BOJ reduces key interest rate to 0.1%

BOJ reduces key interest rate to 0.1%
By HIROKO NAKATA

The Bank of Japan cuts its key interest rate to 0.1 percent from 0.3 percent in the face of pressure to take a bold step to check the yen's rise and provide more liquidity to cash-strapped firms amid the deepening recession.
http://www.japantimes.co.jp/

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Honda reduces profit forecast by 60%

Honda reduces profit forecast by 60%

Honda Motor slashes its profit forecast by more than 60 percent and cuts managerial pay by 10 percent as the global economic downturn pummels the auto industry.
http://www.japantimes.co.jp/

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Toyota and Isuzu joint engine plan suspended

Toyota and Isuzu joint engine plan suspended

Toyota says it has frozen a joint project with Isuzu Motors to develop a diesel engine for small vehicles as it moves to curb research and development costs amid the global economic slump.
http://www.japantimes.co.jp/

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Corporate malaise worst in 34 years

Corporate malaise worst in 34 years
By TAKAHIRO FUKADA

Large manufacturers have suffered their steepest fall in confidence in 34 years as the global financial crisis eroded profits, especially for carmakers, the Bank of Japan "tankan" survey shows.
http://www.japantimes.co.jp/

Toyota considers cutting executives' bonuses in fiscal 2008

Toyota considers cutting executives' bonuses in fiscal 2008

Toyota Motor Corp. mulls substantial cuts in bonuses paid to its executives as part of cost-cutting efforts amid rapidly deteriorating business performance.
http://www.japantimes.co.jp/

Tokyo, Beijing, Seoul unite in face of crisis

Tokyo, Beijing, Seoul unite in face of crisis
By JUN HONGO

Leaders of Japan, China and South Korea pledge to enhance coordination to counter the global economic turmoil in their first-ever trilateral summit.
http://www.japantimes.co.jp/

Aso's latest stimulus worth ¥23 trillion

Aso's latest stimulus worth ¥23 trillion
By MASAMI ITO

Prime Minister Taro Aso unveils a ¥23 trillion stimulus package that will allow up to ¥12 trillion in public funds to be injected into financial institutions, far more than the ¥2 trillion initially planned.
http://www.japantimes.co.jp/

Toyota may again cut target

Toyota may again cut target

Toyota may slash its global sales goal for 2009 to fewer than 8.5 million vehicles, down more than 1 million from its earlier goal.
http://www.japantimes.co.jp/