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Feb 20, 2017

All of Japan's big cities plan bigger budgets for fiscal 2017

All 20 major cities across Japan have drafted budgets bigger than last year due to the transfer of revenue from prefectural governments for teacher pay. The revenue shift is part of power decentralization by the central government. Starting with fiscal 2017, which gets underway ...

| Feb 20, 2017

Tokyo stocks rebound moderately

Stocks turned slightly higher on the Tokyo Stock Exchange on Monday as the yen lost some of its early strength. The 225-issue Nikkei average gained 16.46 points, or 0.09 percent, to close at 19,251.08. On Friday, the key market gauge lost 112.91 points. The ...

New Zealand judge upholds ruling on extraditing Kim Dotcom to U.S.

Feb 20, 2017

New Zealand judge upholds ruling on extraditing Kim Dotcom to U.S.

A New Zealand judge on Monday upheld an earlier court ruling that flamboyant internet entrepreneur Kim Dotcom and three of his colleagues can be extradited to the U.S. to face criminal charges. The decision comes five years after U.S. authorities shut down Dotcom’s file-sharing ...

Feb 20, 2017

Apple's upcoming iPhone release keeping Foxconn unit vibrant

Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria. Hon Hai Precision Industry Co., the main assembler of the U.S. company’s smartphones, has gained 29 ...

Feb 20, 2017

Tepco, Chubu Electric may integrate thermal power biz in 2018

Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. are considering integrating their thermal power generation business in fiscal 2018, a report said Monday. Tepco, an embattled utility facing the gigantic cost of dealing with the nuclear crisis at the Fukushima No. ...