Japan

Toyota to cut 2009 sales target by 1 million

Toyota to cut 2009 sales target by 1 millionTokyo  - Japan's largest carmaker, Toyota Motor Corp, pummeled by sharply falling demand, will cut its global sales target for next year by more than 1 million units to less than 8.5 million, news reports said Thursday.

Toyota expects a prolonged drop in demand in 2009 in Europe and the United States, while sales are expected to remain flat in Japan, the Nikkei business daily said.

Sales in the United States dropped by 34 per cent in November.

Kyocera Mita advances in takeover of German company

Kyocera Mita advances in takeover of German companyNuremberg, Germany - Japan's Kyocera Mita Corporation has obtained more than 50 per cent of the stock in Triumph-Adler AG, the German office services company said Wednesday.

The Osaka-based company last month said it aims to secure between 60 to 75 per cent of the German firm's share capital and was not planning to squeeze out any shareholders who remain.

Triumph-Adler makes and installs printing, copying and faxing systems for businesses.

Toyota iQ microcar in European showrooms next year

Toyota iQ microcar in European showrooms next yearTokyo - The Toyota iQ is heading for European showrooms in January 2009, challenging the Smart Fortwo and Fiat 500 in the microcar segment with an entry level price of 12,700 euros (16,338 dollars).

Measuring just under three metres in length, the iQ is 29 cm longer than the Smart but seats four people.

Average fuel consumption is listed at 4.3 litres per 100 kilometres with carbon dioxide emissions under 100 grams per kilometre. The three-cylinder engine has an output of 68 hp with a top speed of 150 km/h.

Japan stocks rise despite bad economic news

Japan stocks rise despite bad economic newsTokyo  - Stocks in Japan were up slightly on Wednesday despite bad news about the state of the country's economy and businesses.

The benchmark Nikkei 225 Stock Average was up 95.68 points, or 1.14 per cent, at mid-trading, as traders pin their hope on fiscal stimulus packages around the world.

The broader Topix index of all first-section issues rose 0.56 per cent to 822.5.

Protest ship hunts Japanese whalers

Protest ship hunts Japanese whalersSydney  - Japanese whalers in the Antarctic were warned Wednesday that they risked having their vessels rammed or boarded this hunting season.

"We've pretty much got the key to shutting them down," Paul Watson, captain of the Steve Irwin protest ship, told reporters in Hobart, Tasmania. "We just keep on them, keep them running and keep chasing them. As long as they're running, they're not killing whales."

Sony to cut 8,000 jobs worldwide

Sony to cut 8,000 jobs worldwideTokyo  - Japanese electronics giant Sony Corp announced Tuesday plans to cut 8,000 jobs worldwide as a result of the global economic crisis.

The world's second-largest maker of consumer electronics hopes to save more than 100 billion yen (1.1 billion dollars) by the measure, which affects about 4 per cent of its
160,000-strong global workforce.

The job cuts, which go with plans to scale back investments and pull out of some business sectors, will be made at the beginning of the next business year on April 1, 2009, the company said.

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