Airport export co-op to aid business recovery
A cooperative to provide agent services for the export of agricultural, forestry and fishery products from areas in the Tohoku region that were devastated by the Great East Japan Earthquake will be e...
Business
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Hershey rejects $22 bil. Oreo maker Mondelez takeover offer
NEW YORK (AP) — Hershey on Thursday rejected a takeover offer from Oreo maker Mondelez that would bring some of the world’s best known cookies and chocolates under one company.
It confirmed rece...
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Job opening-to-seeker ratio rewrites 24-year high
TOKYO (Jiji Press) — The nation’s ratio of job openings to job seekers inched up to another 24-year high in May, while the nation’s unemployment rate stayed flat in the month, government data s...
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N. America heads defend free trade
OTTAWA (AP) — The leaders of the United States, Canada and Mexico pushed back Wednesday on calls for walling off their nations from free trade, arguing that more commerce with the outside world is i...
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Kellogg’s cereal cafe to snap, crackle and pop into N.Y.
NEW YORK (Reuters) — Kellogg Co. is offering a grrrr-eat new spot for cereal lovers, with the opening of its first cereal cafe in New York City’s Times Square, the company said Wednesday.
The m...
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OECD kicks off meeting in Kyoto on tax avoidance
KYOTO (Jiji Press) — Senior tax officials from Organization for Economic Cooperation and Development member countries began their two-day meeting in Kyoto on Thursday to tighten measures against in...
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Hollande takes aim at City in euro clearing threat
LONDON (Bloomberg) — The City of London is facing the first direct threat to its role as Europe’s dominant financial center as French President Francois Hollande takes aim at a key pillar of the B...
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Consumer confidence tumbles after U.K. vote
LONDON (Reuters) — Confidence among British consumers fell sharply in the days after the country decided to leave the European Union, according to a survey published on Thursday that gave a first g...
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Investors vocal at scandal-hit firms
Wednesday marked a peak time for this year’s general shareholders meetings among major listed firms in the nation, with severe criticisms voiced one after another toward the management of companies ...
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68% of firms skip peak day to encourage attendance
Fewer than one-third of firms that settle their accounts in March, or 32.2 percent of them, held their general shareholders meetings on Wednesday, the peak day for such events. According to a survey...
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Sony to relaunch robot business
TOKYO (Jiji Press) — Sony Corp. has said that it will restart its robot business following a 10-year hiatus after the nation’s electronics maker ended the production of AIBO dog-like robots in 2...
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Toyota recalls 3.37 mil. cars worldwide
WASHINGTON/TOKYO (Reuters) — Toyota Motor Corp. has recalled 3.37 million cars worldwide over possible defects involving air bags and emissions control units.
The automaker on Wednesday said it wa...
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U.K. vote sends tourists flocking to London
PARIS (Bloomberg) — By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on th...
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Votes of 2 Idemitsu groups key to Showa Shell merger
The founding family of Idemitsu Kosan Co. (see below) has stated its opposition to merging with Showa Shell Sekiyu K.K. (see below), but executives at both firms say the plan is salvageable, and hope ...
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Starwood begins managing hotel run by military in Cuba
HAVANA (AP) — American hospitality giant Starwood began managing a hotel owned by the Cuban military on Tuesday, opening one of the biggest holes in the U.S. trade embargo on Cuba since Presidents ...
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Govt, BOJ reaffirm effort to maintain market stabilization
TOKYO (Jiji Press) — The government and the Bank of Japan held Wednesday their second emergency meeting since Britain’s decision in a referendum last week to exit the European Union, reaffirming ...
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Brexit concerns shown at shareholders meetings
Many listed firms held their general shareholders meetings for this year on Wednesday, amid concerns over the stronger yen following Britain’s decision to leave the European Union in a national ref...
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Moody’s cuts outlook for 12 U.K. lenders
NEW YORK (Bloomberg) — Moody’s Investors Service lowered the outlook on 12 British lenders, including Barclays PLC and HSBC Holdings PLC, after predicting last week’s vote to exit the European ...
