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  • Will Japan ever exorcise its deflation demons?

    TOKYO They were words the Bank of Japan least wanted to hear."We're contemplating moving up our large-scale price reduction to August," Soichi Okazaki, an executive officer at Japanese retailer Aeon, said at a press conference in early July.The anno

    July 20, 2017 10:00 am JST
  • The TPP 11 agree to move forward with minimal tweaks

    TOKYO The U.S. may be out of the picture, but the Trans-Pacific Partnership is far from dead, with the 11 remaining signatories agreeing to salvage the free trade deal without too many revisions. Forging a new pact, however, will still likely prove

    July 20, 2017 10:00 am JST
  • Chief disrupter Airbnb faces a backlash on three fronts

    TOKYO/SINGAPORE It is a warm June morning and Zhang Yu, 35, is walking through a small neighborhood supermarket in Tokyo, wondering what ingredients would be needed for lunch.She had arrived from China a few days beforehand and, despite being on her

    July 20, 2017 10:00 am JST
  • AI and deep learning could help alleviate a doctor shortage in Japan

    TOKYO In the near future, doctors will be using diagnostic imaging technology that employs artificial intelligence to find abnormalities so small even the most knowlegable physician might miss them. Groups of physicians, major computer hardware comp

    July 20, 2017 10:00 am JST
  • Japan's June export growth points to sustained recovery

    TOKYO (Reuters) -- Japan's exports rose for a seventh straight month in June led by shipments of cars and electronics, an indication external demand continues to support a gradual economic recovery and backing the central bank's upbeat economic view

    July 20, 2017 09:53 am JST
  • Japan to let flyers save their goodbyes until the last moment

    TOKYO -- The Japanese government intends to relax entry rules for areas beyond airport security for domestic flights so that more retailers can set up shop and serve more customers, including friends and relatives of passengers.The transport ministr

    July 20, 2017 09:11 am JST
  • Japan still in 'moderate' economic recovery: Cabinet Office

    TOKYO -- The Japanese economy remains in a "moderate recovery," with both consumption and capital investment looking up, the Cabinet Office said Wednesday in its monthly economic report for July.Language from the June edition was kept for 13 out of

    July 20, 2017 07:25 am JST
  • Hitachi Koki gearing up for $447m acquisition spree

    TOKYO -- Japanese power tool maker Hitachi Koki will spend up to about 50 billion yen ($447 million) on acquisitions with the aid of U.S. buyout firm and new majority owner Kohlberg Kravis Roberts, aiming to become one of the top three players in th

    July 20, 2017 06:54 am JST
  • Asahi exports Super Dry 'freshness management' to South Korea

    TOKYO -- Asahi Breweries will introduce freshness-ensuring techniques in South Korea for its Super Dry brand, looking to add to its already market-leading share of the country's imported beer market. The Japanese beer maker does not have a brewery i

    July 20, 2017 06:53 am JST
  • Earnings preview

    Maruha Nichiro's pretax profit seen surging 30% on forex gains

    TOKYO -- Seafood company Maruha Nichiro is expected to report a record pretax profit of around 8.5 billion yen ($76 million) for the April-June quarter, up 30% on the year, thanks to foreign exchange gains.Maruha Nichiro, which imports various seafo

    July 20, 2017 06:37 am JST
  • Japan Market Pulse

    Investors try to outsmart AI over the long haul

    TOKYO -- Investors in Japanese stocks are increasingly employing long-term perspectives to find companies likely to grow in coming years, as computer-assisted trading takes over the short-term arena.The Nikkei Stock Average edged up 0.1% to 20,020 W

    July 20, 2017 06:25 am JST
  • South Korea plans remembrance day for 'comfort women'

    SEOUL -- South Korea will launch a series of tributes to wartime military "comfort women" starting next year, aiming to appease a public demanding more be done to resolve the issue without renegotiating an ostensibly "final" settlement with Japan.Se

    July 20, 2017 06:01 am JST
  • Tokyo stock market's 1tn yen club welcoming back top builders

    TOKYO -- Market capitalization is close to surpassing 1 trillion yen ($8.9 billion) at all four major Japanese general contractors for the first time in decades as investors reward their recovery from the excesses of the bubble years and price in im

    July 20, 2017 05:58 am JST
  • Factions in Japan's ruling party jostle before cabinet shakeup

    TOKYO -- Factions within Japan's Liberal Democratic Party are jockeying for influence ahead of a cabinet reshuffle that is expected as soon as Aug. 3. Prime Minister Shinzo Abe faces the difficult task of keeping party heavyweights happy while comin

    July 20, 2017 05:24 am JST
  • SoftBank backs US AI-assisted driving startup

    PALO ALTO, U.S. -- Nauto, a U.S. driving technology startup, attracted $159 million in a round of fundraising Wednesday led by Japan's SoftBank Group.Nauto has made a name for itself since its 2015 founding with its miniature windshield cameras that

    July 20, 2017 05:09 am JST
  • Japan defense chief in hot seat over new cover-up allegations

    TOKYO -- The Japanese defense minister is facing renewed controversy following reports that she had met with top Self-Defense Forces officials in February to discuss a growing scandal over sensitive activity logs kept by troops on a South Sudan peac

    July 20, 2017 05:06 am JST
  • Japan's corporate debt offerings on track for record year

    TOKYO -- Japanese companies are offering even more bonds after setting a record last fiscal year, rushing to lock in ultra-low interest rates before they start creeping up.Corporate bond issuances in Japan this year are on pace to top fiscal 2016's

    July 20, 2017 03:45 am JST
  • Earnings preview

    Daito Trust's operating profit seen up 20% in April-June

    TOKYO -- Daito Trust Construction's operating profit for the April-June quarter is expected to surpass market estimates, rising to a record on solid demand for apartments and improved profitability.The figure likely jumped 20% on the year to about 3

    July 20, 2017 03:11 am JST
  • South Korean bank adding forex to Japanese mobile repertoire

    TOKYO -- Shinhan Bank, a unit of South Korea's Shinhan Financial Group, will soon start accepting currency exchange orders around the clock in Japan via the Line Pay mobile payment platform.Entering the currencies and the amount, the user specifies

    July 20, 2017 02:10 am JST
  • Global standard coming for next-generation mobile service

    TOKYO -- A worldwide standard for mobile communications is in the works as Japan, the U.S., Europe, China and South Korea work to set common specifications for ultrahigh-speed 5G data services by 2020 -- a move expected to propel the spread of "inte

    July 20, 2017 02:10 am JST