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Sharp forecasts bigger losses for FY 08

TOKYO, Japan - Sharp Corp. President Mikio Katayama speaks about his company's current and future business in Tokyo on April 8. He said the Osaka-based Japanese electronics maker anticipates bigger losses for just-ended fiscal 2008, while planning to strengthen its output of large-sized liquid crystal display televisions and panels amid signs that demand is returning.

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Gov't panel members foresee real 2.2% growth in FY 2008

TOKYO, Japan - Prime Minister Shinzo Abe (2nd R) chairs a meeting of the Council on Economic and Fiscal Policy at his official residence on Aug. 6. Private-sector members of the key governmental economic panel unveiled their estimate for Japan's macroeconomic conditions in the next fiscal year starting in April 2008, forecasting a real 2.2 percent growth from the previous year.

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Dollar rises above 106 yen line in early Tokyo deals

TOKYO, Japan - A bulletin board in Tokyo shows the U.S. dollar trading above the 106 yen line, its first rise above the line since October 2008, in the early morning on Sept. 9, 2014. Finance Minister Taro Aso and economic and fiscal policy minister Akira Amari expressed concern later that day about the recent sharp jump by the dollar to a nearly six-year high against the yen.

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Dismantling Fugen nuclear reactor

TSURUGA, Japan - A worker engages in work to dismantle the Fugen prototype nuclear reactor, shut down permanently in 2003, in a shielded area to prevent radiation leakage in Tsuruga, Fukui Prefecture, on Feb. 10, 2012. The Japan Atomic Energy Agency disclosed part of the dismantling procedures to the media the same day. The decommissioning process, which started in 2008, is expected to be completed in fiscal 2028.

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Kobe Steel eyeing hike in overseas sales ratio to 50%

TOKYO, Japan - Kobe Steel Ltd. President Hiroshi Sato briefs reporters on a medium-term business plan during a news conference in Tokyo on April 14, 2010. Sato said he hopes to boost the company's overall sales in five to 10 years' time to 3 trillion yen, up 40 percent from fiscal 2008, by expanding overseas production.

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Hatoyama warned of doubling public money misuse

TOKYO, Japan - Japanese Prime Minister Yukio Hatoyama (R) receives a report on misuse of public money in fiscal 2008 from Board of Audit Commissioner Masaki Nishimura at the premier's office Nov. 11, 2009. The board found a record 236.45 billion yen, almost double the previous year, in improper spending of taxpayers' money in a more thorough inspection than the past.

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Replica of A-Bomb Dome

HIROSHIMA, Japan - Crowds of visitors view exhibitions, including a large replica of the A-Bomb Dome, at the Hiroshima Peace Memorial Museum on July 18. About 1.36 million people visited the museum in fiscal 2008 through March to see items damaged by the nuclear weapon in the western Japan city and hear citizens call for the abolishment of nuclear weapons.

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MUFG records 1st net loss in FY 2008, eyes profit in FY 2009

TOKYO, Japan - Mitsubishi UFJ Financial Group Inc. President Nobuo Kuroyanagi speaks at a press conference at the Bank of Japan in Tokyo on May 19. Japan's largest banking group reported its first red ink in fiscal 2008 since its launch in 2005.

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Panasonic incurs 379 bil. yen net loss in FY 08

TOKYO, Japan - Panasonic Corp. President Fumio Otsubo speaks at a press conference in Tokyo on May 15. Panasonic incurred a group net loss of 378.96 billion yen in fiscal 2008, its first red ink in six years.

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Mizuho sees 1st red ink in 6 years

TOKYO, Japan - Mizuho Financial Group Inc. President Takashi Tsukamoto speaks at a news conference in Tokyo on May 15. He said the company incurred a group net loss of 588.81 billion yen in fiscal 2008, falling into the red for the first time in six years, as bad-loan disposal costs and losses from equity investments surged amid the global financial crisis.

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Sony logs biggest-ever loss of 227.78 bil. yen in FY 2008

TOKYO, Japan - Sony Corp.'s Chief Financial Officer Nobuyuki Oneda speaks at a press briefing on the company's business performance in Tokyo on May 14. Sony announced its biggest-ever group operating loss of 227.78 billion yen for fiscal 2008 ended in March.

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Sanyo Electric logs 93.2 billion yen net loss in FY 2008

TOKYO, Japan - Sanyo Electric Co. President Seiichiro Sano speaks during a news conference in Osaka on May 14. Sano said the company fell into the red in fiscal 2008 for the first time in two years with a group net loss of 93.23 billion yen in the year ended in March due to slumping sales of electronic devices amid the worldwide economic recession.

