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  • Need for security network growing in Asia

    TOKYO -- When a flotilla of ships of the Russian Pacific Fleet called at the Vietnamese naval base at Cam Ranh in June, it was a clear indication that Vietnam was courting Russia in a bid to counter China's growing clout. The port call followed

    July 25, 2014 02:40 pm JST
  • Panasonic, Hokuriku Electric to help cut power use in Mexico

    TOKYO -- Japan's Hokuriku Electric and Panasonic will launch an energy-saving initiative in Mexico, leveraging a bilateral arrangement that enables Japan to earn CO2 emission credits in exchange for providing environmental technology. Hokuriku E

    July 25, 2014 05:03 am JST
  • Offshoring stymies Japanese export growth

    TOKYO -- Structural shifts have kept Japan's exports lackluster as the shift toward overseas manufacturing negates the benefits of the weak yen. Many experts expect exports to grow gradually as the global economy recovers, but official trade dat

    July 25, 2014 01:59 am JST
  • Starbucks opens first branch in Hanoi

    HANOI -- Starbucks opened its first store in Hanoi on Wednesday. With plans to open two more here this month, the U.S. chain is stepping up its presence in the Vietnamese market. The first Starbucks in the country's capital is located in a hotel

    July 24, 2014 05:25 am JST
  • Cosmo Oil buys light crude from US shale project

    TOKYO -- Petroleum products from an American shale project are set to arrive in Japan for the first time following Cosmo Oil's recent purchase of 300,000 barrels of a light crude oil called condensate. Condensate is a gas underground and turns i

    July 24, 2014 04:38 am JST
  • Interest rates, Russia risks dragging euro down

    TOKYO -- The euro reached on Wednesday its lowest point against the dollar in Tokyo since November 2013, amid falling interest rates and worries about the impact on the euro zone of European Union sanctions against Russia. The euro softened to $

    July 24, 2014 03:49 am JST
  • Diverging from the conventional shop

    TOKYO -- Every day, 7-Eleven scatters a few new shops around the world. As of the end of March, the number of stores displaying the orange, green and red logo came to 52,811, up 54% from six years earlier. A lot of those stores opened in Asia. T

    July 24, 2014 12:00 am JST
  • Yen doldrums: Sign of hopelessness or quiet before storm?

    TOKYO -- The Japanese currency is stagnating. Foreign exchange markets here remain directionless, even after the July 15 release of the Bank of Japan's policy board meeting results and BOJ Gov. Haruhiko Kuroda's post-meeting press conference. Th

    July 24, 2014 12:00 am JST
  • Aussie dollar getting top-heavy as economy sags

    SYDNEY -- The Australian dollar has been top-heavy against its U.S. counterpart recently, partly due to concerns over an economic slowdown and a verbal intervention by the central bank. On July 1, the Australian currency traded near its eight-mo

    July 24, 2014 12:00 am JST
  • Ken Kutaragi: In-car IT ready for masses

    Android Auto drew strong attention at this year's Google I/O, an annual software developer-focused conference held in June. The platform extends the use of Google's Android operating system to automobiles. It functions by connecting users' smartphon

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Update: 5 detained in China expired meat scandal as police launch probe

    BEIJING (Kyodo) -- Shanghai police have detained five suspects in connection with an expired meat scandal that has rocked major fast food chains in China, Japan and the United States, local media reported Wednesday. Chinese authorities have plac

    July 23, 2014 05:18 pm JST
  • Japan to enhance quarantine checks on food imports

    TOKYO (Kyodo) -- Japan will enhance quarantine checks on food imports after Tuesday's revelation that a Chinese company had sold outdated chicken to some Japanese retailers, the chief government spokesman said Wednesday. McDonald's Co. (Japan) a

    July 23, 2014 04:24 pm JST
  • 5 detained in China tainted meat scandal as police launch probe

    BEIJING (Kyodo) -- Shanghai police have detained five suspects in connection with a tainted meat scandal that has rocked major fast food chains in China, Japan and the United States, Chinese state media reported Wednesday. Authorities have place

    July 23, 2014 04:15 pm JST
  • Hitachi throws down gauntlet to top 3 train makers

    TOKYO/LONDON -- Hitachi on Monday unveiled standard rail cars developed for overseas customers, an occasion that revealed the company's vaulting ambition for a market dominated by three giants. Switching to standardized production helps Hitachi

    July 23, 2014 05:52 am JST
  • Mitsubishi creates platform for small-lot infrastructure investment

    TOKYO -- Trading house Mitsubishi will partner with a U.S. private equity firm that specializes in infrastructure-related investment, aiming to attract a combined 10 billion yen ($97.5 million) from small-lot investors in Japan. Mitsubishi will

    July 23, 2014 03:13 am JST
  • A new kind of 'great power relationship'? No thanks, Obama subtly tells China

    TOKYO -- While China traditionally attaches great importance to the concept of "saving face," a high-ranking member of its government recently seemed to make his U.S. counterpart lose face before a global audience. The occasion was the closing c

    July 22, 2014 07:00 pm JST
  • Li & Fung hopes brand business spinoff strengthens its trading empire

    HONG KONG -- Li & Fung, a leading supplier of consumer goods based in Hong Kong, has spun off its brand management unit and taken it public in the Chinese territory. Global Brands Group Holding, the newly listed entity, has licenses to hundreds

    July 22, 2014 01:00 pm JST
  • Fortune 500 shows how badly corporate Japan lags West

    TOKYO -- In Fortune magazine's latest ranking of the world's top 500 companies by revenue, 57 Japanese businesses made the cut, five fewer than last year. In 2000, the figure exceeded 100, meaning over 20% of the companies in the global elite were J

    July 22, 2014 01:00 pm JST
  • Fighter jet makers duel over emerging markets

    PARIS/LONDON -- At this year's Farnborough International Airshow, one of the world's largest aircraft exhibitions, Boeing and Airbus competed for passenger jet orders in spectacular fashion. But the sidelines of the show, which closed Sunday, double

    July 22, 2014 07:00 am JST