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  • Japanese banks to integrate ATM systems with rest of Asia

    TOKYO -- Backed by a government eager to lure tourists from neighboring countries, major Japanese banks are considering connecting their ATM systems with those operated by financial service providers throughout Asia. Under the plan, NTT Data, wh

    January 8, 2014 02:08 am JST
  • Japanese fund finds an ally in Abenomics

    TOKYO -- A Japanese investment fund taking advantage of the government's growth strategy has been delivering solid results. Managed by Shinko Asset Management, the Shinko Nihon-kabu Seicho Senryaku fund is available in six currencies, including the

    January 7, 2014 07:00 pm JST
  • Mitsubishi Aircraft poised to land new regional jet orders

    TOKYO -- Mitsubishi Aircraft is in advanced talks with multiple airlines to sell its yet-to-be-flown regional jet, according to the company's president. The Mitsubishi Regional Jet stands to be Japan's first domestically produced passenger aircr

    January 7, 2014 07:00 pm JST
  • Japan's long-term interest rates forecast to head higher this fall

    TOKYO -- Market experts predict Japan's long-term interest rates will remain low through the first half of 2014 before beginning to climb in the second half. Last year, the rates were volatile in April and May as the Bank of Japan embarked on un

    January 7, 2014 07:00 pm JST
  • Toyota, Hitachi stocks tipped for stellar 2014

    TOKYO -- Toyota Motor and Hitachi are seen as the most promising Japanese stocks of 2014, according to a Nikkei Veritas survey of market experts conducted at the end of December. Toyota will likely benefit from the yen's depreciation and the U.S

    January 7, 2014 07:00 pm JST
  • Asian flat-panel TV rivals jazz up lineups

    LAS VEGAS -- Japanese and South Korean electronics makers are honing their strategies in hopes of boosting sales of flat-panel TVs. Japan's Panasonic and South Korea's LG Electronics announced Monday that they will adopt fresh and more convenien

    January 7, 2014 02:00 pm JST
  • Beleaguered nuclear recycling plant applies for inspection

    TOKYO -- Japan Nuclear Fuel Ltd. has applied to the Nuclear Regulation Authority for safety inspections of its long-stalled nuclear fuel reprocessing plant in Rokkasho, Aomori Prefecture. Kazuhiro Matsumura, the company's senior executive vice p

    January 7, 2014 01:51 pm JST
  • SoftBank's Son to push forward grand strategy in 2014

    TOKYO -- In Japan, dreams we have in the night after New Year's Day are our first dreams of the year. The first dream of Masayoshi Son, chairman and CEO of SoftBank, must have been a grand one, since his ideas are always on a global scale. For S

    January 7, 2014 01:00 pm JST
  • Yen seen weakening to 109-111 vs dollar in 2014

    TOKYO -- The dollar closed out 2013 at around the 105 yen level, far stronger than the 86 yen it was fetching when the year kicked off. After falling to a historic low against the Japanese currency, the greenback has returned to levels seen five yea

    January 7, 2014 01:00 pm JST
  • Turkish PM expresses hope for Japan's support in infrastructure development

    TOKYO -- Turkish Prime Minister Recep Tayyip Erdogan expressed strong expectation for active involvement of Japanese firms in the infrastructure development projects in Turkey during a lecture at Nikkei Hall in Chiyoda Ward, Tokyo, on Tuesday. He sa

    January 7, 2014 11:56 am JST
  • Japanese farmed bluefin tuna prices drop

    TOKYO -- Sushi restaurants and supermarkets are paying less for farm-raised bluefin tuna in Japan, as domestic and foreign supplies of the prized delicacy surge. Japanese cultivated bluefin is selling for roughly 10% less than a year ago at Toky

    January 7, 2014 07:06 am JST
  • Can Toyo Engineering bounce back from Indonesia fiasco?

    TOKYO -- Even as the shale gas boom helps buoy shares of Japanese plant-engineering leaders JGC and Chiyoda Corp., third-ranked Toyo Engineering's stock price has wilted under the weight of troubles in Indonesia. Whether it can overcome this will hi

    January 7, 2014 07:02 am JST
  • Abe pledges to create virtuous economic cycle

    TOKYO -- Promising to bring the benefits of Abenomics to a broader swath of society, Prime Minister Shinzo Abe plans to focus on creating a sustained, privately led positive cycle for the Japanese economy in the coming year. "The recovery has sp

    January 7, 2014 05:24 am JST
  • Japanese consumer spending roars into the new year

    TOKYO -- Japanese retailers started the new year with a bang, and are expected to enjoy brisk sales through March, as consumers continue to stock up before a consumption tax hike takes effect in April. Department store patrons have been spending

    January 7, 2014 04:49 am JST
  • JR East to discount Narita-Tokyo express fares for foreigners

    TOKYO -- East Japan Railway, known as JR East, will slash the ticket price for its express train service from Narita Airport to destinations in and around Tokyo for visitors from abroad. Starting Friday, the one-way price will be a flat 1,500 ye

    January 7, 2014 04:44 am JST
  • Bullish Japanese corporate chiefs vow to catch economic tail wind

    TOKYO -- In a departure from last year's grim tone, the heads of the biggest Japanese companies have delivered upbeat speeches to mark the new year, promising to parlay improving economic conditions into further profit growth. Calling 2014 a yea

    January 7, 2014 04:27 am JST
  • Mitsubishi Heavy wins 2nd order for new Macau transit system

    TOKYO -- Mitsubishi Heavy Industries has received an order for an additional 48 train cars for Macau's new mass-transit system scheduled to begin operating in 2015. The Macau government is building the 21km line between the airport on Taipa Isla

    January 7, 2014 03:47 am JST
  • Mitsubishi, UBS roll out high-return UK real estate fund

    TOKYO -- Japanese trading house Mitsubishi and Swiss banking group UBS have set up a real estate fund targeting properties in the U.K. The partners plan to expand it to a maximum of 500 million pounds ($831 million) over the next 18 months by so

    January 7, 2014 03:17 am JST
  • Will global economy be 'just right' for Japan equities in 2014?

    TOKYO -- As the surprisingly rough start of trading this year suggests, continued gains in Japanese stocks are premised on a delicate balance of factors. For the first time in six years, the market did not ring in the New Year on Monday, the firs

    January 7, 2014 03:04 am JST
  • Toshiba to team with India's UEM to expand in water treatment

    TOKYO -- Toshiba will step up its overseas water treatment operations by partnering with Indian engineering-based infrastructure firm UEM, seeking to nearly double segment sales. Toshiba will spend an estimated 2 billion yen ($18.93 million) or

    January 7, 2014 02:00 am JST