May 24, 2012

Mazda tying up with Fiat, plans new roadster

Mazda Motor Corp. said Wednesday it will form a business tieup with Italy’s Fiat, a step that could help it climb out of the red ink it has been mired in since 2008 amid harsh global competition. The automaker has been seeking a new ...

Skytree has elevator glitch on first day

May 23, 2012

Skytree has elevator glitch on first day

Despite cold and rainy springtime weather Tuesday, Tokyo Skytree attracted thousands of people to the new landmark as the world’s tallest tower opened to the public. But the first day didn’t go off without a hitch. High winds forced two elevators to halt at ...

May 16, 2012

Mixi founder seen set to unload stake

Domestic social network pioneer Mixi Inc. has stumbled and the once rising star has been eclipsed by its giant U.S. competitor Facebook and domestic social game operators. A media report Tuesday said Mixi founder Kenji Kasahara may sell his entire 55 percent stake in ...

May 12, 2012

Analysts wary of carmakers’ projections

Although Japanese automakers foresee a strong earnings rebound for the business year ending next March, experts remain cautious about extended gains amid intensifying global competition and persistent strength in the yen. The key points are how they can fight the surging competition in the ...

Toyota profits skyrocket amid recovery from 3/11 disasters

May 10, 2012

Toyota profits skyrocket amid recovery from 3/11 disasters

Toyota Motor Corp. said Wednesday that it expects its group operating profit to nearly triple to ¥1 trillion for the business year ending next March, a sharp recovery from a disaster-plagued year that also saw the yen surge against major currencies. The bullish outlook ...

Weather’s recipe right for twisters

May 8, 2012

Weather’s recipe right for twisters

Sunday’s devastating tornadoes in Ibaraki and Tochigi prefectures were caused by a rare situation attributed in part to a winter that went on for some weeks longer than normal, and a recent sharp rise in surface temperatures, experts said Monday. One person died and ...

May 3, 2012

Japan firms to help create Myanmar bourse

Myanmar, the so-called last frontier for business opportunities in Asia, will be establishing a stock market by 2015 with the help of Japan’s Daiwa Securities Group Inc. and Tokyo Stock Exchange Group Inc. Many Japanese and foreign investors believe that the envisaged stock market ...

Shibuya revitalization kicks off with Hikarie opening

Apr 26, 2012

Shibuya revitalization kicks off with Hikarie opening

The high-rise Shibuya Hikarie shopping and entertainment complex next to Shibuya Station opens Thursday, kicking off projects to revitalize the area known as a teen fashion mecca. The 34-floor glass tower with three basement floors boasts nearly 200 shops, 26 eateries, design and art ...