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  • Earnings preview

    Daio Paper's first-quarter profit seen crumpling 80% on costs

    TOKYO -- Japan's Daio Paper is expected to report an 80% year-on-year plunge in consolidated operating profit to about 1 billion yen ($8.98 million) for the April-June quarter, due to soaring recovered-paper costs, a weaker yen and falling Chinese d

    July 25, 2017 02:12 am JST
  • Japan Market Pulse

    After Mercari, where are Japan's unicorns?

    TOKYO -- Flea market app operator Mercari's plan to go public is giving a breath of fresh air to Japan's stock market, but what could become the country's largest IPO for the year also highlights the lack of promising startups to follow in its steps

    July 25, 2017 02:05 am JST
  • Interview

    Reappoint BOJ's Kuroda, says Abe economic adviser

    TOKYO -- Bank of Japan Gov. Haruhiko Kuroda has been an effective communicator of Abenomics and deserves being considered for a second term in office, says Koichi Hamada, the Yale University economist who has advised Prime Minister Shinzo Abe on his

    July 25, 2017 02:05 am JST
  • Earnings preview

    Hulic seen building 20% profit gain in first half

    TOKYO -- Hulic's operating profit apparently climbed 20% on the year for the January-June half as a tight real estate investment market, spurred by low interest rates, handed the developer strong returns on property sales.The Japanese developer look

    July 25, 2017 02:01 am JST
  • Tokyo launches new Olympics initiative -- Telework Day

    TOKYO -- Companies across Tokyo on Monday joined a government-led campaign to promote telecommuting ahead of the 2020 Olympics, which will bring hundreds of thousands of visitors from around the world to the capital.Some 60,000 workers from 927 comp

    July 24, 2017 03:46 pm JST
  • Slumping Abe woos Kishida ahead of cabinet reshuffle

    TOKYO -- Foreign Minister Fumio Kishida is drawing attention ahead of the upcoming reshuffle of cabinet ministers and key posts in the ruling Liberal Democratic Party, as his fate could shape the future of the government.Abe wants the foreign minist

    July 24, 2017 02:14 pm JST
  • Sharp plans to launch high-end TV brand in US

    OSAKA -- Japan-based electronics maker Sharp plans to launch a high-end television brand in the U.S., a company representative said on Monday.The electronics maker has already applied for a trademark for the brand, the representative said. Sales are

    July 24, 2017 02:09 pm JST
  • Collapse of 'safe-haven asset' bubble looms

    TOKYO -- Monetary easing by central banks around the world has now reached a turning point, causing a stir among pension funds and other investors who have so far rushed to bonds and stocks in pursuit of slight returns.With the bubble in prices for

    July 24, 2017 01:45 pm JST
  • Australian regulator investigating Takata air bag recall after death

    SYDNEY (Reuters) -- Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.The Australia

    July 24, 2017 12:04 pm JST
  • Japan's long-term rates glued to the floor

    TOKYO -- For months, Japan's long-term interest rates have stayed near the floor, with the Bank of Japan buying the vast majority of government bonds as part of its ultra-aggressive monetary easing program.The central bank's extraordinary campaign t

    July 24, 2017 10:43 am JST
  • Tokyo stocks open lower as strong yen hurt exporters

    TOKYO (Kyodo) -- Tokyo stocks opened lower Monday as export-oriented issues were hurt by the yen's advance against the U.S. dollar.In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 176.51 points, or 0.88 percent, from Frida

    July 24, 2017 10:33 am JST
  • Abe denies favors for friend amid falling support

    TOKYO (Reuters) -- Japanese Prime Minister Shinzo Abe, his ratings sinking over a suspected cronyism scandal, said on Monday he had never instructed that preferential treatment be given to a long-time friend and that his friend had never lobbied for

    July 24, 2017 10:13 am JST
  • Japan flash manufacturing PMI slows to 52.2 in July

    TOKYO -- The Nikkei Flash Japan Manufacturing Purchasing Managers' Index, or PMI, dropped to an eight-month low of 52.2 in July from 52.4 in June. A reading above 50 signals an improvement, while one below 50 points to a contraction in activity."The

    July 24, 2017 09:30 am JST
  • China's electric-car boom charges up smaller Japan suppliers

    TOKYO -- The fast-growing Chinese market for electric cars is creating new opportunities for small and midsize Japanese parts manufacturers that boast special expertise to address the unique technological challenges of those vehicles. Shigehara has

    July 24, 2017 09:22 am JST
  • Earnings preview

    Nippon Steel profit seen jumping 70% in fiscal 2017

    TOKYO -- Nippon Steel & Sumitomo Metal looks on track to log a roughly 70% surge in pretax profit in the year ending March 2018, buoyed by improved market conditions that have made price hikes possible. Pretax profit is expected to total some 300 bi

    July 24, 2017 04:31 am JST
  • Team Japan eyes all-in-one exports in natural gas power generation

    TOKYO -- Working with the government, Tokyo Gas, Osaka Gas and trading house Mitsui & Co. are trying to join a liquefied natural gas project planned near Manila, offering LNG procurement as part of the package.State-backed Philippine National Oil wi

    July 24, 2017 02:20 am JST
  • Abe's approval rating sinks to 39% as scandals take a toll

    TOKYO -- The approval rating of Prime Minister Shinzo Abe's cabinet has fallen to 39% as the public has grown disillusioned by the Japanese leader beleaguered by a widening cronyism scandal, the latest opinion poll shows.Disapproval jumped 10 points

    July 24, 2017 12:30 am JST
  • Rakuten enlisting Chinese help to challenge Airbnb

    TOKYO -- Fresh from announcing its entry into Japan's home-sharing market, e-commerce giant Rakuten plans to join forces with China's Tujia in hopes of winning more customers.Chinese, who constitute around a quarter of all foreign visitors to Japan,

    July 23, 2017 05:00 pm JST
  • Pro-China groups could undermine Japan-Taiwan ties

    TAIPEI -- An unsettling scene unfolded on the streets of Taipei during a rally commemorating the 80th anniversary of the event that triggered the Second Sino-Japanese War, the infamous Marco Polo Bridge Incident of July 7, 1937. Without warning, a

    July 23, 2017 04:00 pm JST
  • Comment

    Japanese firms need more diverse workforces for successful globalization

    TOKYO -- Softbank Group CEO Masayoshi Son used the word "arbitrage" twice in his speech to the group's shareholders meeting on June 21.Referring to the fact that the group's stock price dropped after it announced its acquisition of British semicondu

    July 23, 2017 02:59 pm JST