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  • Foreign intelligence debate

    Japan mulls its own CIA-like agency

    TOKYO -- A recent spate of deadly incidents involving Japanese nationals abroad has reignited debate over whether Japan should create its own version of the CIA. Japan was rocked by the murder of two Japanese hostages held by the Islamic State g

    March 31, 2015 01:00 pm JST
  • Joining the bandwagon

    Australia to play its own game at AIIB

    SYDNEY -- Five months after rejecting China's first invitation to join the Asian Infrastructure Investment Bank, Australia announced its participation as a founding member on March 29, two days ahead of the extended deadline. Peter Drysdale, Emeritu

    March 31, 2015 01:00 pm JST
  • AIIB participation

    Japan puts off decision

    TOKYO -- Japan will put off a decision on whether to join the China-led Asian Infrastructure Investment Bank, Taro Aso, deputy prime minister and finance minister, said Tuesday. "We have no choice but to take a highly cautious stance on particip

    March 31, 2015 11:00 am JST
  • Washington and the AIIB

    US open to cooperation, expects good governance, Lew says

    BEIJING -- The U.S. looks forward to cooperating with the Asian Infrastructure Investment Bank and welcomes a bigger role for China in regional infrastructure building, U.S. Treasury Secretary Jacob Lew told Premier Li Keqiang here Monday. Lew's

    March 31, 2015 05:44 am JST
  • Stem cell supply

    Cellular Dynamics buy to aid Fujifilm's medical ambitions

    TOKYO -- Purchasing American biotechnology company Cellular Dynamics International will give Fujifilm Holdings a boost in the budding field of regenerative medicine by providing a steady, high-volume source of stem cells. The Japanese giant inte

    March 31, 2015 04:51 am JST
  • Fujifilm Holdings to acquire US biotech venture for $307 million

    TOKYO (Kyodo) -- Fujifilm Holdings Corp. said Monday it will buy U.S. biotechnology venture company Cellular Dynamics International Inc. through a tender offer for $307 million. The move comes as Fujifilm is beefing up its medical business to ma

    March 30, 2015 08:33 pm JST
  • Nikko tie-up

    Asset manager taps Eurasia Group's emerging-market risk indexes

    TOKYO -- Nikko Asset Management intends to develop new investment products targeting various emerging economies, working with Eurasia Group. The Japanese asset manager will adopt risk indexes, which are calculated by the U.S. consultancy based o

    March 30, 2015 07:00 pm JST
  • Remembering Lee

    Singapore's era of diplomatic influence

    SINGAPORE -- Visionary leader Lee Kuan Yew played an important role in key postwar developments which shaped the geopolitical landscape in Asia. Born to an ethnic Chinese family, the Cambridge University educated Lee, who died on March 23 at th

    March 30, 2015 07:00 pm JST
  • Japan's fisheries minister suspends Okinawa's order to halt US base work

    NAHA, Japan (Kyodo) -- Fisheries minister Yoshimasa Hayashi suspended on Monday an instruction by the Okinawa governor for a local defense bureau to halt work on the planned relocation of a U.S. military base within the island prefecture, in the lat

    March 30, 2015 04:53 pm JST
  • Companies beware

    China toughens its attitude to graft

    TOKYO -- President Xi Jinping anti-corruption drive in China shows no signs of slowing. Xi's anti-graft campaign is widening to target business executives as well as political heavyweights and senior government officials. Companies need

    March 30, 2015 07:00 am JST
  • Opinion & Analysis

    Japan grapples with the age of terrorism

    As Japan grappled with the notion that it had become a target for the extremist group Islamic State following the hostage crisis earlier this year, the country's foreign minister Fumio Kishida outlined a strategy for dealing with Islamic terrorism.

    March 29, 2015 01:00 pm JST
  • Commodity prices rise

    Yemen unrest, dollar send oil, gold higher

    TOKYO -- The stronger dollar and unrest in the Middle East have caused international prices of commodities such as gold and crude oil to climb off recent lows. The Nikkei Commodity Index, which indicates total price fluctuations for dollar-denom

    March 28, 2015 04:47 am JST
  • Diabetes devices

    Panasonic Healthcare to bid for Bayer business

    TOKYO -- Panasonic Healthcare Holdings is expected to make a bid to acquire German drugmaker Bayer's blood glucose meter business. Panasonic Healthcare expects to spend about 100 billion yen ($830 million) for the purchase. The company is 80% ow

    March 28, 2015 04:06 am JST
  • Trimming debt

    Itochu unloading US building materials vendor

    TOKYO -- Itochu agreed Friday to sell PrimeSource Building Products to an American investment company, planning to apply the cash toward reducing debt taken on with an investment in China's Citic. The sale to Platinum Equity is the largest ever

    March 28, 2015 03:55 am JST
  • U.S. defense chief lauds Japan bid for new security laws: lawmaker

    WASHINGTON (Kyodo) -- U.S. Defense Secretary Ashton Carter commended Japan on Thursday for trying to make laws on expanded defense capability following last year's drastic change in the country's security policy, a senior Japanese lawmaker said.

    March 27, 2015 11:33 am JST
  • Seeking opportunity

    South Korea intends to join China's AIIB

    SEOUL -- South Korea plans to join the Chinese-led Asian Infrastructure Investment Bank, becoming yet another U.S. ally to do so despite Washington's cautious stance. Seoul hopes joining the bank, to be set up late this year, will boost South Ko

    March 27, 2015 04:13 am JST
  • Possible breakthrough

    Japan-US team claims progress on Ebola vaccine

    TOKYO -- A Japanese-U.S. team said it has developed a new vaccine against Ebola that can prevent the deadly disease in monkeys exposed to dangerous levels of the virus. University of Tokyo virologist Yoshihiro Kawaoka and his team, which include

    March 27, 2015 03:00 am JST
  • Eye on Diners Club

    Sumitomo Mitsui Trust to buy Citi's credit card unit

    TOKYO -- Sumitomo Mitsui Trust Bank plans to purchase Citigroup's credit card unit in Japan for just over 40 billion yen ($332 million), completing the American financial giant's exit from retail services here. Sumitomo Mitsui Trust and Citigrou

    March 27, 2015 02:39 am JST
  • Bright prospects

    Top solar companies plan to ramp up Japanese sales

    TOKYO -- Four big global solar panel makers plan to ship a total of 3.8 million kilowatts of panels to Japan this year, which should offer consumers a broader range of options and help reduce power generation costs. The top three solar companies

    March 26, 2015 03:08 am JST
  • New development landscape

    ADB chief sees possible joint financing with China-led AIIB

    TOKYO -- The Asian Development Bank is willing to co-finance projects with the new China-led development bank as long as certain conditions are met, ADB President Takehiko Nakao said Wednesday. "Joint financing could be a large component of a co

    March 26, 2015 02:00 am JST