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Apr 12, 2014

White House, spy agencies deny NSA exploited 'Heartbleed' bug

The White House and U.S. intelligence agencies said on Friday that neither the National Security Agency nor any other part of the government was aware before this month of the “Heartbleed” bug, denying a report that the spy agency exploited the glitch in widely ...

G-20 lauds 'Abenomics,' tax hike but not reforms: Aso

Apr 12, 2014

G-20 lauds 'Abenomics,' tax hike but not reforms: Aso

Finance Minister Taro Aso said Friday that Japan’s efforts to boost the economy and restore its precarious fiscal health were welcomed at a two-day meeting of the Group of 20 finance chiefs in Washington. Aso said he explained to his G-20 counterparts that Japan ...

Apr 12, 2014

Japan rejects U.S. proposal to abolish auto tariffs over 30 years

The United States has proposed eliminating tariffs on imported Japanese vehicles over 30 years in bilateral talks related to a wider Pacific free trade pact, but Japan rejected it because the phaseout period is unusually long, sources close to the matter said Friday. The ...

Apr 11, 2014

Japan, U.S. trade chiefs pen in new bid next week to seal TPP deal

Japan’s minister in charge of the Trans-Pacific Partnership free trade talks said Friday he will meet with his U.S. counterpart in Washington next week as they accelerate efforts to resolve outstanding issues before the Japan-U.S. summit later this month. Akira Amari and Michael Froman ...

Apr 11, 2014

Congress top obstacle to TPP deal

by Eric Johnston

Failure by Japanese and U.S. negotiators to reach a Trans-Pacific Partnership agreement is making headlines across Japan and raising concerns about the implications for U.S. President Barack Obama’s trip here later this month. But as two U.S. congressional representatives and a Washington-based group opposed ...

Aid for Ukraine topic at G-7 meet

Apr 11, 2014

Aid for Ukraine topic at G-7 meet

The Group of Seven finance ministers and central bank governors met Thursday in Washington to discuss the need for financial aid in crisis-hit Ukraine and the possibility of additional sanctions against Russia. The discussions “covered the major and recent developments in the global economy ...

Apr 11, 2014

Sales plunge as consumers shun luxury goods after tax increase

Japanese consumers are keeping their wallets firmly closed after the first sales tax hike in 17 years, with luxury items and appliances suffering and one major department store reporting a 25 percent drop in sales. The precipitous plunge comes after millions of shoppers made ...

Some Vaio models pose burn risk: Sony

Apr 11, 2014

Some Vaio models pose burn risk: Sony

Sony Corp. urged consumers Friday to stop using some models of its Vaio Fit 11A computer released in February due to possible battery overheating that could cause burns. Subject to the request are the models SVF11N19EJS, SVF11N1A1J and SVF11N1BAJ. The company is now identifying ...

Tax-free NISA luring individual investors

Apr 11, 2014

Tax-free NISA luring individual investors

by Yoshiaki Nohara and Yuko Takeo

A spring downpour last week wasn’t enough to stop Norito Nagahama from heading to a central-Tokyo brokerage to study up on Japanese stocks. “I’m here because I need to learn about investment,” said Nagahama, 39. “You get little out of bank savings.” The biggest ...

Apr 11, 2014

BOJ policymakers expect exports to stay weak

Some Bank of Japan policymakers said exports may remain weak in the future as companies continue to shift production bases abroad and overseas demand wanes, the minutes of the central bank’s March policy meeting showed Friday. The nine-member Policy Board shared the view that ...