17 Articles
Report
Japan may veto Lebanon's IMF bailout until officials agree to deport Ghosn

Lebanon's public debt hovers in the vicinity of $90 billion

Report
Nissan files civil suit against Ghosn, seeking $91 million in damages

The claim was calculated by adding the costs from what Nissan called Ghosn's 'corrupt practices'

Nissan filed a civil suit Wednesday seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former Chairman Carlos Ghosn. Nissan Motor Co. filed the case in Yokohama District Court to recoup some of the monetary damages suffered, it said, “as a result of years of misconduct and fraudulent activity" by Ghosn. The claim was calculated by adding the costs from what Nissan called Ghosn's “corrupt practices,” such as rent for overseas property, use of corporate jets and paymen

Report
Carlos Ghosn's lawyers in Japan quit after client's flight to Lebanon

Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges

One of the Japanese lawyers for former Nissan Chairman Carlos Ghosn has stepped down from that job after his client fled the country. Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges. Hironaka said in a statement that the entire team working on the case at his office will quit but did not outline reasons.

Report
Yamaha warns to stay out of large musical instrument cases after Ghosn escape

'We won't mention the reason,' but cases are for instruments, not people

Yamaha Corporation, has warned people not to try and squeeze inside musical instrument cases after reports former Nissan Motor boss Carlos Ghosn fled Japan concealed inside in one. Ghosn, who is accused of hiding earnings, transferring investment losses to Nissan and misappropriating company funds, escaped from Japan at the end of December for Lebanon. The former auto executive and fugitive has declined to reveal how he slipped past Japanese airport security, or confirm media reports accomplic

Japan minister launches counterattack after Ghosn blasts justice system

'My impression ... was that there were few statements that were backed by any real evidence'

Japan's justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country's legal system as allowing him "zero chance" of a fair trial as he sought to justify his escape to Beirut. In an effort to undo Ghosn's attempt to sway public opinion in his favor, Justice Minister Masako Mori followed shortly with a statement, translated into English and French, and held a news conference after midnight and again around 9:30 a.m. on

Report
Lebanon imposes travel ban on ex-Nissan boss Carlos Ghosn

Ghosn's Lebanese lawyer said he is 'very comfortable' with the proceedings in Beirut

A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, judicial sources said, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges. Ghosn fled Japan to Lebanon, his childhood home, last month as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies. The Lebanese judicial authorities also asked Japan for its file

Report
Japan calls Ghosn's escape inexcusable and vows tighter immigration checks

'The flight of a suspect while out on bail is never justified'

Japan's justice minister on Sunday called the flight of former Nissan Chairman Carlos Ghosn as he awaited trial on financial misconduct charges inexcusable and vowed to beef up immigration checks. Justice Minister Masako Mori said she had ordered an investigation after Ghosn issued a statement a few days ago saying he was in Lebanon.

Followup
Ghosn flight prompts renewed focus on Japan's strict justice system

'I would expect it to be more difficult for foreign defendants to get bail'

Carlos Ghosn's daring flight from Japan, where he was awaiting trial on charges of financial wrongdoing, has revived global criticism of the nation's "hostage justice," but in Japan is prompting talk of reversing more lenient curbs on defendants. Japanese civil rights groups and the main bar lawyers association have long criticized a system that convicts 99.9% of criminal defendants.

Report
Lebanon gets Interpol fugitive notice for Carlos Ghosn as escape details emerge

His escape from Japan 'was a very professional operation from start to finish'

Lebanon's justice minister said Thursday that Lebanon has received an international wanted notice from Interpol for Nissan’s ex-chair Carlos Ghosn, four days after he fled Japan to Lebanon before a trial on financial misconduct charges. Interpol’s so-called Red Notices are requests to law enforcement agencies worldwide that they locate and provisionally arrest a wanted fugitive.

Report
Nissan likely to be fined $22 million by Japan's markets watchdog

Former Chairman Carlos Ghosn was arrested in Tokyo last year over allegations of financial misconduct

Japan's markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday. Nissan's former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring pe

Report
Carlos Ghosn, a year after arrest, still seeks trial date and access to evidence

Ghosn's lawyers have asked the court to dismiss all charges against him

A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct. The once-feted executive has spent 129 days in detention since his arrest shortly after his private jet touched down at a Tokyo airport on Nov. 19, 2018. Nissan sacked Ghosn, saying its internal investigations revealed misconduct ranging from understati

Report
Automakers expect Trump to delay tariff decision for Japan and EU

Officials have asked foreign automakers for a tally of investments they've made in the U.S.

Major automakers think U.S. President Donald Trump will again this week push back a self-imposed deadline on whether to put up to 25% tariffs on national security grounds on imported cars and parts from the European Union and Japan amid an ongoing trade war with China, five auto officials told Reuters. The anticipated delay -- expected to be announced later this week -- comes as foreign automakers are eager to highlight U.S. investments to try to dissuade Trump from using tariffs that they argu

Report
Subaru cuts annual profit outlook on strength of yen, typhoon impact

The United States is Subaru's biggest market, accounting for about 60% of overall sales

Subaru Corp lowered its annual profit forecast on expectations of a stronger yen and the impact on production from a typhoon last month, driving its shares down as much as 4.5%. Japan's smallest major automaker, which is owned a fifth by top-ranked Toyota Motor Corp , cut its forecast for operating profit to 220 billion yen ($2 billion) for the year ending March 2020, from a previous forecast of 260 billion yen. Subaru revised its forecast for the yen to average 107 versus the

Report
Tariffs on cars from EU, Japan and Korea 'may not be necessary'

The U.S. must decide by Nov. 14 whether to impose national security tariffs

Green
Tesla Powerwall home battery installations coming to Japan next spring

Company sees growth potential due to outages caused by natural disasters

Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia. The 13.5 kilowatt-hour (kWh) Powerwall can store power generated by solar panels and costs 990,000 yen ($9,135), including the Backup Gateway system which manages the grid connection, but excluding installation costs and retail tax. It will be sold directly online by Tesla or via certain third-par

Video
Cheap Nissan Skyline trove hides in hidden warehouse in rural Japan

Trust Kikaku sells cheap Skylines ready to go, plus plenty of parts

Report
Japan's foreign minister: U.S. trade talks bring peace of mind to automakers

Autos make up about two-thirds of Japan's trade surplus with the United States

Japanese foreign minister Toshimitsu Motegi said trade talks with the United States will bring peace of mind to farmers and automakers, according to an interview with public broadcaster NHK aired on Sunday ahead of a key bilateral meeting this week. Motegi handled talks with U.S. Trade Representative Robert Lighthizer under his previous role as economy minister and is expected to meet him ahead of a summit between U.S. President Donald Trump and Prime Minister Shinzo Abe.