Business Topics

Aug 3, 2016

Mercari mulls additional funding after clinching U.S. foothold

Japan’s first startup unicorn is considering a new fundraising round to maintain momentum after a spike in U.S. downloads for e-commerce company Mercari Inc. The company’s free mobile app, which matches individual buyers and sellers, jumped to No. 3 in the U.S. download rankings ...

Aug 3, 2016

Toyota, Daihatsu jointly debut new 'green' cars in Indonesia

Toyota Motor Corp. and Daihatsu Motor Co. jointly launched two different cars in Indonesia on Tuesday, a day after Toyota acquired all of Daihatsu’s shares. “It is a new relationship between Daihatsu and Toyota,” Daihatsu President Masanori Mitsui said during the launch in the ...

Aug 2, 2016

Honda's quarterly profit sinks 6% after Kumamoto quake damage

Honda Motor Co. recorded a better-than-expected ¥174.6 billion profit ($1.7 billion) for the fiscal first quarter, as it gradually recovers from damage caused by the earthquakes in Kumamoto Prefecture. Honda said Tuesday that April to June profit fell 6 percent from a year ago, ...

Clouds lifting for Japan's banks as negative rates stay put

Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from ...

Aug 1, 2016

Toyota completes full takeover of Daihatsu

Toyota Motor Corp. has taken full control of minivehicle maker Daihatsu Motor Co. in a bid to boost the group’s competitiveness in emerging markets by accelerating its development of small vehicles. The transition was completed Monday. Toyota, the world’s top automaker in terms of ...

Train featuring Japanese athletes debuts on Yamanote Line

Aug 1, 2016

Train featuring Japanese athletes debuts on Yamanote Line

A special Yamanote Line train designed to cheer on Japanese athletes at the Rio de Janeiro Olympics made its debut Monday on Tokyo’s busy loop line. East Japan Railway Co. (JR East) designed the 11-car train in conjunction with Nippon Telegraph and Telephone Corp., ...