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Japan to let companies shield directors from big liability claims

Politics Protection for top executives aims to encourage bold management decisions Japan hopes that limiting liability claims against executives will encourage them to make growth investments. (Photo by Nanami Sato) TOKYO — Japan will as early as 2027 limit the compensation directors must pay when found liable for business-related damages, aiming to ease concerns about shareholder […]

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NTT punts profit target by 3 years as Japan mobile unit Docomo struggles

Telecommunication Poor earnings in cash cow business could slow group’s growth investments NTT’s mobile unit has faced customer attrition due to poor connectivity in urban areas. (Photo by Satoko Kawasaki) TOKYO — Japanese telecommunications group NTT has pushed back a major profit target by three years, the company said Friday, as a slump at mobile unit and earnings driver NTT […]

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Croatia aims to be part of India-Europe corridor, prime minister says

Croatian Prime Minister Andrej Plenkovic said that “transatlantic ties are the backbone of the modern world.” (Photo by Natsuki Kaneko) SHOGO AKAGAWA and NATSUKI KANEKO DUBROVNIK, Croatia — Croatia “wants to be part” of the India-Middle East-Europe economic corridor, with its ports serving as the European Union’s entry points for goods coming from the Pacific, Prime […]

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Honda slips into first operating loss as it reevaluates EV strategy

Automobiles Red ink is among the largest recorded by Japanese automakers Honda Motor has been forced to revise its electric vehicle strategy, including canceling three EV model launches planned for North America. (Photo by Mayumi Tsumida) TOKYO — Honda Motor recorded an operating loss of approximately 400 billion yen ($2.55 billion) for the fiscal year that ended in March, Nikkei […]