Business Topics

ANA chief sees Boeing progress on batteries

The president of All Nippon Airways, Boeing’s biggest single customer for its troubled 787 Dreamliner, said Friday he believes the U.S. manufacturer has made progress in resolving problems with the aircraft’s lithium-ion batteries. How soon Boeing can fix the problems, which have led to 787s being grounded worldwide for more ...

Mar 1, 2013

Tepco mulls power cuts for industries refusing its rate hike

Tokyo Electric Power Co. may suspend power supply to companies and factories that are refusing to accept the utility’s higher electricity rates, which it has increased since last April by an average of 14.9 percent, a company official said Wednesday. The utility, which is ...

FAA: Boeing fix won't end 787 grounding fast

Mar 1, 2013

FAA: Boeing fix won't end 787 grounding fast

Boeing Co.’s proposal to get the 787 Dreamliner back in the skies, while comprehensive, will require extensive testing even if approved before regulators end the plane’s grounding, the top U.S. aviation official said. Federal Aviation Administrator Michael Huerta on Wednesday wouldn’t speculate when the ...

DoCoMo to resume phone M&A after Softbank move, CEO says

Feb 28, 2013

DoCoMo to resume phone M&A after Softbank move, CEO says

NTT DoCoMo Inc. is ready to return to investing in phone companies outside Asia after rival Softbank Corp.’s deal to acquire a majority stake in Sprint Nextel Corp. in the U.S., its chief executive officer said. “The acquisition plan of Sprint was quite astonishing ...

Lithium-ion makers need recharge

Feb 28, 2013

Lithium-ion makers need recharge

by Hiroko Nakata

Japanese makers’ share of the market for lithium-ion batteries in consumer electronics continued to fall in 2012, widening the gap with their South Korean rivals, who topped the ranking for the first time the previous year. Three Japanese makers — Panasonic Corp., Sony Corp. ...

Marubeni to conduct geothermal power research in national park

Feb 28, 2013

Marubeni to conduct geothermal power research in national park

Marubeni Corp. is planning the first on-site survey for a geothermal power project in a national park following deregulation last March by the Environment Ministry. The one-year research initiative, starting possibly in May, will use dedicated surveyors to confirm geothermal sources in Daisetsuzan National ...

Consumer Reports names Lexus No. 1

Feb 28, 2013

Consumer Reports names Lexus No. 1

Lexus topped all automotive brands in Consumer Reports magazine’s 2013 brand report card. Japanese automakers again dominated the rankings, taking eight of the top 10 spots. Lexus vehicles are rarely sporty, but they earned the top score of 79 points out of 100 because ...

Feb 28, 2013

Music industry posts first rise in global sales since 1999

The music industry announced Tuesday the first increase in global sales since 1999, suggesting that the long-awaited rebound against the digital revolution has begun. Sales rose 0.3 percent to $16.5 billion in 2012, according to the International Federation of the Phonographic Industry (IFPI), which ...

Suzuki aiming for 30% of minivehicle market

Feb 27, 2013

Suzuki aiming for 30% of minivehicle market

Suzuki Motor Corp. said Tuesday it wants to secure a 30 percent share of the domestic minicar market in fiscal 2013 in the face of fierce competition from its rivals. Suzuki’s share for minivehicles, with engines of 660cc or less, dropped below 30 percent ...

Feb 27, 2013

U.S. lab asks for Prius steering test

Auto safety regulators in the U.S. are deciding if they will investigate a complaint that the steering can fail on the Toyota Prius. An automotive testing laboratory in Virginia asked for the investigation on Jan. 30, after it evaluated a 2005 Prius owned by ...

Nissan's female execs help drive strong sales

Feb 26, 2013

Nissan's female execs help drive strong sales

by Ma Jie and Yuki Hagiwara

Among the 780,000 people employed in Japan’s auto industry, only three are women responsible for the rollout of new models. They all work at Nissan Motor Co. Mie Minakuchi is behind the newest Note hatchback, Nissan’s top domestic seller, which has seen sales triple ...

Sony aims at special client base with PS4

Feb 26, 2013

Sony aims at special client base with PS4

by Mie Sakamoto

The new PlayStation 4 reflects Sony Corp.’s renewed focus on value-added products to attract selected customers rather than the general public, as the company struggles to turn its slumping electronics business around. In unveiling the successor to the PlayStation 3 launched in 2006, Sony ...

Feb 23, 2013

Sharp to drop Hon Hai tieup talks

Ailing Japanese electronics maker Sharp Corp. will cut off stalled capital tieup talks with Taiwanese business partner Hon Hai Precision Industry Co. and give priority to capital alliance negotiations with another firm.