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May 24, 2016

Sharp to keep solar panel business under Taiwan's Hon Hai

Sharp Corp. is set to retain its struggling solar panel business, judging that it can become profitable with the help of Taiwan’s Hon Hai Precision Industry Co., according to an in-house document. In the document posted Monday on its website for employees, Sharp President ...

Japan's Abe exploring delicate timing of tax hike decision

| May 24, 2016

Japan's Abe exploring delicate timing of tax hike decision

As this summer’s Upper House election draws near, Prime Minister Shinzo Abe faces the difficult problem of when to make the final decision on a planned consumption tax increase. Speculation is growing that Abe will again postpone the consumption tax hike, currently planned for ...

Marriott-Starwood merger to spark turf war in Japan

May 24, 2016

Marriott-Starwood merger to spark turf war in Japan

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For major Japanese hoteliers, the impending merger between Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. signifies the opening of a cutthroat turf war with what will be the world’s largest hotel operator in their home territory. Marriott is poised to expand ...

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 ...