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  • Aging Asia's trillion-dollar business opportunity

    As Asia ages, businesses catering to the elderly are swelling along with the demographic. So alluring is the growth potential that even companies with no prior experience in this segment are rushing in, from property developers to newspaper operator

    July 26, 2017 11:59 am JST
  • SoftBank seeking multibillion dollar stake in Uber: WSJ

    NEW YORK (Kyodo) -- Japan's SoftBank Group Corp. is pushing to take a multibillion dollar stake in Uber Technologies Inc., the Wall Street Journal reported Tuesday, citing people familiar with the matter.According to the report, the sources said Sof

    July 26, 2017 10:25 am JST
  • Seven-Eleven Japan grabs 40% share of slowing convenience market

    TOKYO -- Seven-Eleven Japan maintained a comfortable lead over rivals in the country's convenience store market, increasing its share of sales by 1 percentage point to 40.4% in fiscal 2016, a Nikkei survey found.FamilyMart, which merged with the ope

    July 26, 2017 07:06 am JST
  • Earnings preview

    Staffing company UT's profit seen up 10% for April-June

    TOKYO -- Japanese staffing provider UT Group's operating profit likely grew about 10% on the year in the first quarter ended June, driven by brisk manufacturing-sector demand.The black ink looks to have slightly exceeded 900 million yen ($8.06 milli

    July 26, 2017 05:54 am JST
  • Mitsubishi to buy UK wind power transmission network

    TOKYO -- Mitsubishi Corp. will acquire power transmission cables for an offshore wind farm in the U.K., gaining a firmer foothold in a market expected to see more growth as Europe shuns nuclear energy in favor of renewables.The Japanese trading hous

    July 26, 2017 05:44 am JST
  • Abe struggles to revive support as scandal threatens agenda

    TOKYO -- Japanese Prime Minister Shinzo Abe struck a regretful tone in a special parliamentary session devoted to a favoritism scandal, but that performance alone is unlikely to revive approval ratings sunken to dangerous lows.Diet legislators grill

    July 26, 2017 05:21 am JST
  • Mizuho, SMBC to auction claims in defunct chemical trader

    SHANGHAI -- Four major Japanese financial institutions including Mizuho Bank and Sumitomo Mitsui Banking Corp. will auction their debt claims Wednesday in Emori Group Holdings, a chemical trader that became insolvent in 2015.The lenders -- including

    July 26, 2017 04:57 am JST
  • Japan labor lobby backs off from merit pay accord

    TOKYO -- Japan's organized labor balked Tuesday at a deal to approve a pay system based on output rather than hours worked, letting slide an agreement with the government and Keidanren business lobby due to internal discord.The government drew up a

    July 26, 2017 04:44 am JST
  • Japan expands trade insurance with eye on infrastructure exports

    TOKYO -- The government-backed Nippon Export and Investment Insurance will more fully cover the exposure Japanese lenders face in financing companies in emerging countries, a measure aimed at boosting infrastructure exports.When Japan exports infras

    July 26, 2017 04:25 am JST
  • Tokyo rebar prices rise on falling Chinese exports

    TOKYO -- Prices of steel reinforcement bars used in buildings have increased here as a decline in Chinese exports has lifted demand for steel products from Japan.Standard rebar prices in the greater Tokyo area have risen to 57,000 yen ($510) a ton,

    July 26, 2017 04:16 am JST
  • Sony to turn receipt photos into sales trend data

    TOKYO -- Sony will scour a wealth of receipt images to analyze sales trends for a swath of products across a range of retailers, expanding into the growing field of digital marketing as part of a broader innovation strategy.The Japanese conglomerate

    July 26, 2017 04:07 am JST
  • Japan crafts AI guidelines ahead of global talks

    TOKYO -- Japan has authored artificial intelligence guidelines that protect safety and healthy competition, in a bid to take the lead on efforts to establish worldwide standards for the technology.The rules were compiled by the Ministry of Internal

    July 26, 2017 03:39 am JST
  • Japan Market Pulse

    Little-covered Tokyo small caps take turn in the spotlight

    TOKYO -- Investors seem to be seeking out small- and midcapitalization Japanese equities that attract few analysts but respond more readily to earnings news than index-investment-driven blue chips."It's gotten harder to invest in large caps," said o

    July 26, 2017 02:56 am JST
  • Japanese equities show signs of decoupling from yen

    TOKYO -- Japan's export-oriented companies rallied Tuesday on the Tokyo stock market even with the yen strengthening against the dollar, cutting against conventional wisdom as investors factored in the central bank's stance and a corporate push to d

    July 26, 2017 02:10 am JST
  • Earnings preview

    Oriental Land takes 'Pirates of the Caribbean' ride to higher profit

    TOKYO -- Oriental Land's group operating profit likely rose 10% on the year to about 25 billion yen ($224 million) for the April-June quarter as the Tokyo Disney Resort operator used seasonal events and new attractions to draw more visitors.Sales ar

    July 26, 2017 02:01 am JST
  • Earnings preview

    Sharp seen ending streak of Q1 losses with $134m profit

    OSAKA -- Sharp likely generated a group net profit of about 15 billion yen ($134 million) for the three months through June, a reversal from the year-earlier 27.4 billion yen loss that continues the company's recovery under Taiwanese parent Hon Hai

    July 26, 2017 02:01 am JST
  • Kyocera leverages AI to spot skin cancer

    KYOTO -- Kyocera and the University of Tsukuba have developed a diagnostic system that taps the power of artificial intelligence to instantly detect possible skin malignancies from digital photos.Deep learning was applied to review 4,000 images rela

    July 26, 2017 02:01 am JST
  • Vietjet partners with Japan Airlines to upgrade its offering

    HO CHI MINH CITY -- Vietjet Air, the Vietnamese low-cost carrier, and Japan Airlines on Tuesday signed a formal agreement to become strategic partners, aiming to improve the quality of service for customers as well as enhance the corporate value of

    July 25, 2017 11:39 pm JST
  • New BOJ policymakers committed to 2% inflation

    TOKYO (Kyodo) -- Newly appointed Bank of Japan Policy Board members Goshi Kataoka and Hitoshi Suzuki said Tuesday they are committed to achieving the central bank's ambitious 2 percent inflation goal, despite recent signs its drastic monetary easing

    July 25, 2017 10:57 pm JST
  • Abe corrects past Diet answers over favoritism allegations

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe on Tuesday corrected answers he gave to Diet committees last month regarding when he became aware that a university run by his friend had applied to open a new veterinary department.During an ad hoc session

    July 25, 2017 07:23 pm JST