Securities firms target elderly customers 7:00 am, February 19, 2018

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  • Securities firms target elderly customers

    TOKYO (Jiji Press) — Japanese securities firms are boosting services to support shukatsu end of life preparations as a marketing strategy to lure elderly customers. Securities firms are aiming to a…

  • Global Economy / Can China achieve modernization as envisioned?

    With the start of his second term, Chinese President Xi Jinping announced his goal of realizing “socialist modernization” by 2035. What would such a country look like? “In 2035, China will hol…

  • Bailey’s Burberry farewell tops fashion week

    LONDON (AP) — Christopher Bailey’s final show as Burberry creative director dominated London Fashion Week on Saturday. Bailey is leaving the popular brand later this year after a 17-year stint th…

  • 56.5% of firms seen raising pay

    TOKYO (Jiji Press) — A Teikoku Databank Ltd. survey showed Friday that the proportion of Japanese companies expecting to offer pay hikes for regular workers in fiscal 2018 came to 56.5 percent, the…

  • Fitch upgrades Greece to ‘B’ rating

    Fitch Ratings raised Greece’s sovereign credit rating by one notch on Friday and said general government debt sustainability would improve on sustained economic growth and reduced political risks. …

  • Tokyo stocks seen firm this week with fewer trading incentives

    TOKYO (Jiji Press) — Tokyo stocks are expected to move on a firm note this week, with the market’s downside underpinned by solid corporate performances in Japan. Last week, the benchmark 225-iss…

  • Abe prioritizes stability in sticking with Kuroda

    Prime Minister Shinzo Abe’s praise for Haruhiko Kuroda suggests he was considering reappointing him early in the selection process for a Bank of Japan governor. Abe previously said, “I have trust …

  • U.S. home construction at highest level since Oct. ’16

    WASHINGTON (AP) — Groundbreakings on new homes jumped 9.7 percent last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale….

  • Japan in Depth / Exit strategy from BOJ’s monetary easing remains unseen

    Bank of Japan Gov. Haruhiko Kuroda, whose reappointment is expected to be approved at the Diet, has persistently implemented a massive monetary easing policy in an effort to raise the nation’s annua…

  • Trump recommended to mull new tariffs on steel, aluminum

    WASHINGTON (Jiji Press) — The U.S. Commerce Department said Friday it has recommended President Donald Trump to consider imposing new tariffs on steel and aluminum imports from all trade partners, i…

  • Pilot shortage puts LCCs in a bind

    Concern is growing over a looming pilot shortage, amid a sharp increase in the number of routes and flights with the emergence of low-cost carriers. Pilots — who ensure the safety of air travel — …

  • Ghosn pledges ‘irreversible’ alliance with Nissan

    PARIS (Bloomberg) — Renault SA’s Carlos Ghosn pledged to cement the French automaker’s partnership with Nissan Motor Co. and Mitsubishi Motors Corp. after agreeing to stay on as chairman and chi…

  • Cheeseburger removed from McDonald’s Happy Meals

    NEW YORK (AP) — McDonald’s is taking cheeseburgers and chocolate milk off its Happy Meal menu in an effort to cut down on the calories, sodium, saturated fat and sugar that kids consume at its re…

  • U.S. says Chinese group can’t buy Chicago Stock Exchange

    U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers thre…

  • Renault green-lights Ghosn for 4 more years, picks No. 2

    PARIS (AFP-Jiji) — French auto giant Renault’s board on Thursday backed a new four-year term for chief executive Carlos Ghosn and set up his succession by naming a number two. “The board decide…

  • Nidec chief to step down after 45 yrs

    KYOTO (Jiji Press) — Nidec Corp. said Thursday that it will promote Executive Vice President Hiroyuki Yoshimoto, 50, to president to succeed Shigenobu Nagamori, in a bid to rejuvenate its managemen…

  • Massive easing here to stay

    Bank of Japan Gov. Haruhiko Kuroda’s reappointment, which the government proposed to the Diet on Friday, is aimed at giving the highest priority to overcoming deflation and stabilizing financial mar…

  • 3% hike in pay easier said than done

    Despite some prodding from the government, it remains unclear if companies will offer to raise wages by 3 percent during annual shunto labor-management negotiations in spring. Labor unions of major c…

  • Aso warns against yen’s rise

    TOKYO (Reuters) — Finance Minister Taro Aso fired on Friday a warning shot against gains in the yen, saying he would respond appropriately to currency fluctuations after the dollar hit a 15-month l…

  • U.S. producer prices rise in Jan., signaling inflation pressures

    WASHINGTON (Reuters) — U.S. producer prices accelerated in January, boosted by gains in the cost of gasoline and health care, offering more evidence that inflation pressures were building up. Whil…

  • Major trading houses on prowl for projects

    TOKYO (Reuters) — The nation’s trading houses are scouting for assets as they enjoy their best profit outlook in six years, driven by higher prices for commodities from metals and coking coal to …

  • U.S. consumer prices jump in January, fuel rate hike fears

    WASHINGTON (AFP-Jiji) — U.S. consumer inflation jumped sharply in the first month of 2018, the government reported Wednesday, spooking global stock markets amid concerns that interest rates will ris…

