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| May 25, 2015

Nikkei ends higher for fourth session

The benchmark Nikkei average rewrote its 15-year closing high for the fourth straight session on the Tokyo Stock Exchange on Monday, boosted by purchases of export-oriented issues on the back of the yen’s weakening against the dollar. The 225-issue Nikkei average climbed 149.36 points, ...

| May 25, 2015

Fed remarks push dollar above ¥121.50

The dollar advanced above ¥121.50 in Tokyo trading Monday, underpinned by strong U.S. inflation data and U.S. Federal Reserve Chair Janet Yellen’s remarks suggesting an interest rate hike later this year. At 5 p.m., the dollar stood at ¥121.63-63, up from ¥120.73-74 at the ...

Giants Sharp, Toshiba face dire prospects

| May 25, 2015

Giants Sharp, Toshiba face dire prospects

by Tomoyuki Tachikawa

Several electronics makers have regained profitability largely thanks to restructuring measures and the weakening of the yen, but Sharp Corp. and Toshiba Corp. are unlikely to catch up with their domestic rivals soon. Struggling Sharp’s latest rehabilitation plan got a cold reception from the ...

Japan slides back into trade deficit, erasing March surplus

May 25, 2015

Japan slides back into trade deficit, erasing March surplus

Japan swung back into a trade deficit in April after logging its first surplus in almost three years in March, but the shortfall shrank drastically year on year, thanks to stronger exports and lower energy bills, official data showed Monday. The monthly deficit came ...

May 24, 2015

BOJ chief Kuroda stays on message at ECB Forum in Portugal

Bank of Japan Gov. Haruhiko Kuroda said Saturday at a forum in Portugal that Japan is overcoming the deflation that has plagued its economy for nearly two decades, according to the text of his speech released Sunday by the central bank. Referring to “positive ...

May 24, 2015

As European antitrust case looms, has Google already peaked?

As Google faces an antitrust probe from European regulators, some analysts are questioning whether the California tech giant’s dominance has already peaked. While Google remains one of the world’s biggest companies, with overwhelming dominance of Internet search, its prospects are less rosy in a ...

Tottori Starbucks opening draws 1,000 people

May 23, 2015

Tottori Starbucks opening draws 1,000 people

About 1,000 people lined up Saturday for the opening of the first Starbucks outlet in Tottori Prefecture. Japan’s least populated prefecture was the last in which the coffee chain lacked a presence. The outlet, near a train station in the city of Tottori, the ...