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  • Panasonic to extend Olympic sponsorship through 2024

    OSAKA -- Panasonic will lengthen its sponsorship contract with the International Olympic Committee, adding eight years to the current term ending in 2016. The company is among the top sponsors of the IOC, along with the likes of Coca-Cola and Ge

    January 21, 2014 02:00 am JST
  • Cosmo teaming up with Spain's Cepsa in gas, oil

    TOKYO -- Japan's Cosmo Oil has reached a basic agreement to form a business alliance with Spanish energy giant Compania Espanola de Petroleos SAU, or Cepsa, aiming to break into natural gas development as its domestic oil-refining business struggles

    January 21, 2014 02:00 am JST
  • Robust sales seen lifting Mitsubishi Pencil to record profit

    TOKYO -- Mitsubishi Pencil is expected to post an all-time-high group pretax profit of around 9.3 billion yen ($88.53 million) for the year ended in December, up more than 40% on the year and besting the previously forecast 9 billion yen. Amid r

    January 21, 2014 02:00 am JST
  • NEC to sell off Internet provider Biglobe

    TOKYO -- NEC is in late-stage talks to sell Biglobe, Japan's fourth-largest Internet service provider by customers, to an investment fund for around 70 billion yen ($666 million), sources familiar with the matter say. The deal could touch off a b

    January 21, 2014 02:00 am JST
  • Nifco's April-December op profit likely jumped 41% to record

    TOKYO -- Japanese autoparts firm Nifco is expected to report a 41% year-on-year jump in consolidated operating profit for the nine months ended Dec. 31, propelled by increased car production. Group operating profit is seen coming to around 11.5

    January 21, 2014 02:00 am JST
  • More women staying on the job in Japan

    TOKYO -- Japanese women in their late 30s and early 40s are increasingly remaining in the workforce, a sign that government efforts to help working mothers with easier access to child care are bearing fruit. Women aged 35-44 in the labor force a

    January 21, 2014 01:38 am JST
  • Suntory's Beam acquisition echoes JT's move to become global player

    TOKYO -- Japanese distiller Suntory Holdings' recent decision to acquire top U.S. distiller Beam illustrates that the Japanese company is taking a path similar to that taken by Japan Tobacco, which is promoting mergers and acquisitions in the cigare

    January 20, 2014 07:00 pm JST
  • Trouble at Nintendo has market doubting weak yen's medicinal effects

    TOKYO -- Japanese stocks slumped Monday, with Nintendo's poor performance casting a pall over the market. Some see the video game maker's struggles as a reminder that the weakening yen is not a cure-all for corporate Japan. The Nikkei Stock Aver

    January 20, 2014 07:00 pm JST
  • If Japan is to recharge its economy, it can't just unplug nuclear reactors

    TOKYO -- The campaign to elect Tokyo's next governor is shaping up to be a stage for debating national energy policy. Voters will have to ask themselves a larger question: Who will take responsibility for ensuring the vitality of the country as a wh

    January 20, 2014 07:00 pm JST
  • Deflation fight brings Abe, Kuroda close -- but is it too close?

    TOKYO -- Bank of Japan Gov. Haruhiko Kuroda is one of Prime Minister Shinzo Abe's staunchest allies in the fight to end Japan's decades-long deflation. But the close relationship between the two, though effective for now, could become a threat to th

    January 20, 2014 07:00 pm JST
  • Cheung Kong's Li: Guessing game continues on succession

    HONG KONG -- Li Ka-shing is not through cashing in on his success yet. His son Victor may have to wait to take center stage. "I am ready to retire, but have no immediate plans to do so," Hong Kong tycoon Li Ka-shing said in a late November inter

    January 20, 2014 05:00 pm JST
  • Meet Hong Kong's Wong, the 'Magic Boy'

    HONG KONG -- Ricky Wong Wai-kay, chairman of Hong Kong Television Network, is nicknamed "Magic Boy." He has continued to challenge regulatory restraints in Hong Kong, a special administrative region of China known as one of the most business-friendl

    January 20, 2014 05:00 pm JST
  • Acer's Shih returns as PC business struggles

    TAIPEI -- Stan Shih is back. The 69-year-old co-founder of major Taiwanese PC maker Acer retired from the company's management about nine years ago. He returned last November when Chairman and CEO J. T. Wang stepped down because of the company's poo

    January 20, 2014 05:00 pm JST
  • Two at the top for TSMC

    TAIPEI -- Taiwan's TSMC remains the world's largest semiconductor foundry, or contract semiconductor producer. The company's two presidents -- Mark Liu, 59, and C. C. Wei, 60 -- last November jointly took over the CEO position from Chairman Morris C

    January 20, 2014 05:00 pm JST
  • Gou goes away from China to spur growth

    TAIPEI -- Taiwan's Terry Gou, chairman of Hon Hai Precision Industry, the world's largest electronic manufacturing service provider, has expressed his support for U.S. President Barack Obama's advanced-manufacturing initiative. He announced plans la

    January 20, 2014 05:00 pm JST
  • Japan, US to establish security hotline

    WASHINGTON -- Japan and the U.S. will establish a hotline between their national security advisers as early as next month to provide closer communication and strengthen bilateral cooperation, The Nikkei has learned. The direct telephone line wil

    January 20, 2014 02:00 pm JST
  • IHI to start mass-producing disaster lifeboats

    TOKYO -- Japanese heavy machinery maker IHI will this year start mass-producing lifeboats designed for such disasters as tsunami, typhoons and floods, The Nikkei has learned. IHI will set up production lines at its core domestic plants capable o

    January 20, 2014 02:00 pm JST
  • Slow-to-adapt Nintendo reeling in the smartphone era

    OSAKA -- Nintendo, once a tireless profit machine, appears to be drifting into a morass of losses. Observers say the video game giant has lost its innovative edge and failed to adapt to the changing reality of gaming. On Friday, the company ann

    January 20, 2014 01:00 pm JST
  • Tokyo steps up tourism PR in Indonesia, Vietnam

    TOKYO -- Japan is opening its doors wide to attract more foreign tourists, particularly those from Southeast Asian countries, in an attempt to develop in-bound tourism into another pillar of the country's economy. The Tokyo Metropolitan Governme

    January 20, 2014 01:00 pm JST
  • Japan has critical role to play in global nuclear security: panel

    TOKYO -- Rather than abandoning atomic energy, Japan should maintain its industry and help lead efforts to ensure global nuclear security, experts told a Nikkei symposium here on Monday. "Without a strong commercial nuclear posture, Japan's form

    January 20, 2014 01:00 pm JST