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  • Power generation and grids

    Toshiba chief sees new tie-ups with GE, Alstom on the horizon

    TOKYO -- Toshiba aims to strengthen ties with General Electric and Alstom in heavy electrical machinery, hashing out plans next year, President Hisao Tanaka told The Nikkei on Monday. The Japanese company is waiting for the American and French p

    December 23, 2014 07:35 am JST
  • Ripple effect

    Plastic prices slumping on cheap crude, naphtha

    TOKYO -- The effects of plunging crude oil and naphtha prices are spreading and have begun weighing down prices of polypropylene, a type of plastic used in many items, ahead of initial market forecasts. Prices have mostly dropped by 8 yen to 10

    December 23, 2014 06:26 am JST
  • Strategists weigh in

    Japan's stocks expected to keep rising in 2015

    TOKYO -- Japanese shares will stay on their upward trajectory next year, a number of market watchers predict, with some saying the Nikkei Stock Average will reach the 20,000 range for the first time since 2000 amid improved corporate earnings.

    December 23, 2014 06:18 am JST
  • Copper ore

    US mine lowers price for Japanese smelter

    TOKYO -- Pan Pacific Copper, the largest copper smelter in Japan, has agreed to procure copper ore from major U.S. mining company Freeport-McMoRan next year at a price some 8% lower than in 2014 under a long-term contract. The ore price, based o

    December 23, 2014 06:10 am JST
  • Step aside Rolex, Omega

    Japanese watchmakers trotting out luxury timepieces

    TOKYO -- Japanese wristwatch manufacturers are stepping up offerings of high-end products in a bid to woo male consumers who are flocking to luxury watches as a status symbol. The Japanese companies see a prime opportunity to beef up their prese

    December 23, 2014 06:02 am JST
  • Riskier business

    Foreign multinationals caught in Chinese corruption crossfire

    SHANGHAI/BEIJING -- President Xi Jinping's fight against corruption has fanned out from the "oil clique" to autos, steel and other industries. And for multinationals, this only adds to the risk of operating in China. On Friday evening, executive

    December 23, 2014 05:25 am JST
  • Sony hack

    US, regional allies ratchet up pressure on North Korea

    WASHINGTON/SEOUL -- The U.S. is working with Japan, China and South Korea to build up pressure on North Korea in light of the recent cyberattack on Sony Pictures Entertainment that forced the company to cancel the release of its new movie. U.S.

    December 23, 2014 04:33 am JST
  • Going for gold

    Panasonic teams with France's Atos on systems for Tokyo Olympics

    OSAKA -- Panasonic and French information technology giant Atos have agreed to work together to develop advanced systems for the 2020 Tokyo Olympics and Paralympic Games. The agreement pairs the Japanese company's technologies for monitoring cam

    December 23, 2014 03:22 am JST
  • Telematics auto insurance

    Aioi Nissay Dowa to acquire UK company

    TOKYO -- Japan's Aioi Nissay Dowa Insurance will acquire auto insurer Box Innovation Group by purchasing 75% of the British company's outstanding shares for 105 million pounds ($164 million). The Japanese company will use its European subsidiary

    December 23, 2014 03:16 am JST
  • Cure for sluggishness

    Kirin to revamp holding company structure

    TOKYO -- Japanese brewer Kirin Holdings will effectively reverse its 2013 creation of midlevel holding company Kirin Co., acknowledging that the added layer in management has slowed decision-making. Kirin Holdings said Monday that Yoshinori Isoz

    December 23, 2014 03:13 am JST
  • No flash in the pan

    Toshiba gaining on Samsung in smartphone memory

    TOKYO -- At a time when many once-mighty Japanese chipmakers have succumbed to competition from Samsung Electronics and other foreign companies, Toshiba is still flying the flag in this tough market -- and even narrowing the gap with Samsung in NAND

    December 23, 2014 03:02 am JST
  • Postal privatization

    Japan Post to go public next September

    TOKYO -- Japan Post Holdings and its banking and insurance units plan to debut on the Tokyo Stock Exchange in September of next year, reaching a milestone in the postal privatization initiative that began a decade ago. The Japan Post group is ex

    December 23, 2014 02:57 am JST
  • Flush with cash

    Investors seek growth stocks in Tokyo

    TOKYO -- Growth stocks continued to shine Monday on the Tokyo Stock Exchange even as the Nikkei Stock Average saw only narrow gains, with investors growing more selective despite a market awash with liquidity. The deposit balance at leading bank

    December 23, 2014 02:12 am JST
  • Prelude to industry shakeout?

    Mitsubishi Heavy may spin off shipbuilding operations

    TOKYO -- Mitsubishi Heavy Industries is considering spinning off its shipbuilding business as early as next fiscal year, hoping that tie-ups can help the struggling segment navigate choppy waters. The move by one of Japan's largest shipbuilders

    December 23, 2014 02:00 am JST
  • Japanese expats in Yangon

    Leopalace21 to launch serviced apartments in Myanmar

    YANGON -- Japan's Leopalace21 plans to begin offering serviced apartments here in Myanmar's biggest city around 2017, having recently opened a local sales office. This would mark the first time that a major Japanese company provides such accommo

    December 23, 2014 12:35 am JST
  • Soft industry

    Japanese cream puff purveyor aims to double overseas stores

    SINGAPORE -- Muginoho Holdings, the Osaka-based operator of the Beard Papa's chain of cream puff shops, plans to increase its overseas locations from around 240 to 500 by the year ending in February 2019. The company, which was acquired last yea

    December 23, 2014 12:31 am JST
  • Dollar firm in mid-119 yen zone on hopes for higher U.S. interest rates

    TOKYO (Kyodo) -- The U.S. dollar held firm in the mid-119 yen range in Tokyo on Monday, maintaining its solid footing in New York last week on prospects for a divergence in the monetary policies of the United States and Japan. At 5 p.m., the dol

    December 22, 2014 06:30 pm JST
  • Tokyo stocks end flat as profit-taking erases early gains

    TOKYO (Kyodo) -- Tokyo stocks ended nearly flat Monday as the market's gains in the morning were erased by profit-taking after recent rallies. The 225-issue Nikkei Stock Average ended up 13.74 points, or 0.08 percent, from Friday at 17,635.14. T

    December 22, 2014 04:30 pm JST
  • JGBs rise to 21-month high following rally in U.S. treasurys

    TOKYO (Dow Jones) -- Japanese government bonds rose to their highest level in about 21 months Monday, getting a lift from a rebound in U.S. Treasury debt. The rise in prices pushed down the yield on the benchmark 10-year JGB by one basis point t

    December 22, 2014 03:40 pm JST
  • IDP gets a boost

    Vietnam dairy maker draws investment from VinaCapital fund, Daiwa PI

    HO CHI MINH CITY -- VinaCapital Vietnam Opportunity Fund, a London-listed fund, and Tokyo-based investor Daiwa PI Partners have jointly acquired a 70% share of a Vietnamese dairy producer. After almost two years of negotiations, the pair announc

    December 22, 2014 03:20 pm JST