Nissan unveils drastic streamlining plan

YOKOHAMA, Japan, May 18 Kyodo - Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024. (Kyodo)

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

Nissan unveils drastic streamlining plan

Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

U.S. House passes second massive spending package ahead of shutdown deadline

STORY: U.S. House passes second massive spending package ahead of shutdown deadline SHOOTING TIME: March 22, 2024 DATELINE: March 23, 2024 LENGTH: 00:00:32 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. various of the U.S. House of Representatives voting on the bill STORYLINE: The U.S. House on Friday approved the second spending package aimed at funding part of the government agencies and programs until September, sending it to the Senate before the midnight deadline to prevent a partial shutdown. The lower chamber approved the package, which was unveiled early Thursday, in a vote of 286 to 134. The 1.2-trillion-U.S.-dollar package would provide funding for the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, State and the legislative branch through the fiscal year 2024, which ends Sept. 30. The proposed package would allocate approximately 62 billion dollars in overall discretionary funds for Homeland Security, which was the most contentious part of th

U.S. Congress passes government funding package to avoid shutdown

STORY: U.S. Congress passes government funding package to avoid shutdown SHOOTING TIME: March 8 and Feb. 13, 2024 DATELINE: March 9, 2024 LENGTH: 0:00:51 LOCATION: Washington D.C. CATEGORY: POLITICS SHOTLIST: 1. various of the U.S. Senate voting on the bill 2. various of exterior of the U.S. Capitol STORYLINE: The U.S. Congress on Friday approved a bundle of six bills to finance certain sections of the federal government until September, narrowly sidestepping a potential partial shutdown. The U.S. Senate voted 75 to 22 Friday night to approve the package, which cleared the House earlier this week. The bill now heads to President Joe Biden's desk for signing. The latest measure to keep the government funded covers agriculture, energy and the environment, housing, transportation, veterans and the Justice Department through the end of the fiscal year on Sept. 30. Lawmakers recently approved stopgap funding measures to prolong the deadlines of March 1 and March 8 until March 8 and March 22, buyi

U.S. House passes 1.7 trillion-USD gov't funding package

STORY: U.S. House passes 1.7 trillion-USD gov't funding package DATELINE: Dec. 24, 2022 LENGTH: 0:00:47 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. House of Representatives voting on the bill 2. various of exterior of the U.S. Capitol STORYLINE: The U.S. House of Representatives passed a massive package on Friday to fund the federal government. The omnibus bill -- worth 1.7 trillion U.S. dollars -- cleared the Senate on Thursday and is being sent to the White House. U.S. President Joe Biden said on Friday that he "will sign it into law as soon as it reaches my desk." Biden later signed a short-term funding bill into law to avert a partial government shutdown ahead of the midnight deadline. The one-week continuing resolution has given more time for the spending bill, which runs more than 4,000 pages, to be processed for Biden's signature. The massive spending legislation for fiscal year 2023 includes 772.5 billion dollars for non-defense, domestic programs, and 858 billion

Cabinet OKs 3.12 tril. yen extra budget for stimulus steps

Cabinet OKs 3.12 tril. yen extra budget for stimulus steps

TOKYO, Japan - Japanese Prime Minister Shinzo Abe (2nd from R) and his ministers attend an extraordinary Cabinet meeting on Jan. 9, 2015, in Tokyo to endorse a 3.12 trillion yen supplementary budget for fiscal 2014 to fund an economic stimulus package aimed at bolstering domestic demand curtailed by the April 1 consumption tax hike and weaker yen.

Diet enacts extra budget

Diet enacts extra budget

TOKYO, Japan - Prime Minister Shinzo Abe (R front) and Finance Minister Taro Aso (L front) bow in appreciation after a 5.47 trillion yen extra budget for the fiscal year through March 2014 is approved by the House of Councillors with a majority vote on Feb. 6, 2014. The extra budget will fund a stimulus package designed to prevent a sales tax hike in April from significantly dragging down the nation's economic recovery.

Abe Cabinet OKs stimulus package

Abe Cabinet OKs stimulus package

TOKYO, Japan - Prime Minister Shinzo Abe holds a press conference at his office in Tokyo on Jan. 11, 2013, announcing a stimulus package worth 20.2 trillion yen. Abe's Cabinet endorsed a stimulus package earlier in the day entailing the biggest government spending since fiscal 2009 in an attempt to add around 2 percentage points to Japan's gross domestic product growth in real terms and create at least 600,000 jobs.

