Month: January 2024

[ad_1] The Cabinet on Tuesday approved a revised ¥112.57 trillion ($774 billion) draft budget for the next fiscal year starting in April, allocating an additional ¥500 billion in emergency funds to tackle the fallout from a New Year's Day earthquake that ravaged central Japan.Prime Minister Fumio Kishida has ordered a rare revision of an already finalized budget plan, valued at ¥112.07 trillion, to ensure sufficient funds are allocated for the […]

[ad_1] The head of Japan's biggest business lobby Keidanren on Tuesday called for wage hikes this year that exceed the inflation rate, setting the tone for annual wage talks that may pave the way for the Bank of Japan (BOJ) to exit its ultraeasy monetary policy.At stake in this year's spring negotiations between trade unions and large Japanese firms, analysts say, is whether wages will rise far enough to ignite […]

[ad_1] LONDON/DETROIT – Volkswagen, whose drive to develop a "solid-state" electric car battery with U.S. startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology.The German auto giant is holding talks with France's Blue Solutions, which already produces solid-state batteries for Daimler electric buses, about adapting the design for cars, said a source with direct knowledge of the discussions.VW and Blue […]

[ad_1] A Korean Air airliner "struck" an empty Cathay Pacific plane while taxiing at a snow-hit Japanese airport on Tuesday, with both airlines saying there were no injuries.The incident at New Chitose Airport serving Sapporo came two weeks after a near-catastrophic collision at Tokyo's Haneda Airport between a Japan Airlines airliner and a smaller coast guard plane."Our aircraft, which was stationary at the time with no customers nor crew onboard, […]