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  • Tokyo stocks rise in early trading on bargain hunting

    TOKYO (Kyodo) -- Tokyo stocks rose in early trading Thursday as investors bought on dips after two days of steep losses. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 182.59 points, or 0.96 percent, from Wednesday t

    April 2, 2015 09:45 am JST
  • Dollar trades in upper 119 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 119 yen range early Thursday in Tokyo, slightly down from its overnight levels in New York. At 9 a.m., the dollar fetched 119.58-59 yen compared with 119.70-80 yen in New York and 119.89-90 ye

    April 2, 2015 09:18 am JST
  • Slow recovery

    Japanese companies cautious over weak yen, overseas economies

    TOKYO -- Japanese corporations remain apprehensive about the staying power of the weak yen and the outlook for economies abroad, as underscored by the Bank of Japan's latest business sentiment survey. The central bank's Tankan quarterly survey,

    April 2, 2015 05:45 am JST
  • Gushing red ink

    US shale unit tars Itochu with loss

    TOKYO -- Itochu said Wednesday it will book a roughly 38 billion yen ($317 million) loss stemming from a U.S. shale oil and gas producer, joining other Japanese trading houses hurt by falling energy prices. The loss will factor into group earnin

    April 2, 2015 05:37 am JST
  • Turbulence ahead

    Tokyo stocks slide on weak business sentiment

    TOKYO -- Stock prices fell sharply here Wednesday, dragged down by a lackluster business sentiment survey that showcased growing economic uncertainty in Japan. The Nikkei Stock Average slid as far as 279 points, falling under 19,000 for the firs

    April 2, 2015 05:20 am JST
  • Nikkei earnings preview

    Nippon Kayaku's profit seen growing 10% in fiscal 2015

    TOKYO -- Nippon Kayaku is expected to post a group operating profit of 25 billion yen ($206 million) in fiscal 2015, the first all-time high in two years. The Japanese pharmaceutical and chemical company's operating profit is seen rising around

    April 2, 2015 05:16 am JST
  • JCER estimate

    Japan GDP down 2.1% in February

    TOKYO -- Japan's real gross domestic product likely shrank 2.1% on the month in February, dropping for the first time in three months, the Japan Center for Economic Research said Wednesday. Exports fell notably, by 6.5%, due to the Chinese New Y

    April 2, 2015 05:12 am JST
  • Excess capacity

    Takeda weighs closing Belgian pill factory

    TOKYO -- Takeda Pharmaceutical is considering shutting an underused Brussels factory, the Japanese drugmaker's new CEO says. Takeda has created a project team to examine a closure, President Christophe Weber, who started doubling as CEO on Wedne

    April 2, 2015 05:08 am JST
  • Best foot forward

    Japan Post plan touts growth and lofty dividend payout

    TOKYO -- Gearing up to go public this year, Japan Post Holdings has announced plans for nearly 2 trillion yen ($16.5 billion) in growth investment and set an ambitious dividend payout ratio. But, lacking clear steps to rebuild the group's core p

    April 2, 2015 05:00 am JST
  • 70th war anniversary

    Japan's diplomatic bluebook to express remorse over WWII

    TOKYO -- An upcoming Japanese foreign policy report will include an expression of remorse for the nation's wartime aggression and stress its commitment to peace, officials told ruling Liberal Democratic Party lawmakers Wednesday. In conjunction

    April 2, 2015 04:30 am JST
  • Borrowed design

    Toyota revs up youth-oriented Scion brand with Mazda's help

    NEW YORK -- Toyota Motor is adjusting its strategy in the U.S. market in a bid to shed its practical-but-boring image among young consumers, using competitor Mazda as its trump card to revive the flagging Scion brand. "We're really excited to be

    April 2, 2015 04:26 am JST
  • Smartphone power

    Samsung mobile boss South Korea's top-paid director

    SEOUL -- The president of Samsung Electronics' smartphone business, Shin Jong-kyun, emerged as the highest-paid corporate director in South Korea last year. Shin took home 14.5 billion won ($13 million) in 2014, more than double his pay a year e

    April 2, 2015 03:46 am JST
  • Human rights violations

    NGO decries overwork at Cambodian Fast Retailing suppliers

    TOKYO -- Employees at some of the Cambodian factories that supply Japanese casual-wear retailer Fast Retailing work excessive hours, according to the non-governmental organization Human Rights Now. The Tokyo-based group discussed the issue at a

    April 2, 2015 03:45 am JST
  • Demand sluggish

    Nippon Steel to trim April-June output 10%

    TOKYO -- Nippon Steel & Sumitomo Metal will reduce April-June crude steel production by 10% from the previous quarter in a bid to maintain a stable supply-demand balance. The steelmaker, which turned out an estimated 11 million tons of crude ste

    April 2, 2015 02:49 am JST
  • Labor deregulation

    More Japanese workers to be permitted flexible hours

    TOKYO -- Japan's labor ministry will allow specialized marketing staffers to set their hours under an expanded flexible work program, a move aimed at promoting diverse work styles and improving efficiency. Employees working under the discretiona

    April 2, 2015 02:21 am JST
  • Japan and the AIIB

    Chinese bank proposal finds support within Abe's party

    TOKYO -- Japan's ruling Liberal Democratic Party has begun debating the pros and cons of joining a new China-led development bank that has attracted 50 countries, including most of the Group of Seven. Some in Prime Minister Shinzo Abe's governme

    April 2, 2015 02:19 am JST
  • Second-time lucky?

    Line reapplies to list on Tokyo bourse

    TOKYO -- Messaging app developer Line filed for a second time to go public in Tokyo, with an eye toward an initial public offering as early as this year. The Japanese company plans to focus on listing on the Tokyo Stock Exchange, but will contin

    April 2, 2015 02:00 am JST
  • Nikkei earnings preview

    Toyo Suisan's profit drop sharper than projected

    TOKYO -- Toyo Suisan Kaisha's operating profit for the year ended Tuesday likely dropped 15% on the year to about 26 billion yen ($214 million), sliding deeper than the 8% projected in October. Slowing demand in the highly-profitable Maruchan Se

    April 2, 2015 02:00 am JST
  • Nikkei earnings preview

    Mitsubishi Electric seen reaching record profit for fiscal 2014

    TOKYO -- Mitsubishi Electric's operating profit likely rose around 30% to a record of roughly 300 billion yen ($2.48 billion) for the year ended in March, spurred by strong factory automation demand and a weak yen. The figure is about 10 billion

    April 2, 2015 02:00 am JST
  • Tokyo stocks

    Uncertainties in Japan, US cloud investor sentiment

    TOKYO -- Stock prices in Tokyo dropped again Wednesday, as growing uncertainties in both Japan and the U.S. cooled bullish investor sentiments that nearly pushed the Nikkei Stock Average over the 20,000 mark in mid-March. Capital spending planne

    April 2, 2015 02:00 am JST