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  • Japan's Kuraray taking over Calgon Carbon of US for $1.1bn

    TOKYO -- Japanese chemical producer Kuraray is acquiring American activated-carbon titan Calgon Carbon in a deal exceeding $1.1 billion.Kuraray will purchase all outstanding shares for $21.50 each, according to Thursday's announcement. It aims to cl

    September 22, 2017 01:33 am JST
  • Rakuten stands on shoulders of NBA giants to get noticed

    TOKYO -- Japanese virtual shopping mall operator Rakuten is working to raise its profile through deals with big overseas sports clubs.Earlier this month it agreed to become a sponsor of the NBA's Golden State Warriors, a U.S. professional basketball

    September 21, 2017 09:32 pm JST
  • Singapore's GIC to buy 51% of Sheraton Grande Tokyo Bay Hotel for $460m

    SINGAPORE -- Singaporean sovereign wealth fund GIC announced Thursday it would invest approximately $460 million in a 51% stake in Sheraton Grande Tokyo Bay Hotel in Japan.GIC will acquire the majority stake through a joint venture to be set up with

    September 21, 2017 08:37 pm JST
  • A sea change in Pacific fish wars

    TOKYO -- In ominous times, the world is already at war over fish, and seafood-loving Japan finds itself pitted against fish-hungry nations and regions like China, North Korea, Taiwan, and the U.S.Japan has been losing out to the competition lately,

    September 21, 2017 08:06 pm JST
  • Esports take center stage at Tokyo Game Show

    CHIBA, Japan -- Japan had a lot of success in video games while its citizens preferred to play alone. But tastes are changing and gaming is no longer a solo activity. The future of gaming requires a computer, an internet connection and millions of o

    September 21, 2017 08:01 pm JST
  • Focus shifts away from BOJ a year after drastic policy change

    TOKYO -- In September 2016, the Bank of Japan surprised markets with the introduction of its yield-curve control policy, or YCC. A hugely unconventional policy in modern central banking and a drastic change from its previous policy, the central bank

    September 21, 2017 07:03 pm JST
  • Fledgling Japanese fintech sector needs to 'design for global use'

    TOKYO -- For a country with such a strong reputation for advanced technology, Japan has lagged far behind its global peers when it comes to applying it to financial services.Both the national and metropolitan governments have now embarked on an aggr

    September 21, 2017 05:25 pm JST
  • Japan chemical maker Kuraray to buy Calgon Carbon for $1.1 bn

    TOKYO (Reuters) -- Japanese chemical manufacturer Kuraray will buy U.S. firm Calgon Carbon Corp for $1.107 billion, Kuraray said on Thursday, adding the carbon materials firm as one of its core businesses.Kuraray said it would buy all of Calgon Carb

    September 21, 2017 05:16 pm JST
  • Facial recognition's got an eye on you

    TOKYO -- Wearing sunglasses? Sticking your tongue out? Advances in Japan's facial recognition technology are enabling machines to detect individuals with higher accuracy and reliability, regardless of the disguises, offering a plethora of opportunit

    September 21, 2017 05:12 pm JST
  • Toshiba calls extraordinary meeting for Oct. 24

    TOKYO -- Toshiba will hold an extraordinary shareholders meeting on Oct. 24 to formalize the board's decision to sell Toshiba Memory to a consortium led by U.S. investment fund Bain Capital.Shareholders will also vote on the appointment of its 10 bo

    September 21, 2017 03:15 pm JST
  • SK Hynix says some key issues on Toshiba chip unit sale still need agreement

    SEOUL (Reuters) -- SK Hynix Inc, part of the winning consortium for Toshiba Corp's chip unit, said on Thursday that some key issues still needed to be agreed upon.Toshiba said on Wednesday it had agreed to sell the prized unit to a consortium led by

    September 21, 2017 03:08 pm JST
  • Asia will be home to 60% of world's elderly by 2030s: Deloitte

    SINGAPORE -- Some 60% of the world's population of people over 65 years old will live in Asia by 2030, causing a number of economies in the region to face demographic challenges before they get rich enough, according to a recent report by consultanc

    September 21, 2017 02:45 pm JST
  • How 'ESG' is the boss? Japan Inc. to include social responsibility in bonuses

    TOKYO -- A growing number of Japanese firms are rethinking how they compensate their top executives. In addition to the usual focus on financial performance, companies are keen to look at other factors that investors care about, such as environmenta

    September 21, 2017 01:25 pm JST
  • BOJ stands pat as Japan's economy gathers steam

    TOKYO -- The Bank of Japan on Thursday kept its monetary policy unchanged, apparently giving the country's robust economy of the past several months a little more time to get prices moving uphill.The BOJ's policy board voted 8-1 to maintain an inter

    September 21, 2017 12:51 pm JST
  • Japan to certify big-data providers to drive innovation

    TOKYO -- The Japanese government will begin certifying companies and organizations that gather and compile various kinds of information and offer them as useful data for product development and other purposes.The so-called big-data banks, which will

    September 21, 2017 11:00 am JST
  • 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