TOKYO — Toshiba Corp. has chosen a U.S.-Japan consortium as the preferred bidder in the sale of its lucrative memory chip business. The troubled Japanese electronics giant has had deep recent losses and has been selling pieces of its operations to ensure ... ( read original story ...)
Nikkei rises on Wall Street gains, other Asian indexes fall
TOKYO — Asian shares were mostly lower Tuesday, erasing initial gains. Tokyo’s benchmark rose, cheered by gains on Wall Street. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 0.8 per cent to finish at 20,230.41. Australia’s S&P/ASX 200 edged ... ( read original story ...)
Tokyo governor takes both sides on Tsukiji relocation
... governor's new plan to both relocate Tokyo's famed Tsukiji wholesale market and redevelop the existing site into a food "wonderland" chases two seemingly contradictory objectives -- at a potentially draining financial cost. Gov. Yuriko Koike told a ... ( read original story ...)
Roving vans in Japan provide mobile banking, food from home for Brazilian community
OIZUMI, Japan Japan's nearly 200,000-strong Brazilian immigrant community live in pockets scattered across the middle of the country, clustered around auto parts factories or warehouses where they have jobs. To reach them, Brazilian companies have adopted ... ( read original story ...)
Tokyo Olympics 2020 to Get Self-driving Cars, ZMP Partners With Taxi Firm
Taniguchi declined to comment on ZMP's IPO plans. He had said in February that ZMP hoped to list in Tokyo in the coming months, after a delay last year due to client information being leaked on to the internet. The company recently raised 1.5 billion yen ... ( read original story ...)
Prosecutors’ raison d’etre put to test as Moritomo scandal develops into fraud case
The team then accepted a criminal complaint against the Kinki Local Finance Bureau staff over suspected breach of trust on April 5, showing the prosecutors' office's impartiality by investigating both public and private sectors. The Osaka office was wary ... ( read original story ...)
Tokyo’s governor decides to modernize Tsukiji fish market
TOKYO — The Tokyo governor says the giant Tsukiji fish market, popular with tourists, will stay, although it will get modernized and developed within five years. Gov. Yuriko Koike, the first woman to lead Japan’s capital, told reporters Tuesday that ... ( read original story ...)
Nikkei jumps to nearly 2-year highs on stronger dollar, economic recovery
TOKYO, June 20 Japan's Nikkei share average probed its highest levels in nearly two years on Tuesday, powered by record highs on Wall Street and a weaker yen. The Nikkei was up 1.1 percent at the end of morning trade at 20,287.67, after rising as high as ... ( read original story ...)
Crowdfunding Begins for Comfy KIMONO Pajamas
OSAKA, Japan, June 19, 2017 /PRNewswire/ -- BIBILAB, the idea goods brand of be-s Co., Ltd (Location: Higashi-Osaka City, Osaka; President: Kyo Ooue) announces the beginning of its Comfy KIMONO Pajamas crowdfunding campaign on June 19, 2017, on ... ( read original story ...)
Squeezed at home, Japan’s Nomura seeks to push into Wall Street’s home turf
HONG KONG/TOKYO, June 19 Under pressure in Japan from Wall Street rivals and anticipating more deals in the United States or by American companies overseas, Nomura Holdings is boosting its U.S. investment banking business, including some senior hires in ... ( read original story ...)
Japan Has Surprise Deficit as Import Growth Beats Exports
There’s no weak spot among major regions globally and all are heading toward recovery, which is helping Japan’s exports, Kodama said. The Finance Ministry said that Japan often experiences deficits in May, as exports slow relative to imports due to a ... ( read original story ...)
Japan Has Surprise Deficit as Import Growth Overpowers Exports
Exports rose 14.9 percent from a year earlier (estimate +16 percent), according to data released by the Ministry of Finance. Imports increased ... (estimate +43.3 billion yen). Japan’s trade has seen a sustained pickup since the start of the year ... ( read original story ...)
Japan May exports jump 14.9 pct year/year – MOF
TOKYO, June 19 (Reuters) - Japan's exports surged 14.9 percent in May from a year earlier due to higher shipments of cars and steel, in a sign of robust global demand, Ministry of Finance data showed on Monday. The rise compares with a 16.1 percent jump ... ( read original story ...)
Noodles giant laps up china opportunity
The Osaka-based Nissin Food is also the second largest dim sum ... Gross profit margin increased from 34.1 percent to 39.6 percent in the same period. Net proceeds from the IPO will be used for upgrading and further expanding of production plants and ... ( read original story ...)
Japan’s five steps to a 5G world
On May 29, Kazuhiro Yoshizawa, president and CEO of Docomo, highlighted the new business opportunities 5G will create in a keynote speech to the Global Digital Summit 2017, a Tokyo event co-hosted by Nikkei Inc. and Japan's communications ministry. ( read original story ...)
Ex-Moritomo Gakuen boss to be investigated for alleged fraud
OSAKA – Prosecutors are set to search sites this weekend ... the prosecutors have received a separate criminal complaint filed against a local finance bureau official, alleging breach of trust. The public uproar over the case resulted in the school ... ( read original story ...)