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| Jul 9, 2014

Dollar declines to ¥101.65 level

The dollar was moderately weaker below ¥102 in Tokyo trading Wednesday, with a wait-and-see mood growing before the release later in the day of the minutes of last month’s U.S. Federal Reserve policy-setting meeting. At 5 p.m., the greenback was at ¥101.65-66, down from ...

| Jul 9, 2014

Nikkei falls on Dow drop, yen rise

Stocks dropped for the third straight session Wednesday amid selling spurred by lower U.S. equities and a rise in the yen. The Nikkei 225 average closed down 11.76 points at 15,302.65, the day’s high. The Topix fell 4.88 points to end at 1,270.82. The ...

Restaurateurs, beef and wine vendors hail Australia tariffs deal

Jul 9, 2014

Restaurateurs, beef and wine vendors hail Australia tariffs deal

Japanese restaurant operators, butchers and wine merchants are welcoming the economic partnership agreement signed with Australia on Tuesday, predicting lower prices for imported foodstuffs such as beef and booze. “We may use more Australian beef if tariffs fall,” said an official at Zensho Holdings ...

Mitsui O.S.K. to pioneer Arctic route for LNG

Jul 9, 2014

Mitsui O.S.K. to pioneer Arctic route for LNG

Officials from shipping giant Mitsui O.S.K. Lines Ltd. announced Wednesday their company will begin transporting liquefied natural gas through the Arctic Ocean in 2018 — making it the first company in the world to tap the sea as a regular transit route. Using icebreakers ...

Jul 9, 2014

Universal Studios looking to return to the TSE in 2015

The operator of Universal Studios Japan is considering relisting on the first section of the Tokyo Stock Exchange in the business year starting next April, sources said Wednesday. USJ Co., which operates the Osaka theme park featuring attractions based on popular Hollywood movies, is ...

Goldman's Japan M&A chief sees hunger for more deals

Jul 9, 2014

Goldman's Japan M&A chief sees hunger for more deals

by Takahiko Hyuga

When a 210-year-old vinegar company bought Unilever’s Ragu and Bertolli pasta sauce business last month, it showed that Japanese firms are becoming more adventurous in their search for growth, said Goldman Sachs Group Inc.’s national head of mergers and acquisitions. “Japan M&A is breaking ...

Jul 9, 2014

WTO heavyweights to launch tariff talks on green goods

Japan and 13 other members of the World Trade Organization said Tuesday that they will start negotiations to cut tariffs on green products such as wind turbines and solar panels. The 14 countries and regions, which includes the United States, the European Union and ...