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  • Frustrated Abe hits back at Moritomo chief's claims

    TOKYO -- Japanese Prime Minister Shinzo Abe on Friday categorically denied allegations made the day before by the head of nationalist school operator Moritomo Gakuen that an aide to the first lady had contacted the government over land linked to an

    March 25, 2017 05:31 am JST
  • Market Scramble: Tokyo's pricey smaller caps renew rally

    TOKYO -- Smaller-cap stocks favored for their insulation from global events are climbing again in Tokyo, with investors willing to pay a premium for companies that are nimbly adjusting their business models to maintain growth.Seasonings maker Ariake

    March 25, 2017 05:00 am JST
  • Panasonic takes out scalpel again as profits falter

    OSAKA -- Panasonic plans another round of restructuring of unprofitable businesses, responding to sinking profits with the same prescription that has restored the ailing giant to health before. Yet the company will need more than cutbacks to thrive

    March 25, 2017 04:11 am JST
  • Earnings preview

    'Your Name' seen helping Toho reach third year of record profit

    TOKYO -- Movie studio Toho's net profit likely surged 23% to about 50 billion yen ($450 million) for the year ended in February on the back of blockbuster films "Your Name" and "Shin Godzilla."The company is expected to beat its 47 billion yen net p

    March 25, 2017 03:25 am JST
  • Earnings preview

    Contractor Taisei on track to hammer out another record profit

    TOKYO -- Japanese construction company Taisei's consolidated net profit is likely to rise about 30% in the year ending March 31 to around 100 billion yen ($899 million), thanks to improved margins in the Tokyo area. The result would represent a reco

    March 25, 2017 02:00 am JST
  • Sompo Japan gears up for telematics car insurance

    TOKYO -- Sompo Japan Nipponkoa Insurance will introduce a type of automobile policy this year that offers discounts based on driving data captured by a smartphone app.So-called telematics insurance policies are more prevalent in Europe and the U.S.

    March 25, 2017 02:00 am JST
  • BOJ holds rare JGB sale to resupply tight market

    TOKYO -- The Bank of Japan sold Japanese government bonds with repurchase agreements for the first time since 2008 on Friday, aiming to relieve a shortage brought on by its massive debt purchases and aggravated by a fiscal-year-end demand surge.The

    March 25, 2017 01:02 am JST
  • Duterte's 'top guns' off to solicit infrastructure support from Tokyo

    MANILA -- As the government of President Rodrigo Duterte looks to Japan for investment after firming up deals with China, a high-level Philippine delegation is due in Tokyo on March 27 and 28 to pitch infrastructure projects.Finance Sec. Carlos Domi

    March 24, 2017 11:30 pm JST
  • 'Not true' says Abe of school 'donation'

    TOKYO -- Japan's Prime Minister Shinzo Abe on Friday denied allegations that his wife had given a cash-filled envelope to nationalist school principal Yasunori Kagoike, who made the allegation during sworn testimony in the Diet."It is deeply regrett

    March 24, 2017 04:45 pm JST
  • Jeweler Tasaki to delist from Tokyo bourse

    TOKYO -- Seeking more freedom to steer its business, jewelry maker Tasaki will delist from the Tokyo Stock Exchange's first section through a management buyout. MBK Partners, a north Asia-based private equity company, has been hired to assist it.In

    March 24, 2017 02:53 pm JST
  • Toshiba lenders demand Chapter 11 for Westinghouse by end of March

    TOKYO -- Toshiba's main lenders have urged the troubled electronics company to seek bankruptcy protection for its nuclear unit, Westinghouse Electric of the U.S., by the end of March.Sumitomo Mitsui Banking and Mizuho Bank have asked Toshiba to plac

    March 24, 2017 11:10 am JST
  • Inside SoftBank

    Sprint and the art of deception

    TOKYO -- SoftBank's can-do chairman Masayoshi Son knew that turning around his beleaguered U.S. subsidiary Sprint would not be easy. But he figured he had just the right person. Motioning the company's youngest director, chief technology officer Jun

    March 24, 2017 10:00 am JST
  • Japan flash manufacturing PMI slows to 52.6 in March

    TOKYO -- The Nikkei Flash Japan Manufacturing Purchasing Managers' Index, or PMI, slowed to 52.6 in March from 53.3 in February.A reading above 50 signals an improvement, while one below 50 points to a contraction in activity. The latest PMI recorde

    March 24, 2017 09:30 am JST
  • Studio-backed Japanese venture to stream anime music

    TOKYO -- A 10-member consortium including Japanese recording, motion picture and video game studios will launch a streaming service specializing in anime music this month, hoping to go international within the year.A monthly 600 yen (roughly $5) fee

    March 24, 2017 07:25 am JST
  • Hotel boom inflating central Tokyo land prices

    TOKYO -- A hotel construction boom aimed at serving the increasing ranks of foreign travelers is lighting a fire under central Tokyo land prices and driving some real estate developers and investors away.At an auction held by East Japan Railway late

    March 24, 2017 07:00 am JST
  • School donation scandal puts spotlight on a leader's duty

    TOKYO -- Debating whether Japanese first lady Akie Abe really gave 1 million yen ($9,010 at current rates) to the head of a nationalist-school operator is a fruitless endeavor. The two sides disagree. One can only trust that the authorities will unc

    March 24, 2017 06:25 am JST
  • Japan seeks out more global infrastructure projects

    TOKYO -- Japan's transport ministry is keeping an eye on 22 additional overseas projects, such as plans for an urban railway in Bangkok and a subway in Manila, for the next three to four years as part of its push to export infrastructure.The Japanes

    March 24, 2017 06:20 am JST
  • Murata charging up battery production as market demands safety

    OSAKA -- Murata Manufacturing plans to invest between 20 billion yen and 30 billion yen ($180 million to $270 million) in lithium-ion-battery operations, responding to demand for higher safety due to Samsung Electronics' fire-prone smartphones.The p

    March 24, 2017 06:00 am JST
  • Japan school scandal deepens as key figure names names

    TOKYO -- The head of a school operator with strongly nationalistic views presented new evidence in parliamentary testimony Thursday alleging that an aide to the prime minister's wife had contacted the Finance Ministry over land that became the subje

    March 24, 2017 05:30 am JST
  • Akie Abe faces calls from opposition to provide answers about school scandal

    TOKYO -- The political opposition in Japan is calling on Prime Minister Shinzo Abe's wife to speak to the Diet, after Moritomo Gakuen chief Yasunori Kagoike claimed Thursday that the first lady tried to help him secure land for his new school.Renho,

    March 24, 2017 05:27 am JST