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| Dec 6, 2016

Dollar easier below 114 yen in Tokyo

The dollar was easier below ¥114 in late Tokyo trading on Tuesday amid a dearth of major fresh trading incentives. At 5 p.m., the dollar stood at ¥113.82-83, slightly down from ¥113.91-91 at the same time Monday. The euro was at $1.0760-0760, up from ...

| Dec 6, 2016

Stocks rally on overseas equity gains

Stocks rebounded on the Tokyo Stock Exchange Tuesday, supported by overnight rises in European and U.S. equities. The 225-issue Nikkei average gained 85.55 points, or 0.47 percent, to close at 18,360.54. On Monday, the key market gauge shed 151.09 points. The TOPIX index of ...

SoftBank's Son said to plan meeting with Trump in New York

Dec 6, 2016

SoftBank's Son said to plan meeting with Trump in New York

SoftBank Group Corp. founder and Chief Executive Officer Masayoshi Son was to meet with President-elect Donald Trump in New York on Tuesday, a person with direct knowledge of the matter said. Son has no specific agenda for the meeting but wants to meet Trump ...

Dec 6, 2016

Labor shortage is worst in least productive industries

Japan’s aging and shrinking population is causing labor shortages that should be helping workers win higher pay. But it’s not working out that way, in part because of low productivity in the areas of the greatest shortage, according to economists including Hideo Kumano at ...

Italian banks' recapitalization plans in turmoil as Renzi bows out

Dec 6, 2016

Italian banks' recapitalization plans in turmoil as Renzi bows out

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi’s resignation would threaten their recapitalization plans. Concern focused on Italy’s third-biggest bank, Monte dei Paschi di Siena (BMPS), which analysts said is one of ...

JR East unveils all-suite sleeper

Dec 6, 2016

JR East unveils all-suite sleeper

JR East unveiled Monday a luxury, all-suite sleeper train set to launch in May. Train Suite Shiki-Shima has 10 cars, including a diner, a lounge and a glass-walled dome car. With a total construction cost of ¥5 billion, the train is designed to provide ...

Dec 5, 2016

Japanese banks eye ¥95 billion in loans to Russia's Gazprom

Sumitomo Mitsui Banking Corp., Mizuho Bank and other banks are making final arrangements to jointly extend some ¥95 billion ($831 million) in loans to Russia’s state-run gas firm Gazprom, sources close to the matter said Monday. A contract is expected to be concluded during ...

| Dec 5, 2016

Nikkei slips on Italian no vote

Stocks lost further ground Monday, weighed down by the yen’s rise after Italy’s vote to reject constitutional reform in a national referendum. The 225-issue Nikkei average shed 151.09 points, or 0.82 percent, to end at 18,274.99 on the Tokyo Stock Exchange. On Friday, the ...