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  • Naphtha prices on rise in Asia as demand shifts from costly LPG

    TOKYO -- Prices for naphtha are trending higher in Asia, fueled by growing demand as petrochemical manufacturers move away from costly liquefied petroleum gas as the feedstock for their products. Naphtha, which has been moving in a high price ra

    April 18, 2014 03:17 am JST
  • Tight supplies push up Asian butadiene prices

    TOKYO -- Asian prices of butadiene, a petrochemical product used to make synthetic rubber, are rebounding as regularly scheduled petrochemical plant maintenance in Japan and Taiwan reduces supplies. The spot price was recently around $1,380 per

    April 18, 2014 02:02 am JST
  • Japan Digital Laboratory's profit soars to record on tax software

    TOKYO -- Accounting software provider Japan Digital Laboratory Co. likely generated a pretax profit of about 8 billion yen ($77.56 million) for the year ended March 31, up around 30% from fiscal 2012. The figure marks a second straight year of r

    April 18, 2014 02:00 am JST
  • Japan to become catalyst for Myanmar stock exchange project

    TOKYO -- Japan Exchange Group and Daiwa Securities Group will invest several billion yen in a stock exchange being planned in Myanmar, providing broad support for creating capital markets in that country. The duo is working with the Myanmar gove

    April 18, 2014 02:00 am JST
  • JAL likely beat profit forecast on uptick in business travel

    TOKYO -- Japan Airlines Co. apparently generated an operating profit of a little over 160 billion yen ($1.55 billion) in the year ended March 31, down 18% on the year but better than projected. The carrier had forecast a profit of 158 billion ye

    April 18, 2014 02:00 am JST
  • KFC Japan seen with smaller profit drop than forecast

    TOKYO -- KFC Holdings Japan Ltd.'s fiscal 2013 operating profit likely declined less than expected, thanks to successful advertising campaigns and new products in the fiscal second half. Profit at the fried chicken chain apparently dropped 30% t

    April 18, 2014 02:00 am JST
  • Investor hopes high for Vietnam's bank reshuffle

    SINGAPORE -- Vietnam's stock market has been a global standout this year, bolstered by the strong market performance of its restructuring financial sector. Many Asian stock markets were quiet Thursday ahead of the Good Friday holiday, but the VN

    April 18, 2014 01:36 am JST
  • Hitachi Zosen lands deal for Indian waste-to-energy plant

    OSAKA -- Hitachi Zosen has become the first Japanese company to win an order from India for a garbage incinerator, with local components helping to cut the price to 10% as much as in Japan. Work on the waste-to-energy plant, which will supply el

    April 18, 2014 12:46 am JST
  • Fast Retailing's biggest threat: higher labor costs abroad

    TOKYO -- With Fast Retailing cutting its earnings forecast due to rising personnel costs at its Japanese segment, investors are worried that the company behind the Uniqlo casual fashion brand may face a similar scenario overseas, where it has been a

    April 18, 2014 12:26 am JST
  • Japan seeking foreign consultants to lure overseas businesses

    TOKYO -- The Japan External Trade Organization said Thursday that it will recruit several dozen specialists from businesses and consultancies throughout the world to bring foreign invest to Japan. Jetro plans to employ 60 industry specialists in

    April 17, 2014 11:11 pm JST
  • U.S. offers to cut tariffs on 99.5% of goods under TPP

    WASHINGTON (Kyodo) -- The United States has proposed eliminating tariffs on 99.5 percent of goods imported from Japan, as it presses Tokyo to scrap tariffs even on agricultural products to clinch a 12-nation Pacific free trade deal, a Japanese gover

    April 17, 2014 08:12 pm JST
  • Options market points to uncertainty for Japan stocks

    TOKYO -- The Japanese stock market rose nearly across the board on Wednesday, its first such broad-based gain in a long time. The number of advancing issues on the first section of the Tokyo Stock Exchange reached its highest since November 2012

    April 17, 2014 07:00 pm JST
  • Scenario for achieving both economic growth and fiscal consolidation: JCER

    The Japanese economy currently faces concern that not only the population but also capital stock is declining and aging. In this economic situation, fiscal consolidation has become a burning issue. Although a decision to raise the consumption ta

    April 17, 2014 06:15 pm JST
  • Dollar edges down to 102 yen line, capped by Yellen's remark

    TOKYO (Kyodo) -- The U.S. dollar edged down to around the 102 yen line on Thursday in Tokyo with its upside capped by U.S. Federal Reserve Chair Janet Yellen's dovish remarks overnight. At 5 p.m., the dollar fetched 102.02-04 yen compared with 1

    April 17, 2014 06:02 pm JST
  • JGBs Little Changed After Smooth 20-Yr Auction

    TOKYO (Dow Jones) -- Benchmark 10-year Japanese government bonds and futures were mostly unchanged Thursday after a day of directionless trade. A 20-year bond auction, largely in line with expectations, provided little cause for any movemen

    April 17, 2014 05:04 pm JST
  • Tokyo stocks end flat, market top-heavy due to profit-taking

    TOKYO (Kyodo) -- Tokyo stocks ended Thursday flat as trading oscillated between profit-taking from the previous day's large gains and buying prompted by overnight gains on Wall Street. The 225-issue Nikkei Stock Average ended down 0.15 point fro

    April 17, 2014 03:37 pm JST
  • Mixed sentiment after Nikkei's second biggest rise this year

    TOKYO -- Tokyo stocks closed sharply higher Wednesday. The Nikkei Stock Average jumped 420 points, its second biggest one-day rise in 2014. The Japan benchmark stock index fell 7% last week, bringing profit seeking investors back to short shares

    April 17, 2014 02:50 pm JST
  • Dollar falls to upper 101 yen zone pressured by Yellen's speech

    TOKYO (Kyodo) -- The dollar fell to the upper 101 yen zone Thursday morning in Tokyo, pressured by U.S. Federal Reserve Chair Janet Yellen's dovish remarks overnight. At noon, the dollar fetched 101.94-95 yen compared with 102.19-29 yen in New Y

    April 17, 2014 01:08 pm JST
  • Crunch time for TPP as Japan, US hold crucial tariff talks

    WASHINGTON -- Japanese and U.S. officials are making a last-ditch effort in Washington this week to achieve meaningful progress in tariff negotiations. Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama are scheduled to hold a su

    April 17, 2014 01:00 pm JST
  • Scientific 'paradise' shaken by STAP scandal

    TOKYO -- Riken, Japan's largest comprehensive research institution, faces a quandary as it has been embroiled in a debilitating scandal involving Haruko Obokata's controversial research into stimulus-triggered acquisition of pluripotency (STAP) cell

    April 17, 2014 01:00 pm JST