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Vodafone weighs post-Brexit move to keep access to Europe
LONDON (Bloomberg) — Vodafone Group PLC, weighing the impact of the British vote to quit the European Union, said it will consider moving its headquarters elsewhere unless the country negotiates con...
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Merger plan for giant Europe bourse in limbo
FRANKFURT/LONDON (Reuters) — Germany’s financial market regulator delivered a double blow to London on Tuesday, saying it could not host the headquarters of a planned European stock exchange gia...
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Tokyo stocks soar after overseas rebounds
TOKYO (Jiji Press) — Stocks rose sharply on the Tokyo Stock Exchange on Wednesday, backed by solid purchases of issues with large market capitalization following overnight rebounds of U.S. and Euro...
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IKEA recalls 36 mil. chests, dressers
WASHINGTON (Reuters) — Swedish furniture retailer IKEA Group is recalling almost 36 million chests and dressers in the United States and Canada that have been linked to the deaths of six children, ...
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Govt eyes help for small firms in stimulus plan after Brexit
TOKYO (Reuters) — Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economic and Fi...
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JGB yield hits record low amid falling interest rates
TOKYO (Jiji Press) — The key 10-year Japanese government bond yield fell to a record low of minus 0.230 percent in Tokyo trading Tuesday, as bonds are attracting safe-haven demand globally in the a...
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Idemitsu family opposes merger
TOKYO (Jiji Press) — The founding family of oil wholesaler Idemitsu Kosan Co. said at a general shareholders’ meeting Tuesday that it will oppose a business integration between the company and ri...
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VW’s U.S. tab said to grow to $15 bil.
WASHINGTON (Bloomberg) — Volkswagen AG’s price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion — $5 billion more than previously...
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BOJ supplies $1.48 bil. after Brexit vote
TOKYO (Jiji Press) — The Bank of Japan on Tuesday offered to provide dollar funds to financial markets for the first time since Britain’s vote last week to leave the European Union. As global f...
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Brexit boon seen for cities poaching from London
LONDON (Bloomberg) — Thousands of jobs at London’s largest financial institutions are at risk of leaving the country after the U.K. voted to exit the European Union. The cities most likely to reap...
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Takata chairman hints at resigning
TOKYO (Jiji Press) — Takata Corp. Chairman and Chief Executive Officer Shigehisa Takada at a general shareholders meeting on Tuesday signaled his readiness to step down after paving the way for the...
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Nikkei edges up in volatile trade
TOKYO (Jiji Press) — The benchmark Nikkei average ended an unstable session slightly higher on the Tokyo Stock Exchange on Tuesday, helped by continued buybacks after Friday’s tumble attributed t...
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U.K. credit ratings downgraded
LONDON (Reuters) — Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week’s vote to leave the Europ...
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South Korea cuts growth outlook
SEOUL (AP) — South Korea’s government lowered its growth outlook for Asia’s fourth-largest economy and planned a supplementary budget for a second year in a row as the global economy faces heig...
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Li: Brexit ups global uncertainty
TIANJIN, China (Reuters) — Britain’s vote to leave the European Union has increased uncertainty in the global economy, and China hopes for a united and stable EU and a prosperous United Kingdom, C...
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Brexit puts British airlines’ EU flight agreements at risk
LONDON (AFP-Jiji) — Britain’s vote to leave the EU could open a period of turbulence for the country’s airline industry, which has soared under the EU’s Single European Sky system over the la...
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My Japanology / Starting from boyhood play in Yokohama
These days, kids grow up with technology gadgets such as smartphones, and are exposed to virtual reality on the screen. Adults might think that our children are no longer playing with toy cars. Howeve...
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BRICS nations look to set up credit-rating firm
NEW DELHI (Bloomberg) — The BRICS nations are looking to set up a new credit-rating company in an effort to break the dominance of the big three developed-nation firms. Seeking to lower borrowing ...
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Tokyo stocks rally after shock
TOKYO (Jiji Press) — Tokyo stocks bounced back sharply on Monday thanks to buybacks following Friday’s plunge prompted by Britain’s national referendum in which a majority of voters opted for t...
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Panama Canal reopens wider
PANAMA — The Panama Canal, a key lane for sea transportation that connects the Atlantic and Pacific oceans, reopened Sunday after completing construction for its expansion.
