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  • Itochu tying up with top Thai conglomerate

    TOKYO -- Itochu has agreed to an unprecedented capital and business tie-up with Charoen Pokphand Group, one of Thailand's largest conglomerates, as the Japanese company seeks a stronger foothold in Asian markets. The trading house will pay 6.6 b

    July 25, 2014 06:24 am JST
  • Japan coffee companies hit by dwindling Blue Mountain supply

    TOKYO -- As the supply of Jamaica's Blue Mountain coffee plunges, Japanese distributors are being forced to contend with the shortage by raising prices or halting sales of the Caribbean variety that has found avid fans in the country. Key Coffee

    July 25, 2014 06:06 am JST
  • China to create intellectual property courts

    TOKYO -- China will set up specialized courts for intellectual property cases as early as next spring in response to the sharp rise in such litigation -- a development seen holding both promise and pitfalls for Japanese corporations. The country

    July 25, 2014 05:10 am JST
  • Panasonic, Hokuriku Electric to help cut power use in Mexico

    TOKYO -- Japan's Hokuriku Electric and Panasonic will launch an energy-saving initiative in Mexico, leveraging a bilateral arrangement that enables Japan to earn CO2 emission credits in exchange for providing environmental technology. Hokuriku E

    July 25, 2014 05:03 am JST
  • Mitsubishi Heavy taking its urban rail systems to the world

    TOKYO -- Mitsubishi Heavy Industries has global plans for its urban transportation systems. The Japanese company is revamping the design of its systems to slash installation and maintenance costs by half, and plans to open bases for sales and se

    July 25, 2014 04:53 am JST
  • BTMU to offer contract workers job security until age 60

    TOKYO -- As part of efforts to improve working conditions for employees not hired on a full-time basis, Bank of Tokyo-Mitsubishi UFJ will allow contract workers to switch to a new status that would guarantee employment until they are 60 years old.

    July 25, 2014 04:23 am JST
  • Abe to pitch Japan on Latin America tour

    TOKYO -- Japanese Prime Minister Shinzo Abe will kick off a tour of five Latin American countries Friday, aiming to use diplomacy to help domestic businesses branch out into the region while curbing an increasingly influential China. The trip wi

    July 25, 2014 04:17 am JST
  • Southeast Asian rice exporters duke it out for global market

    YANGON/TOKYO -- As the world's appetite for rice grows, competition is intensifying among Southeast Asian producers already accounting for a big share of global exports. Myanmar and Cambodia, once major exporting countries, are beginning to send

    July 25, 2014 04:14 am JST
  • IHI operating profit likely up 80% for April-June on jet engines

    TOKYO -- IHI apparently saw its consolidated operating profit jump 80% on the year to about 14 billion yen ($136 million) in the quarter ended June on strong sales of aircraft engines and the recovery of its energy business. The figure would be

    July 25, 2014 03:09 am JST
  • BRICS bank can contribute to global growth: BOJ's Kuroda

    BANGKOK -- Japan's central bank chief welcomed plans by the world's five leading emerging economies for a development bank and currency swap pool, saying they "could contribute greatly to the global economy." This institution-building by Brazil,

    July 25, 2014 03:04 am JST
  • Global markets take a prolonged siesta

    TOKYO -- The stock market typically languishes in summer, but this year is proving even more quiet than usual. "When the market moves this little, it isn't very good for business," a trader at one brokerage said wryly Thursday. The Nikkei St

    July 25, 2014 02:00 am JST
  • Royal Holdings' interim profit seen climbing 20%

    TOKYO -- Royal Holdings' operating profit appears to have jumped 20% on the year to around 1.4 billion yen ($13.6 million) for the six months through June, on the back of brisk sales at a casual dining chains. The strong performance of Royal Hos

    July 25, 2014 02:00 am JST
  • Hulic likely saw 34% profit gain in January-June

    TOKYO -- Japanese real estate leasing company Hulic's group operating profit for the January-June half probably climbed 34% on the year to 18.5 billion yen ($180 million). Sales apparently soared 240% to 120 billion yen. The company sold 14 prop

    July 25, 2014 02:00 am JST
  • Offshoring stymies Japanese export growth

    TOKYO -- Structural shifts have kept Japan's exports lackluster as the shift toward overseas manufacturing negates the benefits of the weak yen. Many experts expect exports to grow gradually as the global economy recovers, but official trade dat

    July 25, 2014 01:59 am JST
  • Myanmar industrial park being finished 2 years early

    YANGON -- The developer of Myanmar's Thilawa industrial park will complete the project two years sooner than initially planned in response to strong calls for its early operation. The project is being handled by Myanmar Japan Thilawa Development

    July 25, 2014 01:59 am JST
  • Japan's China-related stocks rise on signs of stronger economy

    TOKYO -- Investors are snatching up shares of Japanese companies with interests in China, reassured by the strength of recent Chinese economic indicators. The HSBC China Manufacturing Purchasing Managers' Index for July, released Thursday, remai

    July 25, 2014 12:37 am JST
  • Shoichiro Toyoda (10): The 'try anything' mindset

    In my second year at Toyota, I was appointed to lead a special unit charged with developing high-quality automotive engines at low cost. The team was full of young, energetic and skilled engineers and technicians. But we took on a task that at times

    July 25, 2014 12:00 am JST
  • Thailand's Charoen Pokphand and Japan's Itochu form strategic alliance

    BANGKOK -- Thailand's giant business conglomerate Charoen Pokphand (CP) Group has entered into a cross-shareholding deal with Itochu Corporation, a major Japanese trading house. CP is taking a 4.9% stake in Itochu for 102 billion yen ($1 billion

    July 24, 2014 11:50 pm JST
  • Oki likely logged first operating profit for April-June quarter

    TOKYO -- Oki Electric Industry is expected to report its first April-June operating profit since it began disclosing quarterly earnings in 2002, thanks in part to an improvement in its printer business. The Japanese company likely earned an oper

    July 24, 2014 11:37 pm JST
  • Dollar drifts within mid-101 yen zone as traders remain risk-wary

    TOKYO (Kyodo) -- The U.S. dollar moved narrowly within the mid-101 yen zone in Tokyo on Thursday, as signs of U.S. economic strength failed to inspire traders to buy the currency against a background of ongoing geopolitical tensions. At 5 p.m.,

    July 24, 2014 06:05 pm JST