Retail power slow to make inroads despite nuclear crisis

| Apr 17, 2012

Retail power slow to make inroads despite nuclear crisis

Regional utilities have long dominated the power market, but companies and local governments are starting to get interested in new retailers offering much cheaper rates. This rise is especially true since the Fukushima No. 1 crisis erupted last year and its operator, Tokyo Electric ...

Apr 13, 2012

Hirai announces Sony’s turnaround strategy

Sony Corp., which expects to suffer a record loss for the latest business year, announced Thursday it is considering tying up with rivals to get its money-losing TV business back into the black by the end of March 2014. The company also confirmed that ...

Apr 12, 2012

Myanmar taps TSE to build stock exchange

Tokyo Stock Exchange Group Inc. and Daiwa Securities Group Inc. said Wednesday they have reached an agreement with the central bank of Myanmar to set up a stock exchange and help grow a capital market in the country. Myanmar aims to establish a stock ...

Toyota, Nissan primed for comeback

Apr 10, 2012

Toyota, Nissan primed for comeback

Automakers were among the companies most heavily damaged by the March 11 earthquake and tsunami last year, but the road to recovery was fast and their plants are getting ready to make up for lost time. During an inspection tour of Nissan Motor Co.’s ...

AIJ’s president again denies intent to defraud investors

Apr 4, 2012

AIJ’s president again denies intent to defraud investors

Kazuhiko Asakawa, president of scandal-tainted AIJ Investment Advisors Co., repeated Tuesday in his second appearance before the Diet that he had no intention of deceiving corporate pension fund clients, prompting criticism from lawmakers and other witnesses. During his unsworn testimony before the Upper House ...

AIJ head’s Diet apology skips how cash vanished

Mar 28, 2012

AIJ head’s Diet apology skips how cash vanished

The president of scandal-hit AIJ Investment Co., Kazuhiko Asakawa, admitted Tuesday in the Diet that he had covered losses in corporate pension funds and promised false returns to lure clients. Making his first public appearance since the firm’s massive losses of pension funds came ...

Mar 28, 2012

Hon Hai firms to acquire top Sharp stake

Sharp Corp. said Tuesday it will sell its new shares to Taiwan’s Hon Hai Precision Industry Co. and its three group firms to help boost profitability in the fierce global display rivalry, making the Taiwanese group collectively the largest Sharp shareholder with a stake ...

Mar 16, 2012

Lifenet first online insurer to be listed

Lifenet Insurance Co. debuted Thursday on the Mothers startup market at the Tokyo Stock Exchange, becoming the nation’s first listed life insurer that operates only online. Its initial share closing price, however, was a tad off the IPO price. Taking advantage of its low-cost ...

Mar 13, 2012

AIJ fiasco points to wider abuses

The fiasco at AIJ Investment Advisors Co. is not only threatening the retirement prospects of more than 880,000 people, it is also raising fears that more corporate pension money is being misinvested. AIJ’s loss may force its client companies to slash pension benefits, raise ...

Summer power crunch looms large

| Mar 10, 2012

Summer power crunch looms large

As the closure of the nation’s 54th and final reactor approaches, businesses and think tanks are starting to wonder whether Japan can survive next summer without atomic energy and a mandatory power-saving order. Japan has survived a winter and a summer without its full ...