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  • Mitsubishi Chem hiking plastic feedstock prices

    TOKYO -- Mitsubishi Chemical Holdings announced a price increase Wednesday for domestic shipments of a monomer used to make acrylic resins, citing higher transport costs as one of the reasons.Subsidiary Mitsubishi Rayon will negotiate with customers

    March 23, 2017 03:59 am JST
  • Prospective first-timers to Japan targeted in new survey

    TOKYO -- New market research will identify the places, activities and food that appeal to people who have never been to Japan, information vital to meeting the needs of international visitors.Similar surveys generally target people who have visited

    March 23, 2017 03:00 am JST
  • Market Scramble: US spring storm rattles Tokyo stocks

    TOKYO -- The cherry blossoms had only just begun to bloom here when a storm blew in from the U.S. on Wednesday, giving investors further cause to seek shelter as optimism faltered for President Donald Trump's business-friendly agenda.The Nikkei Stoc

    March 23, 2017 02:40 am JST
  • Tepco's new turnaround plan eyes realignment with peers

    TOKYO -- Tokyo Electric Power Co. Holdings looks to fellow utilities for help in restructuring power and transmission operations under the company's latest reform plan, targeting a speedy earnings recovery to pay for a massive nuclear cleanup.Tepco

    March 23, 2017 02:34 am JST
  • Japan Exchange Group ups profit forecast on rising trades

    TOKYO -- Japan Exchange Group upgraded its net profit forecast for the fiscal year ending this month to 41.8 billion yen ($376 million), thanks to a jump in trading value on Japan's stock markets after the U.S. presidential election.The revised fore

    March 23, 2017 02:00 am JST
  • Daiwa Securities readies Chinese investment fund

    TOKYO -- Daiwa Securities Group will establish an investment fund with government and private enterprises in China, a partnership meant to improve the value of Chinese businesses and help Japanese companies expand into the country.The investment fun

    March 23, 2017 02:00 am JST
  • Earnings preview

    Nomura Research Institute's profit seen rising 8% in FY2017

    TOKYO -- The Nomura Research Institute's operating profit for the year starting in April is expected to grow 8% from the estimate for this fiscal year to around 64 billion yen ($577 million), supported by a recovery of systems demand from financial

    March 23, 2017 02:00 am JST
  • Korea Electric eyes Toshiba's stake in UK nuclear venture

    SEOUL -- Korea Electric Power is keen to buy a stake in a U.K. nuclear venture from Toshiba, President Cho Hwan-eik said Wednesday, as the Japanese company pares its overseas nuclear business.NuGeneration, a joint venture between Toshiba and French

    March 23, 2017 01:00 am JST
  • 'Health age' app wins Japan's 1st 'insurtech' contest

    TOKYO -- With its smartphone app that instantly measures a person's "health age," medical data analytics company Japan Medical Data Center won the first-ever business contest held by the Japanese insurance industry.The service, which is still in the

    March 22, 2017 09:35 pm JST
  • The king gives Saudi Arabia's reform push a helping hand

    TOKYO -- In his monthlong tour of Asia, Saudi Arabian King Salman bin Abdulaziz succeeded in drumming up significant support for "Vision 2030," the road map for reforming the kingdom's economy and ending its dependence on oil exports by the year 203

    March 22, 2017 07:20 pm JST
  • Cross-border Labor Race

    Japan faces being left behind as rivals adapt faster

    TOKYO -- With the world's developed economies facing growing labor shortages, the race to attract talent from overseas has grown increasingly fierce. While some countries have faced up to the challenge, Japan is at risk of emerging as the big loser.

    March 22, 2017 06:00 pm JST
  • Coking coal prices recover on China output cuts

    TOKYO -- Prices of coking coal -- a key input for the production of steel -- have stopped falling amid speculation that Chinese production cuts will ease the supply glut.On March 6, China's National Development and Reform Commission, an agency overs

    March 22, 2017 05:50 pm JST
  • Airbnb set to develop into comprehensive travel agency

    TOKYO -- Short-term lodging website Airbnb has announced a plan to develop into an online "comprehensive travel agency" with an expansion of services.Airbnb co-founder Joe Gebbia announced at a press conference in Tokyo on Tuesday that the San Franc

    March 22, 2017 05:00 pm JST
  • Nikkei sinks to 6-week low on Trump policy concerns

    TOKYO (Kyodo) -- The Nikkei stock index sank over 2 percent Wednesday to a six-week low, as investors worried that U.S. President Donald Trump's growth agenda could take longer than expected to implement.The 225-issue Nikkei Stock Average ended down

    March 22, 2017 03:57 pm JST
  • US laptop ban: What does it mean for travelers?

    TOKYO -- The U.S. government on Tuesday announced a new carry-on restriction of electronic devices for direct inbound flights from eight countries in the Middle East and North Africa. As the affected airports include the world's busiest internationa

    March 22, 2017 02:50 pm JST
  • Sreeram Chaulia

    How Asia can reckon with Trump's assault on trade

    In a rare moment since its anointment in 2008 as the steering body for global economic governance, the Group of 20 nations has lost clarity of vision. It is staring at a confused horizon, muddled by the disruptive economic nationalism of U.S. Presid

    March 22, 2017 02:05 pm JST
  • Taking the bite out of Japan's financial watchdog

    TOKYO -- Japan's Financial Services Agency is being prodded to scrutinize the financial sector less and talk with it more. So the 20-year-old agency will likely step away from its role of dishing out penalties to financial institutions that stray fr

    March 22, 2017 01:45 pm JST
  • Japanese bureaucrats burn the midnight oil

    TOKYO -- Lights still shine bright until late at office buildings in Tokyo's Kasumigaseki administrative district, even as Prime Minister Shinzo Abe has made work-style reforms one of his policy priorities.The private sector is also addressing the i

    March 22, 2017 01:00 pm JST
  • North Korean missile launch fails - U.S. military says

    SEOUL (Reuters) -- The U.S. military detected a failed North Korean missile launch attempt, with a missile exploding within seconds of its launch, a U.S. military spokesman said.South Korea said the apparent North Korean test launch on Wednesday mor

    March 22, 2017 12:53 pm JST
  • Nikkei tumbles 2% on Trump policies concern, North Korea missiles

    TOKYO (Kyodo) -- Tokyo stocks tumbled Wednesday morning, with the Nikkei index plunging over 2 percent, dragged down by concerns over implementation of U.S. President Donald Trump's economic policies and North Korea's possible missile launches in th

    March 22, 2017 12:29 pm JST