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13 Feb. Fourth-quarter GDP, positive growth continued for four quarters in a row
According to the primary breaking news of the gross domestic product (GDP) of the fourth-quarter 2016 (October to December 2016) announced by the Cabinet Office, a real growth rate except the influence of the change of commodity prices increased by 0.2% as compared to the third quarter (July to September 2016). This growth is equivalent to the growth of 0.1 % when convert it into an annual growth. This figure resulted in the consecutive positive growth for four quarters or one year.
Comments: The growth owns to trade surplus in 2016. Reducing growth of consumer consumption is still worrisome for the health of national economy.
14 Feb. Transformers installed in town, used for electronic signboards and battery chargers, developed by Panasonic and TEPCO
Panasonic and Tokyo Electric Power Company (TEPCO) plan to push forward a project to utilize a transformer in a box shape installed in cities to attach equipment of advertisement or information board. Using the space on the transformer, the companies plan to enable charging of an electronic signboard and vehicles. Panasonic showed a trial product in Tokyo on 13th. The service is planned to start in 2018.
Comments: It is a part of IoT project promoted by Panasonic and TEPCO.
15 Feb. Toshiba, a possible sell off the semiconductor stock to avoid liabilities exceeding the assets at the end of FY 2016 or March
Toshiba reported a loss of 712,500 million yen over the atomic energy business in the U.S. from the settlement of accounts (American accounting standards) for the period of April to December 2016, and announced the deficit prospect of USD 4.4 million as a net profit or loss (a deficit of the same period a year ago was USD 4.2 million). The company felt into exceeding liability at the end of December 2016. Toshiba will consider to raise a ratio of stocks to sell the new company of semiconductor business to be branched out from less than 20% to over 50% to avoid liabilities exceeding the assets at the end of FY 2016 or March.
Comments: What to see in Toshiba’s saga is that what’s happening in the company is a consequence of lack of appropriate governance and mechanism to fix it that lasted for years till now.
16 Feb. Debate heated at the Diet over the proposed regulations on passive smoking
The debate on the cigarette is in fire in Nagatacho (the Japanese Diet). The regular smokers across the ruling and opposition parties resist against the proposed bill which is to introduce stronger measures against the passive smoking that the government is preparing taking into account the coming Tokyo Olympic Games and the Paralympics in 2020. The Japanese smoking habit is criticized as “the worst in the world”.
Comments: It is a shame that members of the Diet put their ego forward while the public interests behind.
17 Feb. Automatic running of row of trucks on highway, the Japanese Government to experiment from 2018
“Future investment meeting” (chairperson, Prime Minister Shinzo Abe) , a mission of which is to formulate a growth strategy of the Government pulled together an implementation plan to partially realize the automatic driving of cars that does to require drivers in 2020. Recognizing that competition over the development of automatic driving becomes fierce in international markets, the Government intends to hold a superior position in the world by hurrying a proof experiment.
Comments: The field experiment is a large step forward, even though many changes of road transportation are envisaged, such as driving regulation, highway structure, etc.
- All the news items are picked up from “Asahi Digital”, and summarized and translated by Europe-Japan Dynamics. The articles are not an official translation by the Asahi Newspaper.