2019.12.10

News Headlines - 10 December 2019

Former head of defense agency shot in northeastern Japan - The Mainichi

Former Defense Agency Director General Tokuichiro Tamazawa was shot in the northeastern Japanese prefecture of Iwate on Tuesday afternoon, and a man later turned himself in with a handgun, investigative sources said.
The 81-year-old former head of the agency, which was upgraded to the Defense Ministry in 2007, sustained a non-life-threatening wound as he was shot in the leg near his home in the city of Morioka, according to family members... The police and the investigative sources quoted the suspect as saying he "had a grudge" against Tamazawa because of matters related to an election and money trouble.

Seven-Eleven failed to pay wage portions to store workers for years

Seven-Eleven Japan Co. said Tuesday it failed to pay a portion of overtime wages to at least 30,000 employees at its franchise stores for years due to a miscalculation in the convenience store chain's payroll system.
Japan's largest convenience store chain also said the miscalculation was discovered in a probe at one of its franchisees by the government's Labor Standards Inspection Office in 2001, but it has neglected to make the lacking payments or publicize the matter, the company said.
The amount of overtime wages that went unpaid due to an error in the algorithm used for wage calculation totals at least 490 million yen ($4.5 million), according to the company.

Nissan faces $22 million fine for misreporting Ghosn pay | AFP.com

Nissan should be fined $22 million for filing documents that under-reported the compensation of former chief Carlos Ghosn, Japanese regulators recommended Tuesday, with troubled the firm saying it would not dispute the penalty.
The Securities and Exchange Commission (SESC) made the recommendation as Ghosn, who was arrested in November last year, awaits trial in Tokyo on four charges of financial misconduct.

Former Fed Chair Paul Volcker dies | NHK WORLD

Former US Federal Reserve Chair Paul Volcker passed away on Sunday. He was 92.
Volcker was known for raising interest rates to exceptionally high levels around 1980 to fight inflation, and for tackling the 2008 financial crisis.
Born in 1927, Volcker served in key positions, including president of the Federal Reserve Bank of New York. He then headed the central bank's policy board from 1979 for eight years.

Ethiopian PM Abiy Ahmed receives Nobel Peace Prize in Oslo | Al Jazeera

Ethiopian Prime Minister Abiy Ahmed has received the Nobel Peace Prize and hailed the role played by former foe Eritrea in resolving the long-running conflict between the two countries.

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