Japan

Sharp, Foxconn in buyout talks that could reach $5.5 billion

Sharp Corp board has gathered today to weigh the bidding offers. The competition is between the Taiwanese electronics giant, Foxconn and the Japanese government-backed establishment, Innovation Network Corporation of Japan. While ICNJ has always been the favoured choice, Foxconn is giving it a stiff competition by way of doubling the offered price along with debt pay-offs and retention of management and employees.

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Nestle Japan Launched New Kit Kat Flavor, Kit Kat Sake

The product will hit the stores in early February, just in time for Valentine's Day. Kit Kat Sake is expected to be a worldwide sensation just like Nestle Japan's Kit Kat Green Tea. Kit Kat bars are particularly popular in Japan because the brand sounded like the Japanese for 'you will surely win'.

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Toyota plans to take over the rest of Daihatsu

Toyota Motor is seriously contemplating a buyout of Daihatsu Motor Co., which would give the company direct access to Daihatsu’s 660 cc mini vehicles. This investment would fetch Toyota great returns in the emerging markets and also enable leveraging of the low-cost production model that has long been Daihatsu’s competitive advantage.

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Ford Motor exits Japan, Indonesia as well

Ford Motor has announced on Monday that they would be exiting the Japanese and Indonesian markets by the end of this year as the governments are running a very "closed" market, protecting domestic sales over the international ones. The automaker has been unable to increase their sales or sustain profits under such circumstances. They said that the employees have already been informed and they would be providing detailed explanations regarding post-sale services like servicing and providing new car parts to its customers very soon.

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China's Foxconn overrides Japan's Innovation Network Corp. over Sharp bid

Foxconn has put forth a highly tempting offer of over $5 billion in front of the almost-bankrupt Sharp Corp, which well exceeds its current valuation at $1.8 billion. The other potential buyer, Innovation Network Corp. of Japan, who was already very confident, is not so sure of a win right now. Foxconn's bid amount not only surpasses Innovation's $2.5 billion, the Taiwanese firm has also offered to absorb all of Sharp's debts and not make any top management replacements. While the board does not want their Japanese seller to fall under any kind of foreign control, the decision needs to be based purely on deal economics and not political considerations.

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Japan approves 85,550 MW renewable energy project, bulk from solar power

Japan gave the go signal for the 2012 clean energy projects that could produce up to 85,550 megawatts of renewable power, the bulk of which is from solar energy.

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Itochu Partners with Kyudenko to Build 21 MW Solar Power Station in Japan’s Saga Prefecture

21MW Solar Power Station will be built in Saga Prefecture by two leading Japanese company. Solar power becoming an important national project since the country’s shift in policies after Fukushima in 2011 to solar energy

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Japan will aid Panama to build monorail

The project could start as soon as this year and is estimated to be completed in 2022. The transportation project would established Central America's first monorail.

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Great Wall Motor car manufacturer launched R&D office in Japan

The company aims to establish other R&D offices overseas, especially in the United States and Europe. By doing that, they strive to deliver better quality and technology that could enter globat markets.

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JPMorgan alerts Japan Inc to brace up for ¥100/USD

JPMorgan Chase & Co has alerted Japan Inc to gear up for the surge in Yen against the US dollar. JPMorgan Chase forecast Yen will reach 100 yen against a US dollar. However, it says the rally in currency may not sabotage the Japan industry.

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Asian stocks rise on Wall Street gains

The overnight gains on the Wall Street have boosted the market sentiment on Asian bourses ahead of the US Federal Reserve's meeting. The trading on Wednesday registered positive momentum in equities across the Asian markets.

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Japan's Womenomics Goals Downgraded

Despite Prime Minister Shinzo Abe's "womenomics" plan to encourage more Japanese women in the workforce, the country doesn't seem to want to follow it. Japan's gender equality bureau has reduced its goal of hiring women in senior positions from 30% to 7% and leadership positions in the private sector to 15% by 2020.

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Generic Drug Sale widens in Japan as Takeda and Teva join hands

Teva pharmaceuticals which is said to be the world's largest generic drug maker has joined hands with Takeda Pharmaceutical Co, for a definitive agreement to sell generic drugs in Japan.

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Japan's aroma sensing developer, Aroma Bit, hired two influential advisors

Japanese startup aroma sensor developer Aroma Bit has appointed Batara Eto and Atsushi Tanaka as its advisors.

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Japan state-fund mulls picking stake in Sharp Corp

Japan state-backed fund is keen on acquiring stakes in Sharp Corporation for Yen 200 billion ($1.63 billion). Sharp Corp recorded Yen 50 billion operating loss for the first half of 2015. The LCD business unit of Sharp Corp is a major contributor to the losses. Sharp is planning to spin off LCD business unit and later it may consider stake selling, according to media reports.

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