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☆ Japan Inc set to offer big wage hikes, paving way for end to negative rates
  + stars: | 2024-03-13 | by ( ) www.cnbc.com   time to read: +2 min
Some of Japan's biggest companies are expected to formally offer sizeable pay increases at annual talks with unions that wrap up on Wednesday, clearing the way for the central bank to end negative interest rates as early as next week. Some of Japan's biggest companies are expected to formally offer sizeable pay increases at annual talks with unions that wrap up on Wednesday, clearing the way for the central bank to end negative interest rates as early as next week. Economists see substantial wage increases as a prerequisite for the Bank of Japan, or BOJ, to declare that its long-held goals of sustainable wage growth and stable prices are in sight and usher in an end to negative rates in place since 2016. As a result, some analysts expect this year's wage increases at 5% or more, from just under 4% previously. Unions across industries, including automobiles, electronics, metals, heavy machinery and the service sector have all demanded hefty pay hikes.
Organizations: Toyota Motor, Japan's, Bank of Japan, Workers Locations: Toyota, Nagoya, Japan
☆ In EV battle, Toyota bets on new technology and old-school thinking
  + stars: | 2023-09-18 | by ( David Dolan | ) www.reuters.com   time to read: +5 min
He pointed to engineering and technology expertise anchored in "TPS", shorthand for the Toyota Production System. Toyota revolutionised modern manufacturing with its system of lean production, just-in-time delivery and "kanban" workflow organisation. ASSEMBLY LINE, GIGACASTINGOne innovation being emphasised by Toyota is its self-propelled production lines, where EVs are guided by sensors through the assembly line. Toyota also showed off a prototype of the die-casting technology known as "gigacasting" pioneered by Tesla that produces aluminium parts far bigger than anything used before in auto manufacturing. Like Tesla, Toyota says it will produce EVs in modular sections, reducing parts.
Persons: EVs, Goldman Sachs, Kazuaki Shingo, Tesla, Koji Sato, David Dolan, Jamie Freed Organizations: Toyota, TOYOTA CITY, TPS, System, United Auto Workers, Tesla, Thomson Locations: Japan, gigacasting, Toyota City, Motomachi
☆ What happened to shut down Toyota's production in Japan?
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +4 min
WHAT HAPPENED TO SHUT DOWN TOYOTA'S PRODUCTION IN JAPAN? Toyota's production has been recovering this year, so the outage could be potentially more costly than the 2022 shutdown. Toyota's production in Japan - about a third of its global output - averaged about 13,500 vehicles a day in the first half of the year, Reuters calculations showed. WHAT IS TOYOTA'S PRODUCTION AND SUPPLIER MANAGEMENT SYSTEM? Toyota's system of lean production and just-in-time parts delivery has been adopted across the auto industry and widely studied.
Persons: Taichi Ono, Wiggly, Koji Sato, Akio Toyoda, Tesla, Daniel Leussink, Satoshi Sugiyama, Kevin Krolicki, Christopher Cushing Organizations: Toyota, Kyodo, REUTERS Acquire, Kojima Industries, Lexus, Daihatsu, Hino, TOYOTA, ITS, Thomson Locations: Toyota, Aichi Prefecture, Japan, JAPAN, United States
☆ Toyota to halt operations at all Japan assembly plants due to system failure
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +2 min
Employees of Toyota Motor Corp. work on the assembly line of Mirai fuel cell vehicle (FCV) at the company's Motomachi plant in Toyota, Aichi prefecture, Japan May 17, 2018. Toyota was looking into the cause of the problem, a spokesperson said, adding it was "likely not due to a cyberattack". Toyota suspended operations at 12 of its plants from Tuesday morning, with two remaining online. Production in Japan was up 29% in the first half of the year, the first such increase in two years. Toyota's operations ground to a halt last year when one of its suppliers was hit by a cyberattack.
