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Airbus, Boeing get U.S. nod to sell aircraft to Iran

Sep 22, 2016

Airbus, Boeing get U.S. nod to sell aircraft to Iran

The U.S. government granted aviation giants Airbus and Boeing permission on Wednesday to sell aircraft to Iran following last year’s nuclear accord. European airplane manufacturer Airbus announced the license from the U.S. Treasury’s Office of Foreign Assets Control early Wednesday. Chicago-based Boeing followed with ...

OECD cuts world growth outlook amid weak advanced economies

Sep 21, 2016

OECD cuts world growth outlook amid weak advanced economies

The Organisation for Economic Cooperation and Development on Wednesday cut its global economic outlook for 2016, as growth remains subdued in the United States, Europe and Japan amid sluggish trade activity. The OECD now expects the global economy to expand 2.9 percent this year, ...

Ties improving between Tokyo and Beijing: Vice Premier Zhang

Sep 21, 2016

Ties improving between Tokyo and Beijing: Vice Premier Zhang

Beijing’s relations with Tokyo are improving, and both sides should overcome political differences to expand cooperation, China’s Vice Premier Zhang Gaoli told a mission of more than 200 Japanese businessmen in Beijing on Wednesday. He noted Chinese President Xi Jinping met with Prime Minister ...

Sep 21, 2016

ANA to use new coolant to ship fresh produce

All Nippon Airways Co. will begin shipping fresh meat and vegetables on long-haul flights using a coolant that keeps food products fresh for several days, according to company officials. The new service will allow clients in Japan to ship produce to Europe and the ...

Mixed results for land prices on new shinkansen routes

| Sep 21, 2016

Mixed results for land prices on new shinkansen routes

Government data has showed new shinkansen routes have had a varying impact on land prices in areas along the lines. So-called standard land prices as of July 1, used as a benchmark for land transactions in Japan, went up again this year in areas ...

Tokyo Metro to launch left-luggage service

Sep 21, 2016

Tokyo Metro to launch left-luggage service

Tokyo Metro Co. is to launch a left-luggage service on a trial basis at Ginza Station in Tokyo in a bid to make shopping easier for tourists. Priced at ¥500 per bag, the company said the service counter will open on a trial basis ...

Sep 21, 2016

Strong yen resulted in trade deficit in August

Japan posted a goods trade deficit of ¥18.71 billion in August for the first red ink in three months, with a firming yen pushing down the value of exports, government data showed Wednesday. The value of exports dropped 9.6 percent from a year earlier ...