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  • Ikea bets big on mega malls to succeed in China

    BEIJING -- Workers on the outskirts of Beijing are rushing to complete a sprawling 172,000-sq.-meter shopping center being built by Ikea, the world's biggest furniture retailer. The goal is to have it ready for business before Christmas. The mal

    November 1, 2014 01:00 pm JST
  • Kazakhstan wary of shadow of Ukraine crisis

    ALMATY, Kazakhstan/BISHKEK -- The bride and groom posed for a portrait in front of a perpetual flame in an Almaty park that commemorates soldiers who died fighting in the Russian civil war and World War II. The two shared the dark complexion, high

    November 1, 2014 01:00 pm JST
  • Indonesia, Thailand, Honda and reality

    BANGKOK -- A recent move by Honda Motor may have surprised a few industry observers. The Japanese automaker began producing the Mobilio in Thailand, even though it expects sales to reach no higher than 10,000 units a year in the country. Mob

    November 1, 2014 01:00 pm JST
  • Japan's next taste treat: Citrus-flavored red sea bream

    MATSUYAMA, Japan -- Researchers here think they might have hit on a way to get more female and young consumers to eat red sea bream. Just add a citrus scent to it. The particular scent is that of the iyokan, a fruit grown mainly in Ehime Prefect

    November 1, 2014 01:00 pm JST
  • Lesser-known Japanese science universities go recruiting in Southeast Asia

    TOKYO -- Japan's universities are increasingly competing to attract foreign students, and technology schools outside the country's biggest cities are zeroing in on Southeast Asian talent. A couple of colleges in central Japan are cases in point.

    November 1, 2014 01:00 pm JST
  • Earnings, easing winners fuel latest Tokyo rally

    TOKYO -- Real estate developers and companies with strong earnings are leading the latest stock market recovery in Japan. The Nikkei Stock Average climbed Friday to roughly its highest point in seven years and 13% above its reading on Oct. 17, w

    November 1, 2014 07:19 am JST
  • Infrastructure driving gains at Japan's electronics makers

    TOKYO -- Three Japanese electronics manufacturers shifting focus away from the consumer market are enjoying strong earnings as Sony, slower to make the change, continues to struggle. Panasonic, Hitachi and Mitsubishi Electric all upgraded operat

    November 1, 2014 06:34 am JST
  • Bank of Japan's surprise easing could kick-start economy, but clouds loom

    TOKYO -- The Bank of Japan provided a jolt to the market Friday with a surprise easing move that could spur the economy, but it also carries the risk of negative side effects. The rise in Japan's consumer prices has been sluggish despite the ban

    November 1, 2014 05:41 am JST
  • Bank of Japan lowers fiscal 2015 inflation outlook to 1.7%

    TOKYO -- Japan's central bank on Friday reduced its inflation projections for this fiscal year and next, largely due to falling crude oil prices. The Bank of Japan said in its Outlook for Economic Activity and Prices that the consumer price inde

    November 1, 2014 05:39 am JST
  • Japan's pension megafund bets on stocks to boost returns

    TOKYO -- Japan's mammoth public pension fund will raise its exposure to stocks and scale back bondholdings as it desperately seeks to continue supporting the growing population of pensioners. Under the new portfolio mix announced Friday, the Gov

    November 1, 2014 05:38 am JST
  • BOJ provides a jolt, but will it work?

    TOKYO -- Just two days after the U.S. Federal Reserve Board decided to end quantitative easing, the Bank of Japan announced it will pump more liquidity into the domestic economy to kick the sluggish returns from Abenomics back into gear. Foreign

    November 1, 2014 05:36 am JST
  • Myanmar leaders, opposition discuss future of constitution

    YANGON -- President Thein Sein met with military and opposition leaders Friday in the capital, Naypyitaw, to tackle such issues as revising the constitution and ending armed conflict involving ethnic minorities. This marked the first gathering o

    November 1, 2014 05:31 am JST
  • Surprise easing almost didn't happen

    TOKYO -- The Bank of Japan's decision to carry out more monetary easing, seen by some as laying the groundwork for a consumption tax hike next year, squeaked through by a 5-4 vote after a holdout changed her mind. The BOJ began weighing addition

    November 1, 2014 04:54 am JST
  • In bungling iPhone strategy, Docomo follows parent's footsteps

    TOKYO -- Humble pie was on the menu Friday for NTT Docomo President Kaoru Kato when the company slashed its earnings forecast for the year ending March 2015. Japan's largest wireless carrier expected a rush of new subscribers after it finally be

    November 1, 2014 04:54 am JST
  • Takeda holds out hope for new cash cows

    TOKYO -- Takeda Pharmaceutical's new treatment for inflammatory bowel disease will prove a big earner, President Christophe Weber predicts. And if he is right, the Japanese drugmaker will finally have a new blockbuster to succeed old ones whose pate

    November 1, 2014 04:53 am JST
  • Abe to craft consumer stimulus package amid tax hike angst

    TOKYO -- Japanese Prime Minister Shinzo Abe will likely call for work to begin in mid-November on a consumer stimulus plan, as he hopes to further Japan's economic recovery and departure from deflation. Abe's policy will likely center on stimula

    November 1, 2014 04:46 am JST
  • ANZ expanding branch network in Southeast Asia

    SYDNEY -- Australia and New Zealand Banking Group is accelerating its push into Southeast Asia as part of a "super-regional strategy" that has the financial institution focused squarely on Asia. "With the phase of high investment in Asia largely

    November 1, 2014 04:02 am JST
  • BOJ rolls out more easing to keep inflation target within reach

    TOKYO -- The Bank of Japan decided Friday to pump more liquidity into the country's economy in a bid to lift sluggish consumer prices and keep the door open to meeting its inflation target by next spring. The BOJ is boosting both quantitative an

    November 1, 2014 03:41 am JST
  • Tokuyama takes 86 billion yen extraordinary charge

    TOKYO -- Tokuyama is recording an 86 billion yen ($779 million) extraordinary loss stemming from technical problems at its Malaysian polycrystalline silicon plant that has halted shipments. The loss consists of an impairment charge of 74.8 billi

    November 1, 2014 02:43 am JST
  • Nisshin Steel's first-half profit drop shallower than expected

    TOKYO -- Nisshin Steel is expected to report a consolidated pretax profit for the April-September half of around 8 billion yen ($72.5 million), down roughly 40% on the year, but 1 billion yen higher than projected. Demand was solid for the Japan

    November 1, 2014 02:41 am JST