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  • Heightening interest

    China to set AIIB founding countries as early as April 15

    BOAO, China -- China expects to officially pin down the founding members of the Asian Infrastructure Investment Bank as soon as April 15. To be set up this year, the bank already has more than half as many members as the rival Asian Development

    March 27, 2015 04:33 am JST
  • Incentives draw Japan Inc. to Turkish midlands

    ISTANBUL -- Turkey's underdeveloped inland areas are getting some new residents: Japanese manufacturers. These companies are being attracted by ample low-cost labor and tax incentives offered by the government. Some Japanese manufacturers have t

    March 26, 2015 12:00 am JST
  • Beyond Istanbul

    Incentives draw Japanese manufacturers to Turkish midlands

    ISTANBUL -- Turkey's underdeveloped inland areas are getting some new residents: Japanese manufacturers. These companies are being attracted by ample low-cost labor and tax incentives dangled by the government. Some Japanese manufacturers have a

    March 21, 2015 01:00 pm JST
  • Nuclear power pact

    Turkey to build 4 reactors by 2028 with Japan's help

    ISTANBUL -- The Turkish government plans to place four nuclear reactors into service by 2028 under a commercial agreement with Japanese companies concluded in 2013, details of which were recently revealed. Japan's Mitsubishi Heavy Industries and

    March 21, 2015 04:27 am JST
  • Bracing for capital flight

    Slide in emerging markets' currencies gains momentum

    LONDON/JAKARTA -- As low crude oil prices improve economic conditions, emerging markets are loosening their tight monetary stances and seemingly tolerating some currency depreciation to boost exports. The Brazilian real has weakened by 17% again

    March 14, 2015 06:28 am JST
  • Koc Holding: Pillar of Turkish economy rolling into Asia

    ISTANBUL -- Koc Holding, Turkey's biggest conglomerate, will gain a foothold in Southeast Asia with a refrigerator factory in Thailand. The group, which accounts for 8% of Turkish gross domestic product, aims to earn 30% of its overseas sales in

    March 12, 2015 12:00 am JST
  • Chairman looks to ease dependence on Europe

    ISTANBUL -- Like any conglomerate, Koc Holding spans a variety of businesses. The Turkish giant is seeking the geographic diversity to match. "We don't want to put all our eggs in the same basket," Chairman Mustafa Koc told The Nikkei recently.

    March 12, 2015 12:00 am JST
  • Interview

    Koc Holding chairman looking to ease EU dependency

    ISTANBUL -- Like any conglomerate, Koc Holding spans a variety of businesses. The Turkish giant is seeking the geographic diversity to match. "We don't want to put all our eggs in the same basket," Chairman Mustafa Koc told The Nikkei recently.

    March 6, 2015 05:39 am JST
  • Koc Holding

    Pillar of Turkish economy rolling into Asia

    ISTANBUL -- Koc Holding, Turkey's biggest conglomerate, will gain a foothold in Southeast Asia with a refrigerator factory in Thailand. The group, which accounts for 8% of Turkish gross domestic product, aims to earn 30% of its overseas sales in

    March 6, 2015 05:29 am JST
  • Unsafe haven

    Russia's rating gets worse in R&I's country risk poll

    TOKYO -- The risk of investing in Russia has risen sharply, according to a report by Rating and Investment Information, a Japanese credit rating agency. A plunge in the value of the ruble and the toll of Western sanctions imposed on Russia in re

    March 5, 2015 06:20 am JST
  • Carmen M. Reinhart

    Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • Carmen M. Reinhart: Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • 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