Abe Cabinet OKs stimulus package

Abe Cabinet OKs stimulus package

TOKYO, Japan - Prime Minister Shinzo Abe (2nd from L) attends a meeting of a government panel on reviving the Japanese economy, at the prime minister's office in Tokyo on Jan. 11, 2013. Abe's Cabinet endorsed a stimulus package the same day entailing the biggest government spending since fiscal 2009 in an attempt to add around 2 percentage points to Japan's gross domestic product growth in real terms and create at least 600,000 jobs.

Abe Cabinet OKs stimulus package

Abe Cabinet OKs stimulus package

TOKYO, Japan - Prime Minister Shinzo Abe (L) shakes hands with Finance Minister Taro Aso (C) after a press conference at his office in Tokyo on Jan. 11, 2013, to announce a stimulus package worth 20.2 trillion yen. Abe's Cabinet endorsed a stimulus package earlier in the day entailing the biggest government spending since fiscal 2009 in an attempt to add around 2 percentage points to Japan's gross domestic product growth in real terms and create at least 600,000 jobs. To the right is economic revival minister Akira Amari.

Abe Cabinet OKs stimulus package

Abe Cabinet OKs stimulus package

TOKYO, Japan - Prime Minister Shinzo Abe holds a press conference at his office in Tokyo on Jan. 11, 2013, announcing a stimulus package worth 20.2 trillion yen. Abe's Cabinet endorsed a stimulus package earlier in the day entailing the biggest government spending since fiscal 2009 in an attempt to add around 2 percentage points to Japan's gross domestic product growth in real terms and create at least 600,000 jobs.

Ruling bloc pushes FY 2009 extra budget through lower house

Ruling bloc pushes FY 2009 extra budget through lower house

TOKYO, Japan - Japanese Prime Minister Taro Aso (L) shakes hands with members of his Liberal Democratic Party after the ruling parties pushed an extra budget for fiscal 2009 and a related bill to finance Aso's fresh economic package through the House of Representatives on May 13.

Ruling bloc pushes FY 2009 extra budget through lower house

Ruling bloc pushes FY 2009 extra budget through lower house

TOKYO, Japan - Seats in the House of Representatives lie empty on May 13 as opposition Democratic Party of Japan lawmakers abstain from voting on an extra budget for fiscal 2009 and a related bill to finance Prime Minister Taro Aso's fresh economic package. The ruling parties pushed the extra budget and bill through the lower chamber despite complaints from the opposition camp that deliberations were insufficient.

Gov't submits FY 2009 extra budget to finance fresh stimuli

Gov't submits FY 2009 extra budget to finance fresh stimuli

TOKYO, Japan - Finance Minister Kaoru Yosano speaks about the extra budget plan for fiscal 2009 at a news conference at the Finance Ministry in Tokyo on April 27. The government submitted to parliament a fiscal 2009 extra budget and related bills to implement Prime Minister Taro Aso's fresh stimulus package.

Yosano vows battle against economic crisis, mulls fresh stimulus

Yosano vows battle against economic crisis, mulls fresh stimulus

TOKYO, Japan - Economic and Fiscal Policy Minister Kaoru Yosano, who replaced Shoichi Nakagawa as finance and financial services minister, speaks at a news conference at the Finance Ministry in Tokyo on Feb. 17. Yosano pledged to fight against the current economic crisis engulfing Japan, while hinting that the government will consider drafting a fresh stimulus package.

Gov't to compile emergency policy package to create jobs

Gov't to compile emergency policy package to create jobs

TOKYO, Japan - Prime Minister Taro Aso (C) speaks with Economic and Fiscal Policy Minister Kaoru Yosano (R) at a meeting of the Council on Economic and Fiscal Policy at the Prime Minister's Office in Tokyo on Jan. 16.

Gov't not to set income cap for cash benefit plan

Gov't not to set income cap for cash benefit plan

TOKYO, Japan - Japanese Economic and Fiscal Policy Minister Kaoru Yosano speaks during a news conference in Tokyo on Nov. 11. Yosano said he is compiling a draft for a cash benefit program under the government's new economic stimulus package in line with Prime Minister Taro Aso's call on high-income earners to decline benefits.