With the expansion, lar...
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BHP lifts exploration spending
SYDNEY (Reuters) — BHP Billiton said on Monday it plans to boost its exploration budget by 29 percent to around $900 million next year, as the global miner counts on new finds of oil and copper to ...
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U.K. Treasury tries to calm markets
LONDON (AP) — U.K. Treasury chief George Osborne sought Monday to ease investor concerns about Britain’s vote to leave the European Union, saying the U.K. economy is as strong as it could be to f...
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Line struggles to show growth plan can work
TOKYO (Reuters) — In delaying its IPO by two years, messaging app company Line Corp. bought time to correct weak financial reporting controls, work on its business plan, and bolster staffing — an...
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U.K. financial sector reels after vote
LONDON (Reuters) — Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval ...
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Ratings firms: U.K. at risk of downgrade
LONDON (Reuters) — Ratings agency Moody’s said Britain’s creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to s...
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G-7 vows to cooperate for market stability after U.K. referendum
TOKYO (Jiji Press) — Top financial officials of the Group of Seven major industrial nations issued a joint statement Friday showing their determination to keep closely cooperating to stabilize fina...
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AIIB approves 1st loans
BEIJING (AFP-Jiji) — The China-backed Asian Infrastructure Investment Bank (AIIB) approved its first four loans totaling over half a billion dollars, it announced Friday, as it joined forces with p...
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World stocks tumble over Brexit
NEW YORK (Reuters) — Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low ...
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Brexit-sparked yen surge worries small businesses
The British public’s decision to leave the European Union sent a shock through Japan, causing a sharp rise in the yen’s exchange rate and a fall in stock prices. It is possible that the shock wave...
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Travel firms in wait-and-see mode
Travel companies in Japan remain uncertain of how Britain’s departure from the European Union will impact them. Unlike Germany, France and some other nations, Britain has not signed the Schengen A...
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New Shinkansen to be introduced on Tokaido Line
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Dollar briefly plummets below ¥100 on Brexit vote
TOKYO (Jiji Press) — The dollar briefly plummeted below ¥100 in Tokyo on Friday, breaching the key threshold for the first time in two years and seven months, as Britain voted to leave the Europea...
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Aso concerned about risks
TOKYO (Jiji Press) — Finance Minister Taro Aso on Friday expressed strong concerns about possible risks to the global economy and financial markets after Britain voted to leave the European Union. ...
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Nikkei dives to 20-month low
TOKYO (Jiji Press) — Tokyo stocks nose-dived on Friday on a flurry of selling prompted by news that Britain has voted to exit from the European Union, with the benchmark Nikkei average sliding belo...
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Carmakers fret over Brexit doubt
BEIJING (Reuters) — Executives at Asian automakers with factories in Britain, largely set up to export to the European Union, say they could slow investments in Britain or pause them for now, after...
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Central banks pledge action to ensure stability
TOKYO (Bloomberg) — Central banks across the world pledged to take action as needed to avert any breakdown in financial-market liquidity, with some already taking some steps in the aftermath of the...
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Dollar briefly falls below ¥100
A monitor in Tokyo indicates the yen-dollar exchange rate as the dollar temporarily plunged to ¥99 at 11:43 a.m. Friday, following the latest news of Britain’s national referendum on leaving the Eu...
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U.S. homes sell at strongest pace since 2007
WASHINGTON (AP) — Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade. Sales of existing homes rose 1.8 percent last m...
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IMF predicts lower U.S. growth
WASHINGTON (AP) — The International Monetary Fund downgraded its forecast for the U.S. economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave ...
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Concerns over yen’s rise growing as U.K. vote starts
TOKYO (Bloomberg) — Even the head of Japan’s stock exchange is getting worried about the yen.
The currency, bourse head Akira Kiyota said this week, may strengthen to 100 per dollar if Britain ...
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G-7 to issue statement if Britain leaves EU
TOKYO (Reuters) — Group of Seven finance leaders will issue a statement stressing their readiness to take all necessary steps to calm markets if Britain votes to exit the European Union, government...
