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May 27, 2015

MUFG record profit masks vanishing loan earnings in Japan

Record profits at Mitsubishi UFJ Financial Group Inc. and at least 26 of the nation’s banks mask vanishing returns on lending in Japan that’s spurring them to venture overseas. Funding costs and administrative expenses related to operating hundreds of branches exceeded what the two ...

May 27, 2015

Toshiba execs to have salaries cut by up to 50%

All 41 executive officers of Toshiba Corp. will have their salaries cut by up to 50 percent as the company takes responsibility for accounting irregularities, sources close to the matter said Wednesday. The pay cuts, which range between 10 percent and 50 percent, will ...

May 27, 2015

Kuroda faces opposition even after BOJ extended price target

Even the Bank of Japan’s recently extended time frame for achieving its inflation target may be too optimistic, according to some members of the BOJ Policy Board. A few members said at the central bank’s April 30 meeting that inflation would not reach 2 ...

Court bans UberPOP car service in Italy

May 27, 2015

Court bans UberPOP car service in Italy

An Italian court on Tuesday ordered UberPOP to shut down within two weeks in the latest in a series of legal challenges and protests across Europe against the ride-sharing service. The popular but controversial taxi app for mobile phones puts customers in touch with ...

May 26, 2015

Business lobbies to send joint delegation to China in November

Keidanren and two other business associations will send a delegation to China in November in hopes of strengthening economic cooperation between the two countries. It will be the first time for the three bodies — Keidanren, the Japan Chamber of Commerce and Industry and ...

Docomo set to boost its biometrics lineup

May 26, 2015

Docomo set to boost its biometrics lineup

by Kazuaki Nagata

Aiming to liberate users from a hassle of memorizing passwords, NTT Docomo Inc. said Tuesday it will increase its lineup of biometrics-deployed handsets and services because biometric technology for identity recognition will make mobile telephones more convenient. “From now on, I think it will ...

| May 26, 2015

Dollar at 8-year-high above ¥122.50

The dollar jumped to eight-year-highs above ¥122.50 in Tokyo trading late Tuesday as speculative purchases by some traders prompted others to cover dollar-short positions to limit losses. At 5 p.m., the dollar stood at ¥122.52-53, up from ¥121.63-63 at the same time Monday. The ...