Tokyo: Japanese electronics giant Sony said Tuesday its net profit nearly quadrupled in the three months to June, backed by brisk sales of smartphone components and solid revenue from its game business. Tokyo-based Sony posted a quarterly net profit of 80 ... ( read original story ...)
XOOM Energy Japan, GK Launches into New Markets
These nine core markets make available over 80 million potential electric residential and small business low-voltage customers who can take advantage of services offered by XOOM Energy Japan. Based in Tokyo, Japan, XOOM Energy Japan, is a progressive ... ( read original story ...)
Turnaround Strategy Is Working: Sony Nearly Quadruples Profit
Sony, whose sprawling business spans finance, movies, video games and consumer electronics, is seeing better results at its various units, including games, imaging products, semiconductors and home-entertainment systems. Tokyo-based Sony, which makes the ... ( read original story ...)
Dollar Extends Modest Bounce From 15-Month Lows
TOKYO — The dollar extended its modest bounce from 15-month lows on Wednesday, benefiting from a pause in selling of the battered currency as investors begin positioning for key events this week, notably Friday's U.S. employment report. The dollar index ... ( read original story ...)
Editorial: Discounted sale of state-owned property core of Moritomo scandal
The public prosecutors' special squad has been carrying out investigations into the case following complaints filed by the Osaka Municipal Government as ... Local Finance Bureau sold the state-owned property to Moritomo Gakuen for roughly 134 million ... ( read original story ...)
Many questions remain despite arrest of Moritomo Gakuen ex-chairman
When Kagoike and his 60-year-old wife, Junko, were heading to the Osaka District Public Prosecutors Office in ... the cost of removing waste from the land lot and selling the property at an unjustly cheap price. While prosecutors are questioning bureau ... ( read original story ...)
Astro Group to sell property interests & wind up
Astro Japan Property Group (ASX:AJA) has agreed to sell its Property (TK) Interests to Jetsons Holding II Pte. Limited. The sale involves a net consideration of $7.18 to shareholders in October 2017. Jetsons, the proposed purchasing entity, is incorporated ... ( read original story ...)
Nikkei rises on strong earnings; Apple suppliers shine
TOKYO, Aug 2 (Reuters) - Japan's Nikkei share average posted modest gains on Wednesday, supported by strong earnings reports from local companies and by a rally in Apple suppliers after it reported robust profits. The Nikkei was up 0.4 percent at 20,058.24 ... ( read original story ...)
BOJ’s Funo calls for structural reforms to boost Japan’s weak inflation
SAPPORO, Japan (Reuters) - Bank of Japan board member Yukitoshi Funo called for structural reforms to boost demand and productivity, in a tacit acknowledgement that massive monetary stimulus alone cannot accelerate inflation to the central bank's 2 percent ... ( read original story ...)
Consumption tax key to fixing Japan’s debt-ridden finance: IMF
TOKYO: The consumption tax should remain at the heart of revenue reform in Japan, but the pacing of rate increases is crucial, the International Monetary Fund said Monday. Citing the need for fiscal consolidation to address risks from Japan’s high level ... ( read original story ...)
USD/JPY: Points to watch in sluggish summer markets – Deutsche Bank
Risk takers are less active in the vacation season, and the dollar can come under selling pressure from export hedging prior to Japan's mid-month long holidays ... the heart of his administration, including Finance Minister Taro Aso, Foreign Minister ... ( read original story ...)
BRIEF-Astro Japan Property Group to sell property (TK) Interests to Jetsons Holding II Pte
* Expected that Astro Group securityholders will receive net consideration of about $7.18, as a result of Blackstone Proposal in Oct 2017 * Astro Group securityholders will also receive normal HY distribution payable at end of Aug of 21 cents per security ... ( read original story ...)
BRIEF-Astro Japan Property Group seeks trading halt
* Seeks trading halt pending release of an announcement by group regarding proposed disposal of its assets Source text for Eikon: Further company coverage: ( read original story ...)
BRIEF- Japan Real Estate Investment to acquire trust beneficial rights of property for 10.53 bln yen
* Says it will acquire trust beneficiary rights of a property located in Tokyo, for 10.53 billion yen, on Sept. 1 ( read original story ...)
Japan Earthquake Today 2017 Strikes NE of Tokyo
ST LOUIS (LALATE) – A Japan earthquake today August 1, 2017 has just stroke north east of Tokyo. The earthquake began on land moments ago. Damage assessment is pending. USGS indicates to news that a 4.8 magnitude Japan earthquake today started 51 km ... ( read original story ...)
Inside the bizarre Japanese ‘health resort’ filled with hundreds of Teletubbies-style homes built to withstand earthquakes
THEY might look like something out of a kid’s TV show but these bizarre foam houses are actually built to withstand earthquakes. Kumamoto in Japan was ripped apart by a magnitude 7.0 quake last year that caused many homes to collapse. But the bright ... ( read original story ...)