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  • Interview

    Mexican ambassador courts automotive investment from Japan

    NAGOYA -- Mexico wants more investment from Japanese companies, especially smaller ones, as it aims to become the world's fourth-largest producer of cars by 2020. One of major challenges facing Mexico's automotive industry is increasing local p

    July 7, 2015 01:00 pm JST
  • Euro weakens slightly as traders await eurozone summit

    TOKYO (Kyodo) -- The euro weakened slightly Tuesday morning in Tokyo as traders waited to see whether a eurozone summit later in the day would help contain Greece's debt crisis. At noon, the euro was quoted at $1.1033-1034 and 135.36-38 yen agai

    July 7, 2015 12:55 pm JST
  • China holds ceremony to commemorate start of war with Japan in 1937

    BEIJING (Kyodo) -- China on Tuesday held a ceremony to mark the 78th anniversary of an incident widely seen as having triggered the start of major hostilities with Japan. The ceremony to commemorate the 1937 Lugou Bridge Incident, also known as

    July 7, 2015 12:45 pm JST
  • Tokyo stocks rebound, eyes stay on Greece

    TOKYO (Kyodo) -- Tokyo stocks rebounded firmly Tuesday morning as investors took the opportunity for bargain-hunting following Monday's steep declines, taking cues from U.S. stock markets' muted reaction overnight to weekend developments in Greece's

    July 7, 2015 12:35 pm JST
  • Nikkei PMI

    Software, banking sectors log biggest activity gains in June

    TOKYO -- The newly named Nikkei Asia Sector Purchasing Managers' Index, or PMI, for June showed increased business activity across 11 of 19 industries monitored. Software and services companies led the way with the steepest output growth in nine

    July 7, 2015 11:00 am JST
  • Tokyo stocks rebound in early trading after sharp sell-off

    TOKYO (Kyodo) -- Tokyo stocks rebounded in early trading Tuesday following Monday's steep declines, as investors took cues from U.S. stock markets' muted reaction overnight to weekend developments in Greece's debt crisis. In the first 15 minutes

    July 7, 2015 09:51 am JST
  • Dollar trades in upper 122 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 122 yen range early Tuesday in Tokyo, up slightly from its levels overnight. At 9 a.m., the dollar fetched 122.67-73 yen compared with 122.52-62 yen in New York and 122.63-65 yen in Tokyo at 5

    July 7, 2015 09:13 am JST
  • Department store trends

    Isetan Mitsukoshi head cautiously optimistic on consumption

    TOKYO -- After suffering from a protracted sales slump, Japan's department store industry is starting the second half of 2015 on a positive note. Foreign tourists, especially those from elsewhere in Asia, have helped boost sales significantly, b

    July 7, 2015 08:30 am JST
  • Japan's war past

    Remembering Nagase's bridges to reconciliation

    KANCHANABURI, Thailand -- It is essentially a saga of suffering and death which draws some 5 million tourists a year to this sleepy town in western Thailand. It is a tale of disease, starvation and executions felling thousands of Allied prisoners of

    July 7, 2015 07:00 am JST
  • Shifting strategies

    Megabanks look beyond Japanese companies in China operations

    TOKYO -- Japanese megabanks are strengthening operations in China again amid improving ties between the two countries. But this time, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Sumitomo Mitsui Banking Corp. are expanding beyond their predominantl

    July 7, 2015 04:10 am JST
  • Emerging market

    KDDI, Sumitomo to enhance Myanmar mobile operations

    TOKYO -- Telecommunications provider KDDI and trading house Sumitomo plan to boost mobile service operations in Myanmar, more than doubling base stations to 5,000 by next spring. The two Japanese companies, partners with state-run telecom provid

    July 7, 2015 03:53 am JST
  • Subtle nuances

    Language tiff nearly derailed world heritage designations for Japan

    TOKYO -- A United Nations body has added 23 Japanese locations to its list of cultural heritage sites, but only after Japan and South Korea tenuously agreed on how to describe sites where Koreans were once forced to work. The locations had playe

    July 7, 2015 02:48 am JST
  • Aligning demand and supply

    Honda scraps 6m sales target, breaks down production silos

    TOKYO -- Honda Motor will abandon its ambitious sales target and focus instead on getting back to making quality cars that captivate avid fans, President Takahiro Hachigo said Monday. Six regions that run independent production and sales network

    July 7, 2015 02:30 am JST
  • Better service

    Rakuten, Yamato team on e-commerce delivery options, fulfillment

    TOKYO -- Rakuten and Yamato Holdings will collaborate on e-commerce, offering more delivery options for shoppers and helping retailers with order fulfillment, the two companies said Monday. "We will improve convenience for users and revitalize t

    July 7, 2015 02:29 am JST
  • Easy-money eddy

    Yen fades as safe haven

    TOKYO -- Even with Greeks soundly rejecting austerity in a historic vote and with Shanghai stocks on a downward roller coaster ride, currency traders are not buying up the yen as an emergency resort. A brief buying frenzy in early morning tradin

    July 7, 2015 02:16 am JST
  • Economic recovery in Japan

    Consumer spending, housing investment driving regional growth

    TOKYO -- All Japanese regions are enjoying economic recoveries, with high stock prices lifting consumer spending and housing investment bouncing back after the April 2014 consumption tax hike, according to a Bank of Japan report released Monday.

    July 7, 2015 02:07 am JST
  • Nikkei earnings preview

    DIC's first-half operating profit seen up 10%

    TOKYO -- Operating profit at Japanese ink giant DIC likely grew around 10% on the year to 22 billion yen ($178 million) in the January-June half on brisk demand for organic pigments used in color filters. The figure undershoots company estimates

    July 7, 2015 02:00 am JST
  • Speedier checkouts

    Seven-Eleven Japan to send tax-free shoppers on their way in 5 minutes

    TOKYO -- Seven-Eleven Japan plans to drastically shorten the time needed for foreign tourists to complete the paperwork for tax-free shopping by introducing a specialized system at cash registers. Looking to tap into the 2 trillion yen ($16.1 bi

    July 7, 2015 02:00 am JST
  • Cutting out brokers

    Sony, Yahoo Japan plan online service that links up homeowners, buyers

    TOKYO -- Sony and Yahoo Japan are set to launch an online market for previously occupied residences later this year, letting homeowners and prospective buyers negotiate prices over the Internet. The service, to be operated by Yahoo, initially wi

    July 7, 2015 02:00 am JST
  • Rich potential

    Toyota to take Lexus marque to India

    NAGOYA -- Toyota Motor plans to introduce its Lexus luxury brand to the Indian market as early as 2017 in hopes of cultivating demand from the wealthy. The plan is to open three or so dealerships in such big cities as Delhi, expanding from there

    July 7, 2015 02:00 am JST