Search results

Results 61 - 80 of 29082
  • Japan fund seeks majority stake in Toshiba Memory to protect tech

    TOKYO -- A domestic turnaround fund that is part of a Japanese-government-led consortium plans to take a majority interest in Toshiba's flash memory unit to keep the conglomerate's technology in Japan, it was learned Wednesday.The group's proposal w

    June 22, 2017 02:00 am JST
  • Japanese banks plan 90% cut on transfer fees to South Korea

    TOKYO -- Japanese banks will lower the fees on money transfers to South Korea by 90% as early as 2018 in an effort to remain competitive and prevent customers from switching to foreign rivals.The plan was revealed Wednesday by the Japanese Bankers A

    June 22, 2017 02:00 am JST
  • South Korean tourists sanction China, opt for Japan

    TOKYO -- More South Koreans are visiting Japan this year as they shun China amid worsening relations between Seoul and Beijing.South Korean visitors to Japan in May surged 85% on the year to 558,900, according to data released Wednesday by the Japan

    June 21, 2017 07:44 pm JST
  • China's stainless steel glut a new headwind for nickel

    TOKYO -- International nickel prices have remained soft in recent months, with the price of the metal for three-month delivery on the London Metal Exchange down 20% to around $8,900 per ton from its most recent high reached in late February.Although

    June 21, 2017 07:29 pm JST
  • US destroyer crash casts shadow on North Korea deterrence

    TOKYO -- With a U.S. Navy destroyer out of commission after a deadly crash Saturday, Japanese officials are raising concerns over the potential impact on missile defenses against North Korea."We need the deterrence provided by the U.S. military in d

    June 21, 2017 07:24 pm JST
  • Japan's ruling party plows ahead with constitutional change

    TOKYO -- Japan's ruling party began working on amendments to the nation's pacifist constitution, setting the stage for a major political showdown later this year. "It is time to discuss the specifics about constitutional change," said former Justice

    June 21, 2017 04:05 pm JST
  • Toshiba prioritizes Japan-led alliance on memory unit sale

    TOKYO -- Board members at embattled Japanese conglomerate Toshiba decided Wednesday to prioritize negotiations with a Japanese government-led alliance for the sale of its flash memory unit.The company is looking to reach "a mutually satisfactory, de

    June 21, 2017 03:29 pm JST
  • SoftBank's Son says company can lead in a connected future

    TOKYO -- Masayoshi Son, the founder and chief executive of SoftBank Group Corp., on Wednesday said he would remain at the helm of his company for years to come.Son wants to guide the decisions of a recently launched technology investment fund, which

    June 21, 2017 02:59 pm JST
  • JTB to bring Alipay to hotels, eateries across Japan

    TOKYO -- Major Japanese tour agency JTB aims to introduce Alibaba Group Holding's Alipay mobile payment service at around 2,000 partner businesses across Japan within three years to help grease the wheels of spending by foreign tourists.Alipay, one

    June 21, 2017 07:28 am JST
  • Stocks shine worldwide following Fed rate hike

    TOKYO -- Stock indexes around the globe touched record highs in recent days as U.S. interest rates remain low despite a Fed hike as investors come to expect both low rates and economic expansion worldwide.Cash is also flowing into bond markets in se

    June 21, 2017 07:23 am JST
  • Fresh evidence keeps Abe's latest school scandal in spotlight

    TOKYO -- A newly unearthed document strengthens allegations that Prime Minister Shinzo Abe's personal wishes played a role in the approval of a school construction project linked to a close friend, dealing a severe blow to the government's efforts t

    June 21, 2017 07:21 am JST
  • NEC develops AI-equipped inspection technology

    TOKYO -- Information technology company NEC has developed a system using artificial intelligence technology to detect faulty products on assembly lines, as manufacturers look to improve efficiency and reduce staff amid Japan's worsening labor shorta

    June 21, 2017 06:00 am JST
  • Nipro to double output of dialysis filters in China

    OSAKA -- Medical equipment maker Nipro will boost production of filters used in dialysis treatments twofold in China, aiming to tap into the country's growing number of diabetes cases.The cylindrical dialyzer serves as an artificial kidney for patie

    June 21, 2017 05:53 am JST
  • Japan's retail investors fade into market background

    TOKYO -- Japanese retail investors slumped to a record-low share among domestic stocks last fiscal year as a rally spurred contrarians to sell and efforts to promote individual stock ownership foundered.Individuals owned 17.1% of Japanese shares on

    June 21, 2017 05:43 am JST
  • Tokyo governor takes both sides on Tsukiji relocation

    TOKYO -- The governor's new plan to both relocate Tokyo's famed Tsukiji wholesale market and redevelop the existing site into a food "wonderland" chases two seemingly contradictory objectives -- at a potentially draining financial cost.Gov. Yuriko K

    June 21, 2017 05:22 am JST
  • Is Sharp's recovery for real?

    OSAKA -- Sharp's recovery has been swift since it was acquired by Taiwan's Hon Hai Precision Industry last August; the company is already posting its first pretax profit in three years and preparing a return to the first section of the Tokyo Stock E

    June 21, 2017 05:16 am JST
  • Japan to brighten economic view on healthy consumption

    TOKYO -- The Japanese government will raise its basic assessment in the June edition of its monthly economic report, the first upgrade since December, on the back of robust consumer spending.The Cabinet Office will again state that Japan "is on a mo

    June 21, 2017 05:04 am JST
  • Market Scramble: Investors pick stocks with eye on political theater

    TOKYO -- Investors are piling into shares that stand to benefit from reform proposals of Tokyo Gov. Yuriko Koike, casting their lots with her party in the upcoming metropolitan assembly election as support for Prime Minister Shinzo Abe's scandal-tar

    June 21, 2017 05:03 am JST
  • Western Digital lawsuit hangs over Toshiba sale

    TOKYO -- While the emergence of a promising buyer is likely to advance talks on the sale of Toshiba's flash memory unit, the Japanese industrial group still faces a legal challenge thrown up by chipmaking partner Western Digital.U.S.-based Western D

    June 21, 2017 02:57 am JST
  • Earnings preview

    Nomura Research Institute seen on track for record Q1 profit

    TOKYO -- Nomura Research Institute is expected to log record operating profit in the April-June quarter for the third straight year, as solid orders for its consulting and IT system development services offset costs from office relocations.The Japan

    June 21, 2017 02:06 am JST