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  • China's to spend $5bn on more 'made in Japan' items

    TOKYO -- NetEase, a major internet portal operator in China, plans to spend 500 billion yen ($4.68 billion) over the three years though 2020 to bring more Japanese products to Japanese products have been driving the site's growth, generat

    March 17, 2018 04:00 pm JST
  • Privacy concerns stall Alibaba's plans for Japanese Alipay

    TOKYO -- Alibaba Group Holding's plan to launch a version of the Alipay mobile payment service in Japan has hit a snag, as banks withhold cooperation out of concern over potential data leaks into China.Alipay, operated by Alibaba affiliate Ant Finan

    March 17, 2018 02:00 pm JST
  • Mitsubishi Motors earmarks $5.6bn for R&D and capital investment

    TOKYO -- In a move to improve its asset and profit performance, Mitsubishi Motors will spend more than 600 billion yen ($5.65 billion) on research and development and capital investment in three years through March 2020.The automaker is expected to

    March 17, 2018 01:10 pm JST
  • Trump negotiating with several countries over tariffs: White House

    WASHINGTON (Reuters) -- President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new U.S. tariffs on steel and aluminum imports, the White House said on Friday."He's ... working with a number o

    March 17, 2018 08:24 am JST
  • Global trade surpasses economic growth for first time in 6 years

    TOKYO -- The volume of global trade grew faster than the world economy in 2017 for the first time in six years, as rising demand for semiconductors added fuel to the industry's far-reaching supply chains, thereby ending a period in which global trad

    March 17, 2018 06:50 am JST
  • Kobe Steel to push governance reform under new chief

    TOKYO -- Kobe Steel, reeling from a damaging data-doctoring scandal, will take steps to prevent a recurrence and strengthen corporate governance under its new president.Mitsugu Yamaguchi, currently executive vice president, will lead the steelmaker

    March 17, 2018 06:39 am JST
  • New BOJ deputy is a career policy fixer -- and classical pianist

    TOKYO -- The Bank of Japan's newly confirmed deputy governor, a long-serving central bank official known as the "BOJ's ace," once considered a career as a classical musician.Even today, Masayoshi Amamiya frequently makes time to fine-tune his piano

    March 17, 2018 06:35 am JST
  • Japan Tobacco to buy Russia's No. 4 tobacco maker

    TOKYO -- Japan Tobacco has reached a deal to purchase Russia's fourth-largest tobacco company, fortifying its lead in a key foreign market as its domestic operations struggle.The company said Friday it will acquire Donskoy Tabak, along with compatr

    March 17, 2018 04:55 am JST
  • Mitsubishi Chemical to recycle carbon fibers from old plastics

    TOKYO -- Mitsubishi Chemical is getting into the business of recycling carbon fibers from rejected and spent plastics reinforced with the material.Carbon fibers are lighter and stronger than steel and easier to shape, but they have found only limite

    March 17, 2018 04:25 am JST
  • Japan's ex-tax chief faces grilling over school scandal

    TOKYO -- A former Finance Ministry official linked to the doctoring of documents concerning a shady land sale faces questions about what he knew and when, as the opposition searches for signs of a cover-up by Prime Minister Shinzo Abe's office.Nobuh

    March 17, 2018 04:19 am JST
  • Japan's Askul lifts bottom line to the black

    TOKYO -- Askul reported Friday a net profit of 4.6 billion yen ($43.3 million) for the nine months ended in February after selling two warehouses, including a Tokyo-area facility that caught fire last year.The profit represents a turnaround from the

    March 17, 2018 03:26 am JST
  • Bandai Namco promotes employee stock ownership

    TOKYO -- Bandai Namco Holdings is helping its employees own company shares in a move to heighten their awareness of investor concerns and enhance corporate value.Employees will be able to contribute monthly to a stock ownership plan. Those who put i

    March 17, 2018 03:26 am JST
  • North Korea must agree to nuclear inspections, Abe tells Moon

    TOKYO -- Japanese Prime Minister Shinzo Abe told South Korean President Moon Jae-in Friday that North Korea must take concrete steps toward scrapping its nuclear program, such as submitting to inspections by the International Atomic Energy Agency.In

    March 17, 2018 03:16 am JST
  • Japan theme park to replace a third of staff with robots

    TOKYO -- Japanese travel agency and resort operator H.I.S. plans to cut the number of workers at its Huis Ten Bosch amusement park by a third in three years, drawing on its experience operating Henn na Hotel -- a chain of hotels run almost entirely

    March 17, 2018 02:04 am JST
  • ANA to merge 2 budget carriers by 2020

    TOKYO -- Japanese airline group ANA Holdings has decided to consolidate a pair of budget carriers under its wings by 2020 to create a more robust organization better positioned to compete in the growing Asian market.ANA will merge consolidated subsi

    March 17, 2018 01:30 am JST
  • Toys 'R' Us-Japan soldiers on even as US parent liquidates

    NEW YORK/TOKYO -- Geoffrey the Giraffe, the Toys "R" Us mascot, will continue to greet kids and parents as usual in Japan -- at least for now -- even as the once-mighty U.S.-based retailer is shuttering its domestic stores.Toys "R" Us-Japan has cont

    March 17, 2018 12:34 am JST
  • Japan finance ministry's Kihara to replace Finmin Aso at G20

    TOKYO (Reuters) -- Japanese Vice Finance Minister Minoru Kihara will attend the Group of 20 finance leaders' meeting next week in Buenos Aires, the ministry said on Friday, in place of Finance Minister Taro Aso who is under fire over a suspected cro

    March 16, 2018 05:20 pm JST
  • Nikkei to change presumed par value of NH Foods

    TOKYO -- Nikkei Inc. said on Friday it will change the presumed par value of NH Foods in response to stock consolidation planned by the company. NH Foods is a component of the 225-issue Nikkei Stock Average.In accordance with the stock consolidatio

    March 16, 2018 04:30 pm JST
  • Vietnamese man surprised to be driven to Fukushima to do cleanup work

    TOKYO -- A Vietnamese man says he was deceived into coming to Japan for a "construction" job only to end up in Fukushima Prefecture on radiation decontamination assignments.The Iwate Prefecture construction company that employed him denies duping th

    March 16, 2018 02:55 pm JST
  • Japan's former tax chief knew of document changes: top official

    TOKYO -- Nobuhisa Sagawa, who resigned as Japan's tax chief on March 9, likely knew of alterations to documents linked to a land sale at the center of a scandal embroiling the Japanese government, according to Mitsuru Ota, director general of the Fi

    March 16, 2018 02:07 pm JST