May 2013
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May 29, 2013

Uniqlo eyes Bangladesh safety pact

The operator of casual clothing chain Uniqlo said Tuesday it is pressing ahead with its own safety inspections in Bangladesh while it considers joining a global pact on protecting workers. Fast Retailing, which operates the brand, said no decision has been made on the ...

May 29, 2013

Dollar climbs back over ¥102 level

The dollar rose above ¥102 in Tokyo trading Tuesday against a backdrop of stock price rebounds following steep falls in recent sessions. At 5 p.m., the dollar was quoted at ¥102.24-24, up from ¥101.00-01 at the same time Monday. The euro was at $1.2904-2904, ...

May 29, 2013

BOJ has room for more stimulus, top Abe adviser says

Koichi Hamada, a retired Yale University professor advising Prime Minister Shinzo Abe, says the Bank of Japan can add to already unprecedented stimulus if necessary to drive an economic revival. BOJ Gov. Haruhiko Kuroda “should continue to trust in his judgment and ease further” ...

May 29, 2013

Toyota ups board pay amid profits

Toyota Motor Corp., the world’s biggest carmaker, plans to increase compensation and bonuses for board members as it forecasts profit and sales will climb to the highest level in six years. Toyota plans to pay ¥1.1 billion in salaries and ¥428 million in bonuses ...

May 29, 2013

Online titans to profit from nostalgia

by John Naughton

You may have noticed the hullabaloo last week over the news that Yahoo!, a weighty Internet giant, had paid $1.1 billion to acquire Tumblr, a blogging platform allegedly popular with the yoof of today. What you may not have noticed is the declaration by ...

May 29, 2013

'12 traffic accident death toll at 4,411

The number of fatalities as a result of road accidents in 2012 fell by 252 from the previous year to 4,411 for the 12th straight year of decline, thanks mainly to increased use of seat belts and improvements in brake technologies, the government said ...

May 29, 2013

India: Invest in infrastructure

Indian Prime Minister Manmohan Singh said Tuesday he hopes Japanese companies will provide the investment that is needed in India’s infrastructure for economic growth to occur in the South Asian country. At a luncheon meeting hosted by Keidanren, Singh, who is currently visiting Japan, ...

May 29, 2013

Club Med investors in takeover bid

The two main shareholders in upmarket holiday group Club Mediterranee, including a Chinese firm, said Monday that they would make a bid for the company, driving Club Med shares up over 20 percent. The two bidding companies, AXA Private Equity and Chinese conglomerate Fosun, ...

May 29, 2013

Cubs' Fujikawa put on 15-day DL

Chicago Cubs relief pitcher Kyuji Fujikawa was placed on the 15-day disabled list for the second time this season on Monday with a muscle strain in his right forearm. The 32-year-old right-hander made his MLB debut last month for the Cubs after spending 14 ...

May 29, 2013

Inose leaves for St. Petersburg meet

Tokyo Gov. Naoki Inose left for St. Petersburg on Tuesday to deliver a presentation at an international sports seminar involving the three cities bidding to host the 2020 Summer Olympics. In the “Sportaccord Convention,” Tokyo, Istanbul and Madrid will make their presentations Thursday before ...

May 29, 2013

U.K. soldier killing 'inspired jail attack'

Two guards have been injured in an attack at a British maximum security prison, officials said Tuesday, with media reports claiming the assailants were Muslim inmates inspired by the brutal murder of a soldier last week. The prison officers’ union said one of the ...

May 29, 2013

Germany to deploy anti-graffiti drones

Germany’s railway operator plans to deploy minidrones to catch vandals who deface its trains with graffiti, with the aerial vehicles shooting thermal images of its train depots at night. Deutsche Bahn plans to soon start testing the vehicles, which have four helicopter-style rotors and ...

May 29, 2013

GSDF South Sudan duty enlarged

Defense Minister Itsunori Onodera on Tuesday ordered the Ground Self-Defense Forces to expand the area covered by its peacekeeping mission in South Sudan. The GSDF will start preparations in June to expand the coverage to the whole state of Central Equatoria, where Juba, the ...

May 29, 2013

Decision on iPS cell study deferred

A health ministry panel stopped short of approving what would be the world’s first clinical study on induced pluripotent stem cells at its meeting Monday, deferring a decision until its next meeting, expected in July. The iPS cell clinical study was applied for by ...

May 29, 2013

Australia bans odds ads in live sports

Australia will ban the broadcast of betting odds during live sporting matches under new rules unveiled Sunday designed to keep the watching of sports on television separate from the promotion of gambling. Prime Minister Julia Gillard said the government had ordered broadcasters to amend ...

May 29, 2013

ID needed to buy protest materials

Authorities in a protest-hit Chinese city are making people who buy white T-shirts or print or photocopy banners show identity cards and register their real names, state media said Tuesday. The regulations are aimed at preventing further demonstrations against a planned paraxylene (PX) chemical ...

May 29, 2013

Farm minister off to France, Holland

Agriculture, Forestry and Fisheries Minister Yoshimasa Hayashi said Tuesday that he will visit France and the Netherlands for four days from Wednesday. In Paris on Thursday, Hayashi is scheduled to attend an annual ministerial meeting of the Organization for Economic Cooperation and Development’s decision-making ...