Latest news with #MitsubishiSpaceJet
Yomiuri Shimbun
10 hours ago
- Business
- Yomiuri Shimbun
Japanese PM Ishiba States Eagerness to Expand Japan-U.S. Cooperation in Aircraft Production, Development
Prime Minister Shigeru Ishiba expressed his willingness to expand cooperation between Japan and the United States in the field of aircraft manufacturing and development in an interview with The Yomiuri Shimbun. The statement comes in connection with bilateral negotiations on U.S. tariffs. During the interview on Friday, Ishiba said Japan-U.S. cooperation would lead to the development of global markets and the expansion of employment in both countries. He also expressed his eagerness to 'create a new Japan-U.S. relationship that will be mutually beneficial.' Ishiba cited aircraft, along with shipbuilding, which has been one of the major items in the tariff talks, as an area where Japan-U.S. cooperation is expected to become increasingly important in terms of economic security. Referring to Mitsubishi SpaceJet — a passenger jet that Mitsubishi Heavy Industries, Ltd. was to produce in Japan, but abandoned in 2023 — Ishiba said, 'There are many sectors that can be utilized in the course of developing and producing aircraft in the United States.' He proposed that the company's technology be utilized in the joint development of aircraft by Japan and the United States. Ishiba also cited the Boeing 787 series aircraft, which some people call a 'quasi-Japanese aircraft,' because about 35% of its fuselage is made in Japan. Using that example, he indicated the aim of expanding the use of materials and parts made by Japanese manufacturers in aircraft manufacturing in the United States. The administration of U.S President Donald Trump has demanded that Japan boost its investment in the United States and reduce the U.S. trade deficit with Japan. In the interview, Ishiba reiterated his stance to emphasize Japan's track record of investment in the United States in making a breakthrough in the negotiations. 'We will reduce the deficit from the perspective of the United States and the surplus from the perspective of Japan, aiming for zero [in trade balance],' he said.
Yahoo
08-04-2025
- Business
- Yahoo
Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows
TOKYO (Reuters) - Japan's bankruptcy filings in fiscal 2024 totalled 10,144, the most in 11 years, credit research firm Tokyo Shoko Research (TSR) said on Tuesday, amid rising uncertainties around the Bank of Japan's rate hike schedule. The number of bankruptcies in the 12 months to March was the largest since fiscal 2013's 10,536, and grew by 12% from the previous year, according to TSR. Most industries, except for financial and transportation sectors, had more bankruptcies than in the previous year, the data showed. However, the total amount of debt in bankruptcy was 2.37 trillion yen ($16.08 billion) in fiscal 2024, down from 2.46 trillion yen in fiscal 2023, as relatively more small- and mid-sized firms went bankrupt, TSR said. The largest debtor was the former Mitsubishi Aircraft Corp, which was liquidated last year with 641 billion yen in debt, after the termination of the Mitsubishi SpaceJet commercial airplane project, according to TSR. Bankruptcy data is one of the indicators BOJ policymakers monitor to gauge the Japanese economy's soundness. Governor Kazuo Ueda has said the central bank will keep raising interest rates if sustained wage hikes, including at smaller firms, support consumption-led economic growth. ($1 = 147.4100 yen)
Reuters
08-04-2025
- Business
- Reuters
Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows
TOKYO, April 8 (Reuters) - Japan's bankruptcy filings in fiscal 2024 totalled 10,144, the most in 11 years, credit research firm Tokyo Shoko Research (TSR) said on Tuesday, amid rising uncertainties around the Bank of Japan's rate hike schedule. The number of bankruptcies in the 12 months to March was the largest since fiscal 2013's 10,536, and grew by 12% from the previous year, according to TSR. Most industries, except for financial and transportation sectors, had more bankruptcies than in the previous year, the data showed. However, the total amount of debt in bankruptcy was 2.37 trillion yen ($16.08 billion) in fiscal 2024, down from 2.46 trillion yen in fiscal 2023, as relatively more small- and mid-sized firms went bankrupt, TSR said. The largest debtor was the former Mitsubishi Aircraft Corp, which was liquidated last year with 641 billion yen in debt, after the termination of the Mitsubishi SpaceJet commercial airplane project, according to TSR. Bankruptcy data is one of the indicators BOJ policymakers monitor to gauge the Japanese economy's soundness. Governor Kazuo Ueda has said the central bank will keep raising interest rates if sustained wage hikes, including at smaller firms, support consumption-led economic growth. ($1 = 147.4100 yen)
