New technological innovations have a tendency to create new business opportunities, and the latest craze, virtual reality, is no exception. With the debut of cutting-edge VR headsets this year, many firms from video game makers, 360-degree-video distributors, arcade operators and cellphone carriers are gearing up to position themselves ahead of ...
China’s Anbang Insurance Group Co is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group , two people involved in the discussions said, in what would be Japan’s biggest property deal since the global financial crisis. ...
The dollar temporarily rose above ¥111 in Tokyo trading Monday, retaking the line for the first time since March 31 as long-term U.S. interest rates inched up. At 5 p.m., the dollar stood at ¥110.90-91, up from ¥110.69-70 at the same time Friday. The ...
The benchmark Nikkei average closed above 18,000 for the first time in more than 10 months Monday, thanks to brisk purchases backed by the yen’s decline. The 225-issue Nikkei average climbed 138.61 points, or 0.77 percent, to end at 18,106.02 on the Tokyo Stock ...
A Bank of Japan policymaker on Monday voiced fears that the uncertainty created by U.S. President-elect Donald Trump’s economic policies will negatively impact the financial markets. “I am particularly concerned about the risks that global financial markets will experience sudden changes against a backdrop ...
Prime Minister Shinzo Abe’s government is pushing for a greater role for fiscal policy next year, according to draft guidelines for the 2017 budget seen by Bloomberg. The government handed the document for Japan’s initial budget for the fiscal year starting in April to ...
In June, hundreds of people thronged a small virtual reality event in Tokyo’s Akihabara district, forcing the organizer to cancel it halfway through. What drew such a big crowd so quickly? A VR-based porn demonstration. “It was unexpected,” said Kento Yoshida, head of the ...
Japan posted a trade surplus for a second straight month in October, according to data released by the Finance Ministry on Monday. The surplus was driven by a continued decline in the value of imports, which have fallen faster than exports. Exports fell 10.3 ...
American International Group Inc., the insurer that’s shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to sell Fuji Life Insurance Co. in Japan. That loss will be partly ...
Pacific Rim leaders pledged on Sunday to advance free trade and regional economic integration in the face of rising protectionism under U.S. President-elect Donald Trump, who remains opposed to a major regional free trade deal. The leaders of the 21-member Asia-Pacific Economic Cooperation forum ...
No-frills fashion. Cheap and cheerful. Call it what you will, Shimamura Co. has a money-making formula for selling clothes in Japan’s moribund economy. Growth in operating income at the country’s second-largest clothing chain has outpaced bigger rival Uniqlo-owner, Fast Retailing Co., for the past ...
Prime Minister Shinzo Abe on Sunday told the Asia-Pacific Economic Cooperation (APEC) summit that free trade is a source of global economic growth and Tokyo intends to keep promoting the policy, a Japanese government spokesman said. The comment comes after Donald Trump’s victory in ...
After more than 10 years of planning, Philadelphia is taking the first steps in transforming an abandoned, overgrown rail line that cuts through the heart of the city into a lush and lively public park. Officials broke ground last month on the first phase ...
