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  • North Korea may have fired missiles: Japan government source

    TOKYO (Kyodo) -- North Korea may have launched several missiles Wednesday morning, a Japanese government source said. The missiles, whose type was not immediately known, were possibly launched from an area near Wonsan in east North Korea at around 7

    March 22, 2017 11:59 am JST
  • Q&A on Japan's conspiracy legislation

    TOKYO -- Japan's government approved a bill Tuesday for introduction in the Diet that would allow prosecuting would-be terrorists for preparing to carry out an attack. But past attempts to define what constitutes criminal conspiracy have failed to p

    March 22, 2017 11:55 am JST
  • Host Italy wants G7 to reject "temptation" of protectionism at summit

    ROME (Reuters) -- Italian Prime Minister Paolo Gentiloni said on Tuesday that he wants to send a strong message in favour of free trade when he welcomes U.S. President Donald Trump and other world leaders in Italy in May.Italy hosts the annual meeti

    March 22, 2017 11:37 am JST
  • Population surge brings commuter pain to Tokyo waterfront

    TOKYO -- The population in Tokyo's waterfront areas has ballooned in recent years and is only expected to keep climbing after the 2020 Olympics, ratcheting up pressure on the local government to expand its already crowded public transit system.At ar

    March 22, 2017 11:30 am JST
  • South Korea's permit program swells ranks of foreign workers

    TOKYO -- In the competition to recruit much-needed foreign talent, South Korea's work permit program is beating that of Japan's system.In raw numbers, Japan's 1.08 million foreign workers edge out South Korea's 960,000. But South Korea's population

    March 22, 2017 11:15 am JST
  • Top bookstore operator acquires publisher Tokuma Shoten

    TOKYO -- Adding a page to an episode highlighting the plight of book publishers, Culture Convenience Club has acquired Tokuma Shoten, whose empire once encompassed music, film and video games.The operator of the Tsutaya chain of stores, known for re

    March 22, 2017 10:50 am JST
  • Japan posts largest trade surplus in 7 years in February

    TOKYO (Kyodo) -- Japan posted a goods trade surplus of 813.4 billion yen ($7.29 billion) in February, the largest in nearly seven years, as exports to China showed solid growth, government data showed Wednesday.Sharp gains in shipments of car parts

    March 22, 2017 10:25 am JST
  • Inside SoftBank

    Masa and Donald: Why Son dabbles in politics

    TOKYO -- Masayoshi Son, CEO of Japanese mobile carrier SoftBank Group, rarely hesitates to talk to national leaders. He took just such an opportunity on March 14, giving Saudi Arabia's King Salman, 81, a Pepper robot.Son has also rubbed shoulders wi

    March 22, 2017 10:00 am JST
  • Tokyo stocks open sharply lower on Wall Street tumble, yen's surge

    TOKYO (Kyodo) -- Tokyo stocks opened sharply lower Wednesday with the Nikkei index falling more than 300 points, after Wall Street tumbled overnight and the yen surged against the U.S. dollar.In the first 15 minutes of trading, the 225-issue Nikkei

    March 22, 2017 09:30 am JST
  • Dollar trades around mid-111 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-111 yen range early Wednesday in Tokyo, slightly down from its overnight levels in New York.At 9 a.m., the dollar fetched 111.55-56 yen compared with 111.68-78 yen in New York and 112.82-84 yen in T

    March 22, 2017 09:10 am JST
  • Sumitomo Mitsui Trust takes care to limit scope of Mizuho merger

    TOKYO -- The planned merger of asset administration units between Mizuho Financial Group and Sumitomo Mitsui Trust Holdings is a purposefully limited integration, reflecting the latter's wish to maintain independence.Shrinking leverageIn late Decemb

    March 22, 2017 07:40 am JST
  • Smaller cities, areas share in Japan's land-value gains

    TOKYO -- Movement into urban centers and an influx of tourism have raised land values in Japan's major cities and farther-flung regions alike, though building booms fed by price gains could render the current climb short-lived.The average appraised

    March 22, 2017 07:21 am JST
  • Sony Music teams up with anime producer for big Asian crowds

    TOKYO -- Sony Music Entertainment and anime producer Sotsu will join forces to launch events featuring Japanese manga and anime as well as characters from games and music.The pair will combine the Anime Festival Asia event -- hosted in Southeast Asi

    March 22, 2017 07:15 am JST
  • Mitsui, Nippon Steel seek closer steel-trading partnership

    TOKYO -- Nippon Steel & Sumitomo Metal and Mitsui & Co. will deepen their steel-trading partnership, seeking a sharper edge as excess supply from China and high raw material prices eat away at margins. Mitsui plans to increase its stake in Nippon St

    March 22, 2017 07:00 am JST
  • Japan, EU leaders eye trade deal framework this year

    BRUSSELS -- Japan and the European Union plan to forge a framework for an economic partnership this year, seeking to set an example amid the rise of protectionism shown by Britain's departure from the EU and the America-first policy of President Don

    March 22, 2017 06:30 am JST
  • Part-time wages surging in Japan amid worker shortages

    TOKYO -- Japan's part-time wages are on the rise, with the February hourly average breaking the 1,000 yen ($8.94) mark, as companies sweeten offers to recruit restaurant workers and administrative staff in a tight labor market.Average hourly wages f

    March 22, 2017 06:20 am JST
  • Tepco to link up with Intel to manage power grids overseas

    TOKYO -- Tokyo Electric Power Co. Holdings is teaming up with U.S. chipmaker Intel and others in grid management in Asia and Africa, seeking new income abroad to fund its massive Fukushima cleanup project as demand shrinks at home.Tepco subsidiary T

    March 22, 2017 06:00 am JST
  • Japan's first sewer concession opens up untapped potential

    TOKYO -- The first concession to operate part of Japan's roughly 90 trillion yen ($804 billion) in sewage system assets marks an expansion of opportunities for private investment in infrastructure.The city of Hamamatsu on Tuesday granted the right o

    March 22, 2017 05:45 am JST
  • Japan looks to require more JGB bids from primary dealers

    TOKYO -- Japan's Finance Ministry plans to increase the minimum percentage of bonds that primary dealers must bid for at government bond auctions, seeking to ensure new debt is smoothly absorbed by the market.Each primary dealer currently must bid f

    March 22, 2017 05:17 am JST
  • Tokyo investors chase stocks that favor stronger yen

    TOKYO -- Investors are flocking to shares of food makers and other domestic-oriented businesses that benefit from a strong yen as market players snap up the Japanese currency.The Nikkei Stock Average fell for the second straight session Tuesday, clo

    March 22, 2017 04:55 am JST