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  • Japan plans 700 billion yen medical R&D initiative

    TOKYO -- Japan is looking into setting up a 700 billion yen ($6.75 billion) private-public fund for the development and commercialization of cutting-edge drugs and medical technologies. Half that sum, or 350 billion yen, would come from private

    December 5, 2013 06:26 am JST
  • Japanese inn manageresses and their 'omotenashi' spirit

    The word omotenashi, or hospitality, was used to express one of the great characteristics of Japan and its people in the country's bid to host the 2020 Olympics. The best place to experience omotenashi is at a traditional inn. Born and raised in Sou

    December 5, 2013 12:00 am JST
  • China's dangerous Senkaku games

    It is all Japan's fault. So goes the Beijing line when it comes to issues surrounding Okinawa Prefecture's Senkaku Islands. It is now apparent that China is the provocateur. China declared Nov. 23 the establishment of an air defense identifi

    December 5, 2013 12:00 am JST
  • Soft market tests South Korean steel mettle

    SEOUL --Major South Korean steelmakers Hyundai Steel and Posco are realigning their operations in the face of declining earnings caused by a global steel glut and weak domestic demand, in stark contrast to their resurgent Japanese rivals. Posco

    December 5, 2013 12:00 am JST
  • Doha Round faces many square pegs

    It has been 12 torturous years. Free trade talks that encompass most of the world are now at the abyss. At a Dec. 3 World Trade Organization meeting in Bali, 159 ministers started discussions trying to breathe new life into talks known as the Doh

    December 5, 2013 12:00 am JST
  • Asia's commercial real estate torn between bullish investors, cautious occupiers

    The world of commercial property should be straightforward. Developers take a risk and build a building. If they are good or lucky, a business will like it and rent the space. An investor may like the look of the rental income stream and buy the bui

    December 5, 2013 12:00 am JST
  • Top North Korean official likely ousted

    SEOUL -- North Korean leader Kim Jong Un's influential uncle, Jang Song Thaek, has apparently been removed, marking a sea change in the country's balance of power. South Korea's National Intelligence Agency informed members of the parliament's i

    December 4, 2013 06:02 am JST
  • Doing business in South Korea? Beware the 'mini sextuple whammy'

    SEOUL -- Japanese companies that had been rushing into South Korea suddenly seem spooked. Corporate Japan has put down plenty of roots in the country over the past five years or so, drawn by business-friendly policies. Direct Japanese investment

    December 3, 2013 07:00 pm JST
  • Internet banking slow to catch on in Asia

    TOKYO -- The use of Internet banking continues to lag in parts of Asia, in contrast with the U.S. and Europe, where it accounts for over half of bank transactions. In Singapore and Thailand, customers using a personal computer, cellular phone or

    December 2, 2013 10:20 pm JST
  • S Korean steelmakers adjust to softer market

    SEOUL --Major South Korean steelmakers Hyundai Steel and Posco are realigning their operations in the face of declining earnings caused by a global steel glut and weak domestic demand, in stark contrast to their resurgent Japanese rivals. Posco

    December 2, 2013 01:00 pm JST
  • Sega, Chinese partner designing smartphone games for East Asia

    TOKYO -- Sega will partner with a major Chinese online game developer on smartphone offerings geared toward East Asian markets. The global market for smartphone games is forecast to double in the next five years. Facing withering competition at

    December 1, 2013 10:32 pm JST
  • Seoul may find trade pact largely a done deal

    TOKYO -- To take part in crafting the Trans-Pacific Partnership, South Korea would need the approval of all 12 current participants -- and likely have to swallow a galling Japanese demand for tariff-free access to its automobile market. The coun

    November 30, 2013 07:00 am JST
  • Reluctant South Korea embraces TPP -- almost

    SEOUL -- After much wavering, South Korea on Friday signaled an openness to talks on a cross-Pacific trade agreement, a potential shift from its preference for bilateral deals. Seoul's hesitance toward the Trans-Pacific Partnership stemmed from

    November 30, 2013 07:00 am JST
  • South Korean TV makers dominating fast-growing Mideast

    TOKYO -- The world's television manufacturers and industry insiders are increasingly watching the Middle East, a region expected to post steady annual growth of around 5% through 2016 or 2017 amid slowdowns in Japan, the U.S. and Europe, says market

    November 29, 2013 11:38 pm JST
  • South Korea poised to announce TPP aspirations

    TOKYO--South Korea is set to announce its intention to join the Trans-Pacific Partnership free-trade talks, The Nikkei learned Friday. This marks a departure from the government's traditional policy of striking a series of bilateral trade agreem

    November 29, 2013 03:58 pm JST
  • Biden to play peacemaker as tempers flare in East Asia

    WASHINGTON -- On his visit to East Asia next week, U.S. Vice President Joseph Biden is expected to perform a delicate diplomatic act to tame tensions triggered by China's claim of airspace over disputed territory while urging Beijing to show the res

    November 29, 2013 01:50 am JST
  • Asia can withstand an early Fed taper

    The U.S. economy is holding up better than expected. Job growth has accelerated in recent months, and GDP expanded impressively in the third quarter. The Fed may thus decide to ease up on quantitative easing in the coming months. True, inflation is

    November 28, 2013 01:00 pm JST
  • Hyundai sets sights on European luxury market with all-new Genesis

    SEOUL (Nikkei) -- Hyundai Motor has unveiled the all-new Genesis luxury sedan, which will spearhead the South Korean automaker's push into the European luxury car market. The first full model change for the vehicle in six years, the new Genesis

    November 28, 2013 07:00 am JST
  • Everybody seems to know where Lee Jae-yong will end up

    SEOUL -- When Google Executive Chairman Eric Schmidt emerged from a Samsung Electronics office building in Seoul earlier this fall, a throng of waiting reporters scrambled to ask the same question: Have you met with Samsung Vice Chairman Lee Jae-yon

    November 28, 2013 12:00 am JST
  • Korean cosmetics companies give Asia a makeover

    HANOI -- Cosmetics makers from South Korea are expanding their reach to the rest of Asia, heating up competition in a market projected to grow past 10 trillion yen ($98.7 billion) by 2017."Look at how your skin is dry," said a cosmetics clerk at a s

    November 28, 2013 12:00 am JST