  • Zuma gives in to pressure, resigns as S. African president

  • Trump shows surprise support for gas tax hike

    COLUMBUS, Ohio (Bloomberg) — U.S. President Donald Trump surprised a group of lawmakers Wednesday by saying he would support a 25-cent per gallon increase in federal gasoline and diesel taxes to he…

  • Hilton books robust earnings on stronger demand in China

  • L.L. Bean sued for ditching return policy

    NEW YORK (Bloomberg) — L.L. Bean Inc. is facing a breach of warranty lawsuit after changing its decades-old lifetime warranty, in what may be the first of many claims over the now-dead policy. The …

  • WTO case eyed over China’s forced technology transfers

    Japan, the United States and the European Union are considering jointly filing a case against China at the World Trade Organization over Chinese rules that effectively force foreign companies to tran…

  • Danone’s $1.8 bil. share sale plan shakes Yakult

    ZURICH (Bloomberg) — Yakult Honsha Co. shares fell the most in 19 months after Danone, the world’s largest yogurt maker, announced plans to sell about $1.8 billion of the Japanese company’s sto…

  • Lexus tops U.S. poll for dependability again

    NEW YORK (Jiji Press) — Toyota Motor Corp.’s Lexus luxury brand ranked top in a dependability survey for the seventh consecutive year, major U.S. market research firm J.D. Power and Associates sa…

  • Powell vows to remain alert to stability risks

    WASHINGTON (AP) — U.S. Federal Reserve Chairman Jerome Powell said Tuesday that the global economy is recovering strongly for the first time in a decade, but the central bank needs to remain alert …

  • Auto unions request ¥3,000 pay-scale hikes

    TOKYO (Jiji Press) — The labor unions of major Japanese automakers submitted wage increase requests to the management side on Wednesday, demanding an effective pay-scale hike of ¥3,000 a month. Wi…

  • Xerox shareholder sues to block Fuji takeover deal

    NEW YORK (Jiji Press) — Darwin Deason, the third-largest shareholder in Xerox Corp., said Tuesday that he filed a lawsuit in New York the same day to prevent Japan’s Fujifilm Holdings Corp. from…

  • Meiji to support Mexico with white cacao saplings

    TOKYO (Jiji Press) — Meiji Holdings Co. will provide farmers in southern Mexico with saplings of rare white cacao, which is grown in the region and used to make high-end chocolate, officials have …

  • McDonald’s Japan posts record profit for 2017

    TOKYO (Jiji Press) — McDonald’s Holdings Co. (Japan) said Tuesday its consolidated net profit more than quadrupled to a record high of ¥24,024 million last year. The growth reflected strong sa…

  • Scandal-hit industrial materials makers expect only limited impact on earnings

    TOKYO (Jiji Press) — Kobe Steel Ltd., Mitsubishi Materials Corp. and Toray Industries Inc. are seeing their recent product data scandals have only a limited impact on their earnings for the year en…

  • Mitsubishi Materials says chairman will resign

    TOKYO (Jiji Press) — Japan’s Mitsubishi Materials Corp. said Tuesday that Chairman Hiroshi Yao, 71, will step aside to become adviser on April 1. Yao is believed to give up the current post to t…

  • Kurumatani to be Toshiba CEO

    TOKYO (Jiji Press) — Toshiba Corp. said Wednesday that it has decided to appoint former Sumitomo Mitsui Banking Corp. Deputy President Nobuaki Kurumatani, 60, as its chairman and chief executive of…

  • Idemitsu names Kito as CEO

    TOKYO (Jiji Press) — Major Japanese oil wholesaler Idemitsu Kosan Co. said Wednesday that Executive Vice President Shunichi Kito will become its chief executive officer on April 1. Takashi Tsukiok…

  • Longest growth streak since bubble

    TOKYO (Reuters) — Japan’s economy posted its longest continuous expansion since the 1980s boom as fourth quarter growth was boosted by consumer spending, moving Prime Minister Shinzo Abe’s reviv…

  • Trump eyes tariffs, quotas on U.S. steel, aluminum imports

    WASHINGTON (Reuters) — U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, incl…

  • Whistleblower alleges manipulation of VIX

    NEW YORK (Reuters) — Wall Street’s most widely followed gauge of future stock market volatility is being manipulated, a law firm representing an “anonymous whistleblower” alleged in a letter …

  • Coincheck submits biz improvement report to FSA

    TOKYO (Jiji Press) — Major cryptocurrency exchange Coincheck Inc. submitted to the Financial Services Agency on Tuesday a business improvement report following the recent theft of ¥58 billion wort…

  • Trump threatens allies with reciprocal tariffs

    WASHINGTON (Jiji Press) — U.S. President Donald Trump expressed willingness Monday to impose “a reciprocal tax” against countries having a trade surplus with the United States, including allies …

  • Coincheck reports to regulators

    TOKYO (Reuters) — Japanese cryptocurrency exchange Coincheck Inc., under pressure to better safeguard investors after the daring theft of $530 million of digital money last month, filed on Tuesday …

  • Tougher rules for cryptocurrencies urged to guard investors

    The huge theft of cryptocurrency from major exchange operator Coincheck Inc. has prompted increasing calls for stronger regulations on virtual currency transactions. Virtual currencies have taken hol…

