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Chief U.S. trade negotiator says TPP deal is within sight

The top U.S. trade official told lawmakers Tuesday that the ambitious Trans-Pacific Partnership could be wrapped up within months as he urged Congress to back the administration’s trade agenda. In testimony to congressional committees, U.S. Trade Representative Michael Froman said the administration is looking to lawmakers to pass bipartisan legislation ...

| Jan 28, 2015

Dollar holds steady in Tokyo around ¥118

The dollar was solid around ¥118 in Tokyo trading Wednesday, with investors refraining from trading aggressively before the release of a monetary policy statement by the U.S. Federal Reserve later in the day. At 5 p.m., the dollar stood at ¥118.13-15, up from ¥118.03-04 ...

Jan 28, 2015

Sony teaming with Aeon for share of budget smartphone market

Sony Corp. and major retailer Aeon Co. are planning a foray into the market for lower-priced smartphones, according to sources. From this spring at the earliest, Sony intends to sell earlier models of its Xperia smartphones at Aeon outlets at about half the price ...

Huis Ten Bosch theme park to get hotel staffed by robots

Jan 28, 2015

Huis Ten Bosch theme park to get hotel staffed by robots

A hotel with robot staff and face recognition instead of room keys will open this summer in Huis Ten Bosch in Nagasaki Prefecture, the operator of the theme park said Tuesday. The two-story Henn na Hotel is scheduled to open July 17. It will ...

Jan 28, 2015

JR Kyushu on track for stock listing in fiscal 2016

The transport ministry said Tuesday it will list Kyushu Railway Co. on the stock market in fiscal 2016 as the company becomes Japan’s fourth national rail operator to go private. JR Kyushu is currently owned by the government. It is one of the seven ...

Jan 28, 2015

Aeon announces tie-up with major Vietnamese retailers

Retail giant Aeon Co. said it has formed a capital and business tie-up with two of Vietnam’s major retailers in a bid to expand its business in the country. The company said Tuesday it has decided to take a 30 percent stake in Fivimart ...

Jan 28, 2015

Car parts firm Sanden agrees to pay U.S. fine for price-fixing

The U.S. Justice Department says Japanese automotive parts maker Sanden Corp. has agreed to plead guilty and pay a $3.2 million fine for its role in a price-fixing cartel for compressors used in air conditioning systems. Gunma Prefecture-based Sanden allegedly conspired to rig prices ...

Jan 28, 2015

Major paving firms allegedly rigged bids for 3/11 projects

The Fair Trade Commission has searched the offices of 13 major road-paving firms on suspicion they violated the anti-monopoly law by rigging their bids for projects to repair expressways damaged by the March 2011 earthquake and tsunami in the Tohoku region. Among the companies ...

Jan 28, 2015

U.S. new home sales jumped 11.6% in December

Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said Tuesday that new home sales climbed 11.6 percent last month to a seasonally adjusted annual rate of 481,000. The ...

Jan 28, 2015

Linux makers release patch to thwart new 'Ghost' cyberthreat

Red Hat Inc. and other makers of the widely used Linux operating system for business computers updated their software on Tuesday to thwart a serious new cybe threat they warned could allow hackers to gain remote control of their systems. The previously undisclosed vulnerability, ...

| Jan 27, 2015

Dollar edges down to ¥118.03 in Tokyo

The dollar briefly dropped below ¥118 in late Tokyo trading Tuesday, pressured chiefly by selling by European players. At 5 p.m., the dollar stood at ¥118.03-04, down from ¥118.17-18 at the same time Monday. The euro was at $1.1249-1249, up from $1.1237-1238, and at ...