Business Topics

Jun 22, 2015

Largest offshore wind turbine unveiled in Fukushima

A huge floating wind turbine for an experimental offshore power generation project was unveiled Monday at Onahama port in Iwaki, Fukushima Prefecture. With an output capacity of 7,000 kilowatts, the turbine is the largest piece of offshore wind power generation equipment in the world. ...

Russia pipeline deal aids Greece

Jun 20, 2015

Russia pipeline deal aids Greece

Russian President Vladimir Putin said after Friday’s talks with Greek Prime Minister Alexis Tsipras that a prospective Russian natural gas pipeline should help Greece service its debt, but the Kremlin said the question of direct Russian financial aid to Greece had not been discussed. ...

Jun 18, 2015

State still on track to miss fiscal 2020 reform goal

The government is still on track to miss a key fiscal rehabilitation goal in fiscal 2020, government sources said Wednesday. The sources said the government is set to leave its projection for missing the goal unchanged in its upcoming medium- to long-term fiscal estimate. ...

Yellen signals Fed rate hike this year but mum on timing

Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. “Clearly most participants are anticipating that a rate increase this year ...

Trade deficit shrank 76.5% in May compared with year earlier

Jun 17, 2015

Trade deficit shrank 76.5% in May compared with year earlier

The trade deficit shrank 76.5 percent in May from a year earlier to ¥216.0 billion as declining crude oil prices continued to push down imports, the government said Wednesday. But the trade balance remained in the red for the second consecutive month, due partly ...

Jun 16, 2015

Japan to boost regulatory control over auto parts makers

An Upper House committee has approved a law revision to enable the transport ministry to demand defect reports directly from auto parts manufacturers when automakers issue recalls. The bill to revise the Road Transportation Vehicle Act was approved at a meeting of the Upper ...

Jun 14, 2015

Asia-Pacific negotiators end talks without free trade goal

Negotiators from 16 Asia-Pacific countries ended their eighth round of talks to promote a deal that would free up their trade early Sunday, falling short of setting any ambitious goal of eliminating tariffs. The working-level meeting, which began last Monday in Kyoto, involving the ...

Obama's quest for fast-track trade bill on hold in U.S. House

Jun 13, 2015

Obama's quest for fast-track trade bill on hold in U.S. House

A raging battle over President Barack Obama’s request for fast-track authority, seen as central to improving U.S. ties with Asia, will resume in the House of Representatives in the coming week, when lawmakers are expected to try to reverse Friday’s defeat of linchpin trade ...