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  • Abe's party sees removing constitutional military ban as infeasible

    TOKYO -- Removing Japan's constitutional ban on maintaining military forces would be politically infeasible, the vice president of the ruling Liberal Democratic Party told The Nikkei, suggesting that a less drastic change to the pacifist charter wou

    January 17, 2018 04:12 am JST
  • Toyota Tsusho buying chunk of Australian lithium miner

    NAGOYA -- Toyota Tsusho will acquire a 15% stake in Australian lithium-mining company Orocobre in hopes of securing stable supplies of the key mineral for eco-car batteries.The Toyota Motor group member will invest some 292 million Australian dollar

    January 17, 2018 04:04 am JST
  • Japan's SBI looks to raise $450m for AI, blockchain fund

    TOKYO -- SBI Holdings is launching a new investment vehicle that seeks to capture a broader swath of the fast-growing applications of blockchain and artificial intelligence.The SBI AI & Blockchain Fund will begin investing this month, managed by sub

    January 17, 2018 03:50 am JST
  • US-led meeting says sanctions pressure on North Korea must be maintained

    VANCOUVER (Reuters) -- Sanctions pressure must be maintained on North Korea to force it to abandon its nuclear weapons program and the world should not be fooled by its current charm offensive in engaging South Korea, participants at a 20-nation mee

    January 17, 2018 03:45 am JST
  • Nissan to paint Infiniti brand green as regulatory net tightens

    DETROIT, U.S. -- Japan's Nissan Motor plans to transform its upscale Infiniti brand into an electrified line amid a wave of international automakers hastening to add eco-cars as stricter environmental rules press in around the world.From 2021 on, al

    January 17, 2018 03:14 am JST
  • Earnings preview

    Bearings maker NSK seen topping profit target in fiscal 2018

    TOKYO -- Japan's NSK will probably generate roughly 108 billion yen ($975 million) in group operating profit in the year through March 2019, surpassing the existing projection for 100 billion yen.Making the most of a demand recovery, the company is

    January 17, 2018 02:56 am JST
  • Earnings preview

    Japan's Disco likely lifted profit 90% to record

    TOKYO -- Operating profit at Disco, a Japanese maker of semiconductor production machinery, likely soared 90% on the year to around 40 billion yen ($361 million) for the nine months through December, topping the 36.6 billion yen projection as brisk

    January 17, 2018 02:01 am JST
  • Days after Hawaii alert gaffe, Japan issues false alarm about a missile launch

    TOKYO (Reuters) -- Japanese public broadcaster NHK issued a false alarm about a North Korean missile launch on Tuesday, just days after a similar gaffe caused panic in Hawaii, but it managed to correct the error within minutes.It was not immediately

    January 16, 2018 08:45 pm JST
  • Asian tourists push Japan visitor spending tally to record $40bn

    TOKYO -- International visitors to Japan spent a record 4.41 trillion yen ($39.87 billion) in 2017, with tourists from the rest of Asia driving much of the growth, fresh statistics show.Overall tourist spending increased 17.8% from 2016, crossing th

    January 16, 2018 07:54 pm JST
  • Japan, Canada vow to 'maximize pressure' on North Korea through Vancouver talks

    VANCOUVER (Kyodo) -- Japan and Canada agreed Monday that the international community needs to demonstrate solidarity to "maximize pressure" on North Korea through a foreign ministerial meeting Tuesday on addressing North Korea's nuclear and missile

    January 16, 2018 05:24 pm JST
  • Japan stands by Myanmar, lest China gain favor

    TOKYO -- Japan has continued plying Myanmar with economic aid even as the Southeast Asian nation's treatment of its Rohingya Muslim minority has stirred international backlash, choosing the threat of condemnation over the risk of China taking over a

    January 16, 2018 02:54 pm JST
  • Made-in Japan cake exports satisfy Southeast Asia's sweet tooth

    A weekend afternoon at Chateraise, a pastry shop located in a Singapore shopping center, brings the usual stream of customers. "Which cake do you want? The new ones look delicious, too." People stare at the glass display case, trying to decide which

    January 16, 2018 12:10 pm JST
  • Japan's wholesale prices in 2017 log first rise in 3 years

    TOKYO (Kyodo) -- Japan's wholesale prices rose 2.4 percent in 2017, increasing on an annual basis for the first time in three years amid soaring energy costs, the Bank of Japan said Tuesday.The index of goods prices traded among companies stood at 9

    January 16, 2018 11:31 am JST
  • Japan, US, South Korea, Canada to hold talks Monday

    VANCOUVER (Kyodo) -- The foreign ministers of Japan, the United States, South Korea and Canada will hold talks on Monday on the eve of an multilateral ministerial meeting on the international community's response to North Korea, the U.S. State Depar

    January 16, 2018 11:24 am JST
  • Asian philanthropists can potentially give twice as much as US

    TOKYO -- Thanks to rapid economic growth, personal wealth in Asia is at an all-time high, with more billionaires in the region now than anywhere else in the world. But have charitable donations grown proportionally to the region's wealth? The answer

    January 16, 2018 08:00 am JST
  • Global carmakers to invest at least $90bn in electric vehicles

    DETROIT, U.S. (Reuters) -- Ford Motor Co's plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis show

    January 16, 2018 07:38 am JST
  • Earnings preview

    Japan software developer Obic seen posting record 9-month profit gain

    TOKYO -- Japanese business software provider Obic's group operating profit apparently jumped by a fifth on the year to nearly 25 billion yen ($226 million) for the nine months through December on steady demand for efficiency-boosting IT systems.This

    January 16, 2018 07:18 am JST
  • Comment

    SoftBank mobile IPO would help rein in debt and diversify funding

    TOKYO -- By publicly listing wireless subsidiary SoftBank, SoftBank Group would likely be able to rein in its rising debt and diversify its funding channels, in addition to streamlining its operational structure made more complicated by a string of

    January 16, 2018 06:24 am JST
  • Japan's machine tool orders break record in 2017

    TOKYO -- Machine tool orders for Japanese producers soared 31.6% in 2017 to 1.64 trillion yen ($14.8 billion), setting a record for the first time in 10 years, on brisk overseas demand and a firm market at home.That amounts to four times the low of

    January 16, 2018 06:12 am JST
  • Low interest rates driving households to hoard cash

    TOKYO -- The amount of paper money and coins in circulation in Japan, the U.S. and Europe has ballooned to nearly $4 trillion as households increasingly shun bank deposits that offer paltry interest rates.More than 106 trillion yen ($958 billion) in

    January 16, 2018 06:04 am JST