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Nissan logs 1st loss under Ghosn in FY 2008

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn answers questions on the company's business performance during a press conference in Tokyo on May 12. Nissan logged its first annual loss in fiscal 2008 since Ghosn took the company's reins a decade ago.

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Nissan logs 1st loss under Ghosn in FY 2008

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn answers questions on the company's business performance during a press conference in Tokyo on May 12. Nissan logged its first annual loss in fiscal 2008 since Ghosn took the company's reins a decade ago.

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Toyota logs 1st operating loss in 71 years

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe briefs reporters on the company's earnings report for fiscal 2008 during a press conference in Tokyo on May 8. Toyota logged its first group operating loss in 71 years in the business year that ended March 31 and it anticipates an even bigger operating loss of 850 billion yen for fiscal 2009.

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Toshiba sees record net loss in FY 2008

TOKYO, Japan - Toshiba Corp. Executive Vice President Fumio Muraoka briefs reporters on the company's earnings report for fiscal 2008 during a press conference in Tokyo on May 8. Toshiba went into the red for the first time in seven years, recording its biggest-ever group net loss of 343.56 billion yen.

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Toyota logs 1st operating loss in 71 years

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe briefs reporters on the company's earnings report for fiscal 2008 during a press conference in Tokyo on May 8. Toyota logged its first group operating loss in 71 years in the business year that ended March 31 and it anticipates an even bigger operating loss of 850 billion yen for fiscal 2009.

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Nintendo's group net profit marks record high

OSAKA, Japan - Nintendo Co. President Satoru Iwata briefs reporters on the company's earnings report for fiscal 2008 in Osaka on May 7. Nintendo's group net profit rose 8.5 percent from the previous year to a record high of 279.09 billion yen due to the strong popularity of its DS and Wii game consoles.

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Nintendo's group net profit marks record high

OSAKA, Japan - Nintendo Co. President Satoru Iwata briefs reporters on the company's earnings report for fiscal 2008 in Osaka on May 7. Nintendo's group net profit rose 8.5 percent from the previous year to a record high of 279.09 billion yen due to the strong popularity of its DS and Wii game consoles.

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Sharp sinks into red in FY08 on stock loss

OSAKA, Japan - Mikio Katayama (R), president of Sharp Corp., briefs reporters on the company's earnings report for fiscal 2008 at a news conference in Osaka on April 27.

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Hokkaido professors receive cash from PhD recipients

SAPPORO, Japan - Masaaki Hemmi (R), vice president of Hokkaido University, speaks at a news conference in Sapporo, Hokkaido, on April 22. Hemmi and the other university vice president, Minoru Wakita (L), met the press after nine professors and associate professors at the university were found to have received cash and gift certificates from seven people who acquired doctorate degrees after their theses were examined by them between fiscal 2007 and 2008.

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Suzuki's WagonR remains best-selling car for 5th year

TOKYO, Japan - Photo shows Suzuki Motor Corp.'s WagonR minicar which remained Japan's best-selling vehicle for the fifth straight year in just-ended fiscal 2008.

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New ANA chief hints at more route closures, flight cuts in FY 09

TOKYO, Japan - New All Nippon Airways Co. President Shinichiro Ito speaks during a recent interview with Kyodo News. Ito, 58, suggested the company will implement route closures and flight cuts in fiscal 2009 in addition to those already conducted on 11 routes in fiscal 2008 if demand for air travel continues to decline.

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Seiko Epson to consolidate chip production due to record loss

TOKYO, Japan - Seiko Epson Corp. Managing Director Kenji Kubota speaks during a press conference in Tokyo on March 11. He said the company plans to consolidate its struggling computer chip and liquid crystal display production facilities in Japan as it anticipates its biggest-ever loss in fiscal 2008 on declining demand due to the global economic crisis.

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Honda's FY 2008 auto sales to exceed target on brisk Insight orders

TOKYO, Japan - Photo shows Honda Motor Co.'s new Insight hybrid car. Honda is anticipating that its auto sales in Japan in fiscal 2008 ending next month will exceed an earlier-estimated 554,000 units, hitting a range of 570,000 to 580,000 units, due to the growing popularity of the hybrid, company officials said. Orders for the new Insight, launched on Feb. 6, are now projected to top 15,000 units this week, more than triple an earlier monthly sales target of 5,000 units.

