Topics

May 25, 2015

Tepco wins Qatar utility contract estimated at ¥300 billion

Tokyo Electric Power Co. has jointly won a large power and water infrastructure contract in the desert state of Qatar, it said Monday. Tepco and trading house Mitsubishi Corp. have been selected by a firm backed by the Qatari government to build and operate ...

May 25, 2015

Japan to import more butter to ward off another Christmas shortage

The Agriculture, Forestry and Fisheries Ministry plans to import more butter this year to stabilize supplies ahead of Christmas, when demand for the dairy product peaks. Separately, the Japan Dairy Association, or J-milk, said Monday the country is expected to face a butter shortage ...

May 25, 2015

All major power, gas suppliers to cut rates for July

All 10 major electricity firms and four gas suppliers plan to cut their rates for July to reflect lower fuel and liquefied natural gas prices. The monthly electricity bill of an average household is expected to fall some ¥300 from the previous month to ...

| May 25, 2015

Nikkei ends higher for fourth session

The benchmark Nikkei average rewrote its 15-year closing high for the fourth straight session on the Tokyo Stock Exchange on Monday, boosted by purchases of export-oriented issues on the back of the yen’s weakening against the dollar. The 225-issue Nikkei average climbed 149.36 points, ...

| May 25, 2015

Fed remarks push dollar above ¥121.50

The dollar advanced above ¥121.50 in Tokyo trading Monday, underpinned by strong U.S. inflation data and U.S. Federal Reserve Chair Janet Yellen’s remarks suggesting an interest rate hike later this year. At 5 p.m., the dollar stood at ¥121.63-63, up from ¥120.73-74 at the ...

Giants Sharp, Toshiba face dire prospects

| May 25, 2015

Giants Sharp, Toshiba face dire prospects

by Tomoyuki Tachikawa

Several electronics makers have regained profitability largely thanks to restructuring measures and the weakening of the yen, but Sharp Corp. and Toshiba Corp. are unlikely to catch up with their domestic rivals soon. Struggling Sharp’s latest rehabilitation plan got a cold reception from the ...

Japan slides back into trade deficit, erasing March surplus

May 25, 2015

Japan slides back into trade deficit, erasing March surplus

Japan swung back into a trade deficit in April after logging its first surplus in almost three years in March, but the shortfall shrank drastically year on year, thanks to stronger exports and lower energy bills, official data showed Monday. The monthly deficit came ...

May 24, 2015

BOJ chief Kuroda stays on message at ECB Forum in Portugal

Bank of Japan Gov. Haruhiko Kuroda said Saturday at a forum in Portugal that Japan is overcoming the deflation that has plagued its economy for nearly two decades, according to the text of his speech released Sunday by the central bank. Referring to “positive ...