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  • Japanese defense minister quits amid growing scandals

    TOKYO -- Japanese Defense Minister Tomomi Inada stepped down on Friday, capping her brief but embattled tenure that was marred by more gaffs and scandals than by achievements under Prime Minister Shinzo Abe.Inada told a Friday press conference that

    July 28, 2017 11:35 am JST
  • Japan's defense chief Inada tenders resignation to PM Abe

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe said Friday Defense Minister Tomomi Inada has tendered her resignation to take responsibility over allegations of a coverup involving logs that recorded the daily activities of Japanese ground troops servin

    July 28, 2017 11:06 am JST
  • Japan's labor market remains tight, consumption picks up in June

    TOKYO (Kyodo) -- Japanese companies continue to face severe labor shortages as job availability improved further in June to the best level in over four decades, while the unemployment rate declined, government data showed Friday.Job availability imp

    July 28, 2017 10:48 am JST
  • Japan's core consumer prices rise 0.4% in June

    TOKYO (Kyodo) -- Japan's consumer prices rose 0.4 percent in June from a year earlier partly due to higher oil prices, the government said Friday, still far below the Bank of Japan's 2 percent inflation target.The core consumer price index, which ex

    July 28, 2017 10:44 am JST
  • A first for Japan: Regular jobs for every applicant

    TOKYO -- Japan had more than one regular full-time job opening for every applicant on average -- the first this has occurred since November 2004 when the government started collecting data.Japan's ratio of jobs to applicants for regular workers in J

    July 28, 2017 09:37 am JST
  • Japan opposition leader takes swift fall after disappointing tenure

    TOKYO -- Renho assumed the Democratic Party's presidency as a much-needed savior of a struggling political opposition. Yet her fall came quickly after a stinging election loss that has turned even her most trusted lawmakers against her."I have creat

    July 28, 2017 07:22 am JST
  • Dentsu pledges to nearly eliminate overtime

    TOKYO -- Japanese advertising giant Dentsu released a plan Thursday that promises to nearly eliminate overtime and reduce hours by 20% from fiscal 2014 levels, in an effort to embrace the government initiative on workplace reforms and regain credibi

    July 28, 2017 07:10 am JST
  • Alps buying out unit to bolster autoparts biz

    TOKYO -- Alps Electric will enhance automotive operations by taking full ownership of listed group member Alpine Electronics under a deal announced Thursday, a move by the Japanese components maker to deepen cooperation across the hardware-software

    July 28, 2017 07:08 am JST
  • Sysmex, Eisai teaming up on Alzheimer's blood test

    OSAKA -- Medical device manufacturer Sysmex and drugmaker Eisai will develop a blood test for Alzheimer's disease, with the Japanese duo aiming to bring associated devices to market in two years.The test will detect the beta-amyloids that accumulate

    July 28, 2017 05:52 am JST
  • Japan to let taxi riders avoid congestion sticker shock

    TOKYO -- Japan's major taxi companies are preparing to test a cab-hailing app that sets fares at the time of reservation, hoping to boost ridership by easing concerns about price surges when roads are congested.Forty-four companies in four taxi grou

    July 28, 2017 05:50 am JST
  • Japanese public broadcaster broadening horizons beyond TV

    TOKYO -- Japan's NHK seeks to transform itself from just a public broadcaster to a "public media company," said President Ryoichi Ueda, who called bringing together television and other media, particularly the internet, a "major management challenge

    July 28, 2017 05:25 am JST
  • Defense chief's exit comes too late as Abe faces backlash

    TOKYO -- A defense chief ensnared in a cover-up scandal has offered a belated resignation. Yet anger continues to smolder among ruling party lawmakers who believe Prime Minister Shinzo Abe exacerbated the problem by standing by her until the very en

    July 28, 2017 05:12 am JST
  • Earnings preview

    Top Japanese airlines seen flying higher in April-June

    TOKYO -- ANA Holdings and Japan Airlines apparently logged double-digit profit growth for the quarter ended June amid stronger demand for business travel and long-haul international flights.The parent of All Nippon Airways likely saw operating profi

    July 28, 2017 04:20 am JST
  • Earnings preview

    Low-cost mobile carriers eating into KDDI profit

    TOKYO -- KDDI and NTT Docomo are feeling the effects of intense competition from budget wireless carriers, with the impact showing up in their results for the April-June quarter.KDDI is seen posting an operating profit that is little changed from th

    July 28, 2017 03:41 am JST
  • UAE oil giant eyes foreign partnerships to tap Asian markets

    TOKYO -- A state-owned oil company of the United Arab Emirates is making "good progress" in talks to renew Japanese producers' rights to crucial concessions and is seeking partners to expand in the growing Asian market, its leader told The Nikkei.Su

    July 28, 2017 03:20 am JST
  • Financial stocks retreat as Fed holds rates steady

    TOKYO -- The wind has been taken out of Japanese financial stocks' sails after the U.S. Federal Reserve elected to keep interest rates steady, deflating hopes that profitability will soon recover at banks. The Nikkei Stock Average rose 29 points to

    July 28, 2017 02:03 am JST
  • With Wisconsin plant, Foxconn envisions US as its next China

    TAIPEI -- Taiwan's Hon Hai Precision Industry, known as Foxconn, is positioning the U.S. as an electronic parts production hub next in importance to its massive presence in China, starting with a $10 billion LCD panel plant in Wisconsin, announced W

    July 28, 2017 02:03 am JST
  • Earnings preview

    Oji's profit likely crumpled below market projection

    TOKYO -- Japanese paper manufacturer Oji Holdings is expected to turn in a group operating profit of around 13 billion yen ($116 million) for the April-June quarter, a 30% drop from a year earlier, chiefly due to costlier raw materials.A QUICK conse

    July 28, 2017 02:01 am JST
  • Toshiba on verge of capping guarantees to US utility Scana

    TOKYO -- Toshiba is nearing a deal to cap its guarantees to Scana, one of two American utilities that contracted Westinghouse Electric to build nuclear reactors, at the equivalent of around 240 billion yen ($2.14 billion), The Nikkei learned Thursda

    July 28, 2017 02:00 am JST
  • Earnings preview

    Royal Holdings heads for 27-year profit record

    TOKYO -- Japanese hospitality group Royal Holdings appears to have logged a roughly 50% surge in group pretax profit for January-June, lifted by a strong performance by its hotel business.Profit reached an estimated 2.3 billion yen ($20.6 million) f

    July 28, 2017 02:00 am JST