“Japanese cars don’t break down, but they’re boring,” said Mr. Masui, 67, a semiretired music producer. Besides the hot-rod — a replica Model T with a racecar’s engine — he owns a gleaming white Ford Thunderbird, the latest of nearly 70 Detroit-made vehicles he figures he has bought and sold over the years.
Nissan said on Thursday that Mr. Ghosn, who is 62 and was born in Brazil, would remain chairman of Nissan’s board. He will continue to lead the global automobile alliance created during his tenure at Nissan, which also includes Renault of France and, since last year, Mitsubishi Motors of Japan.
The Nikkei Stock Average
fell 0.4%, moving in a tight range due to a slightly stronger yen. Australia’s S&P/ASX 200
was down 0.3%, while Hong Kong’s Hang Seng Index
was off 0.4%.
The Shanghai Composite Index
added 0.4%, while Singapore’s Straits Times Index
was up 0.1%.
The Nikkei Stock Average
was down 0.6% in morning trade after closing up 1% the previous day, as a firmer yen buffeted exporters’ share prices. In Australia, the S&P/ASX 200
was off 0.1% on a stronger Aussie dollar and sharp declines in utilities stocks. Korea’s Kospi
was down 0.1%.
The 59-year-old technology investor — a grandson of South Korean immigrants who has amassed one of Japan’s largest personal fortunes by pursuing grand, Silicon Valley-inspired visions — is best known outside his homeland for buying the American mobile phone carrier Sprint for $21.6 billion in 2013.
The announcement of the planned write-down and resignation, which came after a day of uncertainty on Tuesday as Toshiba equivocated on whether it would release the news, reflected intense pressure on Toshiba executives over the write-down — and the business decisions that led up to it. Company officials said Tuesday that they were examining whether managers had bypassed internal controls when they struck a deal for a business at the center of the problems.
“It’s all about Trumponomics as risk appetite rises and faith in Donald Trump’s ability to deliver and implement his transformative policies for the U.S. economy grows,” said Greg McKenna, chief market strategist at AxiTrader.
Output in the country, which has the world’s third-largest economy but has struggled to shake off deflation, expanded in each quarter last year, the longest uninterrupted period of growth in three years. However, the pace of expansion has been slowing, and questions about how Japan will weather a trade-skeptical Trump administration persist.
So three years ago, she quit to take a job in Japan. A garment factory there promised Ms. Liu three times her $430-per-month Chinese wage, and she hoped to save thousands of dollars for her family, which was growing with the recent birth of a son.