  • Agricultural export target in doubt

    It is uncertain whether the government will be able to realize its target of exporting ¥1 trillion worth of agricultural, forestry and fishery products in 2019, due to sluggish growth in exports of t…

  • U.S. economic policy rooted in debt

    WASHINGTON (AP) — One clear principle runs through U.S. President Donald Trump’s emerging economic policy: Debt is good. When defending a tax plan or laying out his budget, the man who once calle…

  • Global growth outlook seen intact

    NEW YORK (Reuters) — Wall Street’s solid rebound Monday following a two-week roller-coaster ride preserved investors’ outlook that the global economy remains on a steady growth path, analysts sa…

  • BOJ: Cryptocurrency won’t threaten yen

    TOKYO (Reuters) — Bank of Japan Gov. Haruhiko Kuroda said on Tuesday cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative tradin…

  • Amazon eliminates hundreds of Seattle jobs

    SEATTLE (Bloomberg) — Amazon.com Inc. is cutting hundreds of jobs at its headquarters in Seattle, paring back older departments focused on selling goods online while hiring in newer lines of busines…

  • German court: Facebook use of personal data illegal

    BERLIN (Reuters) — A German consumer rights group said on Monday that a court had found Facebook’s use of personal data to be illegal because the U.S. social media platform did not adequately secu…

  • GM to shut S. Korea plant, more cuts could follow

    DETROIT/SEOUL (Reuters) — General Motors Co. said it will close one of its four plants in South Korea and incur an $850 million impairment charge as part of a restructuring of its money-losing busi…

  • Unilever threatens to cut back online ads over ‘toxic’ content

  • Aso becomes longest-serving postwar finance minister

    TOKYO (Jiji Press) — Taro Aso became the nation’s longest-serving finance minister in the post-World War II period on Monday, as he struggles to pull the country out of deflation and rebuild its …

  • Energy riches fuel bitcoin-mining craze for speculation-shy Iceland

    KEFLAVIK, Iceland (AP) — Iceland is expected to use more energy “mining” bitcoins and other virtual currencies this year than it uses to power its homes. With massive amounts of electricity ne…

  • Takata, injured drivers reach deal to end U.S. bankruptcy

    WILMINGTON, Del. (Reuters) — Takata Corp.’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smooths the way to end its Chapt…

  • Source: Amazon bought camera tech for $90 mil.

    SAN FRANCISCO (Reuters) — Amazon.com Inc. paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the start-up’s energy-efficient chips, peop…

  • Government seeks to boost nightlife to amp up spending among tourists

    To boost spending by foreign visitors to Japan, attention is now focused on “experience-based” consumption, in which foreign tourists spend money on experiences in sightseeing areas, in addition t…

  • Global Economy / Japan a lap behind in using renewable energy

    Power generation amounts (see below) created through renewable energy sources are growing rapidly around the world, largely due to international efforts to combat global warming and a dramatic reducti…

  • India wins piece of Abu Dhabi Oil

    DUBAI (Bloomberg) — India secured a share in Abu Dhabi’s oil production for the first time after agreeing to pay $600 million for a tenth of one of the emirate’s biggest offshore deposits. Sta…

  • Airbus halts deliveries of A320neo

    Airbus has stopped delivering A320neo jets powered by Pratt & Whitney geared-turbofan engines and halted pre-delivery test flights after the latest in a series of problems with the engines, two source…

  • Alibaba eyes 15% stake in Beijing Easyhome

    HONG KONG (Bloomberg) — Alibaba Group Holding Ltd. plans to buy a 15 percent stake in a chain of Chinese home improvement and furniture stores as part of its pushing into “new retail,” the compa…

  • Airbus ordered to pay $99 mil. German fine

    FRANKFURT (Reuters) — German prosecutors have ordered Airbus to pay €81.25 million ($99 million) to settle one of two investigations into alleged corruption surrounding the sale of Eurofighter c…

  • SPD’s Scholz: Germany should not dictate policy to eurozone

    BERLIN (Reuters) — Germany should not dictate economic policies to its eurozone partners, said Social Democrat Olaf Scholz, who is expected to become finance minister in a new coalition government l…

  • Oil majors strike it rich on rising crude prices

    PARIS (AFP-Jiji) — The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikel…

  • IMF chief urges Arab states to slash spending

    DUBAI (AFP-Jiji) — IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaki…

  • Kuroda’s work not done on deflation

    Prime Minister Shinzo Abe is set to reappoint Bank of Japan Gov. Haruhiko Kuroda. The move is thought to have been prompted by Abe’s confidence in Kuroda, 73, as a stable manager of monetary policy…

  • Leaders / Digital revolution to unleash huge change / Decisive leadership in big demand

    Businesses and workers alike are being exposed to tidal waves of change. For this edition of “The Leaders” column, which highlights corporate management and senior executives, The Yomiuri Shimbun…

  • Tokyo stocks expected to remain highly volatile in line with U.S. markets

    TOKYO (Jiji Press) —Tokyo stocks are expected to continue facing high volatility this week, with investors keeping a close tab on movements in U.S. stock prices. Last week, the benchmark 225-issue…

  • Uber agrees to pay Waymo $245 mil.

