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Japan’s dependence on oil from the Middle East has risen to a record level at a time when global oil markets are haunted by Russia’s war in Ukraine and the Israel-Hamas conflict.
An interbank data communication system was restored in the morning of Oct. 12, following two days of malfunctions that affected more than 2.5 million transactions, its operator said.
At his first Policy Board meeting after becoming governor of the Bank of Japan, Haruhiko Kuroda left no one in doubt about his intention to pursue an ultra-loose monetary policy.
Toshiba Corp. accepted a buyout offer from a group led by private equity firm Japan Industrial Partners on March 23, bringing it a step closer to going private for the first time since listing in 1949.
After years of missed deadlines, production setbacks and ballooning costs, Mitsubishi Heavy Industries Ltd. (MHI) will terminate development of Japan’s first passenger jet and withdraw from the aircraft business, sources said.