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| Jul 31, 2013

Pirates aim to end epic futility streak

by Dave Wiggins

It’s hard to feel sorry for Pittsburgh sports fans, given all the Super Bowls, Stanley Cups and World Series titles their pro teams have won over the years. Pittsburgh even calls itself “The City of Champions”. Still, though, you would have to be pretty ...

Jul 30, 2013

Tokyo forex market hit record trading volume in April

The Tokyo interbank foreign exchange market marked a record-high trading volume in April, on the back of Prime Minister Shinzo Abe’s vigorous economic policy, data showed Monday. The average daily trading volume came to $348.1 billion, up 15.8 percent from six months before and ...

Jul 30, 2013

Low-lying ward boosts rain forecasts

by Masaaki Kameda

Susceptible to flooding, Tokyo’s Edogawa Ward, 70 percent of which is below sea level at high tide, will start posting rainfall forecasts on its website from Thursday in a pilot program aimed at improving its flood control as much of the nation grapples with ...

Jul 30, 2013

1% real growth projected for next year

The government expects the economy to grow around 1.0 percent in price-adjusted terms during fiscal 2014, assuming the consumption tax will be hiked to 8 percent next April, officials said Tuesday. The pace of growth is expected to be slowed by the tax hike ...

Jul 30, 2013

ANA blames ¥6.6 billion quarterly loss on yen, 787

All Nippon Airways said Tuesday it swung into a loss for the April-June quarter as fuel costs soared and problems with its fleet of Boeing Dreamliners weighed on results. ANA lost ¥6.6 billion, reversing a small profit from a year earlier, while revenue climbed ...

Jul 30, 2013

Japan home battery rental service draws 1,000 applicants

A rechargeable battery rental service jointly offered by Orix Corp. and NEC Corp. for single-family homes in the Tokyo area has drawn around 1,000 applicants ahead of the August start of the launch, according to a company source. The service, offered by One Energy ...

Jul 30, 2013

No drug data manipulation: Novartis

Novartis Pharma K.K. said Monday it could find no evidence a former employee manipulated or altered clinical research data for the drugmaker’s Diovan blood pressure-lowering drug. Although Kyoto Prefectural University of Medicine said earlier the data had been manipulated, a third-party investigation has found ...

7-Eleven wizard, 80, to take on U.S.

Jul 30, 2013

7-Eleven wizard, 80, to take on U.S.

by Yuki Yamaguchi

Over the past 39 years, Toshifumi Suzuki has expanded 7-Eleven to 50,000 outlets, more than any other retail chain. Now, at the age of 80, he says he has no interest in retiring. He’s got too much work to do. “I’m not thinking about ...

Loeb presses Sony on IPO, blasts film flops

Jul 30, 2013

Loeb presses Sony on IPO, blasts film flops

Sony Corp. investor Daniel Loeb, pressing the case for an initial public offering of the company’s entertainment unit, has leveled new criticism at management of the company’s film and television studio. Sony Pictures Entertainment “is characterized by a complete lack of accountability and poor ...

Jul 30, 2013

Tepco stalling spurs NRA to up scrutiny

The Nuclear Regulation Authority will beef up monitoring at the crippled Fukushima No. 1 power plant, an NRA official said Tuesday, after Tokyo Electric Power Co. came under fire for its apparent delayed revelation that radioactive groundwater had reached the Pacific. The revelation triggered ...

Judo chief to quit early over abuse, fund fiasco

Jul 30, 2013

Judo chief to quit early over abuse, fund fiasco

All Japan Judo Federation Chairman Haruki Uemura announced during an extraordinary board meeting Tuesday that he will resign in August over the physical abuse meted out by coaches and the misuse of funds. Vice Chairmen Hiroaki Fujita and Nobuyuki Sato, Secretary-General Koshi Onozawa and ...

Jul 30, 2013

China: Iijima's report of Abe-Xi summit 'fabricated'

Beijing has no plan to hold a summit between Chinese President Xi Jinping and Prime Minister Shinzo Abe in the near future, the China Daily reported Tuesday, citing a Chinese government official who dismissed recent remarks by a close Abe adviser on a possible ...

Yokota said candidate for Ospreys

Jul 30, 2013

Yokota said candidate for Ospreys

Gen. Herbert Carlisle, commander of the U.S. Pacific Air Forces, indicated Monday that besides the Kadena base in Okinawa, Yokota Air Base in western Tokyo is a possible candidate site to host CV-22 Osprey transport aircraft. Speaking to reporters in Washington, Carlisle said discussions ...