Business Topics

Automakers end 2014 with strong U.S. car sales

Jan 6, 2015

Automakers end 2014 with strong U.S. car sales

Lifted by an improving economy and falling fuel prices, Japanese automakers ended 2014 on a strong note with Toyota Motor Corp. hitting a double-digit increase in December sales and Honda Motor Co. and Nissan Motor Co. each breaking annual sales records, data released Monday ...

Japan's traders call 2015 pivotal year as oil, yen aid growth

Jan 6, 2015

Japan's traders call 2015 pivotal year as oil, yen aid growth

Japan’s biggest trading houses are calling 2015 a pivotal year for the world’s third-largest economy as cheap oil, easy money and a weaker yen promise to boost growth. Twenty-five years on from the bursting of the bubble economy, which brought decades of deflation, the ...

Jan 6, 2015

Hotel Okura Co. to enter Turkish market

Hotel Okura Co. is planning to enter the Turkish market by operating about five hotels there over the next five years, company officials said. Okura will take a 44 percent stake in a joint venture capitalized at around ¥50 million to be established with ...

Jan 6, 2015

Aeon to reshuffle management, devolve some duties

Supermarket operator Aeon Co. plan to reshuffle its senior management and devolve some duties. The changes are designed to halve the number of executive officers and employees at the holding company in fiscal 2015 and transfer human resources functions to other units. By focusing ...

Weak yen draws surge in foreign tourists

Jan 6, 2015

Weak yen draws surge in foreign tourists

A weaker yen saw more foreigners hopping flights to Japan during the year-end and New Year holidays, the nation’s two main airlines have said. In the holiday period from Dec. 19 to Sunday, the carriers saw foreign passengers increase by 13 percent from a ...

Jan 5, 2015

McDonald's Japan hit by more nugget woes

McDonald’s Japan said Monday it was facing more chicken nugget woes after a customer found a piece of vinyl inside the popular menu item. The company said the foreign object was discovered at an outlet in Misawa, Aomori Prefecture, in a nugget sourced from ...

Chubu Electric eyeing more business in Tokyo area

Jan 5, 2015

Chubu Electric eyeing more business in Tokyo area

Chubu Electric Power Co. envisions engaging in electricity retailing and other business operations in the Tokyo area, expanding from the utility’s traditional service area, company President Akihisa Mizuno has said. A tie-up agreement with Tokyo Electric Power Co. will help Chubu Electric “hold down ...

U.S. sanctions North Korea over Sony cyberattack

Jan 3, 2015

U.S. sanctions North Korea over Sony cyberattack

The United States imposed new sanctions Friday on North Korean government officials and the country’s defense industry over a cyberattack against Sony Pictures Entertainment Inc., insisting that Pyongyang was to blame despite lingering doubts by cybersecurity experts. The White House warned this was just ...

Dec 31, 2014

Forget North Korea, Sony hack may have been an inside job

At least one former employee of Sony Corp. may have helped hackers orchestrate the cyberattack on the company’s film and TV unit, according to security researcher Norse Corp. The company narrowed the list of suspects to a group of six people, including at least ...

Orix interested in managing Kansai International Airport

Dec 30, 2014

Orix interested in managing Kansai International Airport

Major leasing firm Orix Corp. is eying entry into the airport management business, according to its president, Ryo Inoue. The company is making final adjustments for its application with other companies to the first screening in February on the sale of management rights at ...

Dec 30, 2014

Nippon Yusen to pay $59 million in U.S. fines

Nippon Yusen K.K. said Tuesday it has agreed to pay $59.4 million in fines in the United States for its alleged involvement in a conspiracy to fix prices and engage in other unfair practices in automobile ocean shipping services. Nippon Yusen’s decision to enter ...