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74% of Japanese companies against daylight saving time for 2020 Olympics: poll

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Three-quarters of Japanese firms oppose a proposal to adopt daylight saving time ahead of the 2020 Tokyo Olympics, a poll showed on, citing the time and effort to adjust computer systems as well as disruptions to public life. Organizers of the Tokyo Olympics have floated the idea after scorching heat this summer killed at least 120 people, raising concerns about ... Read More »

Metal detectors to combat gold smuggling at central Japan airport

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The Nagoya Customs said Tuesday it has started using walk-through metal detectors at Chubu airport in Nagoya in the wake of a surge in gold smuggling. Smugglers try to evade the 8 percent consumption tax levied on imports of gold worth over 200,000 yen ($1,870) and resell it at a tax-inclusive price. About 90 units of the walk-through detectors are ... Read More »

Couple arrested at Tokyo’s Haneda airport for attempting to smuggle meth worth ¥1.8 billion

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YOKOHAMA: A 43-year-old man and his 34-year-old wife have been arrested at Tokyo’s Haneda airport on suspicion of smuggling methamphetamine with an approximate street value of ¥1.8 billion ($16.7 million), police and customs officials said. The amount, about 30 kilograms, is the largest haul Japanese customs have confiscated in a stimulant drug smuggling case involving a passenger jet, the officials ... Read More »

Spanish policeman says smuggled European eels raised in China were then exported to Japan

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BRUSSELS – Young European eels are routinely smuggled to China, raised there for about half a year, then shipped to the Japanese market as demand for the fish spikes in the summertime, a senior Spanish police officer has said. The details came to light after Spanish police arrested 10 people in April, including Spanish and Chinese nationals, on suspicion of ... Read More »

Corporate Japan expands stock rewards to workers abroad

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TOKYO — More Japanese companies are including stocks as part of their compensation packages, even for overseas employees not allowed to own securities accounts in Japan, as global competition for top talent grows. Japanese businesses have followed the lead of the U.S. and Europe and are making use of stock options to compensate executives, and have recently widened the practice ... Read More »

80% of major Japanese firms expect domestic economy to grow in 2018

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Over 80 percent of major companies expect the economy to grow toward the end of this year, but most do not see the expansion lasting beyond the 2020 Tokyo Olympics, according to a recent Kyodo News survey. Around 82 percent of the 113 companies surveyed in July, including Toyota Motor Corp. and Sony Corp., said they think the economy will ... Read More »

Spanish policeman says smuggled European eels raised in China were then exported to Japan

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Young European eels are routinely smuggled to China, raised there for about half a year, then shipped to the Japanese market as demand for the fish spikes in the summertime, a senior Spanish police officer has said. The details came to light after Spanish police arrested 10 people in April, including Spanish and Chinese nationals, on suspicion of smuggling a ... Read More »

Three Taiwanese women arrested in Japan for smuggling gold in their bras

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Japanese media outlets have reported that three Taiwanese women have been arrested at the airport in Hakodate, Hokkaido for attempting to illegally smuggle gold into the country. According to news reports, on March 19 Japanese customs bureau announced that three women from Taiwan were placed in custody and are charged with violating the customs act attempting to smuggle gold inside ... Read More »

Asian Markets Mixed Ahead of Bank of Japan Policy Statement

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SINGAPORE (AP) — Asian markets were mixed on Tuesday with narrow trading ahead of a key statement by the Bank of Japan, which could indicate a tightening of its monetary policy. KEEPING SCORE: Japan’s Nikkei 225 index dropped 0.3 percent to 22,476.72 and South Korea’s Kospi was flat at 2,293.43. The Shanghai Composite index gained 0.1 percent to 2,872.92 and ... Read More »

Criminals smuggling gold into Japan concealed bars in aeroplane toilets as gangs grow more sophisticated in their tactics

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Japanese authorities have warned international gold smuggling rings are becoming more sophisticated after cracking a scheme to conceal gold bars in aircraft toilets. Police in Nagoya have arrested six people in connection with the latest in a growing number of smuggling attempts. The six men were accused of illegally importing five gold bars on a Japan Airlines flight from Taiwan ... Read More »