Fukuda asks Yosano to compile economic stimulus package

Fukuda asks Yosano to compile economic stimulus package

TOKYO, Japan - Economic and Fiscal Policy Minister Kaoru Yosano is surrounded by reporters at the prime minister's office in Tokyo on Aug. 4 after his talks with Prime Minister Yasuo Fukuda. Fukuda instructed Yosano to compile a comprehensive economic stimulus package, including measures to deal with soaring oil and food prices, as soon as possible.

Gov't earmarks 215 bil. yen to lessen impact of rising oil price

Gov't earmarks 215 bil. yen to lessen impact of rising oil price

TOKYO, Japan - Hiroko Ota, state minister in charge of economic and fiscal policy, briefs reporters in Tokyo on Dec. 25 about the government emergency relief package for people and small businesses affected by the surge in crude oil prices.

Gov't, ruling parties finalize fiscal decentralization program

Gov't, ruling parties finalize fiscal decentralization program

TOKYO, Japan - Cabinet ministers and officers of the ruling coalition parties meet at the prime minister's office on Nov. 30 to finalize a package of measures to achieve Prime Minister Junichiro Koizumi's three-year drive to decentralize fiscal authority in the fiscal 2006 budget. The package cuts 4 trillion yen in grants to local governments and transfers 3 trillion yen worth of tax authority to them in three years.

FY 2004 extra budget to help disaster areas passes lower house

FY 2004 extra budget to help disaster areas passes lower house

TOKYO, Japan - Prime Minister Junichiro Koizumi (R) and Finance Minister Sadakazu Tanigaki (L) bow after the House of Representatives unanimously approved a 4.8 trillion yen supplementary budget Jan. 28 for the current fiscal year, which includes a 1,361.8 billion yen aid package for disaster-stricken areas in Niigata and Fukui prefectures.

Gov't unveils economic package

Gov't unveils economic package

TOKYO, Japan - Prime Minister Junichiro Koizumi (L) and Financial Services Minister Heizo Takenaka attend a meeting of the Council on Economic and Fiscal Policy, a top government panel headed by Koizumi, at the premier's office Oct. 30. The council approved a package of steps for accelerating the cleanup of the banking sector and combating deflation before announcing the plan.

Economic package outline to be compiled in mid-Oct.

Economic package outline to be compiled in mid-Oct.

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks at a news conference at the Cabinet Office in Tokyo on Oct. 7 after a meeting of the Council on Economic and Fiscal Policy. Takenaka said the council will compile a basic outline of steps aimed at promoting the disposal of nonperforming loans and fighting deflation by mid-October.

Gov't unveils antideflation package to revive economy

Gov't unveils antideflation package to revive economy

TOKYO, Japan - Prime Minister Junichiro Koizumi presides over a meeting of his Council on Economic and Fiscal Policy called to work on a package of antideflation measures. Seated at right is economic and fiscal policy minister Heizo Takenaka.

Takenaka rules out stimulus steps despite weak GDP data

Takenaka rules out stimulus steps despite weak GDP data

TOKYO, Japan - Heizo Takenaka, minister in charge of economic and fiscal policy, briefs reporters on Japan's gross domestic product (GDP) data for the January-March quarter in Tokyo on June 11. Takenaka ruled out the possibility of the government drafting a stimulus package to buoy domestic demand despite weak GDP data.

Aso conducts part of press conference in English

Aso conducts part of press conference in English

TOKYO, Japan - Taro Aso, minister in charge of economic and fiscal policy, meets the press at the Cabinet Office in Tokyo on April 6. He suddenly spoke in English while explaining the government's emergency economic package.

2-year goal set for bad loans, but package put off

2-year goal set for bad loans, but package put off

TOKYO, Japan - Taro Aso, minister in charge of economic and fiscal policy, speaks at a news conference April 4 after a task force meeting of the government and ruling coalition. The meeting agreed to have major Japanese banks remove outstanding bad loans with high risk levels from their balance sheets in two years but put off a decision on a new package of economic measures until April 6.

