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  • Western Digital takes legal step to stop Toshiba memory investment

    Western Digital Corp filed its latest legal action against joint-venture chip partner Toshiba Corp for moving to invest in a new flash memory production line without its help, the U.S. company said on Wednesday.The new arbitration requests, filed i

    September 21, 2017 10:39 am JST
  • Japan's big banks widen their embrace of fintech firms

    TOKYO -- Japanese banks and brokerages are hastening to engage with financial technology, abandoning their self-sufficiency to seek high-tech partners and form new ecosystems around innovative services.The financial institutions are working on myria

    September 21, 2017 10:02 am JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • European business leaders back a Thai canal project

    BANGKOK An ambitious, $28 billion plan to build a ship canal linking the Indian and Pacific oceans has received a major boost of support as European business leaders in Thailand join Chinese government advisers and influential Thais to urge the mili

    September 21, 2017 10:00 am JST
  • Spring Airlines' success creates more competition for Chinese tourists

    SHANGHAI Wang Zhenghua's instincts on China's travel industry have proven visionary.As China's middle class began to develop more than three decades ago, Wang founded a travel agency that focused on individuals rather than group travel. He then laun

    September 21, 2017 10:00 am JST
  • Huawei's hefty paychecks make a splash in Japan

    TOKYO China's Huawei Technologies is causing a stir among young Japanese job seekers by offering monthly salaries of around $4,000 for prospective science and engineering graduates.Huawei, the world's No. 3 smartphone maker by sales, will set up a m

    September 21, 2017 10:00 am JST
  • Asia's regulators crack down on digital currencies

    HONG KONG Authorities in Asia are alarmed at the rapid volume of investment in digital tokens offered through initial coin offerings, and are scrambling to create regulatory frameworks for the sector.The People's Bank of China has declared all ICOs

    September 21, 2017 10:00 am JST
  • Thailand's homegrown manga industry takes off

    BANGKOK Thailand has begun writing the story of its own manga industry, as smartphone apps and other digital platforms develop the business in a country long known as a heavy consumer of Japanese content.Local e-book distributor Ookbee credits much

    September 21, 2017 10:00 am JST
  • Anthony Rowley: US monetary policy portends return of the dreaded 'Japan premium'

    The term "Japan premium" sounds rather like a superior brew of Japanese ale. But it actually came into use more than 20 years ago to describe something rather less intoxicating -- the punishingly high cost that Japan's banks had to pay if they wante

    September 21, 2017 10:00 am JST
  • Richard Heydarian: ASEAN can act as a bridge for the two Koreas

    The Association of Southeast Asian Nations could play an effective role in easing tensions over North Korea's nuclear and missile program because of its ties with both Koreas.North Korea appears well on its way to becoming a nuclear power. As the wo

    September 21, 2017 10:00 am JST
  • Toshiba empire crumbles as talent, morale drain away

    TOKYO -- The protracted and chaotic bidding process for Toshiba's prized memory unit -- culminating in Wednesday's decision of a preferred buyer -- has caused damage that cannot be undone overnight.The choice of a consortium involving U.S. investmen

    September 21, 2017 09:30 am JST
  • Bain accord brings Toshiba Memory saga closer to resolution

    TOKYO -- After months of waffling, Toshiba's decision Wednesday to sell its flash memory arm to a consortium led by U.S. private-equity firm Bain Capital has improved the embattled conglomerate's prospects of getting back on its feet. But an unresol

    September 21, 2017 07:17 am JST
  • Mexico's powerful quake may paralyze auto production

    MEXICO CITY -- The major earthquake that hit Mexico's capital Tuesday could cripple automobile production in the country, one of its key industries.The earthquake struck around 1:14 p.m., and the U.S. Geological Survey estimates the magnitude at 7.1

    September 21, 2017 07:09 am JST
  • Japan developing shared ID system for banks

    TOKYO -- Japanese consumers may soon be able to create a common identification to be used to open accounts at multiple banks and financial houses without the hassle of re-entering personal information.A system overseeing the process will be jointly

    September 21, 2017 06:43 am JST
  • Amazon takes on Japan's business-to-business market

    TOKYO -- Amazon.com has launched its business-to-business operation in Japan, where the U.S. tech giant is expected to carve out space against long-established rivals well-versed in this country's corporate norms.All-in-one solutionDebuting in April

    September 21, 2017 05:53 am JST
  • Asian travelers help push Japan's tourist count over 20m

    TOKYO -- Japan is welcoming tourists at a faster pace this year, with the number of foreign visitors surpassing 20 million as of Friday, but the influx has also shed light on infrastructure issues in need of attention.Japan hit the 20 million thresh

    September 21, 2017 05:45 am JST
  • North Korea threat urgent and unprecedented, Abe tells UN

    UNITED NATIONS -- The threat posed by North Korea's nuclear and missile development is "unprecedented" and "indisputably a matter of urgency," Japanese Prime Minister Shinzo Abe told the General Assembly on Wednesday, urging the international commun

    September 21, 2017 05:34 am JST
  • Abe's party to pledge writing defense forces into constitution

    TOKYO -- Prime Minister Shinzo Abe's ruling party will promise to add language recognizing Japan's Self-Defense Forces to the constitution in its campaign platform to be announced for upcoming general elections.Writing the SDF into the charter's war

    September 21, 2017 05:02 am JST
  • Abe touts vision for Japan entitlement reform on Wall Street

    NEW YORK -- Prime Minister Shinzo Abe wants to make Japan's social security system work "for all generations," he said in a speech here Wednesday, by providing benefits for working adults and children as well as the elderly.Abe spoke at the New York

    September 21, 2017 04:17 am JST
  • Japan Market Pulse

    Stocks at critical juncture as Fed looks to tighten policy

    TOKYO -- As the U.S. inches toward reversing years of monetary easing following the 2008 financial crisis, Japanese stocks could either continue rising or hit a ceiling.Tokyo stocks moved little Wednesday ahead of an announcement by the Federal Rese

    September 21, 2017 03:26 am JST