As Japanese Prime Minister Shinzo Abe announced the third tranche of his economic strategy, the premier pledged on Wednesday to increase Japanese incomes by at least three percent annually over the next 10 years. Abe also revealed plans to set up special economic zones, with deregulated taxes, to attract foreign investments – including global companies who will bring in technology, people and funds, this being the next major step in his strategy to revitalize the world's third-largest economy.
Prime Minister Shinzo Abe has finally laid out Japan’s program to seal business partnership with Africa while upholding the continent’s human rights and social welfare. It marks the beginning of Japan’s aim to change its relationship with Africa from aid-led into business partnership. Called the Yokohama Declaration, the pact was announced during the three-day Tokyo International Conference on African Development (TICAD) summit held in Yokohama. The prime minister opened the summit with a pledge of 1.4 trillion yen for the continent.
Prime Minister Shinzo Abe has committed to overseas travels to promote Japanese technology and bring home sales that will help Japan's economy. The Japanese premier is hoping for the emerging nations as top consumers in the market. One particular promising partnership is between Japan and India. Prime Ministers Shinzo Abe and Manmohan Singh of India were even scheduled to attend a summit on Wednesday.
State-owned Japan Bank for International Cooperation and Mizuho Corporate Bank have struck a deal with Spring Singapore, an agency of Singapore’s Ministry of Trade and Industry to assist and promote small and midsize Japanese businesses who want to operate in Southeast Asia. The main strategy would be to get the small Singaporean businesses to work together with the prospective Japanese partners.
Japan's Prime Minister Shinzo Abe paid a historic visit to Myanmar over the weekend, the first Japanese leader to do so in 36 years, and signed a low-interest loan of 504 million dollars as part of its efforts to help the former communist country. Japan's Foreign Ministry released a statement saying the government is committed to supporting Myanmar's reforms.
Japanese Prime Minister Shinzo Abe met with Thai counterpart, Prime Minister Yingluck Shinawatra, on Thursday, looking to confirm bilateral relations and strengthening economic and security partnerships between the two Asian countries. This is the second time the two leaders are meeting to discuss economic and security ties between the two nations, following initial talks in Bangkok in January. Both are eyeing stronger cooperation in terms of security amid regional tensions over North Korea's nuclear ambitions as well as China's increasing maritime aggressiveness.
Going up against global social networking colossus Facebook is no easy task, as Facebook-like sites all over the world are finding out. One such Japanese social network platform is Mixi, whom like others have struggled in keeping up with the tremendous growth of Mark Zuckerberg’s baby, seeing what is now years of stagnant user numbers and a resulting lack of direction. Just last week, Mixi started a transition phase, as the social network’s founder Kenji Kasahara handed over the reins to new CEO Yusuke Asakura. This is immediately followed today by Mixi announcing that it has invested funding into two promising mobile-first startup companies.
NTT Docomo, Japan’s leading mobile operator, has announced its 12.7 billion yen (around 130 million US dollars) acquisition of MCV, Guam’s foremost cable TV and Internet provider. In a move to expand its international portfolio, the deal sees the Japanese telecommunications giant acquire in full MCV Acquisition, which is the holding company behind the Pacific island’s largest cable service provider.
Around a week ago, an investor known for radical corporate action put pressure on Sony Corp. to sell off part of its lucrative entertainment business. A week hence, Sony has made it known that it plans to discuss hedge-fund investor Dan Loeb’s proposal of a partial spinoff of its music and movie division with the company board.