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Sharp shareholders approve acquisition by Hon Hai
OSAKA (Jiji Press) — Shareholders of Sharp Corp. on Thursday approved the planned acquisition of the struggling Japanese electronics maker by Taiwan’s Hon Hai Precision Industry Co. The sharehol...
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Uber resists driver fingerprint checks
DETROIT (AP) — Hailing a ride with a smartphone app in many U.S. cities is coming down to a fight over fingerprints.
Following incidents where Uber drivers were found to have criminal records, a ...
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Traders wait all night for Brexit vote
LONDON (Bloomberg) — Enda Homan is going to pull an all-nighter — and he can hardly wait.
The senior foreign-exchange trader at Allied Irish Banks PLC in Dublin will be glued to his screens thro...
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Toshiba chief vows to regain trust
TOKYO (Jiji Press) — Toshiba Corp. President Masashi Muromachi vowed Wednesday to boost efforts to regain trust in the Japanese electronics and machinery giant after its accounting scandal.
“We...
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Nissan’s Ghosn paid ¥1.07 billion in FY 2015
YOKOHAMA (Jiji Press) — Nissan Motor Co. President Carlos Ghosn said Wednesday he received a total of ¥1.07 billion in compensation from the major automaker in fiscal 2015, which ended in March. ...
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MMC sees 1st loss in 8 years amid scandal
TOKYO (Bloomberg) — Mitsubishi Motors Corp. forecast its first loss in eight years after setting aside compensation costs related to manipulating fuel-efficiency ratings and falsifying test data.
...
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Gurunavi site sharing info with TripAdvisor
Online restaurant information provider Gurunavi Inc. has started providing data on 350,000 restaurants in Japan to TripAdvisor, one of the world’s largest travel review websites, which boasts 340 m...
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Economy ‘at standstill’ for big firms
About 80 percent of major companies believe the current domestic economy is “at a standstill,” according to a Yomiuri Shimbun survey of business sentiment.
Conducted on 117 firms, the survey reve...
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JP Bank facing challenge due to negative rates
SAITAMA (Jiji Press) — Japan Post Bank President Norito Ikeda said Tuesday that the business environment surrounding the bank is “extremely severe” due to impacts of the Bank of Japan’s negat...
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Germany targets VW ex-CEO in probe of diesel disclosure
BERLIN (Bloomberg) — German prosecutors are looking at whether former Volkswagen AG Chief Executive Officer Martin Winterkorn was too slow to tell investors about the potential cost of the diesel-em...
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Report calls for increases in exports of services
TOKYO (Jiji Press) — Japan needs to beef up exports of services on top of industrial goods, the government said in an annual report Tuesday. The share of Japan’s services exports in the economy ...
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Nissan to sue Brexit campaign for logo use in flyer
LONDON (Reuters) — Nissan said it would take legal action against the official campaign for Britain to leave the European Union after the group used the Japanese carmaker’s logo in leaflets calli...
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MMC minicars’ fuel efficiency 11% lower than reported
TOKYO (Jiji Press) — The fuel economies of the four Mitsubishi Motors Corp. minivehicle models for which related data have been manipulated were found to be about 11 percent lower on average than t...
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Wal-Mart to sell Chinese online business to JD.com
NEW YORK (AP) — Wal-Mart is selling its Chinese online business to the country’s No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lu...
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Power firms mull extending life of old N-reactors
The Nuclear Regulation Authority’s approval Monday to extend the operation period of nuclear reactors in Fukui Prefecture has been welcomed by major power companies. The move paves the way for nucl...
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Japan embassy promotes Japanese foods in Washington
WASHINGTON (Jiji Press) — The Japanese embassy in Washington is striving to promote Japanese foods, part of efforts to boost food exports from Japan to take advantage of the Trans-Pacific Partnersh...
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Japan returns to trade deficit in May
TOKYO (AFP-Jiji) — Japan fell into a trade deficit in May, the first since January, the Finance Ministry said Monday, as renewed yen strength pressured exports.
Japanese exports fell for all major ...
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Tokyo stocks rise as Brexit fears recede
TOKYO (Jiji Press) — Tokyo stocks rose sharply and the dollar advanced against the yen on Monday, amid receding investor concerns over Britain’s possible exit from the European Union, or Brexit. ...
