Tokyo - There have been no serious buyers for the Honda Formula One team, the company's CEO told a press conference in Tokyo Monday.
"There are various offers for the team but we have not seen any serious buyer yet," Takeo Fukui said. "We find the sale process difficult."
The second-largest Japanese carmaker announced its withdrawal from the sport last December because of the global economic crisis, sending shockwaves through the sport.
Tokyo - Japan and the United States are ready to work together to tackle the global economic slowdown when the leaders of the two nations meet Tuesday at the White House, a senior Japanese Foreign Affairs Ministry official said Monday.
The heads of the world's two largest economies were expected to agree to fight protectionism as Japanese Prime Minister Taro Aso becomes the first foreign leader to visit US President Barack Obama in Washington, the official said.
Japan had earlier conveyed its opposition to a "buy American" provision in a 787- billion-dollar US economic stimulus package signed into law last week.
Tokyo - Japan's central bank on Thursday decided to keep the short-term interest rate unchanged at 0.1 per cent as the nation suffers through the worst recession in its postwar era.
The Bank of Japan's policy board voted unanimously to forego an rate hike at the end of a two-day meeting after it lowered the rate from 0.3 per cent in December.
Tokyo - Japanese Prime Minister Taro Aso on Thursday apologized for having to replace his finance minister during a recession and while the budget was being debated and accepted responsibility for appointing Shoichi Nakagawa to the post.
"The responsibility for appointing him to a cabinet minister resides on me, of course," Aso told the House of Representatives Budget Committee in response to an opposition party demand for an apology.
Tokyo - There have been no serious buyers for the Honda Formula One team, the company's CEO told a press conference in Tokyo Monday.
Tokyo - Japan and the United States are ready to work together to tackle the global economic slowdown when the leaders of the two nations meet Tuesday at the White House, a senior Japanese Foreign Affairs Ministry official said Monday.
Tokyo - The Tokyo s
Tokyo - The Tokyo market ended Friday morning trading lower after stocks on Wall Street fell to their lowest levels in more than six years.
Tokyo - Japan's central bank on Thursday decided to keep the short-term interest rate unchanged at 0.1 per cent as the nation suffers through the worst recession in its postwar era.
Tokyo - Japanese Prime Minister Taro Aso on Thursday apologized for having to replace his finance minister during a recession and while the budget was being debated and accepted responsibility for appointing Shoichi Nakagawa to the post.
