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| Jul 2, 2015

Stocks firm on N.Y. gains, yen fall

Stocks in Tokyo climbed Thursday, backed by higher U.S. equities and a weaker yen. The Nikkei jumped 193.18 points, or 0.95 percent, to end at 20,522.50. On Wednesday, the key market gauge was up 93.59 points. The Topix climbed 11.83 points, or 0.72 percent, ...

Jul 2, 2015

BOJ must achieve 2% inflation target, new board member Funo says

The Bank of Japan’s newest board member Yukitoshi Funo said the central bank must achieve its price target, indicating his support for Gov. Haruhiko Kuroda. “The 2 percent inflation target must be met” Funo, a former executive of Toyota Motor Corp., said in his ...

Jul 2, 2015

Top automakers pony up ¥6 billion for hydrogen stations in Japan

Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. will together spend around ¥5 billion to ¥6 billion over the next five years to help build hydrogen stations for fuel-cell vehicles in Japan. The financial assistance, designed to partially cover the operating expenses ...

Jul 2, 2015

Japan, U.S. might resume TPP talks next week

The Japanese and U.S. governments are considering resuming working-level talks related to the Trans-Pacific Partnership negotiations on July 9, according to informed sources. Through the talks, Tokyo and Washington hope to find common ground on pending issues on the multilateral free trade deal, including ...

Jul 2, 2015

Firms forecast consumer prices to rise 1.4% over a year

Companies in Japan expect year-on-year inflation to hit 1.4 percent a year from now, the Bank of Japan said in a survey report Thursday. The estimate was unchanged from the previous survey three months ago, and cautious compared with the 2 percent increase the ...

Jul 2, 2015

Robot kills man at Volkswagen plant in Germany

A robot has killed a contractor at one of Volkswagen’s production plants in Germany, the automaker said Wednesday. The man died Monday at the plant in Baunatal, about 100 kilometers (62 miles) north of Frankfurt, VW spokesman Heiko Hillwig said. The 22-year-old was part ...

Jul 2, 2015

PayPal buys international money-sending service Xoom

Online payment titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million. PayPal, a subsidiary of eBay, will pay $25 per share of Xoom in what amounts to a premium of 32 percent over the stock’s ...

Jul 2, 2015

U.S. probes whether airlines collude to keep airfares high

The U.S. Department of Justice said on Wednesday it is investigating whether U.S. airlines worked together illegally to keep airfares high by signaling plans to limit flights. The Justice Department wrote to major U.S. air carriers demanding that they detail decisions to limit the ...