Business Topics

Mizuho to heed frontline troops

Jul 5, 2014

Mizuho to heed frontline troops

Mizuho Financial Group Inc.’s newly chairwoman says she wants to be receptive to the opinions of those running its frontline operations to boost the lender’s oversight structure in the wake of last year’s yakuza loan scandal. Hiroko Ota, who got the shareholders’ nod to ...

Jul 4, 2014

660,000 Subaru vehicles recalled in U.S.

Fuji Heavy Industries Ltd. is recalling about 660,000 Subaru vehicles in the United States due to defective brake systems. Five models made between late 2003 and early 2014, including its mainstay Legacy sedan and the Forester sport utility vehicle, are subject to the recall ...

Jul 4, 2014

Sharp to exit LCD TV, home appliance markets in Europe

Struggling electronics maker Sharp Corp. is pulling out of the European market for liquid crystal display televisions and home appliances, a source familiar with the matter said Thursday. Sharp earlier shuttered it solar business in Europe, and is moving to focus on growing markets ...

Largest LED veggie factory built in quake-hit city

Jul 3, 2014

Largest LED veggie factory built in quake-hit city

The world’s largest vegetable factory to make use of light-emitting diodes has been built in one of the cities damaged by the 2011 Great East Japan Earthquake and tsunami, the factory’s operator said. Mirai Co., a Tokyo-based company that runs vegetable growing factories, said ...

Canned cocktails blitz beer

Jul 3, 2014

Canned cocktails blitz beer

Japanese brewers will release a record lineup of canned cocktails this summer as fizzy concoctions come to the fore in efforts to offset a decade of declining beer sales. Brewers such as Kirin Holdings Co. Ltd. have long tried to retain drinkers by making ...

Jul 3, 2014

Toyota to supply fuel cell vehicle parts to other automakers

Toyota Motor Corp. is planning to provide the major components of fuel cell vehicles to other automakers to promote their entry into the market, company officials said. Since the huge cost of developing the next-generation cars will be difficult for midsize companies to bear, ...

Jul 3, 2014

Japanese banks trail peers on dividend payouts

Japan’s biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more takeovers abroad. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. paid ...

Jul 3, 2014

Fire insurance premiums expected to rise 3.5% next year

An organization of casualty insurance companies said it will raise benchmark rates used to set member companies’ fire insurance premiums by an average of 3.5 percent to cope with increasing payouts following recent natural disasters. The General Insurance Rating Organization of Japan said Wednesday ...