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Lexus to expand lineup, with eye on German rivals

Aug 29, 2014

Lexus to expand lineup, with eye on German rivals

As Toyota Motor Corp. prepares to mark the 25th anniversary of the Lexus next month, the automaker is aiming to strengthen the luxury brand by keeping production mostly in Japan and expanding its modest lineup. While the Japanese brand keeps an eye on its ...

Aug 29, 2014

Japan economy stalls as incomes, spending languish

Japan’s vital signs remained weak in July, as wages fell further and household spending dropped, signaling continued weakness in the world’s third-largest economy. Data released Friday showed inflation was flat. The core consumer price index, excluding volatile fresh food prices, stood at 3.3 percent, ...

Visual shop search: gimmick or game changer?

Aug 29, 2014

Visual shop search: gimmick or game changer?

Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them. It is a great idea, but it doesn’t quite ...

Aug 29, 2014

Kookmin Bank's Japan branches suspended for making improper loans

Kookmin Bank, South Korea’s largest lender, was suspended from conducting new transactions at its branches in Japan for improper lending. The four-month ban takes effect on Sept. 4, the Financial Services Agency said in a statement in Tokyo Thursday. The regulator found that some ...

Megabanks break glass ceiling for foreign managers

| Aug 28, 2014

Megabanks break glass ceiling for foreign managers

by Monami Yui

Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group Inc.’s headquarters, where ...

JAL orders 32 Mitsubishi Regional Jets

Aug 28, 2014

JAL orders 32 Mitsubishi Regional Jets

Japan Airlines Co. said Thursday it will buy 32 planes from Mitsubishi Aircraft Corp. to make its fleet more fuel-efficient. JAL plans to begin using the regional jet in 2021 on domestic routes, the carrier and Mitsubishi Aircraft said Thursday in a statement. The ...

| Aug 28, 2014

Dollar declines to below ¥103.80

The dollar dropped in Tokyo trading Thursday, remaining under pressure from position-adjustment selling following its recent rapid advance. At 5 p.m., the greenback stood at ¥103.75-76, down from ¥103.90-90 at the same time Wednesday. The euro was at $1.3198-3199, up from $1.3185-3186, and at ...

| Aug 28, 2014

Nikkei turns lower on firmer yen

Stocks turned lower Thursday, pressured by selling brought on by a rise in the yen against the dollar. The Nikkei 225 average ended down 74.96 points at 15,459.86. On Wednesday, the key market gauge climbed 13.60 points. The Topix lost 5.18 points to close ...