    SAN FRANCISCO (Bloomberg) — Uber Technologies Inc. agreed to give Waymo about $245 million in closely held stock to cut short a trade-secret theft trial, ending a high-stakes conflict that already c…

  • Wall Street rebounds to end volatile week

    NEW YORK (Reuters) — U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for m…

  • Abe set to reappoint BOJ Gov. Kuroda

    Prime Minister Shinzo Abe is making final arrangements to reappoint Bank of Japan Gov. Haruhiko Kuroda, whose term expires on April 8, sources close to the government said. The bold monetary easin…

  • Robots eyed as tool to combat spills

    DENVER (AP) — Crumbling mine tunnels awash with polluted waters perforate the Colorado mountains, and scientists may one day send robots creeping through the pitch-black passages to study the myster…

  • Citizen Watch falsifies data

    TOKYO (Jiji Press) — Citizen Watch Co. said Friday that an electronic parts unit has sold switches and censors by lying about where they were produced. The company also revealed that the subsidiar…

  • James tries to hit ex-employer Intel where it hurts

    SAN FRANCISCO (Bloomberg) — Former Intel Corp. President Renee James has created a new chipmaker that is producing server computer processors aimed at the most lucrative business of the world’s se…

  • U.S. poll shows AI revolution sparking hope, but also fear

    WASHINGTON (AFP-Jiji) — Americans are torn over the promise of artificial intelligence, a new poll showed Wednesday, expressing broad optimism about the emerging technologies but also fearing their …

  • Eurostar to start direct train from London to Amsterdam

    LONDON (Reuters) — Eurostar, the company that runs trains between London, Paris and Brussels, said it would add Amsterdam to its destination list, bringing the Netherlands into its network for the …

  • Toto worker creates movable toilet system

    Toshihiko Yoshitomi, 36, who works in the Appliances Development Department of Toto Ltd., succeeded in October in developing a movable flushing toilet system — something previously considered diffic…

  • U.S., Israeli drone makers keep wary eye on rising Chinese

    SINGAPORE (Reuters) — Cheaper Chinese military drones are chipping away at U.S. and Israeli domination of the industry, fueling a new race as companies predict a rise in demand especially in region…

  • Wagyu exporter predicts strong demand in 2018

    TOKYO (Bloomberg) — Itoham Foods Inc., the nation’s biggest exporter of premium Wagyu beef, expects shipments to climb to a record as demand from Taiwan is set to triple and exports to Brazil may…

  • Toyota aims to boost sales of pricier trucks in U.S.

    More American buyers are paying up for tricked-out Toyota Motor Corp. trucks, while car shoppers probably don’t need as many models to choose from. So the Japanese automaker is shaking up its lineu…

  • Amazon unveils grocery delivery at Whole Foods

    Amazon is bringing its speedy delivery to Whole Foods. The online retail giant plans to roll out two-hour delivery at the supermarket chain this year to those who pay for Amazon’s $99-a-year Prime …

  • Twitter posts 1st-ever profit

    NEW YORK (AP) — Twitter made money for the first time in its nearly 12-year history, a milestone that satisfied investors in the short term but might not resolve the company’s broader problems any…

  • FSA launches inspections over virtual currencies

    TOKYO (Jiji Press) — The Financial Services Agency has launched on-site inspections of virtual currency exchange operators other than Coincheck Inc., which lost massive customer assets due to hacki…

  • Japan warns May: Firms will leave U.K. if profits threatened

    LONDON (Reuters) — Japan warned Prime Minister Theresa May on Thursday that its companies would have to leave Britain if trade barriers after Brexit made them unprofitable. Japanese firms have spen…

  • Bank of England raises prospect of higher rates

    LONDON (Reuters) — The Bank of England said on Thursday it was likely to raise interest rates sooner and by more than it thought only three months ago, because Britain’s slow-moving economy is get…

  • Market turmoil throws focus on response by new Fed chief

    WASHINGTON (AP) — Wall Street has thrown a rather sour welcoming party for Jerome Powell. On Monday, Powell’s very first day as Federal Reserve chairman, the Dow Jones industrial average suffere…

  • Trudeau pitches Canada as tech jobs haven on trip to U.S.

    SAN FRANCISCO (AP) — Canadian Prime Minister Justin Trudeau brings what some call his “maple charm offensive” to San Francisco on Thursday with a dual agenda: Pitch Canada as a destination for …

  • Tokyo stocks plummet on U.S. woes

    TOKYO (Jiji Press) — Stocks fell back sharply on the Tokyo Stock Exchange Friday in the second severe setback this week, with investor sentiment hurt by another plunge in U.S. equities. The 225-i…

  • Softbank, Aeon to tie up in online shopping

    TOKYO (Jiji Press) — Telecommunications firm SoftBank Corp., Internet portal Yahoo Japan Corp. and retail giant Aeon Co. plan to tie up in online shopping, informed sources said Friday. The tie-up…

  • India fines Google over ‘search bias’

    NEW DELHI (AFP-Jiji) — Google has been fined more than $21 million in India for “search bias” and abuse of its dominant position, competition regulators said Thursday. The U.S. internet giant …