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FY 2008 sales seen falling 21% at Nagoya's Midland Square mall

NAGOYA, Japan - This photo taken Feb. 10 shows the Midland Square in front of JR Nagoya Station in Aichi Prefecture. Sales at the Midland Square mall in fiscal 2008 ending next month are estimated to decline 21.7 percent from the previous year to 18 billion yen as the current recession has been affecting luxury product sales.

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Panasonic expects 380 bil. yen annual loss

TOKYO, Japan - Makoto Uenoyama, director of Panasonic Corp., briefs reporters on a projection about the company's group business results for fiscal 2008 during a press conference in Tokyo on Feb. 4. Panasonic expects to incur 380 billion yen in group net loss for the business year ending next month.

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Panasonic expects 380 bil. yen annual loss

TOKYO, Japan - Makoto Uenoyama, director of Panasonic Corp., briefs reporters on a projection about the company's group business results for fiscal 2008 during a press conference in Tokyo on Feb. 4. Panasonic expects to incur 380 billion yen in group net loss for the business year ending next month.

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Hitachi to log record 700 bil. yen net loss for FY 2008

TOKYO, Japan - Hitachi Ltd. President Kazuo Furukawa appears solemn after a press conference in Tokyo on Jan. 30. Furukawa announced that the electronics giant expects to incur a group net loss of 700 billion yen for fiscal 2008 to March 31, the worst result since it was established.

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Hitachi to log 700 billion yen net loss for FY 2008, cut workforce

TOKYO, Japan - Hitachi Ltd. President Kazuo Furukawa speaks at a press conference in Tokyo on Jan. 30. Furukawa said the giant electric machinery company expects to incur a group net loss of 700 billion yen for fiscal 2008 to March 31, the worst result since it was established.

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Toshiba sees FY08 operating loss of 280 bil. yen, 1st red ink in 7 yrs

TOKYO, Japan - Toshiba Corp. President Atsutoshi Nishida bows at the end of a press conference at the Tokyo Stock Exchange on Jan. 29. The struggling Japanese electronics giant said it will lay off 4,500 temporary workers in its loss-making semiconductor and liquid crystal display businesses and it expects to incur group net and operating losses of 280 billion yen each for fiscal 2008 through March, its first red-ink figures in seven years.

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Japan cancels humanitarian aid to disputed islands

MOSCOW, Russia - A Japanese ship is seen anchored off Kunashiri, one of four disputed Russian-held islands, on Jan. 28. The Japanese government decided to cancel humanitarian assistance to the four islands for the remainder of fiscal 2008 through March after Russia demanded the previous day that Japanese officials on board submit arrival cards before disembarking. Russia had not made such a request when Japan delivered aid previously in 2006 and 2007.

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Diet enacts 2nd extra budget for fiscal 2008

TOKYO, Japan - Prime Minister Taro Aso bows in acknowledgement during a plenary session of the House of Representatives after enactment by the Diet of a second supplementary budget for fiscal 2008. The 4.79 trillion yen budget features a controversial cash handout plan. At left is Economic and Fiscal Policy Minister Kaoru Yosano.

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Nomura posts 492.36 bil. yen net loss for April-Dec. period

TOKYO, Japan - Masafumi Nakada, chief financial officer of Nomura Holdings Inc., briefs reporters on the company's group earnings report for the first nine months of fiscal 2008 during a press conference in Tokyo on Jan. 27.

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Aso willing to introduce taxpayer ID number system

TOKYO, Japan - Prime Minister Taro Aso (L) exchanges a few words with Renho, a lawmaker from the main opposition Democratic Party of Japan, after a session of the House of Councillors Budget Committee on Jan. 19. Aso showed willingness to consider introducing a taxpayer identification number system during the session on the first day of deliberations in the upper chamber on a government-proposed second supplementary budget for fiscal 2008.

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Aso willing to introduce taxpayer ID No. system

TOKYO, Japan - Prime Minister Taro Aso replies to questions during a session of the House of Councillors Budget Committee on Jan. 19. Aso showed willingness to consider introducing a taxpayer identification number system on the first day of deliberations of the upper house budget committee on the government-proposed second supplementary budget for fiscal 2008.

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Deliberations on 2nd extra budget start in upper house

TOKYO, Japan - Finance Minister Shoichi Nakagawa explains the government's submission of a 4.79 trillion yen second supplementary budget for fiscal 2008 at a House of Councillors Budget Committee session Jan. 19. Deliberations on the budget, which includes a controversial 2 trillion yen cash handout plan, began in the opposition-controlled upper house the same day.

