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Jul 18, 2014

Matsuya to launch 'premium' beef bowl in de facto price hike

Matsuya Foods Co., operator of the Matsuya beef bowl chain, has announced it will launch a more expensive premium version of its mainstay dish on Tuesday that will eliminate the regular version in the Kanto region. A regular serving of the premium product will ...

| Jul 18, 2014

Greenback drops below ¥101.50

The dollar was weaker below ¥101.50 in Tokyo trading on Friday as risk-averse sentiment strengthened after a Malaysian Airlines jetliner was blown out of the sky in eastern Ukraine, killing nearly 300 people, and Israel began a ground invasion. At 5 p.m., the dollar ...

Jul 18, 2014

Softbank picks Google's Arora to head Internet business unit

SoftBank Corp., the wireless carrier led by billionaire Masayoshi Son, has hired Google Inc.’s Nikesh Arora to help steer its global expansion. Arora will join as vice chairman in October after nearly a decade at Google, including time as the search company’s chief business ...

Jul 18, 2014

BOJ concerned weak exports point to structural problem, minutes show

Bank of Japan policymakers have raised concerns about the nation’s slowing exports, with some citing “structural factors” that might not be addressed in the near term, according to the minutes of their meeting released Friday. The central bank’s nine-member Policy Board agreed that exports ...

Jul 18, 2014

Fiscal 2015 budget draft puts emphasis on growth measures

The government plans to use stricter criteria to screen budget requests from ministries and agencies in fiscal 2015 starting next April but has failed to put a ceiling on total spending in the draft guidelines as it usually does. The government wants to spend ...

Line said to pursue U.S. IPO with confidential filing to SEC

Jul 18, 2014

Line said to pursue U.S. IPO with confidential filing to SEC

Line Corp., operator of Japan’s most popular mobile messaging service, filed confidentially for an initial offering in the United States, people with knowledge of the matter said, taking a step closer to a dual-listing in New York and Tokyo. Morgan Stanley is managing the ...

Jul 18, 2014

Ailing Fujitsu seen looking to sell chip units to Taiwanese, U.S. firms

In another development of the fast decline in Japan’s semiconductor industry, struggling electronics manufacturer Fujitsu Ltd. is in talks with Taiwanese and U.S. companies on the sale of its semiconductor plants in Mie and Fukushima prefectures, NHK reported Friday. Fujitsu and Taiwanese semiconductor maker ...

Jul 18, 2014

Fuji Heavy to recall Subaru Legacy cars over computer fault

Fuji Heavy Industries Ltd. said Thursday it is recalling 10,143 Subaru Legacy sedans with turbo-charged engines sold in Japan to fix a programming fault that could cause engine damage. In a report filed with the transport ministry, Fuji Heavy said wrongly programmed computers in ...