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Oct 20, 2014

Casino legalization delay likely, Komeito official says

The plan to legalize casino gambling has likely been delayed again, a senior Komeito official said Monday, dealing a further political blow to Prime Minister Shinzo Abe. Casino operators such as Las Vegas Sands, Genting Singapore, MGM Resorts and Melco Crown Entertainment are waiting ...

BOJ maintains most regional assessments despite tax-hike impact

Oct 20, 2014

BOJ maintains most regional assessments despite tax-hike impact

The Bank of Japan on Monday maintained most of its regional economic assessments, downgrading only one of nine regions, saying the economy has been recovering moderately despite some weakness following April’s consumption tax increase. The bank released a quarterly report on local economies, where ...

| Oct 20, 2014

Nikkei rebounds, rises almost 4%

Stocks rebounded sharply Monday on the back of receding worries over the global economy, with the Nikkei 225 average topping the psychologically important 15,000 threshold for the first time in three market days. The benchmark Nikkei surged 578.72 points, or 3.98 percent, to close ...

Oct 20, 2014

Business execs fret over fallout from political turbulence

Business leaders voiced concern Monday about political stability after Prime Minister Shinzo Abe’s new trade and justice ministers stepped down within hours of each other over separate scandals. The resignations of Yuko Obuchi and Midori Matsushima come at a bad time for Abe, who ...

Oct 20, 2014

GPIF to boost share allocation to about 25%, Nikkei reports

Japan’s $1.2 trillion retirement fund will increase its allocation target for shares to about 25 percent from 12 percent, the Nikkei newspaper reported without attribution. The Government Pension Investment Fund will also boost its holdings of foreign bonds and stocks to about a combined ...

Japan's first homegrown airliner finally unveiled

Oct 18, 2014

Japan's first homegrown airliner finally unveiled

Mitsubishi Aircraft Corp. on Saturday finally unveiled Japan’s first homegrown passenger jet following three delays. The subsidiary of Mitsubishi Heavy Industries Ltd. rolled out the new twin-engine Mitsubishi Regional Jet at a plant in the town of Toyoyama, Aichi Prefecture, where the midsize aircraft ...

Oct 18, 2014

Twitter to reconfigure users' timelines with 'relevant' messages

Twitter said Friday it will start reconfiguring its users’ timelines with “relevant” messages from people they haven’t bothered to follow at the service. Based on a positive response from its tests, the popular one-to-many messaging service is inching toward the Facebook model of using ...