The plummeting yen is exacerbating the already-heightened burden on consumers and small businesses and the situation will likely get worse, at least one expert said.
Traditional “nyusha-shiki” welcoming ceremonies boasting big crowds have come back in fashion, as major companies revived their standard, pre-pandemic pomp to greet fresh recruits in-person this year.
Hisanori Makaya, right, president of Fujifilm Business Innovation Corp., and Chairman Koichi Tamai announce the release of a new product bearing the Fujifilm brand logo on April 1 in Tokyo’s Koto Ward. (Yasuro Suzuki)
For Fuji Xerox, stripped of half of its recognized brand name, Xerox, after a dispute between its U.S. and Japanese mother firms, the big question is whether the company can duplicate its past success on its own.
The company, whose products sold so well that the verb “xerox” became synonymous for making photocopies, can no longer use the word on any of its company or product names.
Brice Koch, president and CEO of Hitachi Astemo Ltd., speaks in an online news conference streamed live on Jan. 18. (Captured from YouTube)
Newly minted automotive parts supply behemoth Hitachi Astemo Ltd., expecting a windfall from the development of electric and self-driving vehicles and other technologies, is expanding in scale to capitalize on the opportunity.
Hitachi Astemo President and CEO Brice Koch said he intends to make the company a global leader in CASE (connected, autonomous, shared and electric) technologies at a Jan. 18 online news conference to unveil the company s business strategy.
Hitachi Astemo became Japan s third-largest auto parts maker this year through a merger of four auto parts suppliers affiliated with Hitachi Ltd. and Honda Motor Co. Its capacity is topped only by Denso Corp. and Aisin Seiki Co., which are affiliated with Toyota Motor Corp.