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Japan close to beating deflation: BOJ deputy chief

Jul 23, 2014

Japan close to beating deflation: BOJ deputy chief

Japan is closer to conquering chronic deflation with monetary policy working as hoped, Bank of Japan Deputy Gov. Hiroshi Nakaso said Wednesday. “Japan’s economy is likely to achieve an inflation rate of about 2 percent in or around fiscal 2015, and thereafter gradually shift ...

Jul 23, 2014

Pola Orbis eager to acquire foreign brand

Pola Orbis Holdings Inc. wants to acquire a foreign cosmetics brand that doesn’t overlap with its existing products in terms of price and concept, President Satoshi Suzuki said in a recent interview. That would leave the Japanese cosmetics maker purchasing a brand with product ...

Imports of Chilean wine surge in Japan

Jul 23, 2014

Imports of Chilean wine surge in Japan

Imports of bottled wine from Chile are surging, thanks in part to a bilateral economic partnership agreement that has lowered the import tariff. Chilean wine was second in annual imports in Japan in 2013 on a country-by-country basis, beating Italian wine. This year, Chilean ...

Jul 23, 2014

Apple profit climbs along with iPhone sales

Apple on Tuesday reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results. The California-based company posted a profit of $7.7 billion on revenue of $37.4 billion in the three months ...

Jul 22, 2014

NHK president says no fee cuts soon

President Katsuto Momii said Tuesday that NHK won’t be able to cut viewer subscription fees before April 2018. “It will be financially tough during the next three years and it is unlikely we can achieve a fee cut,” Momii said in an interview. He ...

Japan, Mongolia ink free trade agreement

Jul 22, 2014

Japan, Mongolia ink free trade agreement

Japan and Mongolia reached a basic accord on a free trade deal during a summit in Tokyo on Tuesday evening, Prime Minister Shinzo Abe said. The trade pact features Ulan Bator abolishing its tariffs on most Japanese automobiles in 10 years. The amount of ...

Jul 22, 2014

Disney's 'Frozen' earns ¥25 billion at Japanese box office

Walt Disney Co. (Japan) said Tuesday the animated movie “Frozen” has earned box-office revenue of ¥25.1 billion in Japan in the roughly four months since it opened here March 14. The U.S.-produced blockbuster is the first movie to cross the ¥25 billion line in ...