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Vote by U.S. Congress stokes hope for TPP progress in July

by Eric Johnston

With the U.S. Congress formally granting President Barack Obama trade promotion authority, proponents of the Trans-Pacific Partnership agreement in Japan are hoping at least the broad outlines of a bilateral deal for agriculture and auto parts may be worked out when negotiations resume in July. But with Prime Minister Shinzo ...

Jun 30, 2015

For Japan, lesson from Greek crisis is to keep on spending

As one of the most indebted countries in the developed world, the crisis unfolding in Greece is causing a moment of self-reflection for Japan. But policymakers and economic advisers in Japan are not drawing an uncomfortable lesson about the need for fiscal discipline. Instead ...

Jun 30, 2015

Sharp in 'selective default,' S&P says

Troubled electronics maker Sharp is in “selective default,” ratings agency S&P said, the latest blow to the one-time giant as it struggles to repair a tattered balance sheet. The move comes after Sharp announced that it was issuing preferred securities to its main lenders, ...

| Jun 30, 2015

Nikkei rebounds on buybacks

Stocks turned higher in Tokyo on Tuesday thanks to buybacks after the previous day’s plunge. The 225-issue Nikkei average rose 125.78 points, or 0.63 percent, to end at 20,235.73. On Monday, the key market gauge dived 596.20 points. The Topix finished up 5.58 points, ...

Handwriting isn't on the wall for fax machines

Jun 30, 2015

Handwriting isn't on the wall for fax machines

It may have slipped from its golden age into its golden years, but two decades into the Internet era the fax machine is still, perhaps surprisingly, holding its place in many offices. While it has been reduced to a small player in the rapidly ...

Jun 30, 2015

Greece may find it easier to close banks than reopen them

Capital controls imposed in Greece are likely to stay in place for months and its banks may need billions of euros of new capital or even face nationalization under a lengthy financial rebuilding, industry sources said. The decision to close the banks and impose ...

Jun 30, 2015

Tourists in Greece coping with bank holiday

Tourists on holiday in Greece offered advice to others Monday: bring extra euros. Several reported having some anxious moments over the weekend thanks to empty ATMs and merchants refusing credit cards, but the inconveniences eased as ATMs were replenished Monday. “We were finally able ...