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Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...

Aug 16, 2014

Keikyu wants to invest in casinos

Railway Keikyu Corp. said it is aiming to open an integrated resort facility featuring a casino to tap the increase in foreign tourists. Subject to the enactment of gambling bills, Keikyu plans to build the facility on Yamashita pier in Yokohama or in Tokyo’s ...

FedEx indicted on new criminal charges in online pharmacy case

Aug 16, 2014

FedEx indicted on new criminal charges in online pharmacy case

FedEx Corp. faces a new charge of conspiring to launder money in a U.S. criminal case over the company’s drug deliveries for rogue online pharmacies despite warnings from law enforcement. The latest indictment, filed in court on Friday, said FedEx accepted payment from several ...

Aug 15, 2014

64% of small firms to issue pay hikes this year: METI

A Ministry of Economy, Trade and Industry survey revealed Friday that 64.5 percent of the nation’s small companies have decided to raise pay this fiscal year, up from 56.8 percent the previous year. “The virtuous cycle of the economy is having a wider impact,” ...

| Aug 15, 2014

Nikkei extends winning streak

Stocks extended their winning streak to a fifth session on in Tokyo on Friday, backed by solid Wall Street performance, but their gains were limited as profit-taking and selling on a rally ballooned. The Nikkei 225 average ended up 3.77 points, or 0.02 percent, ...

| Aug 15, 2014

Greenback stable around ¥102.50

The dollar held steady around ¥102.50 throughout Friday in Tokyo trading, repeating only mild fluctuations amid Japan’s holiday season. At 5 p.m., the dollar was quoted at ¥102.52-52, up from ¥102.47-47 at the same time on Thursday. The euro stood at $1.3376-3377, up from ...

Aug 15, 2014

Ota plugs Malaysia bullet train plan

Transport minister Akihiro Ota said Thursday that he was able to bring a better understanding of the Shinkansen bullet train technology to Malaysia for a project to connect Kuala Lumpur and Singapore with a high-speed train system. During his stay in Malaysia, Ota called ...

Aug 15, 2014

Don Quijote to boost duty-free sales with dedicated paperwork counters

Major discount chain Don Quijote Holdings Co. plans to boost duty-free sales for foreign tourists in October, when consumable goods will be added to tax-free items, company officials said. The company will create dedicated counters where visitors from other countries can complete the procedures ...

Aug 15, 2014

Chip makers skip summer break to meet smartphone demand

While much of Japan relaxes during the Bon summer holiday period, its top semiconductor makers are keeping their factories running to meet fierce demand from China for the technology that runs smartphones. Demand is expected to heat up even more with the launch of ...

75% oppose second stage of sales tax hike

Aug 15, 2014

75% oppose second stage of sales tax hike

Three-quarters of the public is against the second stage of consumption tax hike planned for October 2015, after taking a heavy blow from the first stage in April, according to the latest survey. In a survey carried out by Jiji Press over four days ...