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May 23, 2016

Toshiba revises earnings results, plans to halve capital base

Toshiba Corp. has corrected fiscal 2015 earnings results released earlier in the month, as the industrial conglomerate reviewed its calculations of losses from its nuclear power business. Toshiba, hit by an accounting scandal that surfaced roughly a year ago, also announced it will more ...

| May 23, 2016

Tokyo stocks retreat on rise in yen

Stocks turned lower Monday on the Tokyo Stock Exchange, pressured by a resurgent uptick in the yen against the dollar. The 225-issue Nikkei average lost 81.75 points, or 0.49 percent, to end at 16,654.60. On Friday, the key market gauge climbed 89.69 points. The ...

May 23, 2016

Pro-Abenomics LDP group urges Abe to proceed with tax hike

A group of lawmakers in the ruling Liberal Democratic Party is urging Prime Minister Shinzo Abe to go ahead with the second stage of the consumption tax hike in April 2017, and implement economic stimulus worth ¥15 trillion to ¥20 trillion by compiling a ...

Japan's exports post seventh monthly decline on stronger yen

May 23, 2016

Japan's exports post seventh monthly decline on stronger yen

Exports fell for the seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth. Overseas shipments declined 10.1 percent in April from a year earlier, the Finance Ministry said Monday. The ...

May 23, 2016

Japan, Panama reach deal on tax information exchanges

Japan and Panama have reached an in-principle agreement on concluding a bilateral treaty on tax information exchanges, the Finance Ministry said Monday. The agreement, reached in talks between the two countries, includes regular exchanges of information on financial accounts held by nonresidents to prevent ...

May 23, 2016

Japan pays least since 2005 for LNG amid price slump

Japan, the world’s biggest buyer of LNG, paid the lowest price in about 11 years for the fuel last month amid a global oversupply. The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, the ...