Home buyers and sellers have been left in limbo as surveyors have dramatically reduced property valuations in the aftermath of the coronavirus crisis. With house prices falling in many areas and transaction levels down, surveyors have started to issue more cautious estimates amid fears that properties could be overvalued. A […]
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Shigeru Yokota, tragic figure in North Korea abductions issue, dies
TOKYO (Kyodo) — Shigeru Yokota, father of Megumi Yokota, a symbolic figure in the issue of North Korea’s abductions of Japanese nationals in the 1970s and 1980s, died Friday, a source close to him said. He was 87. Yokota, who worked with other abduction victims’ relatives in pressing the government to […]
Israel’s blossoming China ties become thorny issue with US
TOKYO — Israel is at the center of an escalating tug of war between the U.S., its longtime ally, and China, an investor it has courted for years. This week, a company backed by Hong Kong billionaire Li Ka-shing’s CK Hutchison conglomerate lost a bid to build one of the […]
Coronavirus brings thorny issue of worker treatment to the marketing fore
Early in May, Tim Bray, a senior engineer at Amazon, resigned from the company, drawing a swarm of media attention. In a blog post, Bray wrote he had “snapped” over a series of firings at the e-commerce giant, most recently of warehouse workers who complained they were not receiving adequate […]
Nissan to raise up to 500 billion yen in first bond issue in 4 years
TOKYO — Nissan Motor has registered with the Japanese government to issue up to 500 billion yen ($4.7 billion) in bonds within two years to prepare for a possible deterioration of earnings by increasing funds on hand. The major Japanese automaker, which registered its first corporate bond issue in four […]
MUFG to issue Japan’s first ‘coronavirus bond’
TOKYO — Japan’s Mitsubishi UFJ Financial Group will issue a corporate bond in response to the coronavirus pandemic, a first for the country. The financial services behemoth aims to issue a 60 billion yen ($559 million) bond by early June. Funds raised through the bond will be used to help […]