Sumitomo to build ‘smart city’ in Vietnam
Hanoi – A ceremony to launch a project to build a next-generation “smart city” was held in the Vietnamese capital of Hanoi last Sunday. A Japanese trading firm, Sumitomo Corporation, and a Vietnamese real estate company are the main investors … Continue reading Sumitomo to build ‘smart city’ in Vietnam
Japan raises consumption tax rate to 10 percent
Tokyo — Japan hiked its consumption tax rate to 10% on Tuesday to help cover the growing cost of supporting the country’s aging population. Although the hike adds 4.6 trillion yen to the government’s annual revenue, the additional burden on consumers will test the foundations … Continue reading Japan raises consumption tax rate to 10 percent
Japan concerned about oil supplies
Tokyo — Saudi Aramco has notified Japan’s top oil distributor about a potential change in shipments, stoking concerns about the kingdom’s ability to supply crude following attacks on its major refineries a week ago. State-owned Aramco did not say why it wants to change … Continue reading Japan concerned about oil supplies
Japan and US agree on trade deal
Washington/Tokyo – U.S. President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariffs would not be slapped on vital auto exports. … Continue reading Japan and US agree on trade deal
Hover Bike: Market entry planned for 2022
Tokyo – A.L.I. Technologies Inc., a Tokyo-based venture company, aims to release a mass-market flying motorcycle by 2022. The company, which mainly develops small drones, hopes to sell the product, called a “hover bike,” in emerging economies in Africa, the … Continue reading Hover Bike: Market entry planned for 2022