  • 2 years on, negative interest rates deliver mixed results

    Nearly two years after the Bank of Japan introduced negative interest rates, the unconventional policy has produced mixed results. Although Japan’s economy continues to recover moderately, the infl…

  • Optimism, caution greet new L.A. Times owner

    LOS ANGELES (AP) — The struggling Los Angeles Times found a local savior in a biotech billionaire willing to buy the storied newspaper from a corporation half a continent away, but the change of ow…

  • SoftBank in talks for stake in Swiss reinsurance giant

    SEATTLE (Bloomberg) — SoftBank Group Corp.’s Chief Executive Officer Masayoshi Son is warming to an industry that’s long been a favorite of billionaires looking to diversify their business empir…

  • Rabobank to pay $369 million for cover-up in money-laundering case

    SAN DIEGO (AP) — Dutch lender Rabobank’s California unit agreed Wednesday to pay $369 million to settle allegations that it lied to regulators investigating allegations of laundering money from M…

  • Toyota bets on future of taxis with bold investment in ride-hailing app

    TOKYO (Bloomberg) — Toyota Motor Corp. is doubling down on taxis. Seeking a bigger role in defining the future of connected mobility, Asia’s biggest automaker is investing an additional ¥7.5 b…

  • Back to Earth: Tesla’s losses balloon on Model 3 delays

    The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company’s mounting losses brought him back to Earth again. Tesla Inc. posted a record quarterly…

  • Nikkei makes further gains as volatility starts to ebb

    TOKYO (Jiji Press) — Stocks gained further ground on the Tokyo Stock Exchange Thursday, buoyed by a bout of purchases after the recent sharp falls. The 225-issue Nikkei average gained 245.49 poin…

  • Additional data fraud found at Mitsubishi Materials units

    TOKYO (Jiji Press) — Mitsubishi Materials Corp. said Thursday it has found additional cases of product data falsification involving three of its subsidiaries, two of which were newly found to have …

  • Current account surplus logs in at 10-year high

    TOKYO (Jiji Press) — The current account surplus grew to a 10-year high in 2017 on a record surplus in travel services and higher dividend and interest income from abroad, government data showed on…

  • Tokyo stocks end slightly higher after rebound

    TOKYO (Jiji Press) — Stocks ended slightly higher on the Tokyo Stock Exchange Wednesday, after staging a sharp rebound in tandem with U.S. equities. The 225-issue Nikkei average rose 35.13 points…

  • SoftBank plans Japan phone unit IPO as Son shifts focus

    TOKYO (Bloomberg) — SoftBank Group Corp.’s Masayoshi Son unveiled plans for an initial public offering of his domestic telecom operation, signaling the evolution of his business empire and his inc…

  • Oji to make Mitsubishi Paper an affiliate

    TOKYO (Jiji Press) — Oji Holdings Corp. said Tuesday that the Japanese paper industry leader will make Mitsubishi Paper Mills Ltd., ranking sixth in the industry, an affiliate through additional sto…

  • Firms see biz opportunity in ‘tasty, low-salt’ foods

    NAGOYA (Jiji Press) — Japanese supermarket operators and food makers are striving to develop demand for “tasty and low-salt” food products in response to an increase in health-conscious consume…

  • Real wages see 1st fall in 2 yrs on price growth

    TOKYO (Jiji Press) — Japanese real wages fell for the first time in two years in 2017, hurt by price growth, a government report said Wednesday. The real wage index declined 0.2 percent from the …

  • Japan Post’s union to seek equal pay for equal work

    TOKYO (Jiji Press) — The Japan Postal Group Union, the biggest corporate labor union in Japan, will request equal pay for equal work in this year’s shunto spring wage negotiations, informed sourc…

  • Forex reserves up for 3rd straight month

    TOKYO (Jiji Press) — Japan saw an increase in its foreign exchange reserves for the third straight month in January, the Finance Ministry said Wednesday. As of the end of January, the external re…

  • MGM Resorts sets sights on Osaka

    OSAKA (Jiji Press) — James Murren, chairman and chief executive officer of major U.S. casino operator MGM Resorts International, on Tuesday expressed the firm’s hope to open an integrated resort …

  • Mitsubishi: No need for 6th MRJ delay

    TOKYO (Jiji Press) — Mitsubishi Heavy Industries Ltd. sees no need for postponing again the first delivery of its planned small passenger jet, Shunichi Miyanaga, president and chief executive offic…

  • JT sees net profit fall 6.9% in 2017

    TOKYO (Jiji Press) — Japan Tobacco Inc. said Tuesday that its group net profit in 2017 fell 6.9 percent from the previous year to ¥392,409 million due in part to a slump in domestic tobacco sales…

  • China demands U.S. compensation talks

    GENEVA (Reuters) — China has sent the United States a demand for talks on compensation for steep U.S. tariffs imposed on imported solar panels and washing machines, World Trade Organization filings…

  • U.S. trade deficit increases to 9-year high on robust imports

    WASHINGTON (Reuters) — The U.S. trade deficit widened more than expected in December to its highest level since 2008, as robust domestic demand pushed imports to a record high, adding to the stiff h…

  • Canada’s trade deficit unexpectedly balloons

    OTTAWA (Reuters) — Canada’s trade deficit unexpectedly ballooned to C$3.19 billion ($2.55 billion) in December as imports grew faster than exports for the second month in a row, data from Statist…

