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Aug 15, 2014

Ota plugs Malaysia bullet train plan

Transport minister Akihiro Ota said Thursday that he was able to bring a better understanding of the Shinkansen bullet train technology to Malaysia for a project to connect Kuala Lumpur and Singapore with a high-speed train system. During his stay in Malaysia, Ota called ...

Aug 15, 2014

Don Quijote to boost duty-free sales with dedicated paperwork counters

Major discount chain Don Quijote Holdings Co. plans to boost duty-free sales for foreign tourists in October, when consumable goods will be added to tax-free items, company officials said. The company will create dedicated counters where visitors from other countries can complete the procedures ...

Aug 15, 2014

Chip makers skip summer break to meet smartphone demand

While much of Japan relaxes during the Bon summer holiday period, its top semiconductor makers are keeping their factories running to meet fierce demand from China for the technology that runs smartphones. Demand is expected to heat up even more with the launch of ...

75% oppose second stage of sales tax hike

Aug 15, 2014

75% oppose second stage of sales tax hike

Three-quarters of the public is against the second stage of consumption tax hike planned for October 2015, after taking a heavy blow from the first stage in April, according to the latest survey. In a survey carried out by Jiji Press over four days ...

Aug 15, 2014

METI to scold companies over keeping data secure

The government plans to urge companies to ensure personal information is being strictly managed in light of the customer data theft at correspondence education provider Benesse Corp., officials said Friday. The incident is prompting Ministry of Economy, Trade and Industry to call on firms ...

Aug 15, 2014

GPIF law change may be shelved, Kihara says

A law to transform how the world’s biggest pension fund is run can wait and may even be shelved, said a ruling party official, contradicting his deputy policy chief who called it the top priority. Prime Minister Shinzo Abe’s team can achieve adjustments at ...

Aug 15, 2014

N.Y. Fed: U.S. auto loans soar to highest in eight years

U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. Yet the New York Fed also said that ...

Berkshire Hathaway stock tops $200,000

Aug 15, 2014

Berkshire Hathaway stock tops $200,000

The stock price of Warren Buffett’s Berkshire Hathaway topped $200,000 for the first time Thursday. Class A shares of Berkshire jumped past the milestone to an all-time trading high of $201,740 Thursday morning. The shares have long been the most-expensive U.S. stock. Buffett has ...

Aug 15, 2014

Amazon surge in Japan lifts Yamato's express deliveries

As more Japanese use mobile phones to shop online, Asia’s biggest parcel shipper is ready. Yamato Holdings Co. is seeing so much demand for everything from computer disks to electrical parts by customers of Amazon.com Inc. and other online retailers in Japan that it ...