Business Topics

TPP talks getting down to nitty-gritty

Chief negotiators from the 12 countries thrashing out the Trans-Pacific Partnership worked on last-minute preparations Wednesday before their ministers and leaders gather in Bali, Indonesia, with the aim of reaching a basic agreement on the free trade pact. “We have been able to arrange what we will report to the ...

Nintendo to drop Wii at home

Oct 2, 2013

Nintendo to drop Wii at home

Nintendo said Wednesday it will stop making its basic Wii game console for the Japanese market, but will keep producing it internationally. The move to abandon the venerable machine, which competes with Microsoft’s Xbox 360 and Sony’s PlayStation 3, will allow Nintendo to focus ...

Oct 2, 2013

Abe trying to strike a delicate balance

by Shinya Ajima

When Prime Minister Shinzo Abe met the news media after deciding to raise the consumption tax next April, he stressed that his administration can pursue economic growth and fiscal discipline at the same time. The declaration Tuesday, which almost sounded as if he was ...

Oct 2, 2013

METI forms team to help small suppliers survive tax hike

The Ministry of Economy, Trade and Industry set up an office Wednesday to ensure small firms can raise the prices of their products supplied to larger companies after the 5 percent sales tax is raised to 8 percent in April, as decided by Prime ...

Driving systems in spotlight at high-tech fair

Oct 2, 2013

Driving systems in spotlight at high-tech fair

Automakers rolled out their advanced driving technologies and IT-equipped vehicles for the opening of Japan’s major high-tech fair Tuesday. More carmakers are joining electronics companies at the CEATEC Japan exhibition this year as vehicles increasingly employ advanced information technology. Honda Motor Co. and Mazda ...

ANA lands 11 Haneda slots; JAL is given five

Oct 2, 2013

ANA lands 11 Haneda slots; JAL is given five

The transport ministry said Wednesday that All Nippon Airways Co. will receive 11 slots in the expanded international flight schedule next March at Tokyo’s Haneda airport while Japan Airlines Co. will get five. ANA has been lobbying for a “fair” allocation of the new ...

Softbank mars credit rating of customers

Oct 2, 2013

Softbank mars credit rating of customers

Softbank Mobile Corp. said that due to a computer programming error, it reported 63,133 customers as “delinquent” to a credit information agency even though they were making installment payments for their mobile phones on time. Credit card companies and financial institutions inquired with the ...

IT startup barters its way into niche

Oct 2, 2013

IT startup barters its way into niche

by Tomoko Otake

At around noon on a recent weekday, the Roppongi branch of Shamrock by Abbot Choice, a Tokyo-based Irish-style pub chain, had a bustling lunchtime crowd. Koichiro Tawa reached for a menu and ordered a hamburger special — with melting cheese, a green salad and ...

Oct 2, 2013

Stock slide takes wind out of dollar

The dollar slid below ¥97.50 in Tokyo trading Wednesday on risk-averse sentiment fueled by stock price falls as well as the continued standstill in the U.S. Congress. At 5 p.m., the dollar stood at ¥97.36-38, off from ¥97.91-93 at the same time Tuesday. The ...

Oct 2, 2013

Nikkei tumbles over 2% on futures-led selling

The Nikkei average tumbled to the lowest closing level in more than three weeks Wednesday, pressured by the yen’s rise and futures-led selling amid uncertainty over the U.S. fiscal deadlock. The Nikkei 225 closed down 314.23 points, or 2.17 percent, at 14,170.49, the lowest ...

'Frack off': U.K. energy debate erupts

| Oct 2, 2013

'Frack off': U.K. energy debate erupts

by Karla Adam

This might seem a bizarre place for a battle over energy policy in Britain. A quaint village with a single pub, a well-attended tea room and a population of about 2,000, Balcombe has become the focal point of a heated debate over hydraulic fracturing, ...