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  • World leaders condemn Islamic State's murder of Japan hostage

    TOKYO (Kyodo) -- World leaders condemned the killing of a Japanese hostage after Islamic State militants claimed in a video posted online Sunday that it has beheaded him. U.S. President Barack Obama denounced what he described as "the heinous mu

    February 1, 2015 09:44 pm JST
  • TPP fine print

    Japan eyes quotas for low-, no-tariff farm imports

    TOKYO -- In a bid to advance negotiations on the proposed Trans-Pacific Partnership trade deal, Tokyo is thinking about suggesting quotas for low- or no-tariff imports of key agricultural products from participating countries, government sources tol

    February 1, 2015 02:00 am JST
  • Nishikori on the upswing

    Sponsors latch on to increasingly bankable tennis star

    TOKYO -- Kei Nishikori is becoming a force on the tennis court. And as the Japanese star climbs the international ranks, he is becoming a favorite of marketers as well. After reaching the finals of the U.S. Open last September, Nishikori cruis

    January 31, 2015 01:00 pm JST
  • TPP talks

    Japan ready to meet US halfway on beef and pork tariffs

    TOKYO -- Japan and the U.S. are inching closer to an agreement on import tariffs on U.S. agricultural products as part of the ongoing Trans-Pacific Partnership free trade talks. An agreement between the two countries is crucial as failure to str

    January 30, 2015 07:00 pm JST
  • Monetary easing

    Will Australia follow Canada on rates cut?

    SYDNEY -- Market players are turning their attention to the Reserve Bank of Australia as the central bank holds its first policy-setting meeting of the year on Feb. 3. The meeting comes just two weeks after Canada, another big resource-rich economy,

    January 29, 2015 07:00 pm JST
  • Classic cars

    Australian fans look to homegrown 'muscle' heroes

    SYDNEY -- Australia marches to the beat of a different drum when it comes to the classic car market -- a beat that could well quicken amid the demise of the country's car industry. The sums Antipodean collectors are willing to pay for special ca

    January 27, 2015 07:00 pm JST
  • Asia on the brink of change

    TPP crucial in shaping new economic order

    TOKYO (Nikkei) -- The Asia-Pacific region is at a historic crossroad as two starkly different philosophies clash over a new economic order. At stake is the creation of a new economic zone focused on free competition and market functions or one e

    January 27, 2015 01:00 pm JST
  • Foreign exchange

    Aussie dollar slips to 5 1/2 year low

    TOKYO -- The Australian dollar weakened against the U.S. dollar Monday and also lost ground against the yen -- just the kind of moves that bullish Japanese day traders were waiting for. The Aussie dollar retreated to $0.7862 in Tokyo trading, it

    January 27, 2015 01:25 am JST
  • Papua New Guinea

    Premier under pressure as political, economic crises mount

    SYDNEY -- These should have been the best of years for Papua New Guinea, as it moved steadily up the league of energy exporters in the Asia-Pacific region. Instead, a plunge in oil and gas prices is exacerbating a political crisis for Prime Minister

    January 23, 2015 07:00 pm JST
  • Trying unconventional channels

    Tribal mediation crucial in Japan's hostage crisis

    AMMAN, Jordan -- The cooperation of local tribes may be the key to securing the release of Japanese hostages held by Islamic State militants, especially as the government scrambles to reach the kidnappers on its own. An armed man in the video re

    January 23, 2015 06:56 am JST
  • TPP could give world the trade framework it needs

    Economies are like living creatures. Technology, business models and consumption trends are constantly evolving. And like it or not, it is impossible to halt the evolutionary phase known as globalization -- the increasingly free movement of people,

    January 22, 2015 12:00 am JST
  • Stephen Grenville: Low oil prices provide a fleeting chance for reform

    If the global price of oil had jumped by 50%, there is little doubt that economic commentators would be calling it a disaster for world growth. The price has in fact fallen by more than 50% since last June, but this ray of good news has not yet pier

    January 22, 2015 12:00 am JST
  • Shaky domestic outlook

    Japanese cement makers building future in Asia-Pacific

    TOKYO -- Facing the inevitable contraction of their home market down the road, Japanese cement makers are turning their attention to the Asia-Pacific region. Taiheiyo Cement will invest an estimated 2 billion yen ($16.8 million) to add a facilit

    January 21, 2015 12:39 am JST
  • China's rising global influence

    Japan in a pickle over Beijing-led AIIB

    TOKYO -- Japan will soon have to make up its mind about joining China's efforts to get the Asian Infrastructure Investment Bank up and running. "Why is there no plan to set up a board?" a high ranking official of Japan's Ministry of Finance aske

    January 19, 2015 07:00 pm JST
  • Growing industry presence

    Mitsubishi buys waterworks operations in Australia, New Zealand

    TOKYO -- Mitsubishi Corp. has acquired rights to water-related businesses in southern Australia and New Zealand from an Australian company, the latest in a series of investments in this field. Australian subsidiary Trility has taken over managem

    January 17, 2015 05:47 am JST
  • New Zealand broker falls victim to end of Swiss-franc cap

    SYDNEY (Dow Jones) -- New Zealand currency trading house Global Brokers NZ Ltd. said it will close its doors, a casualty of the unexpected decision by the Swiss National Bank to cease capping the nation's currency. Global Brokers said in a statem

    January 16, 2015 10:16 am JST
  • Australia trade pact

    Lower tariffs expected to bring down Japan beef prices

    TOKYO -- The economic partnership pact that took effect between Japan and Australia on Thursday cut tariffs on Aussie agricultural products, with some retailers already launching sales campaigns touting cheaper beef and wine from Down Under. A

    January 16, 2015 06:20 am JST
  • Iron ore

    Fortescue under scrutiny as Australian crisis deepens

    BANGKOK -- Debt laden Fortescue Metals Group, the world's fourth largest iron ore miner by production volume, is coming under growing market scrutiny amid slowing economic growth in China, the biggest importer of the commodity. Iron ore prices f

    January 15, 2015 07:45 pm JST
  • Curtis S. Chin and Jose B. Collazo: Asia infrastructure needs reform, not more development banks

    Amid talk of the "Asian century," one of the most important questions is how best to finance the continent's tremendous infrastructure needs. Whether crumbling roads in the Philippines or power blackouts in India, the region's physical infrastructur

    January 15, 2015 12:00 am JST
  • Australia's high-rise condo market is red-hot

    SYDNEY -- Strong demand for housing in Australia's big cities, especially in Melbourne and Sydney, is fueling the construction of high-rise residential properties. Diversified property developer Mirvac Group is hoping to build a 78-story condo i

    January 15, 2015 12:00 am JST