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  • Political risks threaten to dent Philippine economic growth

    MANILA -- The Philippines is Southeast Asia's fastest growing economy, but there are concerns that this growth could slow in the face of looming political risks. The country's real gross domestic product expanded 5.7% year-on-year in the January

    August 2, 2014 01:00 pm JST
  • Theory shows why Japan, China have peaceful but cold ties

    TOKYO -- When it comes to international relations, it sounds good if one says, "My enemy from yesterday has become my friend today." However, if a national government were to say the opposite, it would signal that its international policy lacks cons

    August 2, 2014 01:00 pm JST
  • Japan considers nixing some tax breaks for businesses

    TOKYO -- The Japanese government is considering eliminating or paring back a series of business tax incentives set to expire at fiscal year-end, aiming to soften the impact of a planned cut in the corporate tax rate. The 21 policy-linked tax inc

    August 2, 2014 06:06 am JST
  • Price comparison site to give blanket warranties for electronics

    TOKYO -- Kakaku.com, the Japanese operator of a price comparison website, will start providing a blanket warranty for all household electronics owned by customers, amid an industry trend toward more comprehensive coverage as retailers scramble for c

    August 2, 2014 05:55 am JST
  • Japan to support Brazilian offshore drilling, infrastructure

    BRASILIA, Brazil -- Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff agreed Friday to pursue cooperation in areas including offshore oil drilling and grain transportation. Speaking to reporters after their summit here, A

    August 2, 2014 05:45 am JST
  • Abe goes prospecting in Latin America

    BRASILIA, Brazil -- Japanese Prime Minister Shinzo Abe is rounding out a five-nation Latin American tour on which he has pitched Japanese technology and investment with 70-odd business leaders in tow. The visits form a visible part of Tokyo's ef

    August 2, 2014 05:35 am JST
  • Japan's Recruit to help companies find fresh talent in Asia

    TOKYO -- Recruit Holdings will start a service helping Japanese companies hire talented new college graduates from Asia who could one day become their future leaders, as many businesses eye expansion in the region. The service will be provided b

    August 2, 2014 05:30 am JST
  • Japan gives names to 158 remote islets

    TOKYO (Kyodo) -- The Japanese government on Friday gave names to 158 remote islets that define the country's territorial waters, including some of the disputed Senkaku Islands, to clarify Japan's sovereignty over them amid China's growing assertive

    August 2, 2014 04:53 am JST
  • Iliad's T-Mobile bid could throw wrench into SoftBank's plans

    TOKYO -- The surprise offer for T-Mobile US by France's Iliad could prolong negotiations underway by Japan's SoftBank, which is scrambling to wrap up a deal with the U.S. mobile provider's parent, Deutsche Telekom. SoftBank subsidiary Sprint, Am

    August 2, 2014 04:52 am JST
  • Sharp's dependence on China a double-edged sword

    TOKYO -- Sharp announced Friday that group operating profit rose 55% on the year to 4.6 billion yen ($44.3 million) for the three months ended June, boosted by demand for smaller LCD panels from Chinese smartphone manufacturers. A strategy of su

    August 2, 2014 04:44 am JST
  • Hyundai eyes Mexican plant, other steps against strong won

    SEOUL -- The Hyundai Motor group is moving to build more cars to local specifications in growth markets, aiming to expand the scope of its global business while minimizing the impact of the strong won back home. It plans to construct its first M

    August 2, 2014 04:38 am JST
  • France's Iliad makes surprise bid for T-Mobile

    LONDON -- French telecommunications company Iliad shocked industry insiders Thursday with a proposal to buy T-Mobile US, America's fourth-largest mobile provider, putting the upstart in contention with Japan's SoftBank, owner of U.S. No. 3 Sprint.

    August 2, 2014 04:20 am JST
  • Japanese imports reach record high on food, car parts

    TOKYO -- Japan is turning from an economy driven by exports to one highly dependent on imports, with the latest trade statistics showing a record amount of goods flowing into the country in the first half of this year. Imports marked a January-J

    August 2, 2014 04:13 am JST
  • Idemitsu Kosan to boost Thai lubricant capacity 20%

    TOKYO -- Idemitsu Kosan is ramping up output capacity of lubricating oil in Thailand by 20% in anticipation of demand from Japanese automakers moving into the country. The lubricant, which is also used to grease industrial manufacturing equipmen

    August 2, 2014 03:21 am JST
  • UniCarriers buying American forklift sales company

    TOKYO -- Forklift maker UniCarriers is acquiring New England Industrial Truck of the U.S. to broaden its marketing network and boost forklift sales in the country. UniCarriers, formed from the merger of TCM and Nissan Forklift in April 2013, now

    August 2, 2014 03:17 am JST
  • Thailand dragged Southeast Asian car sales down in first half

    BANGKOK -- New-car sales in the six leading Southeast Asian countries fell 11% on the year to 1,620,923 units in the first six months of 2014 as Thai sales plunged 40.5% on the heels of a military coup. Excluding Thailand, sales in the region we

    August 2, 2014 03:13 am JST
  • Chinese companies seek IPOs abroad amid tight controls at home

    SHANGHAI -- Many Chinese companies are listing on bourses in Hong Kong and the U.S. due to tight government restrictions on initial public offerings on mainland exchanges, fueling fears that the market may hollow out. The China Securities Regula

    August 2, 2014 03:04 am JST
  • Ahead of Putin visit, Japan senses 'pressure' from US

    WASHINGTON -- The Obama administration is on edge over Japan's plans to welcome Russian President Vladimir Putin for a state visit this autumn. It is feared the trip could undermine solidarity among the Group of Seven, to which Japan belongs, wi

    August 2, 2014 02:13 am JST
  • Chinese companies drawn to foreign IPOs' fundraising prowess

    HONG KONG -- A growing number of Chinese companies are looking to list on bourses outside mainland China, aiming to boost their fundraising ability and bypass government regulations on initial public offerings. This move toward exchanges in such

    August 2, 2014 01:50 am JST
  • Abe, Xi crisscross globe in race for emerging-market deals

    TOKYO -- Japan's Shinzo Abe has set foot on every continent save Antarctica since returning to the prime minister's office, most recently South America. All this economic diplomacy is meant to keep pace with China. Chinese President Xi Jinping s

    August 2, 2014 01:49 am JST