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  • TPP talks to get going -- with notable absentee

    TOKYO -- The 11 remaining signatories to the Trans-Pacific Partnership will start talks next week aimed at putting the trade agreement into force, without the participation of the U.S. Lead negotiators gather in Canada to begin the new talks on May

    April 27, 2017 06:35 pm JST
  • The long, frustrating quest for free trade in Asia

    SINGAPORE -- It was a punch in the gut for Jenesis (Shenzhen) when the U.S. called it quits on the Trans-Pacific Partnership. Just like that, the contract electronics manufacturer's very raison d'etre was thrown into question.Jenesis, which supplies

    April 27, 2017 12:00 pm JST
  • Think the RCEP is about free trade? Think again

    SINGAPORE -- Delegates from Pakistan's remote Khyber Pakhtunkhwa province were all smiles as they signed an economic cooperation agreement with China on April 17."We have set the stage to begin [a] journey of industrialization," the province's chief

    April 27, 2017 12:00 pm JST
  • If US won't lead on trade, China will: Ex-US trade rep

    TOKYO America's withdrawal from the Trans-Pacific Partnership leaves the door open for China to set the agenda in Asia-Pacific trade, warns former U.S. Trade Representative Michael Froman.Now a distinguished fellow at the Council on Foreign Relation

    April 27, 2017 10:00 am JST
  • Think the RCEP is about free trade? Think again

    SINGAPORE Delegates from Pakistan's remote Khyber Pakhtunkhwa province were all smiles as they signed an economic cooperation agreement with China on April 17."We have set the stage to begin [a] journey of industrialization," the province's chief mi

    April 27, 2017 10:00 am JST
  • The long and frustrating quest for free trade in Asia

    SINGAPORE It was a punch in the gut for Jenesis (Shenzhen) when the U.S. called it quits on the Trans-Pacific Partnership. Just like that, the contract electronics manufacturer's very raison d'etre was thrown into question.Jenesis, which supplies el

    April 27, 2017 10:00 am JST
  • Trump's No. 2 brings an olive branch to Asia

    TOKYO During his roughly weeklong tour of South Korea, Japan, Indonesia and Australia in late April, U.S. Vice President Mike Pence stressed to his hosts that the U.S. was not shifting its strategy in the Asia-Pacific region under its new president,

    April 27, 2017 10:00 am JST
  • Trump's No. 2 brings an olive branch to Asia

    TOKYO -- During his roughly weeklong tour of South Korea, Japan, Indonesia and Australia in late April, U.S. Vice President Mike Pence stressed to his hosts that the U.S. was not shifting its strategy in the Asia-Pacific region under its new preside

    April 26, 2017 08:00 pm JST
  • Japan Post to cut 2,000 jobs at Australian unit

    TOKYO -- Japan Post Holdings will cut 2,000 jobs at its struggling Australian logistics unit in an attempt to keep Toll Holdings a core of its overseas expansion.Japan Post on Tuesday announced it will book a 400 billion yen ($3.62 billion) write-do

    April 25, 2017 08:10 pm JST
  • Soaring house prices turn 'Australian dream' into nightmare

    MELBOURNE -- Like many of her peers, Megan Shellie doubts that she will ever be able to buy a home within a reasonable commuting distance of a job in one of the teeming coastal cities that drive Australia's economy.Even though she expects to be earn

    April 25, 2017 03:00 pm JST
  • Hitachi Construction Machinery using data to strike it rich

    TOKYO -- On the heels of two foreign acquisitions, Hitachi Construction Machinery is tweaking its strategy to boost revenue from its mining equipment business.Hitachi Construction Machinery is looking to its vast pile of operational data on its mini

    April 25, 2017 12:00 pm JST
  • Japan Post faces revamp overseas as Australian unit Toll slumps

    TOKYO -- Japan Post looks to redraw its overseas strategy after stumbling on plans to strengthen corporate logistics services via Australian unit Toll Holdings.Low resource prices have taken a toll on Australia's economy, eroding demand for logistic

    April 25, 2017 07:00 am JST
  • Japan Post mulling $3.66bn write-off for fiscal 2016

    TOKYO -- Japan Post Holdings is discussing a write-down of as much as 400 billion yen ($3.66 billion) for the year ended March 31 to remove goodwill stemming from the acquisition of an Australian logistics unit from its balance sheet.Japan Post snap

    April 22, 2017 04:20 am JST
  • Iron ore prices plunge 30% in a month

    TOKYO -- Iron ore prices are collapsing on the growing outlook that China may reduce imports as steel prices there fall, coupled with the fear that new production at Brazilian mines could result in an oversupply.The spot price of Australian iron ore

    April 22, 2017 03:53 am JST
  • G-20 reaffirms commitment on orderly currency movements

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies on Thursday reaffirmed a G-20 commitment to orderly currency movements as a way to promote world economic growth and ensure stability in financial markets, according to Japane

    April 21, 2017 03:02 pm JST
  • Japan Post shares directionless after Thursday plunge

    TOKYO -- Japan Post Holdings shares on Friday began trading lower, but recovered later as institutional investors started to buy them as they dipped. The shares on Thursday fell as much as 5.3% to an intraday year-to-date low of 1,278 yen, after new

    April 21, 2017 11:50 am JST
  • Fujifilm delays annual report for probe of New Zealand unit

    TOKYO -- Fujifilm Holdings will delay its fiscal 2016 annual report due next week pending an investigation of accounting practices at an overseas subsidiary, the Japanese imaging company said Thursday.The group has created an independent committee t

    April 21, 2017 06:30 am JST
  • Japan Post weighs huge write-down on Toll acquisition

    TOKYO -- Japan Post Holdings is considering taking a write-down of several hundred billion yen in connection with its 2015 purchase of Australian logistics group Toll Holdings, it emerged Thursday.At the earliest, the impairment loss would be booked

    April 21, 2017 05:42 am JST
  • Japan pushing to preserve agreed-on TPP framework

    TOKYO -- In moving ahead with the Trans-Pacific Partnership without the U.S., Japan will urge other member nations to stick with the tariff and commerce agreements reached under the previous 12-country framework to avoid tricky renegotiation.The Jap

    April 21, 2017 03:00 am JST
  • 14-nation Pacific pact breaks through trade gloom

    AUCKLAND -- Fourteen Pacific nations, some of the world's smallest and poorest, agreed Thursday to a trade and economic agreement with rich neighbors Australia and New Zealand after 8 years of tortuous negotiations.In the wake of the collapse of the

    April 20, 2017 08:16 pm JST