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Feb 27, 2015

Seven power suppliers to cut rates for April

Seven of the nation’s 10 major power suppliers will lower their electricity rates for April from the levels planned for March, thanks to the plunge in crude oil prices since last November, according to their latest rate plans. The seven are: Tohoku Electric Power ...

Feb 27, 2015

Automakers select aerospace company for Takata air bag probe

A group of 10 automakers affected by faulty air bags made by embattled Japanese parts supplier Takata Corp. said Thursday it has selected the aerospace company Orbital ATK Inc. to lead an independent investigation into the defect. The automakers also announced that David Kelly, ...

| Feb 27, 2015

Nikkei closes near 15-year high

Stocks cut early losses Friday to send the Nikkei 225 average to its highest close in nearly 15 years. Buying on dips helped the benchmark gauge eke out a gain of 12.15 points and finish at 18,797.94, its highest level since April 20, 2000. ...

Inflation rate slowest since war on falling prices began

Feb 27, 2015

Inflation rate slowest since war on falling prices began

The inflation rate has fallen to its lowest level since just after the Abe administration launched its high-profile offensive aimed at conquering years of falling prices and tepid growth, data showed Friday. The disappointing figures — weighed down by weak consumer spending and falling ...

U.S. fast food chain Taco Bell to re-enter Japanese market

Feb 27, 2015

U.S. fast food chain Taco Bell to re-enter Japanese market

Taco Bell Corp., a major U.S. fast food chain, will reopen restaurants in Japan, joining forces with Asrapport Dining Co., a Japanese operator of restaurant franchises, the Japanese company announced Thursday. The first outlet is expected to open in central Tokyo by fall this ...

Feb 27, 2015

Mystery Apple event planned for March 9, likely for new smartwatch

Apple sent invitations Thursday for a mystery event due to take place March 9, amid speculation about an imminent launch of its much anticipated Apple Watch. The invitation simply said “Spring Forward,” referring to the fact that clocks will spring forward one hour in ...

| Feb 26, 2015

Nikkei rises on pension fund news

Stocks staged a sharp rally Thursday, backed by a decision by a body managing government workers’ pensions to boost investment in domestic stocks. The Nikkei 225 average surged 200.59 points, or 1.08 percent, to end at 18,785.79, its highest close in 14 years and ...

China media pooh-poohs Japanese luxury toilet seats

Feb 26, 2015

China media pooh-poohs Japanese luxury toilet seats

Japan’s luxury lavatories have become the latest flash point with China, after Beijing’s state-run media launched a thunderous tirade against built-in washers and pre-warmed seats on Thursday. The Global Times, which is affiliated with the Communist Party mouthpiece People’s Daily, devoted the editorial in ...