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  • Kuroda restricted by his inflation target

    TOKYO -- Haruhiko Kuroda, governor of the Bank of Japan, sometimes asks close aides how he will be remembered. The central bank chief is well aware of the enormity of the challenge he is tackling. The BOJ governor took the helm in March last yea

    October 26, 2014 07:00 am JST
  • Resona to start 24/7 money transfer service

    TOKYO -- Resona Holdings will provide 24/7 money transfer services for its customers from next April, company sources said Saturday. It will be the first major Japanese bank to provide such services. Three main Resona Group banks will enable imm

    October 26, 2014 02:00 am JST
  • Panasonic to sell Sanyo's North America TV business

    TOKYO -- Panasonic plans to sell subsidiary Sanyo's North American television set business, sources said Saturday. Funai Electric is expected to purchase it by the end of March. Sanyo is struggling in North America because of fierce price compet

    October 26, 2014 02:00 am JST
  • TPP ministers seek progress toward agreement by year-end

    SYDNEY (Kyodo) -- Trade chiefs from 12 countries involved in an ambitious Pacific free trade initiative started a three-day meeting Saturday in Sydney in a bid to make progress toward a U.S.-proposed goal of reaching a deal by year-end. The Tran

    October 25, 2014 10:46 pm JST
  • Japanese retail investors bullish on domestic stocks

    TOKYO -- Retail investors are boosting their purchases of Japanese stocks despite the recent market weakness. The Tokyo Stock Exchange says individual domestic investors between Sept. 29 and Oct. 17 bought a net 1.034 trillion yen ($9.48 billion

    October 25, 2014 08:29 pm JST
  • Hong Kong protests reveal true colors of Beijing's rule of law push

    BEIJING/HONG KONG -- Xi Jinping, the general secretary of the Communist Party of China, has pledged to promote the rule of law in the management of state affairs. Hong Kong shows the limits of his pledge. Since taking the helm in November 2012,

    October 25, 2014 03:17 pm JST
  • Middle class thirst fuels 'beer club' boom in Vietnam

    HANOI -- So-called "beer clubs" serve up an ambience somewhere between the conviviality of Vietnam's traditional sidewalk watering holes and the exclusivity of its upscale restaurants. And they are a big hit with the country's swelling middle class.

    October 25, 2014 01:00 pm JST
  • McDonald's loss widens rift with franchise owners

    TOKYO -- McDonald's Holdings (Japan) expects to post a loss for the year through December, its first since debuting on the Jasdaq market in 2001. While this is largely attributable to a food scandal involving a Chinese chicken supplier in July, fran

    October 25, 2014 01:00 pm JST
  • William Barkshire: Investors may look to bypass China market link

    The new Hong Kong-Shanghai Stock Connect program marks an important milestone in the opening up of China's financial markets. However, the program to link the Hong Kong and Shanghai stock markets, expected to launch in the coming weeks, is likel

    October 25, 2014 01:00 pm JST
  • Theme parks stretch hours to lure more winter visitors

    TOKYO -- Amusement parks across Japan are extending their opening hours and putting on after-dusk events in a bid to get visitors to stay longer and spend more during the slow winter season. Sanrio Puroland, an indoor theme park in western Tokyo

    October 25, 2014 01:00 pm JST
  • Japan's Nidec looks to end M&A silence with whopper of a deal

    KYOTO/OSAKA -- For years, Japanese precision motor maker Nidec grew larger on a steady diet of takeovers to fuel its growth. But ever since agreeing to buy a Honda Motor subsidiary last year, the company has been uncharacteristically quiet on the ac

    October 25, 2014 01:00 pm JST
  • Japan aims to lure foreign tourists to outlying regions

    TOKYO -- The Japanese tourism ministry seeks to encourage more foreign visitors to journey to outlying regions, and not just such popular destinations as Tokyo and Kyoto, by strengthening cooperation with local businesses and municipalities. The

    October 25, 2014 06:18 am JST
  • Japan may let university applicants use Toefl scores

    TOKYO -- A new standardized entrance exam for Japanese universities may take into account high school students' performance on international tests of English-language proficiency. The Education Ministry is considering replacing the grueling two-

    October 25, 2014 06:04 am JST
  • Myanmar opposition party to set up agricultural bank

    TOKYO -- The opposition Myanmar Farmers' Development Party will work with Thailand's government-backed Krung Thai Bank to set up a bank specializing in the agricultural business, the party's leader told The Nikkei in Tokyo. The plan is to open t

    October 25, 2014 06:00 am JST
  • Southeast Asian demand likely lifted Unicharm to record profit

    TOKYO -- Unicharm is expected to report an operating profit of around 36 billion yen ($330 million) for the April-September term on robust sales of disposable diapers in Southeast Asia and high-margin products in China and Japan. The Japanese co

    October 25, 2014 05:57 am JST
  • Missile defense still an issue for US, South Korea

    WASHINGTON -- American and South Korean officials have agreed to delay transferring control of joint wartime operations to the government in Seoul until it can better counter the North Korean threat, leaving the topic of missile defense untouched.

    October 25, 2014 05:48 am JST
  • Ebola's arrival in New York raises concerns over containment

    WASHINGTON -- With New York reporting its first case of Ebola on Thursday, the city's response could serve as a test case of whether a metropolis, where millions cross paths riding public transit, can prevent the spread of the deadly virus. Colu

    October 25, 2014 05:24 am JST
  • Brand renaissance in China could prove crucial for Sony

    SHANGHAI/TOKYO -- In the global war for consumers, a battered Sony needs a winning strategy for emerging markets, and this could hinge on bolstering its brand in China. The company's steps toward this end provide the backdrop to the three-day So

    October 25, 2014 05:22 am JST
  • Japan finally talking emission reduction target

    TOKYO -- Japan has finally started discussing a greenhouse gas emission reduction target for 2020 and beyond, having fallen behind other major economies such as China, the U.S. and the European Union. The international community is working to es

    October 25, 2014 05:02 am JST
  • US congressional committee probing Takata's air bag safety

    NEW YORK -- U.S. lawmakers have launched an investigation into Takata's defective car air bags, which have sent metal fragments flying into passengers upon deployment. The U.S. House of Representatives Committee on Energy and Commerce announced

    October 25, 2014 05:01 am JST