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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 »

Uber to start first taxi-hailing pilot program in Japan

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TOKYO: Uber announced Tuesday it would start its first taxi-hailing pilot program in Japan this summer, as it bids to break into a tough market in the world’s third largest economy. The U.S. firm has found it difficult to penetrate the Japanese market, where risk averse passengers prefer to stick to their high quality traditional taxi service. Hailing a taxi ... Read More »

Tokyo Stocks Close Down On Profit-taking 22 May 2018

People are reflected in a display showing market indices outside a brokerage in Tokyo, Japan,  February 10, 2016. REUTERS/Thomas Peter

Tokyo, :Tokyo’s benchmark Nikkei index fell on Tuesday, snapping a three-day winning streak, as investors locked in profits ahead of a series of political events surrounding North Korea. The benchmark Nikkei 225 index lost 0.18 percent, or 42.03 points, to 22,960.34 while the broader Topix index was down 0.23 percent, or 4.18 points, at 1,809.57. Read More »

Sony Buys EMI Music Publishing In $1.9bn Deal

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Tokyo, :Japanese entertainment giant Sony on Tuesday unveiled a $1.9-billion deal to buy industry titan EMI Music Publishing, which has the rights to songs by the likes of Queen and Pharrell Williams. The deal adds a catalogue of more than two million songs — including some of the greatest hits from the 20th century — to Sony’s already huge repertoire. ... Read More »

Japan-US Trade Surplus Edges Up In April

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Tokyo,:Japan’s politically sensitive trade surplus with the US edged up in April, government data showed Monday, after Tokyo warned it may take retaliatory measures against US tariffs. Japan logged a surplus in April of 615.7 billion yen ($5.6 billion) with the US, up 4.7 percent after a 0.3 percent decline the previous month, as demand for cars and construction machinery ... Read More »

Japanese Hold As Many Credit Cards As Americans, But Do They Use Them?

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In Japanese society, there are more opportunities to receive a credit card than most other societies. If you live in Japan, you will be surprised by how often you are recommended to create a new credit card when making purchases at stores. They will offer you benefits such as getting extra discounts; earning points like miles, and receiving special services ... Read More »

Japan plans $400m hit on US goods in response to Trump tariffs

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Japan is considering slapping tariffs on US imports worth $409m in retaliation against steel and aluminium levies imposed by Donald Trump, public broadcaster NHK said on Thursday. As the Trump administration prepares to begin talks with China in Washington on Thursday aimed at averting a trade war, Japan said it was preparing to notify the World Trade Organisation of its ... Read More »

Xerox aborts $6.1bn sale to Japan’s Fujifilm

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Technology firm Xerox has ended its controversial sale to Japan’s Fujifilm after reaching a deal with activist investors Carl Icahn and Darwin Deason. Together, they own 15% of Xerox and had opposed the $6.1bn (£4.5bn) deal as they said it undervalued the firm. The decision ends months of infighting, including a major boardroom clear-out. However, Fujifilm has disputed Xerox’s “unilateral ... Read More »

Whisky-inspired code names cloaked Takeda’s $62 billion Shire gamble in secrecy — until cover was blown

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HONG KONG – Takeda Pharmaceutical Co.’s ambitions to expand in the lucrative U.S. health care market led the drugmaker to begin a painstaking examination of Shire PLC’s assets more than two years prior to striking a $62 billion deal. In particular, Shire’s neuroscience unit and its gastrointestinal products sparked Takeda’s interest. One hurdle, though, gave them pause: the steep purchase ... Read More »

Challenges await Takeda after $62 billion Shire victory

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Takeda Pharmaceutical Co.’s Chief Executive Officer Christophe Weber navigated rebuffs, critics and a plunging stock price to win a $62 billion (¥6.8 trillion) deal to acquire larger rival Shire Plc. Integrating the Japanese drugmaker — which began by selling herbal therapies 237 years ago — with the sprawling Irish company will be even more complicated. As the Osaka-based company’s first ... Read More »

Saudi-backed Vision Fund boosts Softbank profits

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Saudi Arabia: Japan’s SoftBank Group Corp. reported a record annual operating profit, in line with analyst estimates, buoyed by its investments in technology firms around the world. The company’s CEO also confirmed the sale of a majority stake in India’s largest e-commerce company Flipkart — in which it owns a 20 percent stake — to US retail giant Walmart, in ... Read More »

Why pollen is costing Japan nearly $2 billion a year

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Springtime in Japan brings the country’s famous cherry blossoms into bloom, but it also causes widespread bouts of hay fever that hurt businesses across the country. Japan will lose around 200 billion yen ($1.8 billion) this year because of pollen-induced allergies, according to the Dai-Ichi Life Research Institute, a research firm in Tokyo. The damage comes in several forms, according ... Read More »

Japan government submits IR Implementation Bill to National Diet

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TOKYO: Japan’s ruling Liberal Democratic Party submitted the long-awaited IR Implementation Bill to its parliament, the National Diet, on Friday after officially approving its casino regulations. Although doubts have surfaced over whether the bill will be passed before the end of the current Diet session on 20 June 2018, the introduction of the bill remains a key milestone in Japan’s ... Read More »

Japan’s March LNG imports slip 2.6% on year PNG volume drops

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TOKYO: Japan’s LNG imports slipped 2.6% year on year to 7.9 million mt in March with imports from Papua New Guinea dropping, Ministry of Finance data showed. PNG LNG had shut its plant after a massive earthquake hit the region on February 26. Japan’s imports from PNG fell 65.7% from a year ago to 145,580 mt, or about two cargoes, ... Read More »

Japan to promote U.S. natural gas exports to Asia

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TOKYO: The Japanese government said it will promote the exports of U.S. liquefied natural gas to Asian countries to help slash Washington’s trade deficit. Masaki Ishikawa, chief of the Trade and Economy Cooperation Bureau in the Ministry of Economy, Trade and Industry, spoke of the plan at a bilateral economic dialogue Monday in Washington, expressing hope it will “broaden the ... Read More »