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Abe aide says BOJ could ease more if Greece sends yen surging

The Bank of Japan could boost its monetary stimulus to address any surge in the yen triggered by the Greek crisis, though any fallout from Europe will probably be limited, said an aide to Prime Minister Shinzo Abe. “The yen may appreciate as it’s considered as a safe-haven currency, but ...

Jul 8, 2015

Japan hopes to see biofuel flights running by 2020 Tokyo Olympics

The Japanese government held the first session of a public-private panel on bio-jet fuel Tuesday, aiming to realize biofuel-powered commercial flights in Japan by the 2020 Tokyo Olympic and Paralympic Games. The panel comprising representatives from government agencies, including the Ministry of Economy, Trade ...

Chinese small investors look for way out of stocks

Jul 7, 2015

Chinese small investors look for way out of stocks

Shares in big state companies soared Monday after promises of government action to halt a slide in Chinese stock prices, but many others sank as jittery small investors tried to cut their losses. The market benchmark closed up 2.4 percent but still was down ...

Jul 7, 2015

Poor EU nations take hard-line on Greece

The eurozone’s poorer former communist nations, having themselves endured painful reforms and austerity programs, are taking a hard line on Greece after its people voted to reject creditors’ bailout terms. Estonia, Latvia, Lithuania and Slovakia have long insisted they are too poor to pay ...

Jul 7, 2015

Hakuhodo buys Canadian advertising agency Sid Lee International

Japanese advertising agency Hakuhodo DY Holdings Inc. said Tuesday it has acquired all the shares in Canadian ad company Sid Lee International LLC for an undisclosed amount as part of its efforts to expand overseas. Headquartered in Quebec and with offices in Canada, France, ...

Jul 7, 2015

Finance Ministry appoints Kazuho Tanaka as top bureaucrat

The Finance Ministry on Tuesday announced a reshuffle of its senior officials, with Budget Bureau chief Kazuho Tanaka becoming the top bureaucrat at what is effectively the most powerful government office in Japan. Tanaka, 59, who has also served as the Tax Bureau chief, ...

| Jul 7, 2015

Nikkei rallies on buybacks

Stocks staged a sharp rally on the Tokyo Stock Exchange Tuesday, spurred by buybacks of mainstay issues after overseas markets reacted calmly to Greek voters’ rejection of further austerity. The Nikkei 225 average climbed 264.47 points, or 1.31 percent, to end at 20,376.59. On ...

Jul 7, 2015

Electronics unions to demand wage hikes in this year's labor talks

An umbrella body of labor unions at Japanese major electronics makers is set to demand pay increases during the 2016 shunto annual labor-management talks, said Shoji Arino, leader of the body. At a regular conference of the Japanese Electrical, Electronic & Information Union in ...

Jul 7, 2015

TPP ministers to gather in Hawaii July 28-29

Pacific Rim countries pursuing a free trade initiative are set to hold ministerial talks on July 28 and 29 in Hawaii to wind up their marathon negotiations, a source said Monday. The United States, Japan and 10 other countries came up with the plan ...