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  • Hoya faces profit blip but sees business booming

    TOKYO -- Japanese eyeglass lens maker Hoya Corp.'s consolidated pretax profit is expected to decline roughly 20% on the year to around 70 billion yen ($663 million) for the year ending March, in large part because one-time insurance income inflated

    January 22, 2014 06:13 am JST
  • Renesas to cut 5,400 jobs in Japan

    TOKYO -- Renesas Electronics plans to shed 5,400 domestic workers by the end of fiscal 2015, the latest in a series of restructuring moves by the struggling Japanese chipmaker. Management has already submitted a plan to labor, with details to be

    January 22, 2014 06:03 am JST
  • Honda tech stops speeding cars from hitting pedestrians

    TOKYO -- Honda has developed the world's first automatic braking system that can keep a vehicle traveling as fast as 60kph from colliding with a pedestrian, part of a race among automakers to improve safety using automated functions. Automatic b

    January 22, 2014 05:57 am JST
  • Mitsubishi Heavy, Hitachi to push compact generation systems in China

    TOKYO -- Mitsubishi Heavy Industries and Hitachi will join forces in small power generation systems using gas engines in the Chinese market, creating a joint venture this year. Mitsubishi Heavy will sell Hitachi a 35% share of a wholly owned sub

    January 22, 2014 05:48 am JST
  • As LNG spot price peaks, Japan utilities turn to fuel oil

    TOKYO -- Japanese power utilities are taking a shine to fuel oil as a cheaper alternative to liquefied natural gas, whose spot price is up around its highest levels since the March 2011 disaster on strong demand in Europe and elsewhere. The spot

    January 22, 2014 05:36 am JST
  • Japanese universities, firms teaming up to train engineers

    TOKYO -- Major universities are starting an initiative to help science and engineering graduate students gain professional experience by taking part in R&D at companies. Twelve schools, including the University of Tokyo and Kyoto University, and

    January 22, 2014 05:01 am JST
  • Setting tariff parameters by August next step for East Asian pact talks

    TOKYO -- Establishing targets for tariff elimination will be the focus of the third round of talks for the Regional Comprehensive Economic Partnership free trade agreement, which opened in Malaysia Tuesday. The RCEP includes Japan, China, South

    January 22, 2014 04:44 am JST
  • Mazda going global with production of new Mazda3

    HIROSHIMA -- Mazda Motor has global plans for the latest model of its best-selling Axela compact, which is sold outside of Japan as the Mazda3. The Japanese automaker plans to be making the new Mazda3 at all three of its main overseas production

    January 22, 2014 04:32 am JST
  • Will 'Fat Five' tech stocks come back down to earth?

    TOKYO -- The high-flying U.S. Internet companies dubbed the Fat Five by a Danish bank have come to symbolize the overpriced tech corner of the American stock market. Amazon.com, Netflix, Twitter, Pandora Media and Yelp -- singled out in Saxo Ban

    January 22, 2014 04:07 am JST
  • Japan's Pigeon stepping up American push with baby goods

    TOKYO -- Baby products maker Pigeon seeks to further boost its business in the U.S., a market with nearly four times as many births a year as in Japan. The Tokyo firm will invest around 400 million yen ($3.79 million) to install new lines to dou

    January 22, 2014 03:52 am JST
  • Japan Post to get OK for new tuition savings policy

    TOKYO -- Japan Post Insurance is expected to receive regulatory approval as early as this month to sell a new tuition savings plan that it sees as a potential earnings booster, The Nikkei learned Tuesday. Permission for the rollout was delayed b

    January 22, 2014 03:43 am JST
  • For once-bitten, twice-shy Japan Inc., weak yen a mixed blessing

    TOKYO -- The Japanese government has expected a weak yen to spur exports and help the economy grow, a prospect that may need revisiting in the face of the new reality of the nation's manufacturing sector. "How do you explain the continuing defic

    January 22, 2014 03:09 am JST
  • Mazda affiliate eyes March debut on Tokyo stock market

    TOKYO -- Autoparts maker DaikyoNishikawa is poised to go public on the Tokyo Stock Exchange second section as early as March. Proceeds from the stock offering are expected to go toward R&D spending and capital investment, with a focus on expandi

    January 22, 2014 03:08 am JST
  • Kao's Chinese ops seen swinging to black in fiscal 2015

    TOKYO -- After years of struggling in China, Japan's Kao is poised to generate a profit there for the fiscal year ending December 2015 by expanding sales channels and overhauling its business strategy. Kao moved into China in 1993, but its relat

    January 22, 2014 02:09 am JST
  • Elpida resuming capital spending in bid to catch Samsung

    TOKYO -- Elpida Memory will invest roughly 80 billion yen ($758 million) to expand chip production, adding cutting-edge fabrication equipment with an eye toward catching up to DRAM market leader Samsung Electronics. This would mark the chipmaker

    January 22, 2014 02:08 am JST
  • Disco's 9-month op profit likely up 30%

    TOKYO -- Disco, a major Japanese manufacturer of chipmaking equipment, is expected to report a nearly 30% year-on-year increase in consolidated operating profit for the April-December term, backed by brisk sales in Japan and other parts of Asia.

    January 22, 2014 02:00 am JST
  • Chinese hoarding lifts ethylene prices to highest in years

    TOKYO -- Ethylene is fetching some of its loftiest prices in five and a half years amid robust Chinese demand for the raw material for plastics. The East Asia spot price is now around $1,540 a ton, up some 10% from early December. Many Chine

    January 22, 2014 12:54 am JST
  • Malaria vaccine efforts in Japan raise global hopes

    OSAKA -- Two universities in western Japan are at the forefront of efforts to develop a vaccine against malaria, a mosquito-borne disease that sickens millions in Asia and Africa every year. Growing economic opportunities are drawing many busine

    January 22, 2014 12:38 am JST
  • More than 1,000 Japanese firms doing business in India

    NEW DELHI -- The number of Japanese companies operating in India reached 1,072 in 2013, breaking 1,000 for the first time, according to the Japanese embassy here. This figure rose by 146 on the year and has roughly doubled in only five years, fr

    January 22, 2014 12:05 am JST
  • Chinese pick Japan as favorite travel destination

    DALIAN, China -- A survey conducted by U.S. travel information website operator Travelzoo shows that Japan is the most popular overseas travel destination in 2014 among its subscribers in mainland China, a jump from last year's ranking of 10th.

    January 21, 2014 07:00 pm JST