Posts tagged "Japan"
Global Economic Slowdown Hits Japan
TOKYO – Japan’s local assessment of the economy has put pressure on exports and industrial production. Due to the global economic slowdown, they have advised companies to cut back on their production until trends pick up. This of course, poses as a problem for manufacturers because that would mean that they will have trouble recovering...
Nintendo Recorded Lower Losses
TOKYO – Nintendo, the maker of video game consoles in the world, reported lower than expected loss in its fiscal first quarter due to cost cutting and the launch of new games. The franchise creator of Super Mario stuck to its forecast full-year operating profit that date back to 35.000 billion yen (447 million),...
Crisis in Europe Threatens Japan
TOKYO, Japan – The debt crisis of Europe remains the biggest risk to Japan’s economy and could potentially affect its financial system, said Bank of Japan Governor, Masaaki Shirakawa, noting that the bank is ready to act if the market problems threaten a fragile recovery. Shirakawa stuck to the BOJ’s stance that the third...
Improvement in the Nintendo 3DS
TOKYO – The Japanese company, Nintendo Co., raised its third-dimensional hand-held device with screens that are nearly double the previous model, amid intense competition with multifunctional phones and tablets to try to lure fans of video games. The Tokyo-based company, creator of Super Mario games and the Wii home console, reported Friday that the...
