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  • Arthur Herman

    Japan defense industry needs security boost

    Japan's bid to tighten military cooperation with Australia is only the latest of the giant strides it has made in the past three years in becoming a full partner in building collective security in the Asia-Pacific region.Prime Minister Shinzo Abe, w

    January 19, 2018 07:00 am JST
  • Flea market app Mercari eyes June listing in Tokyo

    TOKYO -- Flea market app operator Mercari looks to list on the Tokyo Stock Exchange's Mothers market for startups in June in what could be a big initial public offering.The marketplace for secondhand goods is one of only a few Japanese "unicorns" --

    January 19, 2018 06:40 am JST
  • Japan's Toppan to make advanced chip-printing tech in China

    TOKYO -- Toppan Printing will make high-grade photomasks, used in printing semiconductor circuits, in China beginning in fiscal 2018, aiming to speed up deliveries there as the country gains prominence in the global chipmaking industry.Photomasks ar

    January 19, 2018 06:36 am JST
  • Japan Post readies services catering to foreign tourists

    TOKYO -- Aiming to help the growing ranks of travelers from abroad, Japan Post will soon offer automated language translation at post offices as well as services to take care of luggage.The automated translator will debut in April at all 20,000 or s

    January 19, 2018 06:00 am JST
  • Toyota to halve costs of fuel cell cars' core components

    NAGOYA, Japan -- Facing tepid demand for hydrogen fuel cell vehicles due to their high price tags, Toyota Motor plans to slash the cost of the key components of the zero-emission cars by more than half for a new model slated to launch in 2020 or lat

    January 19, 2018 05:27 am JST
  • Japan pension giant seen posting $56bn quarterly return

    TOKYO -- Japan's Government Pension Investment Fund apparently earned a roughly 6.3 trillion yen ($56.7 billion) profit on its investments in the three months through December thanks to a broad rally in global stocks.The estimate by Masahiro Nishika

    January 19, 2018 05:26 am JST
  • Ghosn plots next step for evolving Renault-Nissan alliance

    PARIS -- Carlos Ghosn signaled Wednesday he may end his roughly 13-year tenure as CEO of Renault to devote more attention to its alliance with Nissan Motor and Mitsubishi Motors, laying the groundwork for a handover that would still let him retain o

    January 19, 2018 04:23 am JST
  • China is a disruptive force, US Pacific military chief says

    NEW DELHI (Reuters) -- The head of the U.S. military's Pacific command called China a disruptive power in the Indo-Pacific region on Thursday and urged countries in the area to build capabilities and work together to ensure free and open seas.Admira

    January 19, 2018 03:41 am JST
  • Hong Kong activist fund presses GMO Internet on governance

    TOKYO -- Hong Kong-based activist fund Oasis Management is demanding that Japan's GMO Internet strengthen corporate governance, calling for such steps as doing away with takeover defenses.The fund wants GMO Internet, an internet services company bas

    January 19, 2018 03:06 am JST
  • Japan, Australia agree to keep pressure on North Korea

    TOKYO -- Japanese Prime Minister Shinzo Abe and Australian counterpart Malcolm Turnbull agreed Thursday to continue exerting maximum pressure on North Korea, demonstrating unity amid growing regional tensions over the country's nuclear development."

    January 19, 2018 02:38 am JST
  • Earnings preview

    Japan's Don Quijote set to maintain record profit streak

    TOKYO -- Don Quijote Holdings probably scored a 14% year-on-year increase in consolidated operating profit and notched a ninth consecutive record for the six months through December, with heavy traffic from customers seeking food and daily goods off

    January 19, 2018 02:28 am JST
  • Canon to step up repayment of acquisition debt

    TOKYO -- Canon will pay back more interest-bearing debt this year to improve its financial standing following the 2016 acquisition of a medical equipment business from Toshiba.Repayment will double from 2017 levels to around 200 billion yen ($1.79 b

    January 19, 2018 02:17 am JST
  • Tokyo to trial cab-sharing apps but to Japanese speakers only

    TOKYO -- A seven-week trial of cab-sharing apps in Tokyo will kick off next Monday, the first of its kind in Japan.On Thursday, two taxi groups in Tokyo, Nihon Kotsu and Daiwa Motor Transportation, revealed details of their new apps that let custome

    January 18, 2018 09:07 pm JST
  • Indonesia's Kalbe Farma moves into clinical testing

    JAKARTA -- Indonesian pharmaceutical company Kalbe Farma is entering the clinical testing business with two Japanese companies to tap the country's growing demand for prevention of lifestyle-related diseases.The foray marks a further diversification

    January 18, 2018 07:14 pm JST
  • Itochu to appoint tech-savvy officer as president and COO

    TOKYO -- Japanese trading company Itochu announced on Thursday that it is promoting Yoshihisa Suzuki, its senior managing executive officer, to president and chief operating officer, effective April 1. Suzuki has extensive experience in information

    January 18, 2018 04:03 pm JST
  • Spider-man shirt from Japanese startup works wonders

    TOKYO -- From gauging golf swings to detecting Parkinson's disease, a biometric shirt resembling a Spider-man outfit could find a place in the future of fashion.The shirt from Tokyo-based startup Xenoma, a spinoff from the University of Tokyo, featu

    January 18, 2018 02:30 pm JST
  • Thailand looks at slower bullet train to cut costs

    BANGKOK -- A project to build a high-speed railway in Thailand based on Japan's shinkansen technology has taken an unexpected turn, with the Southeast Asian country considering a significant downgrade to cut costs.Not so fast"The 670km Thai-Japanese

    January 18, 2018 02:00 pm JST
  • Mattis told foreign ministers of North Korea war plan: source

    VANCOUVER (Kyodo) -- U.S. Defense Secretary Jim Mattis told participants in a 20-nation ministerial meeting on North Korea that the United States has already prepared a war plan for the North in case diplomatic efforts fail, a source from one of the

    January 18, 2018 01:55 pm JST
  • Asia300 Summit 2018

    Japan and Germany stand to gain from 'Industry 4.0'

    SINGAPORE -- Countries with strong manufacturing know-how, including Japan and Germany, have an opportunity to regain their competitive technological edge as big data ushers in the "Industry 4.0," era, Christian Brecher, Director of Germany's Fraunh

    January 18, 2018 01:40 pm JST
  • Toshiba to sell Westinghouse assets to US hedge fund

    TOKYO -- Toshiba said Thursday it has agreed to sell assets related to its bankrupt former subsidiary Westinghouse Electric to a consortium led by U.S. hedge fund Baupost Group.Toshiba will sell claims on assets held by the former nuclear power subs

    January 18, 2018 01:39 pm JST