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Aug 18, 2014

SMBC to become top stakeholder in biggest Cambodian bank

Sumitomo Mitsui Banking Corp. plans to acquire a stake of 12.25 percent in Acleda Bank, the largest commercial bank in Cambodia, for over ¥10 billion to become its top shareholder, sources said Monday. Pending approval by regulatory authorities in the Southeast Asian country, the ...

Aug 18, 2014

TPP meeting scheduled in Hanoi next month

The 12 nations involved in the Trans-Pacific Partnership free trade initiative will hold a working-level meeting in Hanoi next month, Japanese government officials said Monday. The chief negotiators of the 12 TPP member economies are also expected to meet for 10 days of negotiations ...

Top-paid Nikkei 225 female exec shows Japan gender hurdles

Aug 18, 2014

Top-paid Nikkei 225 female exec shows Japan gender hurdles

Only one female executive made it to the top-earner list of the Nikkei 225 companies last year. She is an American who lives in New York. Nicole Seligman, president of Sony Corporation of America and Sony Entertainment Inc., is the only female among 185 ...

Aug 17, 2014

Chugai denies report on Roche's bid for control

Chugai Pharmaceutical Co. is not in talks to become a wholly owned unit of Roche Holdings AG, contrary to a recent report about a $10 billion (¥1.02 trillion) share deal linked to the matter, the Tokyo-based drugmaker said. “Chugai is in no way in ...

Most major firms expect to see economy grow by year-end

Aug 17, 2014

Most major firms expect to see economy grow by year-end

A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government’s plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says. Although ...

Aug 17, 2014

Convenience stores take new tack with tie-ups, new food offerings

Convenience store chains are launching new types of outlets to attract new customers and expand sales networks as competition increases. FamilyMart Co. is adding more outlets paired with karaoke boxes, while Three-F Co. is setting up stores specializing in foodstuffs. On Wednesday, FamilyMart opened ...

Power play: the debate over renewable energy

Aug 16, 2014

Power play: the debate over renewable energy

by Eric Johnston

On Aug. 26, 2011, the same day that Prime Minister Naoto Kan resigned after widespread criticism of his handling of the meltdowns at the Fukushima No. 1 nuclear power plant that followed the Great East Japan Earthquake and tsunami in March 2011, the Diet ...

Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...