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Please enjoy fresh & hot news from Japan with comments by Europe-Japan Dynamics.
6 Jan . Mr. Tramp criticized Toyota for its plan to build a new factory in Mexico, “Should build it in the US!”
The President Elect Mr. Trump criticized Toyota by his tweet for the company’s plan to build a new factory in Mexico, saying, “You should build it in the US, or otherwise pay a high import tax”. Having attacked US automobile major, Ford and other companies to stop building relocating factories outside the US, he shot an arrow of criticism to a Japanese company for the first time after the US presidential election.
Comment: Government intervention in economic activities must be done with much care, as economic activities always run before the governments actions in the history.
11 Jan. The new imperial era name to start from 1 Jan. 2019, assuming the abdication on the previous day
The government started examining ways to allow the Crown Prince to succeed to the throne to the new Emperor on January 1, 2019, and to commence the new imperial era name on the same day, following abdication of His Majesty the Emperor. It was judged that the change of an era on the New Year’s Day was desirable to minimize consequences on life of the public. If things go advance in line with the present plan, the present His Majesty will step down from the throne on December 31, 2018, and the Heisei will close a curtain on the 30th year.
Comments: It should not be forgotten to discuss and establish a set of general rules for the emperor to step down from the throne. Otherwise, one might face the same issues for the next emperor, when the life time of the population is becoming longer and longer.
12 Jan. The Nikkei Average to close with 229 Yen lower, upset by an expression of dissatisfaction by Mr. Trump
Stock price of the Tokyo stock market decreased after an interval of two days due to a mass selling caused by disappointment after a press conference of the President elect, Mr. Trump.
Comments: Would the stock exchange markets continue reaction sensitively to Mr. Trump for the coming four years?
13 Jan. Detection of drowsy driving, health check of cows, etc., an increasing number of wearable terminals are being released to the markets
Toyobo, a textile major, and Union Tool, a vendor of medical equipment, announced that they had developed the underwear that alerted a driver when it detected that he/she was falling asleep and that the companies planned to put it on sale before the end of this year. The underwear is intended to prevent an accident by having drivers of bus or taxi wear. An increasing number of clothes-shaped wearable terminals are being developed as they may be worn more naturally than glasses type terminals.
Comments: We’ll be wearing wearable devices in as it is literally meant.
- 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.