Topics

Jul 27, 2016

Mitsui to invest in growing Asia hospital business

Mitsui & Co. said Wednesday that it will invest in the Columbia Asia group, which operates medical institutions in Asia. The major Japanese trading house will invest $101 million in the group’s holding company, International Columbia U.S. LLC, to acquire a 16.2 percent stake ...

Jul 27, 2016

Line posts a profit in its first report card since global IPO

Line Corp. posted a profit in its first earnings report since ushering in the year’s biggest technology debut, as monthly active users rose to 220 million. Japan’s largest mobile messaging service announced ¥2.56 billion ($24.3 million) of net income in the six months through ...

Airbnb home-sharing war heats up in Japan

Jul 27, 2016

Airbnb home-sharing war heats up in Japan

Sarah Takeda thought she had a good little business renting a traditional tatami-mat room in her house on Airbnb. But she and other hosts in Japan are learning the hard way that the home-sharing site’s fastest-growing market is also becoming the next flash point ...

Favored by Obama, TPP deal draws ire at Dem, GOP conventions

Jul 27, 2016

Favored by Obama, TPP deal draws ire at Dem, GOP conventions

It is 30 chapters long and almost nobody has read it, but the Trans-Pacific Partnership trade deal is the unlikely villain at both political conventions. In Philadelphia this week, opponents interrupted Democratic National Convention speakers with chants of “No TPP” and expressed relief that ...

Jul 26, 2016

TDK, NHK Spring searched over alleged price cartel

The Fair Trade Commission searched the offices of TDK Corp. and NHK Spring Co. on Tuesday on suspicion they formed a price cartel for electronics parts for hard disk drives, sources said. The two manufacturers of electronics components have allegedly set retail prices for ...