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Jul 25, 2015

Muromachi to lead Toshiba recovery

Toshiba Corp. plans to have interim chief Masashi Muromachi relinquish the title of chairman to focus on the role as president, informed sources told Jiji Press. Muromachi will lead an effort to recover from the accounting scandal that rocked the industrial and electronics company. ...

Jul 25, 2015

WTO agrees to cut some tariffs on IT products

Major economies including Japan, the United States and China have agreed to eliminate their tariffs on 201 information technology products. The deal, reached at a meeting in Geneva on Friday of World Trade Organization members participating in the Information Technology Agreement, is expected to ...

Jul 25, 2015

Fiat Chrysler recalls 1.4 million vehicles to prevent hacking

Fiat Chrysler has decided to recall about 1.4 million cars and trucks in the U.S. just days after two hackers revealed that they took control of a Jeep Cherokee SUV over the Internet. The company also disclosed in government documents that the hackers got ...

Jul 25, 2015

After surprise FT sale, focus turns to The Economist

The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said. The company, whose weekly magazine was first published in 1843, is partly held by ...

The A-Z on Japan's new SIM card vending machines

Jul 24, 2015

The A-Z on Japan's new SIM card vending machines

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On Friday, two SIM card vending machines were launched at Narita International Airport aimed at making travel easier for Japan’s increasing number of inbound tourists. After featuring a story on the new machines in The Japan Times, feedback indicated that readers wanted to know ...

| 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 ...