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  • Turning Japan's cultural barriers into a startup gold mine

    TOKYO -- Where many see insurmountable hurdles in Japan's falling population, rigid business practices and language barrier, some see opportunity. The number of Japan-based tech startups has been on the rise since 2010, shadowing the advance of comm

    May 23, 2018 01:15 pm JST
  • Japanese couple are bread-making heroes in Germany

    MUNICH, Germany -- In the southern German city of Munich, home to high-tech companies such as BMW and Siemens, a Japanese couple from Nagoya have become unlikely local heroes for devoting their lives to reviving the dying art of baking traditional G

    May 23, 2018 12:35 pm JST
  • Japan's megabanks study shared ATMs and more self-services

    TOKYO -- Japan's three megabanks are trying to cut costs by reducing the number of ATMs and full-service branches as the country shifts to a cashless economy and the Bank of Japan's negative interest rate policy erodes profits.With banks forced to p

    May 23, 2018 12:30 pm JST
  • SoftBank says selling its entire Flipkart stake to Walmart

    TOKYO (Reuters) -- SoftBank Group Corp said on Wednesday it is selling its roughly 20% stake in Indian e-commerce firm Flipkart to Walmart Inc.Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.

    May 23, 2018 11:55 am JST
  • Alibaba to bulk up shopping list of Japanese products

    TOKYO -- Alibaba Group Holding plans to significantly boost sales of Japanese products at its online and physical retail outlets in China, the company's CEO said.Daniel Zhang on Tuesday said Alibaba's Japan shopping list will include cosmetics, whic

    May 23, 2018 07:27 am JST
  • Vandana Hari

    Iran sanctions -- dreaded deja vu for Asia

    For four long years, between 2012 and 2015, Asian companies were held hostage by U.S. demands to reduce their business dealings with Iran and throttle back their crude imports -- or face sanctions from Washington.Less than three years after the rest

    May 23, 2018 07:00 am JST
  • Abe pushes back as suspicion deepens over vet school

    TOKYO -- Japanese Prime Minister Shinzo Abe on Tuesday dismissed allegations that he knew from the start about his friend's plan to open a new veterinary school, scrambling to contain the fallout from a newly discovered record contradicting his stor

    May 23, 2018 06:21 am JST
  • Half of Japan's eateries plan price hikes this year

    TOKYO -- Spending more on ingredients and increasingly scarce workers, nearly half of restaurant operators in Japan plan to raise prices this fiscal year, a Nikkei survey shows.The poll from mid-March to late April targeted 551 companies with food s

    May 23, 2018 06:10 am JST
  • Sony's new boss abandons profit targets to focus on long game

    TOKYO -- Under new CEO Kenichiro Yoshida, Sony will seek to strengthen the recovery made under predecessor Kazuo Hirai by cultivating more reliable revenue sources and investing big in content."It was my decision to abandon [companywide] operating p

    May 23, 2018 05:53 am JST
  • Japanese agency to scout Indians for Mideast and Africa jobs

    NEW DELHI -- Japanese staffing agency Pasona Group will match Indian workers with jobs in the Middle East and Africa, a large region popular among expatriates from the South Asian country.Japanese companies operating in such markets as Kenya and Dub

    May 23, 2018 05:43 am JST
  • Car-sharing drives up profit for Japan market leader Park24

    TOKYO -- Car-sharing services likely lifted pretax profit 5% on the year for parking lot operator Park24 in the six months through April, as growing numbers of business users kept the Japanese market leader's rental cars running more often.Pretax pr

    May 23, 2018 05:09 am JST
  • Takashimaya to make all overseas locations profitable in 5 years

    TOKYO -- Takashimaya aims to turn profits at all overseas department stores by the year ending February 2023, including a Thai location slated to open in the fall, seeking to capitalize on Asian growth.The Japanese retailer operates foreign departme

    May 23, 2018 04:57 am JST
  • Mitsui Sumitomo to buy 40% of Chinese life insurer

    TOKYO -- Japan's Mitsui Sumitomo Insurance will take a nearly 40% stake in a life insurance unit of a state-owned Chinese bank, returning to a major growth market that is opening up to foreign businesses.Mitsui Sumitomo, part of MS&AD Insurance Grou

    May 23, 2018 04:39 am JST
  • Japan urges more of Latin America to join TPP

    TOKYO -- Japan is encouraging more countries from Central and South America to join the reworked Trans-Pacific Partnership trade pact, in hopes of both capturing the potential of these markets and pressuring the U.S. to return to a framework it left

    May 23, 2018 03:41 am JST
  • US deploys missile destroyer fitted with latest technology to Japan

    YOKOSUKA -- The U.S. Navy deployed a guided missile destroyer fitted with a state-of-the-art Aegis system to Japan on Tuesday, strengthening East Asia's missile defense capabilities.The arrival of the destroyer USS Milius is a part of the navy's str

    May 22, 2018 08:33 pm JST
  • Russia and Japan warn US of $1bn in tariff retaliation

    GENEVA (Reuters) -- Russia and Japan have warned they could retaliate against U.S. tariffs on steel and aluminium by imposing sanctions worth almost $1 billion combined, filings published by the World Trade Organization showed on Tuesday.The documen

    May 22, 2018 08:00 pm JST
  • Kyoto University to start providing Embryonic Stem cells for clinical studies

    KYOTO, Japan -- Kyoto University said Tuesday it will start providing human embryonic stem cells by July to colleges and private companies for clinical trials. The cells, like induced pluripotent stem cells, can create various types of organs and ti

    May 22, 2018 03:50 pm JST
  • Sony to spend $2.3bn to make EMI Music full subsidiary

    TOKYO -- Sony announced Tuesday it will acquire an additional stake in DH Publishing, the operator of EMI Music Publishing, which owns the copyrights for popular artists such as the U.K. rock band Queen. DH Publishing will become a 100%-owned consol

    May 22, 2018 01:26 pm JST
  • A theft at the BOJ raises awkward questions

    TOKYO -- A recent currency theft at the Bank of Japan has badly damaged confidence in the institution and revealed deep-rooted complacency. This is both disturbing and ironic, given that the central bank's primary role is to be the chief guardian of

    May 22, 2018 11:55 am JST
  • New document casts doubt on Abe's vet school story

    TOKYO -- Japanese Prime Minister Shinzo Abe knew all along that a school operator run by a friend was planning a new veterinary school, recently unearthed records suggest, despite his previous claim to have only found out when it got the go-ahead.Ka

    May 22, 2018 11:36 am JST