Business Topics

May 19, 2013

U.S. stocks reach new record highs

U.S. stocks closed out another week of new record highs Friday. Optimistic reports on consumer confidence and the economic outlook drove a rally that pushed the Dow and S&P 500 to end-of-the-week records highs for the third straight week. Over the week, the Dow ...

'Abenomics' turns Japan into global investor target

May 18, 2013

'Abenomics' turns Japan into global investor target

by Shamim Adam

Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China. The number of respondents who are more optimistic than pessimistic ...

JGB yield spikes raise alarm bells

May 18, 2013

JGB yield spikes raise alarm bells

by Reiji Yoshida

Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan’s long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and ...

May 18, 2013

Resona in Malaysian bank tieup for Asian expansion

Resona Holdings Inc., the nation’s fifth-largest bank by market value, is poised to tie up with Malaysia’s Public Bank Bhd. as part of its efforts to expand in Asia. Resona will sign an agreement with Malaysia’s third-biggest lender on Monday to serve Japanese companies ...

Proposed fracking rules hit by green, oil groups

May 18, 2013

Proposed fracking rules hit by green, oil groups

The Obama administration drew sharp criticism from environmental and oil industry groups Thursday when it issued a new draft of regulations for fracking on federal and Indian lands. Environmental groups said the new draft provides weaker water protections than a version the Interior Department ...

May 18, 2013

Game maker GungHo blows by rivals

by Kazuaki Nagata

GungHo Online Entertainment Inc.’s presence on the stock market has been growing rapidly on the growth of its monstrously popular smartphone game “Puzzle and Dragons.” After starting the year at ¥84,200, GungHo’s stock price had climbed to ¥1.26 million at Friday’s close on the ...

May 18, 2013

Modec, Saga tie on tide-wind gambit

Modec Inc., a maker of floating oil platforms, and the Saga Prefectural Government have announced they will conduct this autumn the world’s first experiment to generate electricity from a combination of tidal and wind systems. The combination is expected to help increase stability and ...

May 18, 2013

Panasonic to source H.K. batteries

Struggling electronics maker Panasonic Corp. plans to procure small lithium-ion batteries for smartphones from a Hong Kong firm, sources said Friday. Sales of the batteries made by Amperex Technology Ltd., a Hong Kong-based subsidiary of TDK Corp., might start by the end of the ...

Employment rate for college grads hits 93.9%

May 18, 2013

Employment rate for college grads hits 93.9%

The employment rate for people who graduated from college in March rose for the second straight year, standing at 93.9 percent on April 1, the start of the business year, up 0.3 percentage point from a year earlier, the government said Friday. The employment ...

Aeon sets 50% female manager goal

May 18, 2013

Aeon sets 50% female manager goal

Retail giant Aeon Co. plans to have women filling 30 percent of managerial positions by 2016 and 50 percent by 2020, President Motoya Okada said. Only around 10 percent of all managers at its roughly 200 group companies are women, due in part to ...

May 18, 2013

Salaries slipped again in 2012

The monthly pay of private-sector workers in Japan averaged ¥313,695 in fiscal 2012, down 0.7 percent from the previous year, as the nation’s ranks of part-time workers expanded, the government said Friday. Pay dropped for the second consecutive year, the Health, Labor and Welfare ...