Kyodo News Digest: June 25, 2021
Written by tokyoclub on June 25, 2021
The following is the latest list of selected news summaries by Kyodo News.
TOKYO – Disgruntled Toshiba Corp. shareholders voted Friday to remove its board chairman and another director responsible for oversight, in a debilitating blow to the Japanese industrial conglomerate engulfed by a governance scandal.
The outcome at a general shareholders’ meeting adds a new twist to the turmoil at Toshiba after an independent probe found it had colluded with the government in pressuring foreign activist investors in the run-up to a general shareholders meeting last year.
TOKYO – Official campaigning for the Tokyo metropolitan assembly election kicked off Friday, an event regarded as the prelude to a lower house election to be held by this fall.
The main focus of the July 4 election is whether the Liberal Democratic Party and the Komeito party — which form the ruling coalition in parliament — will prevail over Tomin First no Kai, or Tokyoites First party, founded by Tokyo Gov. Yuriko Koike.
TOKYO – Japan will donate 1 million coronavirus vaccine shots each to Indonesia, Malaysia, the Philippines and Thailand starting next week, Japanese Foreign Minister Toshimitsu Motegi said Friday.
Tokyo will also offer 1 million shots each to Taiwan and Vietnam, in addition to the batches of 1.24 million and 1 million shots it provided them, respectively, earlier in the month, Motegi told a regular press conference.
TOKYO – Japan’s population including foreign residents fell 0.7 percent from 2015 to 126,226,568 as of Oct. 1, 2020, dropping out of the world’s top 10 in size for the first time since 1950, the latest census and U.N. estimates showed Friday.
The data adds pressure on Prime Minister Yoshihide Suga’s government to try to slow the population decline in the world’s third-largest economy. With a rapidly graying society, the number of newborns in 2020 fell to a record low of 840,832, partly due to the novel coronavirus pandemic.
Japan household assets hit record on more savings, stock rises
TOKYO – Assets held by Japanese households rose 7.1 percent from a year earlier to a record 1,946 trillion yen ($17 trillion) at the end of March as consumers reduced spending amid the pandemic and stock prices recovered, the Bank of Japan said Friday.
Cash and deposits expanded to 1,056 trillion yen, up 5.5 percent, or 54.3 of total household assets, marking the largest on a fiscal year-end basis, according to the BOJ.
Panasonic sells entire stake in electric carmaker Tesla
OSAKA – Panasonic Corp. had sold its entire stake in U.S. electric vehicle giant Tesla Inc. by March for about 400 billion yen ($3.6 billion) to invest the proceeds in growth areas, a company official revealed Friday.
Panasonic supplies lithium-ion batteries to Tesla. The Japanese company said the sellout did not impact their cooperative ties and it maintains a good business relationship with the EV maker.
NEW YORK – At least one person has died and 10 are injured while 99 residents remain unaccounted for after part of a 12-story condominium collapsed early Thursday in a seaside suburb of Miami, Florida, U.S. media reported, citing local authorities.
While there is concern that the death toll could rise, it is also unclear how many residents were staying in the building at the time of the accident, as some are believed to live in the Miami area only part of the year.
WASHINGTON – The U.S. government said Thursday it has imposed an import ban on a China-made solar panel material and taken other actions against Chinese companies over allegations of forced labor in an effort to root out unethical practices from U.S. supply chains.
The move, which includes banning imports of silica-based products made by Hoshine Silicon Industry Co., comes as the administration of President Joe Biden steps up pressure on Beijing over allegations of human rights abuses, including forced labor, against the Muslim Uyghur minority in China’s far-western Xinjiang region.