'Japanese'에 해당되는 글 2건

  1. 2008.12.25 Report: More elderly Japanese turn to petty crime by CEOinIRVINE
  2. 2008.12.10 Sony Slimming Down by CEOinIRVINE

TOKYO, Japan (CNN) -- Beset by economic worries and loneliness, elderly Japanese are turning to petty crime in increasing numbers, the nation's Justice Ministry reports.

An elderly man walks away from a Tokyo grocery store after being observed stealing medicine for an upset stomach.

An elderly man walks away from a Tokyo grocery store after being observed stealing medicine for an upset stomach.

In 2007, 48,605 persons age 65 and older were arrested in crimes other than traffic violations, more than double the number five years earlier, according to a ministry report.

Thefts such as shoplifting and pick-pocketing were the main offenses, the ministry report said.

"The main reasons they shoplift are poverty and loneliness," said Kazuo Kawakami, a former federal prosecutor. "The traditional Japanese family is gone, and now our elderly live alone."

Morio Mochizuki, who heads SPUJ, one of Japan's largest security firms, said the stories of shoplifting suspects at the thousands of stores his company oversees across Japan bear that out.

And the problem becomes more acute during New Year holidays, traditionally a time for family gatherings in Japan, Mochizuki said.

Economics also plays a role. Japan's economy went into recession this year, the government says. And the country's national pension system has been bogged down with mismanagement and corruption, leaving many pensioners with fears their lifetime savings will be lost.

"I feel sorry for them. When I talk to them, they don't have enough money for food," Takayuki Fujisawa, an employee of SPUJ, said of the elderly he's caught shoplifting.

SPUJ recently allowed CNN to follow its security team at one Tokyo grocery store. In just moments, they nabbed a 69-year-old woman, allegedly trying to steal food worth about $10.

Posted by CEOinIRVINE
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Sony Slimming Down

Business 2008. 12. 10. 09:11

With sales slumping, Japanese company will cut 8,000 jobs in electronics division and slash investment.

Sony is preparing for a bleak future for its electronics business. The Japanese manufacturer said Tuesday that it will slash 8,000 jobs in its electronics division and cut capital investment by 30.0% in the next fiscal year.

Analysts expect the electronics and entertainment giant's earnings to collapse in 2009 on a surging yen, investment losses, a supply glut of liquid crystal displays and digital cameras, and a slowdown in consumer spending in the economically depressed West.

Sony (nyse: SNE - news - people ) said in a statement that it is aiming to reap cost savings of over 100 billion yen ($1.1 billion) a year by March 2010 through layoffs, scaling back investment plans, closing factories and outsourcing production. The company will shutter two overseas factories by the end of the current fiscal year in March, including a plant in Dax, France, that produces recording media. By the end of the following fiscal year in 2010, it indicated it aims to close another three or four plants. It will also cut its temporary work force.

With Americans and Europeans now more interested in saving like the Japanese than buying their gadgets, CLSA analyst Atul Goyal forecast last week that Sony's operating profit for fiscal 2009 will plunge from 90.0 billion yen ($972.3 million) to zero, and the company will net a loss of 50 billion yen ($540.2 million). The yen's surge this year has eroded Sony's overseas earnings, and the company has suffered steep portfolio losses due to the country's slumping stock market.

A price collapse in LCDs and digital cameras has similarly pummeled earnings at South Korean archrival Samsung Electronics (other-otc: SSNLF - news - people ) (See "No Christmas Presents For Samsung"). A Samsung executive told investors on Monday that it will reduce capital spending to a range of 7 trillion won ($4.84 billion) to 8 trillion won ($5.53 billion) next year, down from 10 trillion won ($6.9 billion).

However, cash-rich Samsung has fared better of late than heavily-indebted Sony, boosted by the won's slide, which has made South Korean exports cheaper.

Aside from the dismal economic environment, Goyal said Sony has made strategic blunders--it didn't discount enough to clear its inventories over the crucial U.S. Black Friday shopping weekend, whereas competitor Sharp (other-otc: SHCAY - news - people ) slashed prices more aggressively, he said. Sony also ceded TV sales to Samsung and digital camera sales to Canon (nyse: CAJ - news - people ) during the post-Thanksgiving shopping period. If the company decides to clear out its bloated inventories in the first half of 2009, then prices will further collapse, he added.

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Posted by CEOinIRVINE
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