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  • S. Korea unlikely to join China-led Asia bank: report

    SEOUL (Kyodo) -- South Korea has bailed out of a plan to join a China-led multinational bank to finance infrastructure projects in Asia, a Seoul daily reported Thursday. The JoongAng Ilbo said South Korea initially expressed support for the deve

    October 23, 2014 12:08 pm JST
  • Tokyo stocks edge down in morning on overnight losses on Wall St

    TOKYO (Kyodo) -- Tokyo stocks edged down Thursday morning, weighed by the lackluster performance of U.S. shares overnight. The 225-issue Nikkei Stock Average shed 26.20 points, or 0.17 percent, from Wednesday to 15,169.57. The broader Topix inde

    October 23, 2014 11:50 am JST
  • Tokyo stocks lower on Wall St. losses

    TOKYO (Kyodo) -- Tokyo stocks were lower in early trading Thursday, reflecting overnight losses on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 128.51 points, or 0.85 percent, from Wednesday to 15,067.

    October 23, 2014 09:38 am JST
  • Dollar trades at lower 107 yen level in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen range early Thursday in Tokyo, mostly unchanged from its overnight level in New York. At 9 a.m., the dollar fetched 107.14-15 yen compared with 107.09-19 yen in New York and 106.95-97

    October 23, 2014 09:15 am JST
  • Japan on course to host 13 million foreign visitors this year

    TOKYO -- Japan is enjoying a tourism boom, with the number of foreign visitors rising at a rapid clip and their voracious spending propping up the domestic economy. Some 9.73 million foreign travelers visited Japan in the first nine months of th

    October 23, 2014 06:48 am JST
  • Japan's ruling party gearing up for rancorous tax debate

    TOKYO -- Senior members of the ruling Liberal Democratic Party are dialing up pressure on the government to go ahead with a scheduled consumption tax hike, while skeptics are trying to reverse the tide by sounding alarms about the slowing economy.

    October 23, 2014 06:26 am JST
  • Initial agreement expected on China's Asia development bank

    BEIJING -- Countries considering participation in the Asian Infrastructure Investment Bank, a China-led initiative, will likely sign a memorandum of understanding this week, according to Chinese Finance Minister Lou Jiwei. He made the announceme

    October 23, 2014 06:15 am JST
  • Pyongyang looking to give economy a boost

    SEOUL -- North Korea's move to beef up ties with Russia was apparently prompted by a lack of progress on economic development, a priority as important as its nuclear program. To bolster economic development, Pyongyang set up in June a ministry c

    October 23, 2014 06:12 am JST
  • Local banks join in effort to support career women

    TOKYO -- Sixty-four Japanese regional banks will band together to let employees find work at different lenders when their spouses are transferred to another part of the country. The initiative, which comes amid a flurry of proposals for promotin

    October 23, 2014 06:09 am JST
  • Bank of Japan touting economic benefits of foreign tourists

    TOKYO -- The Bank of Japan is hoping the growing ranks of foreign tourists will help underpin the country's stalling economy and prove that a weak yen can, indeed, be beneficial. Atsushi Miyanoya, who heads the BOJ's Osaka branch, told the press

    October 23, 2014 06:07 am JST
  • Energized by maglev project, Japan's bullet train lobby rolls on

    TOKYO -- Japanese railway operators and rolling stock makers talked up their bullet trains' safety record to an international audience Wednesday, seeking an edge in global competition for high-speed rail projects. About 300 people attend the con

    October 23, 2014 06:03 am JST
  • Russia's rail project in North Korea gets rolling

    MOSCOW -- A Russian-led railway project has kicked off in North Korea, marking the latest effort between Moscow and Pyongyang to deepen ties. High-ranking officials from both sides held meetings this year, agreeing on economic cooperation across

    October 23, 2014 05:44 am JST
  • Diaper sales give Daio Paper's profit a major lift

    TOKYO -- Daio Paper is set to report a group pretax profit of around 8 billion yen ($74 million) for the April-September half, up 170% on the year, bolstered by brisk sales of disposable diapers at home and abroad. The results would surpass its

    October 23, 2014 05:28 am JST
  • Brisk demand, higher margins buoying Japanese contractors

    TOKYO -- Earnings at Japanese general contractors are getting a lift from a slew of orders and higher profitability as demand for urban and infrastructure development ahead of the 2020 Olympics creates a tailwind. Taisei's April-September operat

    October 23, 2014 05:18 am JST
  • Audi, Mercedes close in on BMW in luxury-car wars

    FRANKFURT, Germany -- BMW's global lead in premium vehicles is eroding amid robust demand for all of the top three marques. BMW's sales rose 9% on the year to 1.32 million vehicles for the January-September period as second-ranked Audi reported

    October 23, 2014 04:38 am JST
  • China's Evergrande Real Estate branching into solar power

    GUANGZHOU, China -- Evergrande Real Estate Group, one of China's leading property developers, is adding solar power to its rapidly growing list of business endeavors. The company will invest 90 billion yuan ($14.7 billion) to build huge solar po

    October 23, 2014 04:06 am JST
  • Japanese delegation to prod North Korea on abduction probe

    TOKYO -- A Japanese fact-finding team heads to Pyongyang next Monday to try holding North Korea to its word on investigating scores of missing-persons cases, including state-sponsored abductions. The government delegation, Japan's first to North

    October 23, 2014 04:05 am JST
  • Kansai Airport anticipates busiest season ever this winter

    OSAKA -- Flight records are set to fall this winter at Kansai Airport, which is expected to reach 926.5 international takeoffs and landings a week during the peak in March 2015, trouncing the record 916 weekly flights handled this past summer. T

    October 23, 2014 04:04 am JST
  • Weak yen driving Mitsubishi Motors' profit to record

    TOKYO -- Mitsubishi Motors now expects to report a 30% net profit jump to a record 60.9 billion yen ($563 million) for the six months ended in September as a cheaper yen improved profitability abroad. The Japanese automaker on Wednesday upgraded

    October 23, 2014 04:03 am JST
  • Japan's Aso nudges Chinese vice premier on possible summit

    BEIJING -- Japanese Deputy Prime Minister Taro Aso met with Chinese Vice Premier Zhang Gaoli on Wednesday, urging a bilateral summit in November to further thaw ties. The two men spoke for a few minutes after the opening ceremony of the Asia-Pac

    October 23, 2014 04:00 am JST