Topics

Jul 22, 2016

Komatsu to buy U.S. mining equipment maker Joy Global

Komatsu Ltd. said that it has agreed to acquire U.S. mining machinery maker Joy Global Inc. for $2.9 billion. Joy Global, based in Milwaukee, Wisconsin, has production bases in the United States, China, Australia and elsewhere. Annual sales totaled $3.2 billion in the year ...

Hurdles mar Japan's renewable energy equation

Jul 22, 2016

Hurdles mar Japan's renewable energy equation

by

At Yamakura Dam, 45 km southeast of Tokyo, construction workers are screwing together a 51,000-piece jigsaw puzzle of floating solar panels. When completed, it will be one of the world’s largest floating solar projects. Roughly 30 percent of the work on the project in ...

Jul 22, 2016

Japan's fiscal health likely to worsen after tax hike delay

The government is likely to project a deteriorating primary balance deficit in fiscal 2018 after delaying the second stage of a consumption tax hike, government sources said Friday. The hike, earlier planned for April, will now take place in October 2019. Cabinet Office projections ...

Jul 22, 2016

Trend Micro warns Japan's smartphone users of fake 'Pokemon Go' apps

Ahead of the much-awaited release in Japan of the blockbuster smartphone game “Pokemon Go,” information security firm Trend Micro Inc. warned Thursday that fake “Pokemon Go” apps are rampant overseas. Trend Micro has confirmed 43 counterfeit products, all of which run on the Android ...

Bank of Japan's Kuroda rules out 'helicopter money'

Jul 21, 2016

Bank of Japan's Kuroda rules out 'helicopter money'

Bank of Japan Gov. Haruhiko Kuroda ruled out the idea of using “helicopter money” — or directly underwriting the budget deficit — to combat deflation, as policymakers gear up to expand existing stimulus programs. Japanese markets have risen this month on speculation that authorities, ...