Business Topics

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Transport ministry tells Takata to investigate air bag problems

Transport minister Akihiro Ota said Friday he has directed Takata Corp. to investigate its defective air bags and that the ministry is directly in touch with the firm over the issue. The ministry usually relies on automakers themselves to report incidents and announce recalls, but in Takata’s case, officials are ...

Nov 22, 2014

EU Parliament mulls breaking up Google to curb its dominance in search

The European Parliament is preparing a nonbinding resolution that proposes splitting Google Inc.’s search engine operations in Europe from the rest of its business as one option to rein in the Internet company’s dominance in the search market. European politicians have grown increasingly concerned ...

Nov 21, 2014

Suntory mulls sale of gym chain Tipness to NTV

Suntory Holdings Ltd. is considering selling health club unit Tipness Ltd. to Nippon Television Holdings Inc. as it tires to unload noncore businesses to help pay for its buyout of U.S. distiller Beam Inc. earlier this year, sources said Friday. Suntory is expected to ...

Nov 21, 2014

Seven-Eleven to go head to head with doughnut stores next year

Convenience store operator Seven-Eleven Japan Co. will take on the nation’s doughnut chains next year by selling its own brand at store counters next year, sources said. Temperature-controlled containers will be installed at the cashier counters in 17,000 stores nationwide, the sources said Thursday. ...

Nov 20, 2014

Citizen Watch opens flagship store in New York

New York JIJI Citizen Watch Co. opened a flagship store in Times Square in New York on Wednesday. The store is the center of the company’s efforts to boost its brand recognition globally, Ryota Aoyagi, executive vice president of the Citizen Holdings Co. unit, ...

Takata set for showdown with U.S. regulators

Nov 20, 2014

Takata set for showdown with U.S. regulators

A showdown is looming between U.S. safety regulators and Tokyo-based Takata Corp. over its air bags linked to multiple deaths and injuries, with carmakers and the driving public caught in the middle. The air bag inflators can explode with too much force, sending metal ...

U.S. safety agency calls for nationwide recall of Takata air bags

Nov 19, 2014

U.S. safety agency calls for nationwide recall of Takata air bags

U.S. safety regulators are demanding that automakers and Takata Corp. expand nationwide a recall of vehicles with certain driver’s side air bags equipped with inflators that can erupt and send metal fragments into the passenger compartment. Previously, cars with the inflators have been recalled ...