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Exports rebound in boost for Abe's policies

Japan’s exports rose more than forecast in July, bouncing back from two straight declines to support an economy that contracted last quarter by the most since the period immediately following the Great East Japan Earthquake in March 2011. Overseas shipments rose 3.9 percent from a year earlier, the Finance Ministry ...

| Aug 20, 2014

Greenback tops ¥103 in Tokyo

The dollar rose above ¥103 in Tokyo trading Wednesday, thanks to purchases on a stronger-than-expected U.S. economic indicator, as well as speculative buying. At 5 p.m., the dollar stood at ¥103.29-29, up from ¥102.59-60 at the same time Tuesday. The euro was at $1.3293-3293, ...

Government panel to launch review of JAL bailout

Aug 20, 2014

Government panel to launch review of JAL bailout

A new government panel is due to begin a review of the financial support given to Japan Airlines, or JAL, as part of a bailout package under the previous administration. The review, which will start next month, is taking place in response to criticism ...

Aug 20, 2014

Government eyes commercializing next-generation domestic aircraft by 2030

The technology ministry will launch research and development in fiscal 2015 aimed at commercializing next-generation domestically manufactured passenger airplanes by around 2030, according to ministry officials. Although Mitsubishi Aircraft Corp. is developing small MRJ passenger jets, aircraft development requires a huge amount of money ...

Aug 20, 2014

Japan securities industry trying to attract youth for NISA

The securities industry is stepping up financial education for young people to promote the NISA small-lot, tax-free investment program introduced in January. The moves are intended to attract newbie investors and future customers. The Japan Securities Dealers Association plans to utilize Saturday classes at ...

China hits 12 Japanese auto firms with fines in price-fixing probe

Aug 20, 2014

China hits 12 Japanese auto firms with fines in price-fixing probe

China announced Wednesday that it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country’s auto industry. Beijing has launched a series of investigations of global automakers and technology ...

Aug 20, 2014

Two Belgian nuclear reactors may be closed permanently

Two Belgian nuclear reactors owned by GDF-Suez unit Electrabel may remain offline until spring and may need to be halted permanently, Belgian state broadcaster VRT reported on Tuesday. The Belgian nuclear regulator ordered production to be stopped at the 1,008-megawatt Tihange 2 reactor and ...

Aug 20, 2014

Skepticism over Abe's inflation goal grows as price gauge retreats

Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth. The 10-year break-even rate, a gauge of expectations for consumer-price gains in inflation-linked bonds, dropped to 1.16 percent Tuesday, the lowest ...

Softbank unveils new smartphone developed with Sprint

Aug 19, 2014

Softbank unveils new smartphone developed with Sprint

SoftBank Corp. unveiled on Monday a new smartphone developed with U.S. subsidiary Sprint Corp. to cut procurement costs and strengthen its product lineup. Manufactured by Sharp Corp., the first handset developed with the third-largest U.S. mobile phone carrier goes on sale in Japan on ...