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McDonald's to pay ¥170 million in retirement benefits to Harada

McDonald’s Holdings Co. (Japan) said Thursday the group will pay ¥170 million in retirement benefits to Eiko Harada, who stepped down as chairman of the holding firm on Wednesday. The group, including subsidiary McDonald’s Co. (Japan), will also pay him ¥169 million as remuneration for 2014, according to an annual ...

Mar 27, 2015

South Korea fines Japan's Denso, NGK Spark Plug for price-rigging

South Korea’s Fair Trade Commission said Thursday it had slapped fines totaling 3.5 billion won (about $3.1 million) on five auto parts suppliers, including Japan’s Denso Corp. and NGK Spark Plug Co., for forming a price-fixing cartel. The two Japanese firms, their local units ...

Mar 27, 2015

Some TPP nations seek exemption from investor-state lawsuit rule: WikiLeaks

Some of the 12 countries negotiating the Trans-Pacific Partnership free trade pact demanded they be exempted from the proposed litigation rule involving corporation and state, according to a purported negotiation text released by anti-secrecy website WikiLeaks. It’s not known whether such demands remain on ...

Mar 27, 2015

Otsuka Kagu president fends off father's attempt to oust her

Shareholders of upscale furniture store operator Otsuka Kagu Ltd. embroiled in a proxy battle over who within the founding family should control the company voted in favor of its president on Friday, allowing her to continue managing the firm. The closely watched dispute between ...

Tim Cook joins roster of rich giving away their wealth

Mar 27, 2015

Tim Cook joins roster of rich giving away their wealth

Apple Inc. Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity ...

Mar 26, 2015

Toho Zinc to restore Australian mine output amid global deficit

Toho Zinc Co., Japan’s third-biggest producer of the metal, will restore full capacity at its Rasp mine in Australia around the middle of this year after improving access to high-grade ore deposits. Production of zinc concentrate at the site in New South Wales will ...

Mar 26, 2015

Domestic auto output fell 5.8% on year in February

The combined domestic production of Toyota Motor Corp. and seven other Japanese carmakers fell 5.8 percent year on year to 771,945 units in February, down for the eighth month straight, data released by the companies says. The results, released Wednesday, underscored that last April’s ...

Mar 26, 2015

LNG export project kicks off in Maryland

A ground-breaking ceremony was held in Cove Point, Maryland, on Wednesday for facilities related to a project to export liquefied natural gas to Japan. The project, which involves Sumitomo Corp., will see some 2.3 million tons of LNG shipped to Japan annually after the ...

Mar 26, 2015

'Reflationist' economist Harada appointed to BOJ Policy Board

The government on Thursday appointed former Waseda University economics professor Yutaka Harada to the Bank of Japan Policy Board. Harada succeeds Ryuzo Miyao, a former economics professor at Kobe University whose five-year term on the nine-seat board ended Wednesday. A University of Tokyo graduate, ...