Topics

Apr 18, 2014

Dollar firms on upbeat U.S. data

The dollar gained ground and traded around ¥102.50 in Tokyo trading Friday, attracting purchases thanks chiefly to upbeat U.S. economic data released overnight. At 5 p.m., the dollar stood at ¥102.37-42, up from ¥102.02-03 at the same time Thursday. The euro was at $1.3818-3819, ...

Apr 18, 2014

Nikkei inches up amid thin pre-Easter trading

Stocks gained ground Friday in extremely thin trading ahead of the weekend and holiday closures in overseas markets. The 225-isssue Nikkei average ended up 98.74 points, or 0.68 percent, at 14,516.27. On Thursday, the key market gauge edged down 0.15 point. The Topix index ...

Apr 18, 2014

Chubu Electric gets OK to hike rates 3.77%

The Ministry of Economy, Trade and Industry on Friday approved Chubu Electric Power Co.’s request to raise household electricity prices by an average of 3.77 percent. The hike, which takes effect May 1, will make the regional utility the seventh to raise electricity rates ...

Apr 18, 2014

Sharp to build solar complex within hot zone

Sharp Corp. said it will build a large 2,200-kw solar power plant in the town of Tomioka, which is within an evacuation advisory area around the crippled Fukushima No. 1 nuclear plant. Under an agreement with the town, Sharp plans to begin construction in ...

Drones may take Net to far corners

Apr 18, 2014

Drones may take Net to far corners

The shortest path to the Internet for some remote corners of the world may be through the skies. That is the message from U.S. tech giants seeking to spread the online gospel to hard-to-reach regions. Google took a step in that direction this week ...

Apr 18, 2014

Fit-based crossover gets U.S. push

by Alan Ohnsman

Honda Motor Co. is expanding its lineup with the HR-V sport-utility vehicle in an effort to boost sales by tapping a growing U.S. market for small crossovers. The 2015 HR-V, which shares a platform with the subcompact Fit hatchback, will debut “this winter,” the ...

Toyota looks to overhaul Scion brand

Apr 18, 2014

Toyota looks to overhaul Scion brand

by Alan Ohnsman

Toyota Motor Corp.’s Scion line, a U.S. experiment intended to win over young buyers with idiosyncratic designs and low prices, will overhaul its lineup amid fading sales as the brand reaches adolescence. Beginning in 2015, 12 years after Scion’s establishment as Toyota’s third U.S. ...

Apr 18, 2014

Over half of households own smartphones: government survey

A Cabinet Office survey has found that 54.7 percent of households in Japan owned at least one smartphone as of the end of March. The survey, released Thursday, also found that the number of smartphones per 100 households stood at 101.5 units. The results ...

Apr 18, 2014

Blizzards weigh on tertiary index

The tertiary industry activity index for February fell 1.0 percent from the previous month as hotels, restaurants and other service-related industries lost business to unseasonably heavy snow, the Ministry of Economy, Trade and Industry said Friday. The February index stood at 100.6 against the ...

Apr 18, 2014

Nissan, MMC plan electric minicar

Nissan Motor Co. said Friday it will develop an electric minivehicle with Mitsubishi Motors Co. with an eye to selling it from fiscal 2015. Mitsubishi Motors currently sells the i-MiEV electric minicar, buts sales have been sluggish due to a lack of infrastructure, such ...

Japan, U.S. still in TPP stalemate

Apr 18, 2014

Japan, U.S. still in TPP stalemate

by Kakumi Kobayashi

Japan and the United States are still “in stalemate” over key items holding up the Trans-Pacific Partnership pact, Tokyo’s TPP minister, Akira Amari, said Thursday during the latest round of ministerial talks. Amari told reporters that he and U.S. Trade Representative Michael Froman will ...