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  • Chinese drugmaker Luye Life casts around for Japanese partners

    TOKYO -- Chinese drugmaker Luye Life Sciences Group is entrenching itself in Japan and moving to launch joint venture talks with some 30 Japanese players.The plans include purchasing off-patent drugs from the partners and helping them tap the Chines

    December 16, 2017 10:00 am JST
  • Japan's business outlook reflects global post-crisis recovery

    TOKYO -- Rising global demand has lifted Japanese corporate sentiment back to the levels preceding the global financial crisis.The quarterly Tankan survey, released by the Bank of Japan on Friday, shows that the headline index for business confidenc

    December 16, 2017 07:24 am JST
  • Kono, Tillerson on same page over North Korea

    NEW YORK (Kyodo) -- Japanese Foreign Minister Taro Kono and U.S. Secretary of State Rex Tillerson on Friday reaffirmed the need to step up pressure on North Korea with an eye on denuclearizing the Korean Peninsula.Kono also asked Tillerson to fully

    December 16, 2017 07:18 am JST
  • North Korea must 'earn its way back' to negotiations: Tillerson

    UNITED NATIONS -- A sustained pause in North Korea's threatening behavior is needed before it can enter into talks with the U.S., Secretary of State Rex Tillerson told a U.N. Security Council meeting Friday on Pyongyang's nuclear and missile develop

    December 16, 2017 06:41 am JST
  • Baseball star Ohtani hits financial home run for NH Foods

    OSAKA -- Japanese meat processor NH Foods expects to add $20 million to its group performance this fiscal year after a Major League Baseball team signed two-way sensation Shohei Ohtani away from the company's ballclub in Sapporo.Ohtani, who played f

    December 16, 2017 06:29 am JST
  • Japan eyes highest-ever budget as revenue keeps pace

    TOKYO -- Japan expects spending to reach an all-time high of 97.7 trillion yen ($867 billion) in the nation's fiscal 2018 budget, though a projected increase in tax revenue signals an improved primary balance.The cabinet intends to make final adjust

    December 16, 2017 05:35 am JST
  • Japan to relax listing rules for infrastructure trusts

    TOKYO -- Japan's financial watchdog will remove restrictions on the type of public facilities listed infrastructure trusts can invest in as soon as next year to make it easier for the private sector to gain management rights in public facilities.At

    December 16, 2017 05:23 am JST
  • NTT aims to ring up a quarter of its sales outside Japan

    TOKYO -- Nippon Telegraph and Telephone seeks to make 25% of its sales abroad by pursuing acquisitions and inviting overseas automakers to take part in its connected-car consortium, President Hiroo Unoura told The Nikkei in a recent interview.Overse

    December 16, 2017 04:49 am JST
  • US still demands action from North Korea before any talks

    WASHINGTON -- Although U.S. Secretary of State Rex Tillerson caused a stir this week when he suggested a possible dialogue with North Korea "without preconditions," Washington's official stance -- that the Pyongyang regime must first take action tow

    December 16, 2017 04:26 am JST
  • China's Li gives no promise to end retaliation over THAAD

    BEIJING -- South Korean President Moon Jae-in on Friday called for better business conditions for South Korean companies hit by retaliatory measures over the deployment of a U.S.-developed missile shield, only to see Chinese Premier Li Keqiang not o

    December 16, 2017 04:21 am JST
  • Collaborative robots learning to work with people

    OSAKA -- Panasonic has developed control technology for so-called collaborative-type robots that can undertake work such as carrying baggage in cooperation with humans.With the new technology, 1,000 kinds of human movements were first registered so

    December 16, 2017 03:20 am JST
  • Japan targets record defense outlays in fiscal 2018

    TOKYO -- Japan looks to set aside a record 5.19 trillion yen ($46.1 billion) for defense in the country's initial fiscal 2018 budget proposal, with a focus on bolstering protections against North Korean missiles.The figure, which includes expenses l

    December 16, 2017 02:51 am JST
  • Nidec aims to collect cash faster, spend more on acquisitions

    OSAKA -- Japanese motor manufacturer Nidec seeks to collect cash more quickly, with plans to spend more on mergers and acquisitions in growth markets.Nidec aims to trim its cash conversion cycle -- the number of days needed to recover production out

    December 16, 2017 02:40 am JST
  • Virtual currency 'Ripple' effect takes SBI to 9-year high

    TOKYO -- The cryptocurrency bubble has revealed itself in the stock market here as investors flock to SBI Holdings, betting that the brokerage's links to U.S. virtual currency operator Ripple will yield massive investment gains as its XRP's price so

    December 16, 2017 02:33 am JST
  • US chopper accident casts shadow on Okinawa base move

    TOKYO -- The Japanese government is growing concerned that a Wednesday accident near the U.S. Marines' Futenma air base in Okinawa, where a window from a military helicopter fell on the grounds of a local elementary school, could lead to further pus

    December 16, 2017 01:41 am JST
  • Japan releases video of crackdown on North Korean fishing boats

    TOKYO -- The Japan Coast Guard released images Friday showing its clampdown against North Korean fishing boats operating illegally in Japan's exclusive economic zone around Yamatotai, an area in the Sea of Japan known for squid and shrimp.Since Sept

    December 15, 2017 11:38 pm JST
  • Japan to assess defense capabilities amid North Korea threats: Abe

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe said Friday that Japan will assess the capabilities it needs to protect its population amid the growing North Korean nuclear and missile threat, signaling his intention to accelerate debate early next year

    December 15, 2017 10:52 pm JST
  • Rakuten building mobile network to rack up cash like SoftBank

    TOKYO -- Rakuten's announcement on Thursday that it will establish its own mobile network was clearly not what investors wanted to hear. They sent the Japanese online mall operator's stock plunging, fearing the company will have no chance against th

    December 15, 2017 09:34 pm JST
  • Are you a newly minted bitcoin millionaire? Buy a used car

    TOKYO -- The operator of Japanese used-car chain Gulliver will start accepting bitcoin on Wednesday, as it looks to cash in on the cryptocurrency's stunning ascent.IDOM, the operator, will first accept bitcoin at its Liberala dealerships, which sell

    December 15, 2017 05:21 pm JST
  • World Go Championship 2018 set for Tokyo in March

    TOKYO -- World Go Championship 2018 is set to be held in Tokyo, according to a Friday announcement by Nihon Ki-in, the Japanese organization hosting the event.The world's top players are expected to vie in the tournament, supported by Nikkei Inc., i

    December 15, 2017 05:09 pm JST