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BOJ remains concerned about corporate financing amid crisis

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa (2nd from R) attends a quarterly meeting of the central bank's branch managers at the BOJ's headquarters in Tokyo on Jan. 16. Shirakawa reiterated his strong concerns about recent deterioration in corporate debt markets that has led companies to face difficulty raising operating capital to cover the approaching end of fiscal 2008 through March.

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2nd extra budget passes lower house despite opposition protest

TOKYO, Japan - Prime Minister Taro Aso (R) smiles after a second supplementary budget for fiscal 2008, aimed at reinvigorating the economy, is passed by a majority vote of the ruling parties at a plenary session of the House of Representatives on Jan. 13, despite a protest by the opposition bloc against an unpopular cash handout plan included in the budget.

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2nd extra budget passes lower house despite opposition protest

TOKYO, Japan - Democratic Party of Japan leader Ichiro Ozawa leaves a House of Representatives plenary session Jan. 13 in protest at a vote on a second supplementary budget for fiscal 2008, aimed at reinvigorating the economy. The DPJ is opposed to a 2 trillion yen cash handout program included in the budget, which it sees as an attempt by the ruling bloc to buy votes.

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2nd extra budget passes lower house despite opposition protest

TOKYO, Japan - Former administrative reform minister Yoshimi Watanabe (C), a ruling Liberal Democratic Party lawmaker, leaves a lower house plenary session before voting on a second supplementary budget for fiscal 2008. Watanabe said he was demonstrating his ''determination to protest'' against the 2 trillion yen cash handout program included in the budget.

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2nd extra budget passes lower house despite opposition protest

TOKYO, Japan - Democratic Party of Japan lawmakers leave a House of Representatives plenary session Jan. 13 in protest at a vote on a second supplementary budget for fiscal 2008, aimed at reinvigorating the economy. The DPJ is opposed to a 2 trillion yen cash handout program included in the budget, which it sees as an attempt by the ruling bloc to buy votes.

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2nd extra budget to pass lower house despite opposition protest

TOKYO, Japan - Opposition lawmakers raise placards reading ''No cash handout'' and ''Opposition to cash handout'' among other slogans during a vote on a second supplementary budget for fiscal 2008 through March 31 at the House of Representatives Budget Committee on Jan. 13. The 4.79 trillion yen budget is expected to clear the lower chamber later in the day. (Pool photo by Kyodo News)

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2nd extra budget, related bills to pass lower house committees

TOKYO, Japan - Prime Minister Taro Aso speaks at a session of the House of Representatives Budget Committee in Tokyo on Jan. 13. A secondary supplementary budget for fiscal 2008 and its related bills are expected to clear the committee, paving the way for the lower house to pass them in its plenary session later in the day.

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2nd extra budget, related bills to pass lower house committees

TOKYO, Japan - Photo shows the room in the parliamentary building where a House of Representatives Budget Committee session began Jan. 13. Most of the empty seats are for opposition camp committee members who did not show up in opposition to measures discussed in the session, such as a secondary supplementary budget for fiscal 2008.

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Diet convenes, debates to focus on extra budget

TOKYO, Japan - Emperor Akihito addresses the opening ceremony for the 171st regular parliamentary session at the House of Councillors' plenary hall on Jan. 5. The ruling and opposition parties are expected to clash over a supplementary budget for fiscal 2008 presented at the outset of the session.

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Diet convenes, debates to focus on extra budget

TOKYO, Japan - Emperor Akihito addresses the opening ceremony for the 171st regular parliamentary session at the House of Councillors' plenary hall on Jan. 5. The ruling and opposition parties are expected to clash over a supplementary budget for fiscal 2008 presented at the outset of the session.

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Diet convenes, debates to focus on extra budget

TOKYO, Japan - Finance Minister Shoichi Nakagawa delivers a fiscal policy speech at a plenary session of the House of Representatives on Jan. 5. The ruling and opposition parties are expected to clash over a supplementary budget for fiscal 2008 presented at the outset of the session.

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Diet convenes, debates to focus on extra budget

TOKYO, Japan - Legislators stand up to listen to Emperor Akihito's address at the opening ceremony for the 171st regular parliamentary session at the House of Councillors' plenary hall on Jan. 5. The ruling and opposition parties are expected to clash over a supplementary budget for fiscal 2008 presented at the outset of the session.

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Toyota expects 1st operating loss in FY 2008

NAGOYA, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., responds to questions from reporters at a press conference in Nagoya on Dec. 22. Toyota said it expects an operating loss of 150 billion yen for fiscal 2008 group business, the first group loss in its history, due to shrinking global auto sales and the yen's further appreciation.