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| Jan 23, 2015

Nikkei rises more 1% on ECB monetary easing

Stocks gained ground on Friday, boosted by purchases after the European Central Bank’s decision to introduce quantitative monetary easing. The Nikkei 225 average advanced 182.73 points, or 1.05 percent, to end at 17,511.75, adding to the 48.54 points gained Thursday. The Topix closed 13.79 ...

Jan 23, 2015

SoftBank to merge four telecom units in April

SoftBank Corp. said Friday it will merge its four domestic telecommunications subsidiaries next April to improve business efficiency and competitiveness. The telecoms and Internet giant will integrate its operations under the surviving SoftBank Mobile Corp. starting April 1. The SoftBank board approved the structural ...

Jan 23, 2015

TPP chief negotiators to meet in NY on Monday

Chief negotiators from the 12 countries involved in the Trans-Pacific Partnership free trade initiative will gather in New York starting Monday, with an eye on a fresh ministerial meeting to secure a deal, according to Japanese officials. The weeklong session of negotiations through Feb. ...

Jan 23, 2015

Joled to produce electroluminescent display panels starting in 2017

Joled Inc. plans to begin producing organic electroluminescent display panels in 2017, sources said on Friday. The company, which was established by the government-affiliated investment fund Innovation Network Corp. of Japan (INCJ) and firms including Sony Corp., will churn out 10- to 20-inch panels ...

Jan 23, 2015

Power sales down in Japan for eighth straight month

Electricity sales by the nation’s 10 major power suppliers in December dropped 1.3 percent from a year earlier to 67.885 billion kilowatt-hours, down for the eighth month in a row, an industry group said on Friday. Sales to large-lot industrial users fell 0.5 percent ...

Chinese buy up overseas real estate

Jan 23, 2015

Chinese buy up overseas real estate

What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They are all owned by Chinese insurers. This new breed of buyers, who weren’t allowed to invest overseas before 2012, ...