  • Trump tax cuts a boon to foreign automakers

    SOUTHFIELD, Mich. (Bloomberg) — Tax cuts signed by an America First president are turning out to be a major boon to some of the world’s biggest automakers — except those based in the United Stat…

  • Gold demand hits 8-year low in 2017

    LONDON (AFP-Jiji) — Gold demand slid to an eight-year low point in 2017, an industry body said on Tuesday, as investors switched to riskier assets such as stock markets. Global annual demand fell …

  • British car output falls for 1st time since 2009

    LONDON (Reuters) — British car production fell last year for the first time since 2009 and investment slumped by a third as uncertainty over Brexit cut domestic demand and companies’ new spending…

  • Study: Switzerland, U.S. most secretive financial centers

    FRANKFURT (Reuters) — Switzerland and the United States are the most secretive major financial centers in the world, according to a global ranking compiled by a group campaigning for more transpar…

  • Tokyo stocks dive after U.S. sell-off

    TOKYO (Jiji Press) — The benchmark Nikkei average plunged over 1,000 points on the Tokyo Stock Exchange Tuesday, battered by a wave of selling by investors who became risk-averse after an overnight …

  • Powell sworn in as new Fed chair amid stock market sell-off

    WASHINGTON (AP) — Jerome Powell was sworn in Monday as the 16th chairman of the Federal Reserve on what turned out to be a turbulent day for Wall Street, with the Dow Jones industrial average plungi…

  • Investors lick their wounds, hunt amid overdue sell-off

    It had been a long time coming. The speed of Monday’s jaw-dropping sell-off on Wall Street had traders and investors bumped and bruised. But few seemed surprised that a pullback had actually happen…

  • N. Korean hackers ‘possibly behind Coincheck heist’

    SEOUL (Reuters) — South Korea’s intelligence agency told lawmakers North Korean hackers could have been behind the $530 million theft of virtual coins from a Japanese cryptocurrency exchange last …

  • Electronics makers see operating profit growth

    TOKYO (Jiji Press) — Six of seven major electronics makers posted year-on-year growth in group operating profits in April-December 2017, according to their earnings reports released by Monday. The …

  • Oil prices fall more than 1%

    SINGAPORE (Reuters) — Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intr…

  • Toyota posts 54% jump in Q3 profit, lifts full-year forecast

    TOKYO (Reuters) — Toyota Motor Corp. lifted its full-year profit forecast by 10 percent on Tuesday after posting its best quarterly operating profit in two years, boosted by a weaker yen and strong …

  • SpaceX to launch ‘world’s most powerful rocket’

    MIAMI (AFP-Jiji) — SpaceX is poised for the first test launch Tuesday of its Falcon Heavy, which aims to become the world’s most powerful rocket in operation, capable of reaching the moon or Mars …

  • Venezuela declares 99.6% devaluation of official forex rate

    CARACAS (Reuters) — Venezuela’s central bank on Monday announced a devaluation of more than 99 percent of its official exchange rate with the launch of a new foreign exchange platform, a move crit…

  • Lockheed, Rheinmetall team up to bid for German helicopter order

    BERLIN (Reuters) — U.S. arms manufacturer Lockheed Martin Corp. and German peer Rheinmetall AG said they will team up to compete for a contract valued at around €4 billion ($4.9 billion) to suppl…

  • U.K., U.S. banks ban Bitcoin buying with credit cards

    LONDON (Reuters) — Banks in Britain and the United States have banned the use of credit cards to buy Bitcoin and other “cryptocurrencies,” fearing a plunge in their value will leave customers un…

  • Google spinoff, Uber begin trial on trade secrets

    SAN FRANCISCO (AP) — An epic court battle between Uber and a Google spinoff, centered on the alleged theft of self-driving car technology, began with accusations of sinister plots and other devious…

  • Australia taps Tesla for virtual power plant plan

    SYDNEY (Bloomberg) — South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power pla…

  • Toyota retools for kaizen overhaul

    TOKYO (Bloomberg) — Over decades, Toyota Motor Corp. built a corporate culture that was the envy of the manufacturing world. Now the auto industry’s most-emulated company is overhauling the way it…

  • Nissan to pump $9.5 bil. into China in bid for top 3 spot

    BEIJING (Reuters) — Nissan Motor Co. plans to invest 60 billion yuan ($9.5 billion) in China over the next five years with its joint-venture partner as it seeks to become a top three automaker in th…

  • Samsung heir to be released with suspended jail sentence

    SEOUL (AP) — A South Korean appeals court Monday handed down a 2½-year suspended jail sentence for corruption to Samsung heir Lee Jae Yong, clearing the way for him to be freed after nearly a year …

  • Tokyo stocks drop on Wall Street plunge

    TOKYO (Jiji Press) — Stocks fell sharply on the Tokyo Stock Exchange Monday on the heels of a plunge in U.S. equities late last week, pushing down the benchmark Nikkei average below 23,000 to the l…

  • Yellen disappointed not to get 2nd term as Fed chair

    WASHINGTON (AP) — Janet Yellen said she was disappointed that U.S. President Donald Trump didn’t offer her a second term as Federal Reserve chair, but supports her central bank successor, Jerome P…

