Business Topics

Nissan, Mitsubishi kick off joint minicar production

Nissan Motor Co. and Mitsubishi Motors Corp. on Monday started manufacturing a jointly developed minivehicle to be launched on June 6 across Japan. The two automakers together command about 10 percent of the minivehicle market. By cooperating, they think they can increase that to around 20 percent, they said. The ...

KDDI readies four smartphones for summer campaign

May 21, 2013

KDDI readies four smartphones for summer campaign

KDDI Corp. said Monday it will begin selling four new smartphones this summer, including the HTC J One, the Japanese version of an internationally renowned model by Taiwanese maker HTC Corp. featuring enhanced sound. Buyers who sign a two-year contract can get the HTC ...

German renewable energy shift faces headwinds

May 21, 2013

German renewable energy shift faces headwinds

Tense engineers have their eyes peeled on complex color-coded diagrams on a wall-sized screen that makes their control room look like the inside of a spaceship. They work with a power system that would have seemed equally futuristic not so long ago. It is ...

Yahoo OKs $1.1 billion purchase of Tumblr: WSJ

May 21, 2013

Yahoo OKs $1.1 billion purchase of Tumblr: WSJ

Yahoo Inc.’s board has approved a $1.1 billion acquisition of Tumblr Inc., a service that hosts 108 million blogs, The Wall Street Journal reported, citing unidentified sources familiar with the matter. Tumblr will continue to operate as an independent business and a deal was ...

May 21, 2013

Yen climbs after Amari warning

The yen climbed versus a majority of its 16 major peers after economy minister Akira Amari said further losses in the currency would negatively affect the people, and the government’s job is to minimize that. The yen retreated from near its weakest point in ...

May 21, 2013

Dollar in tight band atop ¥102.50

The dollar hovered in a tight range mostly above ¥102.50 in Tokyo trading Monday, as currency players found it difficult to tilt their positions either way on a lack of fresh trading factors. At 5 p.m., the dollar stood at ¥102.53-53, almost unchanged from ...

May 21, 2013

Mitsubishi unit eyes ¥4 trillion in sales in 2014

Mitsubishi Electric Corp. aims to boost its group sales to ¥4 trillion in the business year ending in March 2015, from projected sales of ¥3.81 trillion in fiscal 2013 by expanding key operations, including elevator production and sales overseas, the firm’s president said Monday. ...

May 21, 2013

Goldman Sachs to invest big in renewable energy

Goldman Sachs Group Inc. said Monday that it plans to invest as much as ¥50 billion in renewable energy projects in Japan in the next five years, tapping demand for electricity produced from solar and wind-power generators. The Wall Street firm also plans to ...

May 21, 2013

Toyota to hike lithium battery output

Toyota Motor Corp. is planning to expand lithium-ion battery production fivefold for its hybrid vehicles, sources said. The automaker currently uses nickel-metal hydride batteries in its flagship Prius and other hybrid vehicles but is now set to shift to lithium-ion batteries to boost fuel ...

May 21, 2013

Keidanren boss to tour No. 1 plant

The chairman and other executives of Keidanren plan to tour the battered Fukushima No. 1 power plant, the influential business lobby said Monday. The corporate executives are making the trip so the group, also called the Japan Business Federation, can make policy recommendations to ...