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  • The hard life of an 'ex-Kon'

    TOKYO Last fall, Japanese gaming giant Konami sent a bluntly worded letter to one of its most famous former employees. "You are unfairly discrediting the company," it wrote to Hideo Kojima, the renowned creator of the company's hit "Metal Gear" seri

    June 22, 2017 10:00 am JST
  • A Noh master pushes the frontiers of a dying art

    PENANG, Malaysia A man dressed in heavy robes moves slowly across a platform while the sound of drums intensifies in a dramatic crescendo. His steps are as light as they are powerfully choreographed, every expert movement contributing to heighten th

    June 22, 2017 10:00 am JST
  • Alicia Ogawa: Japanese boards must learn to hear 'no'

    Toshiba has been a model for corporate governance in Japan. For more than a decade, independent directors have made up a quarter of its board. In 2003, long before the country's corporate governance code was introduced, the company adopted a U.S.-st

    June 22, 2017 10:00 am JST
  • Editorial: It is time for Japan and the US to join the AIIB

    The China-led Asian Infrastructure Investment Bank held its second annual general meeting in the South Korean resort island of Jeju, on June 16-18. The multilateral lender now counts 80 states and territories as its members, outstripping the members

    June 22, 2017 10:00 am JST
  • 'Pokemon Go' helps push Nintendo stock 2.5 times higher

    TOKYO -- Game giant Nintendo received a massive boost after the debut of "Pokemon Go" in July 2016. Now the company has another hit in its Switch gaming console, keeping shares at eight-year highs and making Nintendo a favorite on the Tokyo bourse."

    June 22, 2017 09:30 am JST
  • Chartered airplane service to start selling memberships in Japan

    TOKYO -- A company in the western Japanese prefecture of Hiroshima is set to launch an air service in which registered members can charter a small plane anywhere in the country.Setouchi Holdings, based in the Hiroshima city of Onomichi, plans to ini

    June 22, 2017 09:15 am JST
  • Exclusive

    Amazon Japan to build stable of 10,000+ independent couriers

    TOKYO -- Amazon Japan aims to build a team of 10,000 independent couriers in the Tokyo region by 2020 to continue offering same-day delivery service without relying on major parcel delivery companies.Private deliverers tend to subcontract with trans

    June 22, 2017 06:49 am JST
  • Rio Tinto taps Yancoal for Australian coal assets over Glencore

    SYDNEY -- Australian-British mining multinational Rio Tinto has decided to sell its steam coal-producing subsidiary Coal & Allied to China's Yancoal Australia, the company announced Tuesday, turning down a last-minute bid from Swiss commodity trader

    June 22, 2017 06:29 am JST
  • Tokyo bourse lifts Sharp out of pre-delisting status

    TOKYO -- The Tokyo Stock Exchange on Wednesday removed Sharp from a delisting grace period as the Japanese electronics maker worked to return to the bourse's first section.Sharp booked a net loss of 255.9 billion yen ($2.29 million) for the fiscal y

    June 22, 2017 06:19 am JST
  • Self-imposed deadline drove Toshiba's hasty bidder choice

    TOKYO -- Toshiba scrambled to pick a preferred bidder for its flash memory unit so as to have something to show shareholders at next week's general meeting, but unresolved legal threats from partner Western Digital could still scuttle the whole proc

    June 22, 2017 06:10 am JST
  • Nitori harnesses yen as centerpiece of profit strategy

    TOKYO -- Furniture retailer Nitori Holdings excels at snapping up dollar-denominated forward contracts to lock in advantageous rates for importing the goods it sources abroad, letting the Japanese company hedge against foreign exchange fluctuations.

    June 22, 2017 05:59 am JST
  • Startup Cybereason raises $100m from SoftBank

    BOSTON (Reuters) -- Cybereason said on Wednesday it received $100 million in investment from its biggest investor SoftBank Corp, as the cybersecurity-focused startup looks to develop new technologies and increase distribution channels.SoftBank, a su

    June 22, 2017 05:41 am JST
  • interview

    Tokyo governor wants to relocate Tsukiji fish market next May

    TOKYO -- Gov. Yuriko Koike aims to relocate Tokyo's landmark Tsukiji fish market to the Toyosu waterfront district in May 2018 by working closely with vendors and others to ensure the smoothest transition possible."The move must happen by the end of

    June 22, 2017 05:23 am JST
  • Japanese regain appetite for travel

    TOKYO -- After shying away from such destinations as terrorism-plagued Europe, Japanese tourists are hopping on flights to locales far and near alike."Demand for overseas vacationing is recovering," said Seiji Matsuda, president of Hankyu Travel Int

    June 22, 2017 05:15 am JST
  • Forex players vigilant of yen's rise despite Fed rate hikes

    TOKYO -- Conventional wisdom in the foreign exchange market holds that U.S. interest rate hikes widen the rate gap with Japan and weaken the yen against the dollar. But the equation does not seem to be working now.Despite the prospects of further U.

    June 22, 2017 04:54 am JST
  • Charter rates plunge 30% as iron ore prices sag

    TOKYO -- Falling iron ore prices have helped sink charter rates for bulk carrier vessels, as resource companies turn up the pressure on shippers to cut prices in an effort to prevent further drops in profitability.Average charter rates for benchmark

    June 22, 2017 04:27 am JST
  • Japan Market Pulse

    Investors betting on SUNRISE stocks

    TOKYO -- Even amid signs of recovery in the global market, investors are bypassing value stocks usually snapped up in such a climate, turning their eyes instead to so-called SUNRISE stocks -- an approximate acronym of SoftBank Group, Nintendo, Recru

    June 22, 2017 04:23 am JST
  • Moon stays mum on revisiting 'comfort women' deal

    SEOUL -- Despite continued calls for a Japanese apology, the South Korean President did not insist on a renegotiation of a landmark deal on "comfort women" in a recent interview, an apparent sign that he looks to restore bilateral ties.In an intervi

    June 22, 2017 03:49 am JST
  • Most Japan IPO stocks trading above offering price

    TOKYO -- Share prices have climbed for companies going public in Japan in 2017, thanks to an inflow of money from individual investors and a bullish outlook toward startups.A company's initial public offering often generates early popularity that bu

    June 22, 2017 02:04 am JST
  • Daikin set to buy Australian A/C maintenance company

    OSAKA -- Daikin Industries will spend 8 billion yen ($71.6 million) to acquire Airmaster Australia, an air conditioning maintenance provider, hoping to lock in additional earnings via after-sales services amid a global surge in air conditioner use.T

    June 22, 2017 02:02 am JST