  • China raps U.S. plans to expand nuclear capabilities

  • Tokyo stocks seen solid, supported by Japanese firms’ rosy earning reports

  • Yellen lands new job at Brookings Institution

  • Deutsche Bank blames loss on U.S. tax reforms

  • U.S. stocks swoon, sinking Dow by more than 650 pts

  • TEPCO battles on to supply power

  • Fed bans Wells Fargo from getting bigger after scandals

  • Honda to post ¥1 tril. net profit

  • ¥6 tril. return for pension fund

  • Major banks struggling in core business

  • Trudeau takes tough approach on NAFTA

  • Swiss sanction Gazprombank over Panama Papers leak

  • Airlines tighten leash on emotional support animals

  • Digital camera sales pick up as young seek to improve their Instagram game

  • Ferrari turns to hybrids, SUVs in bid to double profits by ’22

  • Kobe Steel projects 1st net profit in 3 years

  • Alphabet suffers loss, names new chairman

  • Yoshida lands Sony CEO post

  • Amazon posts its largest ever profit

  • BOJ conducts 1st unlimited JGB-buying in 7 months

  • German strikes threaten to slice VW, Ford revenue

  • New auto sales fall in Jan. for 4th straight month

  • Court deals Trump blow in feud with consumer watchdog

  • Canada’s PM thinks U.S. won’t pull out of NAFTA

  • Microsoft takes one-off loss as cloud business steadily grows

  • Facebook earnings up as changes bring stock price swings

  • Uber plots expansion in Japan, risks tension with SoftBank

  • U.S. Fed leaves rates unchanged

  • That’s a Switch: Nintendo sees better outlook

  • Imported white-meat fish hooks bigger slice of market

  • Moving service cancellation fees up

  • Elite Suntory whiskey sells for record $298,000

  • Trump calls for optimism in spite of danger

  • Line to launch cryptocurrency exchange

  • ‘Strange cafe’ to open in Shibuya

  • Facebook bans ads tied to virtual currencies

  • All major power firms to raise rates

  • Oisix.daichi to buy food delivery rival

  • Yamato secures net profit on fee hikes

  • JP to set up firm for investment funds

  • NEC to cut 3,000 jobs

  • Xerox reaches deal ceding control to partner Fujifilm

  • Industrial production hits post-Lehman high in Dec.

  • 25 yrs since debut, electric bicycles still in demand

  • Automobile output up for 1st time in 3 years

  • Robust labor demand bolsters outlook for pay hikes, inflation

  • Taiwan seeks compensation for U.S. tariffs

  • ROK finds about $600 mil. in illegal cryptocurrency trade

  • SEC halts AriseBank’s initial coin offering, alleges fraud

  • Apple under investigation in U.S. over slow iPhones

  • Amazon opens its own rainforest in Seattle

  • Blackstone bets big with Thomson Reuters deal

  • Amazon, Berkshire, JPMorgan partner to cut health care costs

  • German automakers face heat over pollutant tests on monkeys, humans

  • U.K. economy will be ‘worse off’ after Brexit

  • Bottom’s up: Coffee giant Keurig makes deal for Dr Pepper Snapple

  • EasyJet CEO cuts pay to match female predecessor

  • Musk’s flamethrower sees hot sales

  • Fading hopes for iPhone X bite into Apple stock

  • Beloved products reach milestone anniversaries

  • Renault-Nissan group edges VW as top-selling carmaker

  • Job availability hits highest rate in 44 years

  • FSA slaps Coincheck with business improvement order

  • Rakuten eyes entry into nonlife insurance

  • Ministry to review smartphone services

  • Trump security team mulls building govt 5G network

  • U.S. lawmakers at NAFTA talks express optimism

  • Australia plans to become leading arms exporter

  • Cybercriminals are targeting U.S. ATMs, makers warn

  • ‘Mr. Ordinary’ to take on mystery of U.S. economy

  • Cosmetic companies promote contract staff to regular workers

  • Regional banks raising service fees

  • Canada sees progress on NAFTA talks

  • JR East chooses new president

  • German union IG Metall to stage walkouts

  • EU launches $1.2 billion supercomputing plan, without Britain

  • Euro banks, start-ups duel in ‘war for talent’

  • A new 3-D image projected into thin air

  • Floating car born from tsunami

  • Leaders / World changes, our challenges continue / Absolutely anything could happen now

    Fast Retailing Co. is rapidly expanding Uniqlo overseas. How will the company compete in a fast-changing industry? For this edition of “The Leaders” column, which highlights corporate management …