Tax panel chief Ishi hands report on tax proposals to Mori

Tax panel chief Ishi hands report on tax proposals to Mori

TOKYO, Japan - Hiromitsu Ishi, chairman of the government's Tax Commission, presents Prime Minister Yoshiro Mori a package of tax reform proposals at the prime minister's official residence in Tokyo on Dec. 13. In the package, the panel said that given the signs of improvement in the Japanese economy and the grave situation of state finances, tax reform for fiscal 2001 ''should avoid a further decrease in tax revenues as much as possible.''

Prime Minister Mori speaks to Keidanren meeting

Prime Minister Mori speaks to Keidanren meeting

TOKYO, Japan - Prime Minister Yoshiro Mori speaks at a meeting of the Federation of Economic Organizations (Keidanren) in Tokyo on Dec. 13. Mori pledged to exert his leadership in utilizing a 700 bil. yen stimulus package for his ''Japan Birth'' plan, to be included in the budget for fiscal 2001, which starts in April.

Gov't panel backs economy-spurring tax steps

Gov't panel backs economy-spurring tax steps

TOKYO, Japan - Kan Kato (L), chairman of the Tax Commission, on Dec. 16 hands Prime Minister Keizo Obuchi (R) a package of recommendations on tax system reforms for fiscal 2000 beginning April 1. The advisory panel threw its weight behind tax incentives designed to help engineer Japan's return to economic growth.

Lower house approves 6.79 tril. yen extra budget

Lower house approves 6.79 tril. yen extra budget

TOKYO, Japan - The House of Representatives on Dec. 7 approves a 6.79 trillion yen second supplementary budget for fiscal 1999 designed to help finance the core part of an 18 trillion yen pump-priming package unveiled last month. The budget will be deliberated at the House of Councillors Budget Committee on Dec. 8-9, and is expected to be endorsed by the upper chamber at its plenary session Dec. 9.

Miyazawa delivers fiscal policy speech

Miyazawa delivers fiscal policy speech

TOKYO, Japan - Japanese Finance Minister Kiichi Miyazawa delivers a fiscal policy speech in the House of Representatives on Nov. 25, as Prime Minister Keizo Obuchi looks on. Miyazawa introduced a 6,789 billion yen second auxiliary budget for fiscal 1999 to finance the core part of an 18 trillion yen economy-revitalizing package unveiled earlier this month.

Lower house OK's extra budget for jobs

Lower house OK's extra budget for jobs

TOKYO, Japan - The House of Representatives approves a 519.8 billion yen supplementary budget for fiscal 1999 to finance a package of measures to create more than 700,000 new jobs.

Supplementary budget enacted

Supplementary budget enacted

Prime Minister Ryutaro Hashimoto (R), Finance Minster Hikaru Matsunaga (L) bow to members of the upper house who voted into law a 4.6 trillion yen fiscal 1998 supplementary budget Wednesday June 17. This pave the way for long-awaited full-scale implementation of the latest government economic stimulus package worth 16.65 trillion yen.

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.(Pool photo)

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.(Pool photo)

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.(Pool photo)

Japan unveils 29.1 tril. yen stimulus package

Japan unveils 29.1 tril. yen stimulus package

Japanese Prime Minister Fumio Kishida holds a press conference at his office in Tokyo on Oct. 28, 2022, to explain the government's 29.1 trillion yen ($199 billion) in economic stimulus measures. The package to be financed under the fiscal 2022 supplementary budget is designed to reduce household utility bills and food costs amid surging inflation.

UK reverses bulk of September tax-cutting package to calm markets

STORY: UK reverses bulk of September tax-cutting package to calm markets DATELINE: Oct. 18, 2022 LENGTH: 00:03:03 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): JEREMY HUNT, UK Chancellor of the Exchequer 2. various of Jeremy Hunt making a speech in the parliament (Otc. 17) 3. various of London streets views STORYLINE: The United Kingdom (UK) government on Monday announced a reversal of the bulk of its September tax-cutting measures in yet another emergency action to ensure economic stability and provide confidence in its commitment to fiscal discipline. The basic rate of income tax is set to remain at 20 percent until economic conditions allow for it to be cut, Chancellor of the Exchequer Jeremy Hunt said in a statement. SOUNDBITE (English): JEREMY HUNT, UK Chancellor of the Exchequer "The government has today decided to make further changes to the mini budget and to reduce unhelpful speculation about what they are, giving an early brief summary of the changes which are all designe