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  • Yuan hits 16-month low against dollar on monetary easing hopes

    TOKYO -- The yuan touched a 16-month low against the dollar Wednesday as selling pressure mounts amid speculation that China's central bank is driving the currency lower and may ease monetary policy. The yuan dipped to about 6.25 against the dol

    April 25, 2014 01:33 am JST
  • Move over supercars: SUVs shine at Beijing auto show

    BEIJING -- Chinese drivers are increasingly keen on SUVs, and leading carmakers are giving them plenty to choose from at this year's Beijing auto show. Auto China 2014, the 13th Beijing International Automotive Exhibition, opened to the public o

    April 24, 2014 07:00 pm JST
  • U.S. vows to defend Japan over Senkakus: Obama

    TOKYO (Kyodo) -- U.S. President Barack Obama said Thursday the Senkaku Islands fall under the Japan-U.S. security treaty in a show of U.S. commitment to defending the Japanese-administered islands against any attempt by China to seize them by force.

    April 24, 2014 02:00 pm JST
  • A $700 billion Chinese mystery

    TOKYO -- Where did China put its holdings of U.S. Treasury bonds? One might ask this question after listening to Liu Mingkang, who served as the first chairman of the China Banking Regulatory Commission, give a speech on April 16 in Washington.

    April 24, 2014 01:00 pm JST
  • Time to ease Asian tensions

    YANGZHOU, China -- High-level meetings between Japan and its two neighbors South Korea and China should resume, participants at the annual Northeast Asia Trilateral Forum said before it closed Tuesday. The recommendation comes at a time when mee

    April 24, 2014 01:00 pm JST
  • Mitsui O.S.K. pays 4B yen in connection with China ship seizure

    TOKYO -- Japanese shipping company Mitsui O.S.K. Lines has paid about 4 billion yen ($38.6 million) in connection with a seized iron ore carrier in China, sources said Thursday. The ship had been impounded by the Shanghai Maritime Court due to a dis

    April 24, 2014 12:00 pm JST
  • Facing rising costs, Japanese companies saying sayonara to China

    DALIAN, China -- The era of China's dominance as the world's factory floor is coming to an end. Chinese wages have climbed so much that they now stand 90% above those in the Philippines and 150% above Vietnam's. That, combined with the yuan's ap

    April 24, 2014 10:00 am JST
  • China's next 5-year plan seen focusing on raising incomes

    BEIJING -- With work already underway on China's next five-year economic blueprint, attention is turning to how the government will achieve its formidable goals for lifting gross domestic product and incomes amid slowing growth. On Wednesday, th

    April 24, 2014 04:59 am JST
  • China's Huawei aims to quadruple corporate sales

    SHENZHEN, China -- Chinese telecommunications company Huawei Technologies said Wednesday that it seeks to boost corporate sales of equipment such as routers and servers to more than $10 billion by 2018. The company is looking to diversify earnin

    April 24, 2014 03:58 am JST
  • H2O Retailing to open Chinese store in 2018

    OSAKA -- H2O Retailing, a member of the Hankyu Hanshin Department Stores group, plans to enter China by opening a shopping center anchored by a department store in Ningbo in spring 2018. This will be the first time H2O will open a directly run s

    April 24, 2014 03:04 am JST
  • Chinese property stocks remain sluggish

    SHANGHAI -- Lingering concern over the future of China's residential real estate sector continues to weigh down markets. An index of property stocks on the Shanghai Stock Exchange is 60% lower than in September 2007, dropping to 3,323 from a pea

    April 24, 2014 01:23 am JST
  • Toyota to develop 'Chinese' hybrids from new R&D base

    CHANGSHU, China -- Toyota Motor hopes to rev up hybrid vehicle development in China with the help of a new research center that came onstream last fall. The Japanese automaker offered a sneak peek Tuesday of its new R&D base for hybrids in this

    April 24, 2014 12:13 am JST
  • Daimler offers travel packages to wealthy Chinese

    DALIAN, China -- German automaker Daimler has launched a travel business for the affluent in China. Launched under the Mercedes-Benz Travel brand, the tours are priced from 137,000 yuan (about $22,000). Their main selling point is the opportunit

    April 24, 2014 12:00 am JST
  • US jittery over South Korea's tilt toward China

    TOKYO -- A recent flurry of diplomatic maneuvering by Washington underscores just how desperate the administration of President Barack Obama is to mend the frayed ties between Japan and South Korea. On March 25, Obama brought Japanese Prime Mini

    April 24, 2014 12:00 am JST
  • How exposed are holders of Chinese debt?

    March was a bad month for the Chinese bond market. First, Shanghai Chaori Solar became the first onshore bond default. Then, Xuzhou Zhongsen Tonghao New Board, a building materials producer, reportedly missed payment on its privately placed high-yie

    April 24, 2014 12:00 am JST
  • Problems pile up for Chinese steel traders

    BEIJING -- Xiao Jiashou once inspired thousands of aspiring entrepreneurs from his hometown in Fujian Province to come to Shanghai to try their hand at trading steel. Now many of the steel traders from Zhouning are following him into financial ruin.

    April 24, 2014 12:00 am JST
  • China again takes Go title

    TOKYO -- Chinese university student Wang Chen won the 12th World Students Go Oza Championship in Tokyo on Feb. 25-26. This was the first time in two years for a Chinese player to win the title, and the seventh time overall. In the annual amateur

    April 24, 2014 12:00 am JST
  • China's economy feels the squeeze of reforms

    China's economic slowdown can be seen as a natural side effect of the government's campaign to change the growth model from one based on investment and manufacturing to one driven by personal consumption. Beijing's challenge is to find a way to ride

    April 24, 2014 12:00 am JST
  • Asia's growth just good enough to be dangerous

    It's been quite a ride for Asia over the past year. A nice rally in the first few months of 2013, then a relentless sell-off as investors threw their "taper tantrum," and subsequently another solid market recovery. The question remains, however:

    April 24, 2014 12:00 am JST
  • Japan slow to attract foreign executive talent

    When a non-Japanese manager is appointed to a top position at a large Japanese company, it is news and prompts speculation in the business press about whether Japan Inc. is finally opening up to outsiders. The most recent event was the naming of

    April 24, 2014 12:00 am JST