Seniority and lifelong employment are synonymous with Japan's employment system, but Hitachi could change that.» Read More
Asian equity markets rebounded on Wednesday after a rate hike from the Turkish central bank soothed worries over volatility in emerging markets.
As the breakneck growth in the global smartphone market eases, Japanese companies that make the robots that build the phones are looking to automakers to take up the slack.
The problem for Korea had seemed obvious: the won has climbed by a third against the Japanese currency, in theory allowing Japanese companies to undercut Korean competitors and carry home more yen.
Japanese exporters will hand out bigger bonuses for the next fiscal year as Prime Minister Shinzo Abe's policies drive the yen to multi-year lows, with Toyota Motors leading the way.
Japan's Hitachi cut its full-year profit outlook by about 13 percent on Monday to 420 billion yen ($4.5 billion), citing a weak economic recovery in Europe and a slowdown in emerging markets.
Hu Yoshida, Vice President and Chief Technology Officer, Hitachi Data Systems explains why the cost of data storage and management has been going up.