Persons: Issei Kato, Satoshi Sugiyama, Miyoung Kim, Kevin Krolicki, David Dolan, Christopher Cushing Organizations: Toyota Motor Corp, REUTERS, Rights, Toyota, Daihatsu, Hino, Pacific, Thomson Locations: Toyota, Aichi prefecture, Japan, China, Tokyo
☆ Toyota's Japan production at standstill as system failure hits assembly plants
  + stars: | 2023-08-29 | by ( ) www.cnbc.com   time to read: +1 min
Workers of Japanese automobile giant Toyota Motor assemble vehicles at the company's Motomachi plant near Nagoya, Japan on July 30, 2018. Toyota Motor on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world's biggest-selling automaker. Toyota suspended 12 plants in its home market from Tuesday morning and added the final two from the afternoon, the spokesperson said. Toyota's domestic production had been on the rebound after a series of output cuts it blamed on semiconductor shortage. Its Japan output averaged about 13,500 vehicles daily in the first half of the year, Reuters calculations showed.
Organizations: Toyota Motor, Toyota, Daihatsu, Hino Locations: Nagoya, Japan
☆ Toyota to restart Japan production on Wednesday after system failure
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +3 min
SummaryCompanies Toyota suspends production at all 14 domestic assembly plantsSystem failure preventing Toyota from ordering partsCause under investigation, not likely to be a cyberattackPlants make up third of Toyota world output -Reuters calculationStock closes down 0.2%TOKYO, Aug 29 (Reuters) - Toyota Motor (7203.T) will restart operations at its assembly plants in Japan on Wednesday, after a production system malfunction brought domestic output to a halt at the world's biggest-selling automaker. The plants together account for about a third of the automaker's global production, Reuters calculations showed. Toyota's domestic production had been on the rebound after a series of output cuts it blamed on semiconductor shortages. ​ Its Japan output averaged about 13,500 vehicles daily in the first half of the year, Reuters calculations showed. Toyota is a pioneer of just-in-time inventory management, which keeps down costs but means supply chain snarls put production at risk.
Persons: Seiji Sugiura, Satoshi Sugiyama, Miyoung Kim, Kevin Krolicki, Daniel Leussink, David Dolan, Christopher Cushing, Mark Potter Organizations: Toyota, Daihatsu, Hino, Kyodo, REUTERS Acquire, Analysts, Tokai Tokyo Research Institute, Toyota Industries, Thomson Locations: TOKYO, Japan, ​, Toyota, Aichi Prefecture, China
☆ Japan launches whale meat vending machines to promote sales
  + stars: | 2023-01-28 | by ( Associated Press | ) www.nbcnews.com   time to read: +2 min
“As a result, many consumers who want to eat it cannot find or buy whale meat. Kashiwabara says she is aware of the whaling controversy but that whale meat brings back her childhood memories of eating it at family dinners and school lunches. But whale meat is part of Japanese food culture and we can respect the lives of whales by appreciating their meat,” Kashiwabara said. Still, conservative governing lawmakers staunchly support commercial whaling and consumption of the meat as part of Japan’s cultural tradition. Conservationists say whale meat is no longer part of the daily diet in Japan, especially for younger generations.
☆ Japan whaling firm pins hopes on vending machines to revive sales
  + stars: | 2023-01-24 | by ( Chris Gallagher | ) www.reuters.com   time to read: +3 min
[1/6] A customer buys whale meat on the opening day of the shop by a Japanese whale-hunting company with vending machines, in Yokohama, Japan, January 24, 2023. REUTERS/Androniki ChristodoulouYOKOHAMA, Jan 24 (Reuters) - A Japanese whaling firm unveiled vending machines offering whale sashimi, whale steak and whale bacon in Yokohama on Tuesday in hopes of reviving sales of a food long in decline and shunned by many supermarkets. At its peak in 1962, annual whale meat consumption was 233,000 tonnes. Conservationists say moves to promote whale meat are desperate attempts to revive interest in a struggling business. Whale meat advocates point to its high protein content and low carbon footprint compared with other meats.
☆ Toyota considers sharp boost in output of first EV, but not before 2025, sources say
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Oct 26 (Reuters) - Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according to three people with knowledge of the developing plans, ramping up output of the vehicle amid a broader strategy rethink. The car is produced at Toyota Motor Corp's Motomachi plant near its headquarters on a shared assembly line with gasoline cars and hybrids. Both the current and potential production numbers include those of the Subaru Corp Solterra, which is made on the same platform. The increase would see Toyota add production at another plant near its headquarters, the Takaoka factory, said the three people, all of whom spoke on condition of anonymity because the information was not public. Reporting by Maki Shiraki; Writing by Kevin Krolicki; Editing by David DolanOur Standards: The Thomson Reuters Trust Principles.
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