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Shale producers eye new chapter
HOUSTON (Reuters) — Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confoundi...
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Health-conscious curry stirring up interest
Curry is widely loved, regardless of age or gender. It is as popular at specialty restaurants as it is on home dining tables.
In light of this, more health-conscious curry roux and pouch packs are...
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Daily Craftsmanship / 4 generations of skill shape tamagoyaki pans
This is the final installment of a six-part series.
“Clang, Clang.” The sound of a screw being hammered resounded in a small factory.
The noise is part of the process of fitting the handle to a...
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India’s central bank chief to step down
MUMBAI (AFP-Jiji) — The popular Reserve Bank of India (RBI) Gov. Raghuram Rajan will step down when his term ends in September to return to academia, he said in a letter published Saturday, ending ...
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IMF: Brexit could shrink U.K. economy by over 5%
LONDON (Reuters) — A vote to exit the European Union in this week’s referendum could leave Britain’s economy more than 5 percent smaller by 2019 than if it stays in the 28-nation club, the Inte...
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GDP may be pushed down by up to 0.8%
TOKYO (Jiji Press) — Britain’s exit from the European Union, or Brexit, would push down Japan’s gross domestic product by 0.1-0.8 percent, according to a report by the Mizuho Research Institute...
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Japanese firms fear cost of Brexit
Japanese companies with bases in Britain are becoming increasingly anxious over the referendum this week in which the country will vote on whether to leave or remain in the European Union. Their main...
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Oil climbs for 1st time in week
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Beer firms foresee big sales in heat wave
Beverage manufacturers are set to increase the production of beer and soft drinks in response to this summer’s forecast heat wave, which is expected to cause a spike in demand.
Asahi Soft Drinks Co...
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Stocks rally on buybacks
Stocks staged a rally on the Tokyo Stock Exchange on Friday, backed by buybacks and buying on dips following the previous day’s plunge. The 225-issue Nikkei Stock Average rose 165.52 points, or 1...
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Dollar up in Tokyo; U.K. pound rallies
TOKYO (Jiji Press) — The dollar rebounded above ¥104 in Tokyo trading Friday on buybacks, but its topside was capped by lingering uncertainties over Britain’s national referendum next week on wh...
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As big names struggle, smaller tech firms thrive in OLED niche
TOKYO (Reuters) — A glimmer of light for Japan’s battered electronics sector: while Sharp Corp. and Japan Display Inc. lag South Korean rivals in making organic light emitting diode (OLED) screens...
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Mass shootings pushing up gun makers’ shares, earnings
SAN FRANCISCO (Reuters) — Shares of firearm makers surged on Thursday after a strong quarterly report from Smith & Wesson Holding Corp., adding to gains this week after a shooting at a gay nightclu...
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MMC admits manipulating data for another 5 models
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Credit downgrade may be positive for JGBs
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Kuroda dismisses talk of ‘helicopter money’
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Yellen acknowledges Fed’s limited room for maneuver
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London traders to brace for Brexit fate
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Dollar dips below ¥104 in Tokyo
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Fed keeps rates unchanged, signals fewer future hikes
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BOJ holds off on more easing with U.K. vote, election ahead
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U.S. manufacturing output falls in May
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Oil falls to 3-week low on Brexit fear
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Toyota rolls out new plug-in Prius
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Govt seeks to reduce solar panel waste
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MMC data scandal widens
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Toyota shareholders OK bonus hike for executives
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Microsoft to pay $26 bil. for LinkedIn
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Ginza’s Sony Bldg to be replaced with park
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PlayStation VR to go on sale in Oct.
