Friday morning Japan business headlines
October 19, 2007
By Ken Worsley
It’s official: The Cabinet has approved a rate fare for taxis in the Tokyo area. There’s no word yet on how the breakdown in voting went, but it passed. The basic taxi fare in Tokyo will rise from 660 yen to 710 yen on December 3rd. The Ministry of Transportation still has to approve the plan.
Japan Air Lines, which is still stripping down personnel costs and selling off assets, is preparing to sell its credit card division to the highest bidder. Whether JAL intends to sell all or part of the credit card unit is not yet clear.
According to the Yomiuri Shimbun, 60% of public projects in Japan are never put to tender. By law, all contracts for public projects should be tendered publicly under competitive bidding, unless the work is urgent or the contract very small.
The Australian wins our ‘bad headline pun’ award in an article today on Prime Minister Yasuo Fukuda: Japan’s rising son has no plan to illuminate any big picture reform
The Financial Times has done a writeup on Japan’s flagging market for housing starts.
Filed Under Airlines, Business, Politics, Services
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[…] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptIt’s official: The Cabinet has approved a rate fare for taxis in the Tokyo area. There’s no word yet on how the breakdown in voting went, but it passed. The basic taxi fare in Tokyo will rise from 660 yen to 710 yen on December 3rd. … […]
[…] You can read more here […]
[…] in October, we reported that Japan Airlines was ready to sell its credit card unit off to the highest bidder. Way back in June, we also reported that JAL, which carries 75 times more […]