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Apr 16, 2014

Big biz keen to skirt tax hike

The government has hired around 600 special investigators to prevent big businesses from passing the latest consumption tax increase on to their suppliers and contractors, but many small businesses are facing increasingly subtle billing and payment schemes from clients. In Tokyo’s Ota Ward, home ...

Uniqlo aims to up sales with opening in Australia

Apr 16, 2014

Uniqlo aims to up sales with opening in Australia

Casual clothing chain Uniqlo opened its first store in Australia on Wednesday, with some 300 shoppers lining up early in an indication of high interest. Australia is the 16th overseas market for the chain and the first in the Southern Hemisphere, except Indonesia, which ...

Apr 16, 2014

Suzuki Motor has compact hybrid in works

Suzuki Motor Corp. said Wednesday it is developing a compact hybrid vehicle to meet growing demand for fuel-efficient cars in emerging countries. The automaker also said it is developing gasoline engines with higher thermal efficiency to improve fuel economy by 20 to 30 percent ...

Toyota tweaks Camry as Sonata makes gains

Apr 16, 2014

Toyota tweaks Camry as Sonata makes gains

by Alan Ohnsman

Toyota Motor Corp. is making rare styling changes in the Camry sedan just halfway into the car’s usual design cycle, a sign the automaker is eager to stem gains made by Hyundai Motor Co.’s Sonata, which also is being reworked for 2015. The latest ...

Apr 16, 2014

TPP talks with U.S. forge on

With U.S. President Barack Obama’s visit to Tokyo approaching, Japanese and U.S. trade chiefs are set to face off again in Washington as they strive to break a deadlock in talks on a massive free trade zone in the Pacific region. Trade observers say ...

Apr 16, 2014

Dollar tops ¥102 on stock surge

The dollar topped ¥102 in Tokyo trading Wednesday, assisted by a surge in Tokyo stock prices and favorable Chinese economic data. At 5 p.m., the dollar stood at ¥102.21-25, up from ¥101.79-80 at the same time Tuesday. The euro was at $1.3844-3845, up from ...

Apr 16, 2014

Stocks soar; Nikkei retakes the 14,000 mark

Stocks surged Wednesday on the heels of higher U.S. equities overnight, with the benchmark Nikkei average closing well above the psychologically important 14,000 line. The 225-issue Nikkei average ended up 420.87 points, or 3.01 percent, at 14,417.68, the first finish above 14,000 in four ...

Apr 16, 2014

Koto Ward mulls Olympic cable car

A study is underway for the possible construction of a cable car linking 2020 Tokyo Olympic venues with a business area near the Ginza shopping district, a municipal government official has said. A construction company is studying the feasibility of building a gondola lift ...

Apr 16, 2014

Itochu: Accountant stole ¥700 million

Itochu Corp. said Wednesday that a former employee embezzled about ¥700 million while working at its New Zealand affiliate from 2012 till this year. The trading house dismissed the man, said to be in his 30s, and plans to file a criminal complaint with ...

Apr 16, 2014

U.S. indicts Bridgestone trio on prices

The United States indicted one current and two former executives of parts firm Bridgestone Tuesday for conspiring to fix the prices of rubber parts used in U.S.-made automobiles. A federal grand jury in Cleveland issued the indictment accusing Yoshiyuki Tanaka, Yasuo Ryuto and Isao ...

Apr 16, 2014

China's economy grew 7.4% in first quarter, government data show

China’s gross domestic product grew 7.4 percent in the first three months of the year, official data showed Wednesday, increasing the chances Beijing will move to stanch a slowdown in the world’s number two economy. The year on year figure is sharply down from ...