Metal detectors to combat gold smuggling at central Japan airport

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The Nagoya Customs said it has started using walk-through metal detectors at Chubu airport in Nagoya in the wake of a surge in gold smuggling. Smugglers try to evade the 8 percent consumption tax levied on imports of gold worth over 200,000 yen ($1,870) and resell it at a tax-inclusive price. About 90 units of the walk-through detectors are already ... Read More »

Bank of Japan tankan expected to show second straight fall in business sentiment

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Business sentiment among large Japanese manufacturers has declined moderately in June compared to three months ago — down for the second straight quarter — according to 14 private think tanks’ estimates ahead of the Bank of Japan’s ongoing tankan quarterly survey, which is seen as an important measure of the economy’s performance. The institutes’ forecasts on the diffusion index for ... Read More »

‘Japan’s business mood mixed, underlines fragile recovery’

FILE PHOTO: A man produces machine parts inside a factory in Tokyo August 12, 2013. REUTERS/Yuya Shino

TOKYO: Japanese manufacturers’ confidence improved for a second straight month in June but the service sector’s mood slumped from May’s record high level, a Reuters poll found, suggesting some fragility in the outlook after a first-quarter contraction. The monthly poll, which tracks the Bank of Japan’s (BOJ) closely watched tankan quarterly survey, found manufacturers’ confidence was expected to increase over ... Read More »

Japan earthquake: Child and two men dead and hundreds injured

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A strong earthquake in Osaka, Japan has killed at least three people, including a child, and injured more than 200. Airports in the area were closed for several hours, train lines interrupted and factories had to halt production. The 6.1 magnitude quake did not trigger a tsunami warning and nuclear plants in the area are operating normally. Japan lies in ... Read More »

Japan core machinery orders rebound, signal capex recovery intact

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TOKYO: Japan’s core machinery orders in April jumped the most since the start of 2016, reversing the prior month’s decline and raising some hopes for durable growth in capital expenditure seen as crucial for a recovery in the economy after a contraction in the first quarter. Core orders, a highly volatile data series regarded as an indicator of capital expenditure ... Read More »

Honda Jet business plane to go on sale in Japan next year

FILE PHOTO : Honda Motor's HondaJet business airplane is seen at Honda Aircraft Company in Greensboro, North Carolina, U.S., November 11, 2016.  REUTERS/Maki Shiraki/File Photo

TOKYO: Honda Motor Co. on Wednesday said it would start selling its six-seater business jet in Japan next year, as it seeks to expand global sales by tapping into demand from a growing class of high net-worth individuals. The automaker is currently awaiting certification for the plane both at home and in China, after having already received U.S. and European ... Read More »

Japanese startup closes in on dream of space tours

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TOKYO: Japanese spaceflight startup PD Aerospace plans to test an unmanned space plane with the goal of achieving manned spaceflights by 2023. The Nagoya-based company said it will speed up development of unmanned suborbital space planes, with test flights set for 2019. PD Aerospace eventually hopes to offer thrill-seekers five-minute flights at zero gravity, during which the space plane will ... Read More »

Japan jobless rate steady at 2.5 percent in April – government

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TOKYO: Japan’s jobless rate held steady in April and the availability of jobs also remained unchanged, government data showed on Tuesday. The seasonally adjusted unemployment rate stood at 2.5 percent, the Internal Affairs ministry said. The result matched the median estimate of economists polled by Reuters. The jobs-to-applicants ratio was 1.59 in April, unchanged from the previous month. The median ... Read More »

Tokyo stocks close mixed after trump cans N.Korea summit

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Tokyo:Tokyo stocks closed flat on Friday, shored up by bargain hunting after pessimism from Washington’s cancellation of a planned summit with North Korea. The benchmark Nikkei 225 index inched up 0.06 percent or 13.78 points to close at 22,450.79, while the broader Topix index slipped 0.22 percent or 3.95 points to 1,771.70. Read More »

EU Fears Offer To US Not Enough To End Trade Row

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Brussels,:The EU’s own top trade official warned Tuesday that the bloc’s last-ditch bid to persuade US President Donald Trump to back off stiff tariffs on metals imports from Europe fell short of expectations in Washington. Trade Commissioner Cecilia Malmstrom spoke ahead of talks of the EU’s 28 trade ministers to discuss an attempt to woo the US away from punishing ... Read More »