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Aug 20, 2014

Skepticism over Abe's inflation goal grows as price gauge retreats

Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth. The 10-year break-even rate, a gauge of expectations for consumer-price gains in inflation-linked bonds, dropped to 1.16 percent Tuesday, the lowest ...

Softbank unveils new smartphone developed with Sprint

Aug 19, 2014

Softbank unveils new smartphone developed with Sprint

SoftBank Corp. unveiled on Monday a new smartphone developed with U.S. subsidiary Sprint Corp. to cut procurement costs and strengthen its product lineup. Manufactured by Sharp Corp., the first handset developed with the third-largest U.S. mobile phone carrier goes on sale in Japan on ...

Aug 19, 2014

Fukushima exports first batch of rice since meltdowns to Singapore

Exports of Fukushima-grown rice have resumed after being suspended by the nuclear crisis in March 2011 amid soaring concerns about radiation contamination, a national agricultural cooperative said Monday. A shipment of 300 kg of Koshihikari brand rice produced in Sukagawa, Fukushima Prefecture, has arrived ...

Chugoku Electric to buy into Australian coal mine

Aug 19, 2014

Chugoku Electric to buy into Australian coal mine

Chugoku Electric Power Co. said Monday it will acquire a 10 percent interest in an Australian coal mine owned by a Japanese oil refiner to secure a stable source of fuel for its power plants. The Hiroshima-based utility will pay an undisclosed sum for ...

Aug 19, 2014

Mitsubishi to build fertilizer plant in Turkmenistan

Mitsubishi Corp. said Tuesday it has won a contract to build an agricultural fertilizer plant in Turkmenistan with a Turkish construction company. Together with Mitsubishi Heavy Industries Ltd., the trading company will be responsible for the plant’s design and for procuring its equipment. The ...

Aug 19, 2014

Hitachi metals to buy major U.S. foundry

Hitachi Metals Ltd., Japan’s biggest maker of magnets containing rare earths, will pay $1.3 billion for Wisconsin-based Waupaca Foundry Inc., gaining four foundries in the company’s home state and two others elsewhere in the U.S. The purchase will be financed with cash and debt, ...

Aug 19, 2014

China fines Japan's NSK ¥2.9 billion for antitrust violations

China’s antitrust regulator fined bearing-maker NSK Ltd. ¥2.9 billion for violating rules, the first Japanese company to be punished amid an industrywide probe into pricing practices. NSK said it is cooperating fully with the investigation by China’s National Development and Reform Commission into its ...

Aug 19, 2014

Cambodia water project could channel carbon credits to Japan

The city of Kitakyushu is exploring a project to supply drinking water in Cambodia. Japan’s Environment Ministry plans to conduct a feasibility study with a focus on the project’s potential to confer greenhouse-gas credits on Japan. The public and private sectors in Kitakyushu have ...