Topics

Former Sogo chief Hiroo Mizushima dies at 102

Aug 21, 2014

Former Sogo chief Hiroo Mizushima dies at 102

Hiroo Mizushima, the former chairman of failed department store chain Sogo Co., has died of heart failure at a Tokyo hospital at the age of 102, it was learned Thursday. Mizushima, who was at the helm of Sogo for nearly 40 years, passed away ...

Aug 21, 2014

Japan logs record 1.27 million foreign visitors in July

About 1.27 million foreigners came to Japan in July, surging 26.6 percent from a year ago and the highest figure ever for a single month, government data show. The 7.53 million visitors received in the first seven months of the year also constitute a ...

Aug 21, 2014

Denso hit with $2 million fine over bid-rigging in Canada

Denso Corp., the nation’s largest manufacturer of electronic auto parts, said Thursday it had been fined $2.45 million Canadian dollars (¥200 million) by a court in Canada for breaking the competition law by rigging bids on transactions in several kinds of auto parts. The ...

Aug 21, 2014

U.S. job market gains yet to convince Fed to hike rates

The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn’t want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting. Policymakers “generally agreed” improvements in ...

| Aug 20, 2014

Greenback tops ¥103 in Tokyo

The dollar rose above ¥103 in Tokyo trading Wednesday, thanks to purchases on a stronger-than-expected U.S. economic indicator, as well as speculative buying. At 5 p.m., the dollar stood at ¥103.29-29, up from ¥102.59-60 at the same time Tuesday. The euro was at $1.3293-3293, ...

Government panel to launch review of JAL bailout

Aug 20, 2014

Government panel to launch review of JAL bailout

A new government panel is due to begin a review of the financial support given to Japan Airlines, or JAL, as part of a bailout package under the previous administration. The review, which will start next month, is taking place in response to criticism ...

Aug 20, 2014

Government eyes commercializing next-generation domestic aircraft by 2030

The technology ministry will launch research and development in fiscal 2015 aimed at commercializing next-generation domestically manufactured passenger airplanes by around 2030, according to ministry officials. Although Mitsubishi Aircraft Corp. is developing small MRJ passenger jets, aircraft development requires a huge amount of money ...