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BOJ policy seen teady for now
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McDonald’s to take over Oprah’s old Chicago digs
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Food price surge drives up India’s retail inflation
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Nikkei ends below 16,000 on Brexit fears
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¥59 bil. from reserves set for Kumamoto, SDF
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Yen hits 3-yr highs vs euro as Brexit worries mount
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China asset investment slows
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‘Sound trademarks’ system sought Asia-wide
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Tokyo food fair offers taste of Philippine culture
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Tokyo stocks drop 580 points
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Amazon expected to launch streaming music service
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Global stocks slide as investors seek safety ahead of Brexit referendum
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Daily craftsmanship / Blending old, new methods makes a lot of scents on Awaji Island
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FDA issues long-awaited guidelines on salt, pressuring food industry
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Floor area ratio to increase 1.5-fold amid hotel shortage / Urgent step taken before Tokyo Games
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Soros said to be more involved in trading, buying yellow metal
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Messaging app Line given green light for TSE listing
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Stricter rules eyed for automakers / Crackdown driven by data-faking
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Kobe Steel: Tensile strength data falsified
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Yield on 10-year JGB hits record low
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Govt considers 0.01% loans to private firms
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South Korea cuts rate to support debt restructuring
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Toyota employees to work from home
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Machinery orders drop 11% in April
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Toy show features advanced tech
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Branching out
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Honda recalls more vehicles in Japan over Takata air bags
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Few car insurers cut rates for new electronic safety devices
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Tesla may source battery from Samsung
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Japan revises up annualized GDP growth to 1.9%
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Bezos: Amazon eyes $5 bil. India investment
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World Bank: Economy ‘fragile’
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U.S. investors skeptical about China move to widen markets
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BTMU to cede special status in bond scheme
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Nation’s appetite for precut vegetables growing
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Suzuki chairman gives up CEO post
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Investors left guessing on Fed hike
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Govt plans to do tests on Suzuki vehicles
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Saudi plan aims for revenue surge
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ROK calls for Nissan to face charges
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Samsung SDI ‘in talks with Tesla over batteries’
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Samsung considering phones with bendable screens
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Stocks rebound on Wall Street rally, weaker yen
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Yellen leaves rate increase timing vague
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Mitsubishi starts production of smaller MRJ test model
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Japan’s debt downgraded to ‘negative’ by R&I
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Lotte Group faces IPO delay amid new bribery scandal
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New British property deals on hold
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Ministry to tackle 5G research
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Tokyo stock briefly dives 300 points
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China to submit investment list
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China’s jobless rate may be triple official figure
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Daily craftsmanship / Nail nippers highly valued at home, abroad
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Insurance gives pets, owners more time together
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Govt to OK low taxi starting fare of ¥410 in Tokyo
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Dollar posts biggest 1-day drop in 4 months
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Wages rise for 3rd month in April
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Suzuki HQ inspected over fuel scandal
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Wal-Mart to test delivery with Uber
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Mitsukoshi flagship set for renovation
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Toyota halts 2 plants due to supply disruption
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New banknote thrusts Churchill back into EU debate
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Stocks bounce back moderately
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Airlines raise their profit forecast on low oil prices
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Hitachi develops AI to support business
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OPEC fails to reach oil output deal
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Retailers hail postponement of hike
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IMF backs delay in tax increase
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OECD reduces Japan forecast for next 2 years
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U.S. auto sales suffer major fall
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Lawson keen to buy U.S. convenience store chains
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Brazil GDP shrinks in 1st qtr, but better than predicted
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Tokyo stocks sink more than 2%
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Saudi, Iran set to clash over OPEC oil output
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Monetary base hits 6th record high in a row
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Line expected to be listed on TSE
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SoftBank to sell Alibaba shares worth $7.9 billion
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Minivehicle sales fall amid fuel efficiency scandals
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ANA to use tablet devices to connect with tourists
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Factory output rises despite quakes
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Household spending down 0.4%
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Panasonic to withdraw from LCD TV panel production
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Air travel demand slows over security concerns
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Job-to-applicant ratio hits 24-year high in April
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Firms have more to do on corporate governance code
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Global investors dump Asian stocks
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G-7 finance chiefs agree to underpin global economy
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Kumamoto quake payouts hit ¥12 bil.
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Choosing where to donate money for quake victims
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Small firms struggle in Kumamoto
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Kumamoto quakes prompt stoppage at GM plants in North America
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Kyushu quakes hit Toyota
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Automakers suspend output after Kyushu earthquakes
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OECD head calls for tax info sharing, leadership from G-7