X
    July 22, 2016 11:49 AM
    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.
    Video

    Video Wall Already Runs Along Parts of US-Mexico Border

    The Republican Party’s presidential nominee, Donald Trump, gained the support of many voters by saying he would build a wall to keep undocumented immigrants and drugs from coming across the border from Mexico. Critics have called his idea impractical and offensive to Mexico, while supporters say such a bold approach is needed to control the border. VOA’s Greg Flakus has more from the border town of Nogales, Arizona.
    Video

    Video New HIV Tests Emphasize Rapid Results

    As the global fight against AIDS intensifies, activists have placed increasing importance on getting people to know their HIV status. Some companies are developing new HIV testing methods designed to be quick, easy and accurate. Thuso Khumalo looks at the latest methods, presented at the International AIDS conference in Durban, South Africa.
    Video

    Video African Youth with HIV Urge More Support

    HIV, the virus that causes AIDS, is the top killer of teens in sub-Saharan Africa. But many youths say their experience with the virus is unique and needs to be addressed differently than the adult epidemic. VOA South African Correspondent Anita Powell reports.
    Video

    Video Poor Residents in Cleveland Not Feeling High Hopes of Republican Convention

    With the Republican Party's National Convention underway in Cleveland, Ohio, delegates and visitors are gathered in the host city's downtown - waiting to hear from the party's presidential candidate, Donald Trump. But a few kilometers from the convention's venue, Cleveland's poorest residents are not convinced Trump or his policies will make a difference in their lives. VOA's Ramon Taylor spoke with some of these residents as well as some of the Republican delegates and filed this report.
    Video

    Video Pop-Up Art Comes to Your Living Room, Backyard and Elsewhere

    Around the world, independent artists and musicians wrestle with a common problem: where to exhibit or perform? Traditional spaces such as museums and galleries are reserved for bigger names, and renting a space is not feasible for many. Enter ArtsUp, which connects artists with venue owners. Whether it’s a living room, restaurant, office or even a boat, pop-up events are bringing music and art to unexpected places. Tina Trinh has more.
    Video

    Video With Yosemite as Backdrop, Obama Praises National Parks

    Last month, President Barack Obama and his family visited some of the most beautiful national parks in the U.S. Using the majestic backdrop of a towering waterfall in California's Yosemite National Park, Obama praised the national park system which celebrates its 100th anniversary this year. He talked about the importance of America’s “national treasures” and the need to protect them from climate change and other threats. VOA’s Julie Taboh reports.
    Video

    Video Counter-Islamic State Coalition Plots Next Steps

    As momentum shifts against Islamic State in Iraq, discussions are taking place about the next steps for driving the terrorist group from its final strongholds. Secretary of State John Kerry is hosting a counter-IS meeting at the State Department, a day after defense ministers from more than 30 countries reviewed and agreed upon a course of action. VOA Pentagon correspondent Carla Babb reports.
    Video

    Video Russia's Participation at Brazil Olympic Games Still In Question

    The International Olympic Committee has delayed a decision on whether to ban all Russian teams from competing in next month's Olympic Games in Brazil over allegations of an elaborate doping scheme. The World Anti-Doping Agency recently released an independent report alleging widespread doping by Russian athletes at the 2014 Winter Olympics in Sochi. So far, only Russian track and field athletes have been barred from the Summer Games in Brazil. VOA's Zlatica Hoke has more.
    Video

    Video Scotland’s Booming Whisky Industry Fears Brexit Hangover

    After Britain’s vote to leave the European Union, Scotland’s government wants to break away from the United Kingdom – fearing the nation’s exports are at risk. Among the biggest of these is whisky. Henry Ridgwell reports on a time of turmoil for those involved in the ancient art of distilling Scotland’s most famous product.
    Video

    Video Millennials Could Determine Who Wins Race to White House

    With only four months to go until Americans elect a new president, one group of voters is getting a lot more attention these days: those ages 18 to 35, a generation known as millennials. It’s a demographic that some analysts say could have the power to decide the 2016 election. But a lot depends on whether they actually turn out to vote. VOA’s Alexa Lamanna reports.

    Special Report

    Adrift The Invisible African Diaspora