Japan Forward: Aug 2012, Wk 1

葉月[ha-zuki]: Japanese traditional expression of August (Calligraphy: Akiko Fujii)

"JAL profit doubles to ¥27 billion" -- and five more news headlines that will tell you how Japan goes forward.


JAL profit doubles to ¥27 billion
Kyodo
Friday, Aug. 3, 2012
Japan Airlines Co. said Thursday its group net profit for the April-June first quarter more than doubled to ¥26.94 billion from the year before, helped by cost-cutting efforts it has been pursuing to become a publicly traded company again after going bankrupt….(Japan Times)

Sumitomo to join U.S. oil project
Kyodo
Friday, Aug. 3, 2012
Sumitomo Corp. said Thursday it has agreed to buy a 30 percent stake in an oil development project in Texas for around $1.37 billion….(Japan Times)

MMC to boost Thai output capacity for Mirage vehicles
Kyodo
Friday, Aug. 3, 2012
Mitsubishi Motors Corp. will ramp up its output capacity in Thailand during fiscal 2013 to build a sedan version of the Mirage for global export….(Japan Times)


New car sales rise 37.5%, up for 10th month
Kyodo
Friday, Aug. 3, 2012
New vehicle sales rose 37.5 percent in July from a year earlier to 513,125 vehicles, the 10th consecutive month of increase, driven in part by the government subsidies for purchases of environmentally friendly vehicles….(Japan Times)

Americans return to Japanese cars in droves
AP
Friday, Aug. 3, 2012
DETROIT — Just when Detroit seemed to be luring them away, Americans are embracing Japanese cars again….(Japan Times)

New growth strategy to focus on autos, FTAs
Kyodo
Tuesday, July 31, 2012
The government Monday gave a tacit nod to a new economic growth strategy containing numerical goals for 2020, including one to make environmentally friendly vehicles account for 50 percent of new car sales by that time, and one to make free-trade pacts with other countries account for 80 percent of trade….(Japan Times)

Courtesy Japan Times

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