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  • Hitachi a finalist in bid for Italian train businesses

    TOKYO -- Japan's Hitachi and China CNR are the two finalists for the purchase of the railroad businesses Italian aerospace and defense giant Finmeccanica is planning to unload. Finmeccanica will select by the end of October the buyer for Ansaldo

    October 2, 2014 06:33 am JST
  • Experts see yen remaining near 110 against dollar

    TOKYO -- The Japanese currency has weakened at a fast clip against the dollar, and many analysts and corporate financial officials believe that current exchange rate levels will be the new normal over the rest of this year and next year. The dol

    October 2, 2014 06:31 am JST
  • South Korea's Daum Kakao looks to spawn new mobile platform

    SEOUL -- A new player arose Wednesday from the merger of two of South Korea's leading Internet companies: Kakao, which operates the Kakao Talk mobile messaging platform for smartphones; and Daum Communications, operator of Internet portal services.

    October 2, 2014 06:24 am JST
  • Tokyo market gaffe highlights bullish sentiment

    TOKYO -- A fat-fingered trade rocked the Tokyo stock market Wednesday morning, lighting a fire under shares as investors responded by buying in a reflection of bullish sentiment. Traders could not believe their eyes when they saw a whopping 67.7

    October 2, 2014 06:23 am JST
  • New Haneda subway link won't be on time for 2020 Tokyo Olympics

    TOKYO -- Japan's transport ministry is abandoning hope of completing a new subway link that would ease access to Haneda Airport before the 2020 Tokyo Olympics, raising questions as to how Japan will handle the flood of visitors to the country. T

    October 2, 2014 06:20 am JST
  • Japan making fresh push to draw more foreign businesses to Tokyo

    TOKYO -- The Japanese government will create 11 international business hubs in greater Tokyo and allow foreign doctors to treat patients at five select hospitals there as well, according to draft proposals aimed at luring more foreign talent to the

    October 2, 2014 06:15 am JST
  • Surgical robot maker cutting prices to boost accessibility

    TOKYO -- The Japanese unit of U.S. company Intuitive Surgical announced Wednesday that it will cut the price of its surgical robot system by up to 25%. The da Vinci Surgical System features four free-moving robotic arms that can fit through smal

    October 2, 2014 05:59 am JST
  • Japan's economy still lacking buoyancy a half year after tax hike

    TOKYO -- The Japanese economy was expected to perk up following a temporary dent caused by the consumption tax increase, but economic data pointing to a tepid recovery indicate that this scenario has failed to play out. In the Bank of Japan's Ta

    October 2, 2014 05:10 am JST
  • Mount Ontake search continues, many bodies found near summit

    TOKYO -- Five days after the eruption of Mount Ontake in central Japan, rescuers continue to scour the area for missing climbers as aftershocks and hazardous gases still emanate from the volcano. Many bodies were found near the mountaintop, apparent

    October 2, 2014 04:42 am JST
  • Southeast Asian car sales surge outside of Thailand, Malaysia

    BANGKOK -- New-car sales in the six leading Southeast Asian nations ebbed 0.4% on the year in August to 253,987 vehicles, with Thailand largely accounting for the 16th straight month of declines. Indonesia, the region's biggest market, saw sales

    October 2, 2014 04:40 am JST
  • Hokuetsu Kishu Paper likely missed profit forecast on soft sales

    TOKYO -- Japan's Hokuetsu Kishu Paper is expected to report a pretax profit of around 3.5 billion yen ($31.5 million) for the six months ended Tuesday, up 43% on the year but falling short of the 4.5 billion yen projection. Sales apparently edge

    October 2, 2014 04:38 am JST
  • US, India to boost trilateral ties with Japan

    TOKYO -- U.S. President Barack Obama and Indian Prime Minister Narendra Modi agreed on the importance of dialogue with Japan and confirmed their plan to hold trilateral foreign ministerial talks, a move designed to check growing Chinese influence in

    October 2, 2014 04:22 am JST
  • US, India teaming up to secure seas, combat terrorism

    WASHINGTON/NEW DELHI -- U.S. President Barack Obama and Indian Prime Minister Narendra Modi agreed at a White House summit Tuesday to strengthen security ties in light of an increasingly assertive China and rising terrorist threats. They express

    October 2, 2014 03:35 am JST
  • Otsuka's 9-month operating profit seen hitting record high

    TOKYO -- Japanese IT solutions provider Otsuka apparently logged an operating profit of 30 billion yen ($270 million) for the January-September period, up 22% on the year and a record for the term. The upturn was largely attributed to growing bu

    October 2, 2014 03:15 am JST
  • Colowide to swallow sushi chain

    TOKYO -- Leading restaurant operator Colowide plans to acquire Kappa Create Holdings, owner of the Kappa Sushi chain, in a deal that would make it Japan's fourth-largest restaurant operator. Colowide plans to obtain a majority stake in Kappa thr

    October 2, 2014 02:20 am JST
  • Short selling increases in Tokyo as investors bet on correction

    TOKYO -- Short-selling orders accounted for 31% of the value of all trades on the Tokyo Stock Exchange on Wednesday, with investors growing wary of the rapid rise in prices and anticipating a correction near at hand. This marked the fourth strai

    October 2, 2014 02:17 am JST
  • Japan's real GDP rose 0.4% on the month in August: JCER

    TOKYO -- Real gross domestic product in Japan increased 0.4% in August from the previous month, rising for a fourth consecutive month, according to estimates released Wednesday by the Japan Center for Economic Research. Consumer spending grew 0.

    October 2, 2014 02:15 am JST
  • Bloated inventory forcing Honda to cut domestic output

    TOKYO -- Honda Motor will curb car production in Japan this month and next in light of repeated recalls that have necessitated improved quality control, and slower than expected sales following April's tax hike. Daily production will be scaled b

    October 2, 2014 02:00 am JST
  • Fancy sneakers help ABC-Mart snag record interim profit

    TOKYO -- Shoe retailer ABC-Mart's operating profit for the March-August half likely rose 21% to around 23 billion yen ($207 million), far better than the company's projection for flat on the year. The figure would mark a record for the period am

    October 2, 2014 02:00 am JST
  • Hong Kong tourism, retail sector hit hard by protests

    HONG KONG -- The Chinese holiday that began Wednesday is usually a busy season for Hong Kong's tourism industry and retailers, but the pro-democracy demonstrations here have forced stores to close and are keeping some visitors away. Protest org

    October 2, 2014 01:48 am JST