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| Jul 24, 2015

Nikkei follows Wall Street lower

Stocks turned down Friday, hit by selling ignited by falls in U.S. stocks overnight and the release of disappointing Chinese manufacturing data. The Nikkei 225 average lost 139.42 points, or 0.67 percent, to end at 20,544.53. On Thursday, the key market gauge climbed 90.28 ...

Jul 24, 2015

Administration adopts budget request rules for fiscal 2016

At a Cabinet meeting Friday the Abe administration adopted budget request guidelines for fiscal 2016 that call for a 10 percent cut in discretionary policy spending and set a ¥4 trillion special quota for priority areas, including privatization of public services. Government agencies will ...

Showroom offers taste of what living with a robot will be like

Jul 24, 2015

Showroom offers taste of what living with a robot will be like

What will it be like living with a humanoid robot that can read human emotions and exchange conversations with them? SoftBank Group Corp. began displaying its popular Pepper robots at a house-viewing event in Osaka on Friday to give visitors a taste of such ...

The Nikkei: a media giant with 140 years of history

Jul 24, 2015

The Nikkei: a media giant with 140 years of history

The Nikkei group is the media giant behind the Nihon Keizai Shimbun, which is considered the Bible of Japanese business and has a track record of financial scoops. History Now an international multimedia group, the history of the Nikkei stretches back 140 years. Under ...

Jul 24, 2015

Long history of money-losers for Japan Inc.

Here we go again? Nikkei Inc.’s purchase of Pearson’s FT Group raises once more the question of whether Japanese companies pay too much for overseas acquisitions. Since the 1990s, Japanese acquirers have purchased a series of assets — from the Pebble Beach golf course ...

Jul 24, 2015

Mitsubishi Motors to end U.S. car production: sources

Mitsubishi Motors Corp. has decided to withdraw from vehicle production in the United States as part of its efforts to focus more on growing Asian markets, sources said Friday. The Tokyo-based automaker plans to sell its plant in Illinois, where the company currently manufactures ...

TPP would raise growth, incomes in Japan,  IMF economist forecasts

Jul 24, 2015

TPP would raise growth, incomes in Japan, IMF economist forecasts

A Pacific free trade pact would give a big boost to Japan’s economic growth and individual incomes, according to an International Monetary Fund economist. “It could be annually between 0.2 to 0.3 percent (percentage point) per year as an additional impact on growth,” Luc ...