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  • Japan's parliament grinds to halt after cabinet minister resigns

    TOKYO -- Japanese opposition parties seized on the removal of a gaff-prone reconstruction minister Wednesday to gain the upper hand in the parliamentary session, demanding committee meetings to discuss the prime minister's role in the fiasco.Deliber

    April 27, 2017 04:00 am JST
  • Strong recovery stalls McDonald's Japan share sale

    TOKYO -- Two wrinkles pushed McDonald's to shelve plans to sell a stake in its Japanese unit: restaurants recovered from earlier stumbles better than expected, and the unit's friendliness to stockholders has kept share prices high.The fast-food tita

    April 27, 2017 04:00 am JST
  • Japan banks to test blockchain-based money transfers

    TOKYO -- A consortium of Japanese banks will experiment with fund transfers using virtual currencies, with an eye toward developing a more convenient, lower-cost alternative to wiring money.SBI Holdings and SBI Ripple Asia lead the payments consorti

    April 27, 2017 03:55 am JST
  • Market Scramble: 'Diamonds in the rough' driving rally

    TOKYO -- Companies with great potential and undervalued stocks are bolstering the market of late, drawing the attention of more investors.The Nikkei Stock Average rose 1.1% Wednesday, marking the first four-day upward streak for 2017. Tamed worries

    April 27, 2017 03:37 am JST
  • MUFG securities unit, analytics firm team for M&A insights

    TOKYO -- Mitsubishi UFJ Morgan Stanley Securities will work with Japanese big-data analytics firm Valuenex to provide clients information on the benefits of merger and acquisition deals, using data on development efforts, for example, to reveal pote

    April 27, 2017 02:42 am JST
  • Kao boosts profit 16% in first quarter

    TOKYO -- Japanese consumer goods maker Kao reported Wednesday that first quarter profit increased 16% on the year to 24.1 billion yen ($216 million), giving it a good start for the fiscal year ending December."It's been a superb start," said Kenichi

    April 27, 2017 02:27 am JST
  • Rescue fund signals recovery at Japan's Renesas with 20% share sale

    TOKYO -- The Innovation Network Corp. of Japan plans to sell off nearly a 20% stake in Renesas Electronics as soon as next month, signaling that the chipmaker has made a full recovery and is ready to grow again.The public-private fund holds 69.2% of

    April 27, 2017 02:00 am JST
  • Mitsubishi Heavy cuts profit view a third time as costs swell

    TOKYO -- Mitsubishi Heavy Industries now expects to suffer a 52% plunge in group operating profit for the fiscal year ended in March owing partly to the ballooning development costs of Japan's first homegrown commercial jet.The Tokyo-based company d

    April 27, 2017 12:35 am JST
  • Trump's No. 2 brings an olive branch to Asia

    TOKYO -- During his roughly weeklong tour of South Korea, Japan, Indonesia and Australia in late April, U.S. Vice President Mike Pence stressed to his hosts that the U.S. was not shifting its strategy in the Asia-Pacific region under its new preside

    April 26, 2017 08:00 pm JST
  • Nippon Paper places big bet on cellulose nanofiber

    TOKYO -- The shift from print to electronic media driven by the internet revolution has hit the paper industry hard, and Japan's second-largest player is now putting its hopes in an emerging new material.Nippon Paper Industries has brought online th

    April 26, 2017 07:00 pm JST
  • Canola surges on Chinese demand

    TOKYO/HONG KONG -- Canola prices have been recovering since the start of April driven by robust demand from China.The global benchmark for canola traded at Intercontinental Exchange Futures Canada rose above 530 Canadian dollars ($390.56) per ton on

    April 26, 2017 02:50 pm JST
  • Japan's disaster minister to resign after quake gaffe

    TOKYO (Kyodo) -- Japan's disaster reconstruction minister Masahiro Imamura resigned Wednesday, a day after saying it was "a good thing" the March 2011 earthquake and tsunami struck northeastern Japan rather than the Tokyo area. Prime Minister Shinzo

    April 26, 2017 01:50 pm JST
  • Min Lan Tan

    Japan's labor shortage could be blessing in disguise, not just for women

    Companies cannot function without an adequate supply of workers and economic growth is constrained if businesses are unable to fill positions. Herein lies the crux of Japan's mightiest long-term economic challenge: The country is losing workers, and

    April 26, 2017 01:05 pm JST
  • McDonald's freezes plan to dump Japan unit's shares

    NEW YORK -- McDonald's on Wednesday said it is shelving negotiations on the sale of shares in its Japanese unit, now that earnings have improved.Kevin Ozan, the U.S. burger chain's chief financial officer, revealed the decision to reporters after th

    April 26, 2017 12:30 pm JST
  • Thousands of Japanese Buddhist temples left 'priestless'

    TOKYO -- Japan is home to more Buddhist temples than convenience stores, but many are struggling to find the parishioners they need to stay afloat. As congregations shrink, thousands of temples are going without resident priests.A survey released by

    April 26, 2017 11:00 am JST
  • AI now and tomorrow

    AI -- the fussy assistant that needs to be micromanaged

    LOS ANGELES/TOKYO -- "Don't go beyond the cross section," the cab driver advised me before speeding off.Just a few blocks past the upmarket cafes and high-end boutiques of downtown Los Angeles lies the city's less glamorous side. The stench hits you

    April 26, 2017 09:00 am JST
  • BOJ has Japan's economy right where it wants it

    TOKYO -- Don't let the naysayers sway you: While the Bank of Japan's 2% inflation target remains elusive, the domestic economy is clearly picking up. If the central bank stays the course, its easy monetary policy will begin to produce more of the de

    April 26, 2017 07:00 am JST
  • Japan Post faces uphill battle after Toll write-down

    TOKYO -- Investors cheered Japan Post Holdings' decision Tuesday to write down the goodwill of its struggling Australian logistics unit all at once, but the group still lacks a clear path to strengthening postal and overseas operations.The Japanese

    April 26, 2017 07:00 am JST
  • BOJ's 'wage-hike ETFs' hit wall of investor apathy

    TOKYO -- Despite the initial excitement among major financial institutions, the Bank of Japan's push for exchange-traded funds tracking companies that actively raise employee pay or invest in new equipment has run aground.The idea behind these inves

    April 26, 2017 06:55 am JST
  • Honda to build electric vehicles in China

    TOKYO -- Honda Motor, which plans to release an electric vehicle in the Chinese market next year, is expected to produce it locally.The Japanese carmaker aims to have a wide lineup of electric offerings, including plug-in hybrids, as China moves to

    April 26, 2017 06:42 am JST