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  • Foreign exchange

    Turkish lira back near record low against dollar

    TOKYO -- Turkey's currency is under pressure again as President Recep Tayyip Erdogan leans on the central bank to loosen monetary policy. The lira languished at upwards of 2.48 to the dollar in Tokyo trading Thursday, nearing a record low of mor

    February 27, 2015 01:45 am JST
  • Growth strategy

    Takeda Pharmaceutical to buy Turkish drugmaker

    TOKYO -- Takeda Pharmaceutical will buy a Turkish drugmaker for up to 300 million lira ($121 million), the latest move to expand its drug portfolio. Takeda GmbH, the Japanese company's German unit, will buy all shares in Toplam Kalite, a subsidi

    February 25, 2015 04:48 am JST
  • A lift from crude

    Turkish economy will grow 4% this year: finance minister

    ANKARA -- Cheap crude oil will be a boon for the Turkish economy, boosting its growth rate to 4% in 2015 while cutting the nation's current-account deficit, Finance Minister Mehmet Simsek told The Nikkei here ahead of a visit to Japan. A decline

    February 20, 2015 03:23 am JST
  • Obama reiterates resolve to defeat Islamic State militants

    WASHINGTON (Kyodo) -- U.S. President Barack Obama reiterated his resolve Wednesday to defeat extremists including Islamic State militants ahead of a ministerial meeting Thursday on eradication of violent extremism and terrorism. "We will ultimat

    February 19, 2015 11:32 am JST
  • Cutting off a lifeline

    Global task force looking for strict policies against terrorist funding

    ISTANBUL -- Amid a string of high-profile terrorist acts, an international task force is evaluating measures to combat terrorism financing in some 190 countries and regions and will name those that do not meet its standards. "We ... urge all cou

    February 12, 2015 05:13 am JST
  • Aiding refugees

    Japan OKs $200M package for Middle East

    TOKYO -- Japan's parliament gave the green light on Tuesday to a supplementary budget that includes $200 million in humanitarian aid to areas affected by the rise of Islamic State. The aid is intended to assist internally displaced people in Ira

    February 4, 2015 04:02 am JST
  • G-20 meeting

    Global leaders to discuss blocking terrorist financing

    TOKYO -- Alarmed by the recent rise in terrorism threats, Group of 20 countries will discuss ways to stem the flow of funds to Islamic State and other extremists at a meeting in Istanbul next Monday. Japan launched a terrorism task force within

    February 4, 2015 03:32 am JST
  • Bound monetary policy

    Turkish lira at record lows amid political pressure on central bank

    TOKYO -- Brewing concerns over political intervention in Turkey's central bank are steering investors away from the lira, which weakened to a record 2.4 against the dollar at one point Thursday. The lira continued to languish at historic lows Fr

    January 31, 2015 05:31 am JST
  • For most central banks, things are getting 'easier'

    TOKYO -- A new wave of monetary relaxation has swept the world since the start of the year, with the European Central Bank the most prominent of those loosening their purse strings. There are two main drivers of the wave. Some countries are taki

    January 29, 2015 12:00 am JST
  • Kamal Alam: Understanding the roots of Islamic State's funding

    Islamic State group militants appeared to transform from a small band of ragtag terrorists to a regional force overnight. Today, with strongholds in Syria and Iraq, the group continues evolving as U.S.-led forces try to weaken its grip on power.

    January 29, 2015 12:00 am JST
  • Medical tourism Turkey

    Government push to grow foreign patient numbers

    ISTANBUL -- Turkey continues to assert its dominance as a major medical tourism destination in West Asia, with a record 360,000 foreign patients visiting the country in 2014 -- up from 308,000 the year before. Government officials and healthcare ind

    January 28, 2015 01:00 pm JST
  • Kamal Alam

    Islamic State's roots reveal how group lines its pockets

    Since its emergence, the Islamic State militant group has continued to evolve and improvise in ways that have left analysts at a loss to predict its next move. While most have compared it to such groups as Boko Haram, al-Qaida and even the Taliban,

    January 27, 2015 01:00 pm JST
  • Turkey on the front line

    Is Ankara doing enough to tighten screws on Islamic State?

    ISTANBUL -- Questions about Turkey's commitment to fighting terrorism are swirling in the West. Critics in the U.S. and Europe point to how would-be fighters and Islamist sympathizers have been using the country as a gateway to Syria, a large sw

    January 26, 2015 07:30 pm JST
  • Countering terrorism

    To protect itself, Japan can start by being a better communicator

    TOKYO -- The Islamic State group has served Japan a grim reminder that it is not immune to the threat of international terrorism. As Tokyo rushes to respond to the taking of two Japanese hostages, one of whom is believed to have been killed, it also

    January 26, 2015 04:00 pm JST
  • Worldwide rate cuts

    Central banks welcome 2015 with series of easing moves

    TOKYO -- A wave of monetary relaxation has swept the world since the start of this year, involving not only the European Central Bank but central banks of various other countries as well. The wave consists of two types. One type of credit ea

    January 26, 2015 01:00 pm JST
  • Turkish TV drama

    Exports grow to new levels

    ISTANBUL -- Turkish TV dramas are drawing increasingly international audiences, with the value of such exports expected to hit a new high this year. A magnificent historical drama set in Ottoman-era Istanbul and other programs have fascinated la

    January 24, 2015 01:00 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
  • 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
  • Fight against Islamic State

    US-led airstrikes making little headway

    DUBAI/WASHINGTON -- The Islamic State extremist group continues to control a swath of land across Syria and Iraq despite U.S.-led airstrikes against it. In August last year, the U.S. launched airstrikes on the group's strongholds in Iraq and exp

    January 21, 2015 07:00 pm JST
  • Turkey politics

    Erdogan claiming more power

    ISTANBUL -- By holding a cabinet meeting this Monday in the absence of any national emergency, Turkish President Recep Tayyip Erdogan effectively staked a claim for more authority. Turkish presidents usually play ceremonial roles, while the gove

    January 21, 2015 07:28 am JST