  • Tokyo stocks seen vulnerable to foreign exchange rate moves this week

  • Bombardier gets win as panel rejects Boeing

  • Foreign workers in Japan hit record high

  • Mitsubishi Aircraft faces 1st MRJ order cancellation

  • U.S. GDP records 2.6% growth in 4th quarter

  • Britain’s GDP up 0.5%

  • Kuroda says inflation finally close to target

  • Nippon Paint shopping for acquisitions

  • May looks to keep Britain on global map at Davos

  • U.S. panel deals blow to heated tobacco device

  • Socially responsible investing makes gains in Trump era

  • Top China smartphone maker targets Japan market

  • S. Korea hits back at U.S. tariffs at WTO

  • Beef imports post meaty gains in 2017

  • Japan urges for early implementation of TPP

  • Trump deviates from Mnuchin on currency

  • Fujitsu to sell mobile unit

  • U.S. airline shares fall as investors fret over capacity

  • Ramen chain Ippudo aims for 100 U.S. outlets

  • Trump: U.S. could mull return to TPP

  • Consumer prices post 1st rise in 2 years

  • Sudden cold wave forces TEPCO to scramble for power supplement

  • Rakuten teams with Wal-Mart over online groceries, e-books

  • Mnuchin welcomes weak dollar

  • Wheels set in motion for bus driver exchanges amid worker shortages

  • GE reports massive loss, faces probe of insurance writeoff

  • Toys R Us plans to close 182 U.S. stores

  • Kushners stop seeking China cash for N.J. plan

  • Pilot of JAL turnaround to step down

  • Working Today / Juggling jobs to make the most of their strengths

  • 11 TPP countries to sign in March / Significant steps made after U.S. pullout

  • Trade surplus stays in the black at ¥2.9 tril.

  • Department store sales crept up 0.1% in 2017

  • Crude steel output down for 3rd year

  • Japan starts 1st truck-platooning test

  • Business leader Mimura hopes for more India opportunities

  • Sony shares fall as JPMorgan questions bull case for image sensors

  • Fishers urged to avoid small bluefin tuna

  • Seven & i buys U.S. convenience stores

  • Tokyo Gas to promote Uchida to president

  • Shimizu next Nippon Life Insurance head

  • Canadian NAFTA negotiator declares ‘high hopes’ for talks

  • Insolvent airline Niki to be sold to founder

  • Disney to pay bonuses, expand education funding

  • Australia sells more wine to China as tariffs shrink

  • China’s drive to replace coal with gas pushes LNG imports to record high

  • Sugar imports drop

  • S. Korea to ban cryptocurrency traders from using anonymous bank accounts

  • 2020 primary balance deficit may widen to ¥10.8 trillion

  • BOJ to keep up stimulus amid steady inflation expectations

  • IMF revises up growth estimate for Japan

  • Brain power pays off for Japan with growing intellectual property exports

  • Tokyo condo unit price hits 27-year high

  • Japan convenience store sales down for 1st time in 3 yrs

  • Motegi emphasizes human resources

  • Paris to get Google AI research center

  • Indian oil ministry seeks lower tax

  • Trump slaps steep tariffs on imported washers, solar panels

  • Greece gets fresh cash to move beyond bailout

  • Spanish, Greek bonds shine after ratings lifted

  • China calls United States real threat to global trade system

  • Tiberius to jump into cryptocurrencies with digital coin backed by metals

  • Nordea’s Bitcoin ban leaves financial regulator taking back seat

  • Nikkei closes above 24,000 for 1st time in over 26 years

  • Working Today / Workers returning to old employers drive innovation

  • Adult diapers popular in Asia

  • Canadian demands hold back TPP deal

  • Tighter rules prompt wineries to review indications

  • Govt submits fiscal 2018 budget plan to lawmakers

  • Rocket launched in N.Z. deploys satellites

  • Amazon’s automated store opens to public

  • Working Today / Career changers forgo stability for challenges in new fields

  • Oxfam to focus on wealth gap at upcoming economic forum

  • Annual spring pay talks kick off

  • Aso vows to restore fiscal health

  • Working Today / Entrepreneurship on the rise among students

  • Global Economy / ECB’s ‘Super Mario’ to be tested this year

  • NAFTA future uncertain going into 6th round of talks

  • Tough proposal to Nippon Paint

  • Govt to step up war on farm brands / Aims to cut off unauthorized use of varieties

  • Macron warns U.K. can’t keep full access to EU

  • Shutdown divides services into essential and non-essential

  • Leaders / Companies must change, or they will vanish

  • U.S. ‘mistakenly backed’ China WTO accession

  • Working Today / Retraining offers new lease on life

  • IEA: U.S. oil output seen outpacing Saudis, Russia

  • Toyota to spend €400 mil. in France

  • Yamaha admits wrong bike fuel data

  • Kawasaki eyes train car deal for N.Y. subway

  • Emirates throws Airbus A380 a lifeline with $16 billion deal

  • IBM returns to growth

  • Icahn: Xerox-Fujifilm deal needs reworking

  • SoftBank now largest Uber shareholder as deal closes

  • Economic view upgraded for 1st time in 7 months

  • China criticizes U.S. move on counterfeit goods

  • Tap and donate: Paris church accepts contactless payments

  • Ghosn hints he may step down from CEO role at Renault SA

  • Working Today / When motivation is as high as ever, age becomes just a number

  • Sony’s aibo revived after 12 years

  • New ‘aibo’ model debuts

    Sony Corp. announced Wednesday that it is scheduled to release a new doglike “aibo” robot on Jan. 11, 2018. As production of the previous “AIBO” model ended in 2006, the new robotic dog marks…

  • The cars are the stars

    Vintage cars are lined up at the Automobile Council 2017 on Friday in Mihama Ward, Chiba. The event, which ends Sunday, features over 100 cars — making it a great place for enthusiasts to get up clo…

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