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Inflation slows more than forecast in December

Jan 30, 2015

Inflation slows more than forecast in December

Japan’s inflation rate slowed more than forecast in December, adding to central bank chief Haruhiko Kuroda’s challenges in reflating the world’s third-biggest economy. Consumer prices excluding fresh food rose 2.5 percent from a year earlier, the statistics bureau said Friday in Tokyo. That was ...

| Jan 30, 2015

Nikkei rebounds on Wall St. rally

Stocks turned higher Friday, supported by a sharp Wall Street rally and a weaker yen. The Nikkei 225 average gained 68.17 points to close at 17,674.39. On Thursday, the key market gauge lost 189.51 points. The Topix finished 1.49 points higher at 1,415.07 after ...

Jan 30, 2015

Japan TPP offer chops beef tariffs to 9% over 15 years

Japan has proposed during negotiations with the United States to slash its 38.5 percent tariff in imported beef to 9 percent over 15 years under an envisioned Pacific Rim free trade deal, negotiation sources said Thursday. Tokyo also called for a safeguard measure that ...

Jan 29, 2015

Nomura surprises with profit surge on banking, asset management

Upending analysts’ estimates for a decline, Nomura Holdings Inc.’s third-quarter profit surged unexpectedly, led by fees from investment banking and asset management. Net income climbed 45 percent to ¥70 billion for the three months ended Dec. 31 from ¥48.3 billion a year earlier, Japan’s ...

Jan 29, 2015

Shikoku shipbuilder to build first new dock in 16 years

Imabari Shipbuilding Co. said Thursday it will invest around ¥40 billion to build its first new dock in 16 years because the weaker yen has improved its competitiveness. The dock will be completed by October 2016 in Marugame, Kagawa Prefecture, to build 11 huge ...

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Jan 29, 2015

Retail sales unexpectedly slump, in challenge to 'Abenomics'

Retail sales unexpectedly fell in December, underscoring challenges to Prime Minister Shinzo Abe’s effort to stoke a recovery in the world’s third-biggest economy. Sales slid 0.3 percent from November for a third straight monthly decline, the trade ministry said Thursday in Tokyo. That compared ...

Jan 29, 2015

Business, labor seek common ground ahead of wage talks

The nation’s largest business lobby and labor union held rare direct talks Thursday, seeking common ground ahead of their annual wage talks that could affect the Abe administration’s efforts to revitalize the economy. “This year’s spring labor offensive has drawn high expectations from the ...

Jan 29, 2015

MRI owner to pay $584 million for bilking Japanese investors

A Las Vegas businessman and his company, MRI International Inc., were ordered to pay $584 million after a judge ruled that they defrauded Japanese investors in a Ponzi scheme. Edwin Fujinaga was found liable in October in a U.S. Securities and Exchange Commission lawsuit ...