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  • Tokyo duty-free shop getting 'crafty' to ease reliance on China tourists

    TOKYO -- Akky International, whose duty-free shop in Tokyo's Akihabara district is popular among foreign visitors hunting for electronics, will in September open a store in the same neighborhood that focuses on traditional Japanese crafts, such as k

    May 27, 2014 07:00 pm JST
  • China central bank faces decisions as housing slump looms

    TOKYO -- The Chinese central bank has issued instructions to major banks in a bid to avoid a credit crunch amid growing concerns that a slump in the housing market will increase downward pressure on the Chinese economy. On May 12, the deputy go

    May 27, 2014 07:00 pm JST
  • China's Tencent ramps up marketing to take on rival Alibaba

    GUANGZHOU, China -- As competition heats up in China's online shopping and payment services, major Chinese internet service firm Tencent is stepping up efforts to direct consumers from virtual shops to actual brick-and-motor stores through its hugel

    May 27, 2014 01:00 pm JST
  • In Japanese college's melting-pot dorm, students share everything but fridges

    TOKYO -- Waseda University this spring took a step to make itself more international, opening a dormitory devoted to increasing interactions between Japanese and non-Japanese students. The private university in Tokyo sees Waseda International St

    May 27, 2014 01:00 pm JST
  • Cash-hungry Chinese developers cutting bargains on homes

    SHANGHAI -- Eager to pay down their debts, Chinese real estate companies are increasingly resorting to lower prices in an attempt to move unsold homes. Developers are also starting to hold back new residential projects, threatening the biggest d

    May 27, 2014 06:12 am JST
  • Fuji Xerox to develop multifunction machines faster in China

    TOKYO -- Fuji Xerox will overhaul its development process for office machines in China, handling all stages from planning to production and sales there to bring new products to market in half the time. The technology giant will also offer produc

    May 27, 2014 05:07 am JST
  • Chinese ship sinks Vietnamese fishing boat in South China Sea

    HANOI -- A Chinese vessel rammed and sank a Vietnamese fishing boat off the coast of Vietnam on Monday afternoon, the first sinking of a ship in the conflict over disputed waters in the South China Sea. The state-run Tuoi Tre newspaper reported

    May 27, 2014 04:47 am JST
  • Japan renews call for maritime hotline to China

    TOKYO -- The Japanese government is urging China to move ahead with plans for an emergency channel of communication between their defense agencies to prevent the kind of inadvertent clash that almost occurred last weekend. Tokyo's appeal comes a

    May 27, 2014 01:11 am JST
  • Nothing inevitable about a Sino-Russian alliance

    TOKYO -- Many observers of global politics are convinced China and Russia are destined to develop cozier ties. By this reasoning, the two countries could build a united front against the Japan-U.S. alliance. But this is hardly set in stone, and Toky

    May 26, 2014 07:00 pm JST
  • China's property chill may give global markets the shivers

    TOKYO -- Optimism about China's economy had a spillover effect in Japan last week, helping to weaken the yen and push up stocks. But there could be trouble ahead as Chinese property prices go into decline. A key gauge of China's manufacturing ac

    May 26, 2014 06:00 pm JST
  • China's anti-corruption campaign reaches Hong Kong


    HONG KONG -- Chinese President Xi Jinping's anti-corruption campaign has reached Hong Kong. The head of China Resources (Holdings) has been sacked on suspicion of corruption, and other state-owned companies based there are also facing stricter disci

    May 26, 2014 01:00 pm JST
  • Ritsumeikan reaches crucial point for resurgence as a global university

    TOKYO -- The Ritsumeikan Trust of Japan, a Kyoto-based comprehensive educational institution, has arrived at a crucial stage in its attempt to foster global human resources. The institution was leading the globalization of Japanese universities

    May 26, 2014 01:00 pm JST
  • Singapore's Global Logistic Properties profit flat; outlook bullish in China

    SINGAPORE -- Global Logistic Properties, a Singaporean third-party logistics provider, posted a net profit of $685 million for the financial year ended in March, virtually flat from the previous year. Revenue declined 7% on the year to $598 million.

    May 26, 2014 11:30 am JST
  • China's Bank of Hangzhou issues 4 billion yuan bond: Dealogic

    Chinese lender Bank of Hangzhou issued a 4 billion yuan bond via sole bookrunner cmc Securities on May 21. (Click here for full StatShot report.)(Dealogic)

    May 26, 2014 11:12 am JST
  • Kobe Steel to build aluminum sheet plant in US

    TOKYO -- Kobe Steel will construct an aluminum sheet plant in the U.S. to meet growing demand for use in automobiles. In the U.S., tighter regulations on fuel economy are leading to greater use of aluminum in autoparts as a lighter alternative t

    May 26, 2014 02:00 am JST
  • US cruise companies tap into growing Chinese market

    NEW YORK -- Major U.S. cruise ship operators are stepping up their efforts to woo Chinese tourists by introducing state-of-the-art luxury liners and offering food that suits their palate, as well as short tours. Cruise trip is still less popular

    May 25, 2014 01:00 pm JST
  • Japanese brewers stepping up their game in China

    SHANGHAI -- Japanese brewers are working to win over beer drinkers in China, eager to raise their diminutive share in a market that guzzles up a quarter of the world's beer. Suntory Holdings plans to boost sales volume for products carrying its

    May 24, 2014 06:35 am JST
  • Settling ship dispute with China was best option: Mitsui O.S.K. chief

    TOKYO -- Mitsui O.S.K. Lines had no choice but to pay China roughly 4 billion yen ($39 million) for the release of an iron ore carrier that was seized in April, the head of the Japanese shipping company told The Nikkei. President Koichi Muto exp

    May 24, 2014 03:00 am JST
  • Unicharm confident it can weather an Asian slowdown

    TOKYO -- There may be signs of an economic slowdown in China and other Asian countries, but Unicharm will be able to flexibly shift its product strategy and achieve growth, President and CEO Takahisa Takahara told The Nikkei in a recent interview.

    May 23, 2014 07:00 pm JST
  • Lenovo's stock slump fuels investor skepticism on M&A strategy

    BEIJING/HONG KONG -- The share price of Chinese PC maker Lenovo Group has been in the doldrums for months. The market's reaction remained muted even after the company announced on Wednesday that it had posted its highest-ever revenue and net profit

    May 23, 2014 07:00 pm JST