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  • Yen strengthens as BOJ, Fed stand still

    TOKYO -- Bank of Japan and U.S. Federal Reserve decisions this week to keep interest rates unchanged, combined with the start of an extended holiday period in Japan, has caused the yen to gain rapidly on the dollar.The yen strengthened to an 18-mont

    April 30, 2016 04:30 am JST
  • South Korea aims to set up 'comfort women' fund as early as June

    SEOUL -- The South Korean government is negotiating with various interest groups to launch a promised support fund for wartime "comfort women," hoping to swiftly implement an agreement reached with Japan at the end of last year.Seoul plans to create

    April 30, 2016 04:22 am JST
  • Abe reaffirms push for constitutional changes to defense powers

    TOKYO -- Prime Minister Shinzo Abe pressed his case for revising Japan's war-renouncing constitution in a TV interview aired Friday, stressing the need to eventually confront the issue."I question the validity of thinking that we cannot touch the co

    April 30, 2016 04:00 am JST
  • Kobe Steel, UACJ boosting output of aluminum autoparts

    TOKYO -- A pair of Japanese metal producers are separately ramping up overseas production of aluminum car parts to take advantage of growing demand for fuel-efficient vehicles.Kobe Steel will spend roughly 10 billion yen ($93 million) to build plant

    April 30, 2016 04:00 am JST
  • Lending below 0.25% climbs under negative rates

    TOKYO -- The negative interest rate policy introduced by the Bank of Japan has led to a surge in lending at minimal annual rates of less than 0.25%, a BOJ survey reveals.Outstanding loans at such rates, which are the lowest categorized by the BOJ, s

    April 30, 2016 04:00 am JST
  • Foreign players descending on Japan's solar power market

    TOKYO -- Foreign energy companies are pouring into Japan for a slice of its solar power market, drawn by the high prices offered under the country's feed-in-tariff renewable energy program.Even though the Japanese government is lowering solar power

    April 30, 2016 03:35 am JST
  • Oji, Sumitomo Forestry complete Myanmar sawmill

    MAWLAMYINE, Myanmar -- Oji Holdings and Sumitomo Forestry held a ceremony Friday to mark the completion of a lumber mill here, reportedly the first investment in Myanmar's lumber industry by a Japanese company since the country started undergoing de

    April 30, 2016 02:44 am JST
  • Sharp plans stock incentives to stop brain drain

    OSAKA -- Sharp plans to offer a stock-based incentive program to retain talented workers, as it grapples with an exodus of personnel amid deteriorating earnings.The embattled consumer electronics maker plans to submit the proposal to a board meeting

    April 30, 2016 02:30 am JST
  • Exclusive

    G-7, EU to share air traveler information

    TOKYO -- The Group of Seven advanced nations and the European Union look to share the names and other information of international air travelers to hinder terrorists' movements.Japan aims to have a network for sharing passenger information in place

    April 30, 2016 02:00 am JST
  • JR East, Dai-ichi Life join tech venture fund

    TOKYO -- Six companies including East Japan Railway and Dai-ichi Life Insurance have invested in a venture capital fund targeting technology startups, aiming to support innovation that could yield synergies with their own operations.The group recent

    April 30, 2016 01:30 am JST
  • Mitsubishi Heavy shows off megacruiser at German port

    HAMBURG, Germany -- A giant cruise liner constructed by Mitsubishi Heavy Industries opened its doors here Friday ahead of its entry into regular service.The 125,000-ton AIDAprima is 300 meters long and boasts 1,643 staterooms, making it the largest

    April 30, 2016 12:00 am JST
  • In Silicon Valley, Toyota studies hands-free -- and safer -- driving

    SILICON VALLEY -- Japan's Toyota Motor in January opened a research institute a five-minute drive from Stanford University. The center, which has $1 billion to spend during the next five years, is focusing on artificial intelligence and autonomous d

    April 29, 2016 10:00 pm JST
  • Yen surges again, hitting stocks and dollar

    LONDON (Reuters) -- The yen rallied to an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, weighing on stock markets around the world.With Japan on holiday, speculators drove the yen

    April 29, 2016 06:09 pm JST
  • Yen hits fresh 18-month high vs dollar

    LONDON (Reuters) -- The yen built further on Friday on a round of strong gains since the Bank of Japan meeting, moving to an 18-month high against the dollar and on course to rack up its biggest weekly gain since the 2008 financial crisis.Poor U.S.

    April 29, 2016 04:58 pm JST
  • Japanese, Mexican industry see closer ties

    MEXICO CITY -- Business leaders and other participants at a seminar here agreed on the importance of Japan and Mexico cooperating more closely to strengthen their presence in the Asian market.The seminar -- New Frontier: Future Envisioned via Mexico

    April 29, 2016 04:30 pm JST
  • Yen hits 18-month peak, stays firm after BOJ skips easing

    SYDNEY/SINGAPORE (Reuters) -- The yen set an 18-month high against the dollar on Friday, staying firm in the wake of the Bank of Japan's decision the previous day to hold off from expanding its monetary stimulus.The dollar's drop gained momentum aft

    April 29, 2016 02:28 pm JST
  • Is Japan's latest REIT boom overheating?

    TOKYO -- Investment money is flowing into Japan's booming real estate investment trusts. Japanese REIT managers have been scrambling to acquire properties away from the Tokyo metropolitan area, while non-Japanese players are betting on the market's

    April 29, 2016 01:00 pm JST
  • Interviews

    Why Japan's Australian sub bid was a dud

    SYDNEY -- When Australia went looking for a partner to build its next-generation submarines, Japan was widely considered the front-runner. But the Japanese bid for the A$50 billion ($38 billion) contract lost momentum, and French industrial group DC

    April 29, 2016 11:00 am JST
  • Resource sag deepening Japan Inc.'s woes

    TOKYO -- Corporate Japan continued to suffer from tumbling resource prices and emerging-economy weakness during the January-March quarter, with both three-month and fiscal year earnings falling from a year earlier.Aggregate quarterly pretax profit f

    April 29, 2016 07:34 am JST
  • Tepid trading takes down Japanese brokerages' profits

    TOKYO -- Earnings fell at most big Japanese securities houses in the January-March quarter as individuals stayed on the sidelines amid a turbulent time for the markets.Of 21 brokerages that had released fiscal 2015 results by Thursday, 18 sustained

    April 29, 2016 06:55 am JST