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  • Why 7-Eleven is closing in Indonesia

    JAKARTA -- 7-Eleven convenience stores looked like a success in Indonesia when they began popping up in 2009. The stores stayed busy and local operator Modern Internasional gradually expanded the chain's reach outward from Jakarta.But come Friday, 7

    June 29, 2017 03:48 pm JST
  • Activist investor's plea brings rare board change in Japan

    TOKYO -- Shareholders of Kuroda Electric, a Japanese electronics device trading company, on Thursday approved a proposal by a large shareholder that proposed that Kuroda accept one external director of its choosing. The approval is a rare case in ja

    June 29, 2017 02:43 pm JST
  • Fujifilm tightens grip on scandal-hit Fuji Xerox

    TOKYO -- After years of hands-off treatment, Japan's Fujifilm Holdings is tightening its grip on its scandal-hit subsidiary Fuji Xerox, which accounts for nearly half of group sales, by taking full control of all management decisions.The reforms, ex

    June 29, 2017 12:17 pm JST
  • James D.J. Brown

    The failure of Abe's 'new approach' to Russia

    On June 27, Japan dispatched a team of government officials and business representatives to the Russian-controlled Southern Kurils. These islands off the coast of Hokkaido have been administered by Moscow since the end of World War II but continue t

    June 29, 2017 12:00 pm JST
  • Seoul-Tokyo rapprochement hitting snags old and new

    TOKYO -- South Korean President Moon Jae-in's criticisms of Japan on the issue of wartime "comfort women" and his push for dialogue with Pyongyang could make for a strained discussion when he and Japanese Prime Minister Shinzo Abe hold their first f

    June 29, 2017 11:20 am JST
  • Takeda chief confronts growing pains -- and lack of growth -- without old ally

    OSAKA -- Takeda Pharmaceutical President Christophe Weber is under increasing pressure to prove that his rapidly globalizing Japanese company can return to earnings growth, a task the French-born CEO will have to face without the chairman who suppor

    June 29, 2017 10:10 am JST
  • Little Chinese autoparts maker is behind the huge Takata takeover

    GUANGZHOU Talk about a little fish in a big pond. After Japanese air bag manufacturer Takata filed for bankruptcy protection in Japan and the United States, along comes a virtually unknown Chinese company to gobble up one of the world's largest safe

    June 29, 2017 10:00 am JST
  • Company in focus: SoftBank's Son plots a $93bn revolution

    TOKYO "The gold rush is about to begin."Taking the podium at SoftBank Group's annual shareholders meeting in Tokyo on June 21, founder and chief executive Masayoshi Son was in full tech-mogul mode. "Some say SoftBank is a mobile phone company, but t

    June 29, 2017 10:00 am JST
  • Millennials and slow growth make for chic offices in Asia

    TOKYO Multinational companies are hungry for top talent in Asia. Yet economic uncertainty, especially in China, is making them wary of acquiring too much office space.So what does that mean for the real estate market?"Workplace reform," said Henry C

    June 29, 2017 10:00 am JST
  • Sony gives OLED TVs another try

    TOKYO Sony is taking another crack at the market for TVs with next-generation organic displays, seven years after it beat a retreat.TV manufacturers are banking on a wave of replacement demand in the Japanese market this year, and analysts believe 2

    June 29, 2017 10:00 am JST
  • Brahma Chellaney: India's nuclear industry deserves a place in the sun

    The Indian government recently approved the construction of 10 commercial nuclear power reactors of indigenous design, initiating the largest nuclear building program in the world since the 2011 Fukushima disaster in Japan. The global nuclear power

    June 29, 2017 10:00 am JST
  • Financial stocks gain traction worldwide

    TOKYO -- Global financial stocks are picking up momentum on the heels of European Central Bank President Mario Draghi's speech on Tuesday suggesting that Europe may be headed toward an exit from expansionary monetary policy.Relatively expensive issu

    June 29, 2017 06:56 am JST
  • FamilyMart Uny to make prepared-meal affiliate a subsidiary

    TOKYO -- FamilyMart Uny Holdings, an operator of supermarkets and convenience stores, will turn prepared-meal affiliate Kanemi into a subsidiary, looking to boost sales in that growth market.The Japanese company plans to raise its 26% stake in Jasda

    June 29, 2017 06:30 am JST
  • Danish offshore wind turbine maker to open Japan branch

    BILLUND, Denmark -- MHI Vestas Offshore Wind plans to set up a Japanese branch by next year, seeing the country as a promising market.Based in Denmark, MHI Vestas was established in 2014 as a 50-50 joint venture of Vestas Wind Systems and Mitsubishi

    June 29, 2017 06:06 am JST
  • Sony goes retro with return to vinyl production

    TOKYO -- Sony will resume pressing vinyl records for the first time in nearly three decades, looking to keep up with demand from not only nostalgic seniors, but also younger aficionados.Production will resume by March 2018 at a plant in Japan's Shiz

    June 29, 2017 06:02 am JST
  • Complacency creeping up on Abe's long-running reign

    TOKYO -- Four and a half years after taking office, Prime Minister Shinzo Abe repeatedly reminds himself of the perils of unchallenged leadership."It takes three years to build a castle, but just one day to bring it down. We could lose the public's

    June 29, 2017 05:44 am JST
  • Toshiba offers assurance but no clarity on memory deal

    TOKYO -- Wednesday's general shareholders meeting offered little to brighten Toshiba's prospects of a turnaround, with no earnings report, no agreement to sell the conglomerate's flash memory unit and risks of further losses still lurking in the bac

    June 29, 2017 04:51 am JST
  • Japan travel agency to help foreigners find tour guides

    TOKYO -- Travel agency H.I.S. will play matchmaker for foreign visitors seeking tour guides in Japan.Guides offering paid tours need government certification, and rising tourist numbers have led to a shortage. But uncertified guides will be able to

    June 29, 2017 04:26 am JST
  • Defense chief's gaffe adds to Abe's headaches

    TOKYO -- In a fresh blow to Japanese Prime Minister Shinzo Abe, the defense minister is now under heavy fire for urging voters to support a particular ruling party candidate she said has the backing of Japan's defense forces.Tomomi Inada, stumping T

    June 29, 2017 04:12 am JST
  • Japan-China-South Korea summit a no-go for July

    TOKYO -- A trilateral summit Japan looked to host with the leaders of China and South Korea in late July will be postponed at Beijing's request, amid heightened tensions with Seoul.Beijing has told Tokyo that arranging a meeting next month among Jap

    June 29, 2017 03:55 am JST