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Market News

Million-dollar executives multiply in corporate Japan

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TOKYO — The number of Japanese executives paid at least 100 million yen ($903,000) annually topped 500 for the first time last fiscal year as global competition for talent spurred broader use of lucrative Western-style compensation structures. A total of 538 senior officials at listed companies that closed their books in March made 100 million…

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Toshiba to Supply its Microgrid Controller for Maldives Project

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A subsidiary of Japanese conglomerate Toshiba has won a contract to install its microgrid controller and energy management system in a 10-MW hybrid microgrid on the Maldives’ Hithadhoo Island. Hithadhoo Island, which forms part of the Maldives’ remote Addu Atoll, has its own, independent power grid. The microgrid will serve as the grid’s new core.…

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Advancing Vehicle-to-Grid Tech: Why Solar Energy Needs Your Electric Car

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Solar may be the future of energy production, but for the time being, it causes a lot of problems.  Energy producers, grid managers, and energy markets have struggled to adapt to the growing amount of solar panels being installed, especially in areas like California. In short, the problems stem from two simple facts: first, that solar…

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Toyota’s Tri-Ad Division Wants Open Source Maps to Guide the Self-Driving Cars of Tomorrow

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If Toyota has its way, the maps guiding your future autonomous vehicle won’t be delivered through Google, Apple, Baidu, or TomTom, but via a map platform as free and accessible as Linux, MySQL, Apache, and the zillions of other open source programs powering our lives. That open source map project is called AMP, or in…

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In Japan, a scramble for new workers disrupts traditional hiring

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TOKYO(Reuters) – It’s a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment. An employee of Mercari Inc. Takashi Murakami, 23, poses for a photograph at the company office in Tokyo, Japan, December 5,…

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HCCR’s Casey Abel interviewed by Bloomberg

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Toyota Steers Clear of Silicon Valley in Its Talent-Hunting Spree By Jie Ma and Emi Nobuhiro Updated on August 4, 2017, 8:55 AM GMT+9   Automaker raids Toshiba, NEC for top engineers, IT experts Self-driving cars and AI require hard-to-find tech know-how   When it comes to recruiting tech talent, Toyota Motor Corp. is anything but subtle. The Japanese automaker…

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