Monday, June 10, 2013

Newsletter, June 10th, 2013.

Japanese Customer Newsletter, June 10th, 2013.

By

Peter Hanami



#1. High Speed Rail Travel



"The public got a rare chance to view a linked up prototype of the super-fast maglev "floating" train on its test track here June 3…The train was designed to operate at 500 kph."


Source: Prototype of high-speed maglev train shown to public
June 03, 2013
Asahi Shimbun
http://ajw.asahi.com/article/economy/technology/AJ201306030104





#2. Finance



"Japan's government is set to urge the nation's public pension funds--a pool of over $2 trillion--to increase their investment in equities and overseas assets as part of a growth strategy"


Source: Abe to urge review of Japan's public fund strategy
Asahi Shimbun
June 04, 2013
Reuters
http://ajw.asahi.com/article/economy/AJ201306040018







#3 Outsourcing jobs offshore



"The "hollowing out" of Japanese industry is irreversible. That helps to explain the growing empty office space in buildings across Tokyo. According to Teikoku Databank, 221 software companies went under in Japan last year, the highest number ever."



Source: Overseas job outsourcing heralds low-wage competition
June 04, 2013
Asahi Shimbun
http://ajw.asahi.com/article/economy/AJ201306040010





#4. Finance



"The International Monetary Fund on Friday gave a cautious thumbs up to Japan’s economy-boosting efforts, but warned there are “considerable downside risks” if Tokyo doesn’t chop its huge national debt."


Source: IMF backs Japan's 'Abenomics' but warns of risks
By Hiroshi Hiyama, JUN. 01, 2013, Japan Today
http://www.japantoday.com/category/politics/view/imf-backs-japans-abenomics-but-warns-of-risks





#6. Online Pharmacy Sales



"The government decided ….to lift a ban on online sales of more than 99 percent of nonprescription drugs in Japan, as a pillar of its economic growth strategy…. officials said."


Source: Govt To Lift Ban On Online Sales Of 99% Of Over-The-Counter Drugs
Tuesday, June 4, 2013
The Nikkei
http://e.nikkei.com/e/fr/tnks/Nni20130604D04JF869.htm





#7. Politics


"The Democratic Party of Japan (DPJ) is set to pledge during its campaign for the upcoming House of Councillors election to disclose the names of companies that fail to pay overtime allowances to employees or engage in other illegal labor practices."


Source: DPJ makes campaign pledge to reveal firms that fail to pay overtime to workers
Mainichi Shimbun
June 04, 2013
http://mainichi.jp/english/english/newsselect/news/20130604p2a00m0na012000c.html



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