Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Business Topics
Corporate Sep 24, 2013
Union's push for IPO forces Chrysler to file
Chrysler Group is reluctantly preparing for an initial public offering of some of its shares. The automaker is proceeding with the IPO after it failed to reach an agreement on the value of the stock with the retiree trust that owns it. Chrysler shares ...
Corporate Sep 20, 2013
Nissan plans Sunny plant in Myanmar
Nissan Motor Co. said Friday it will build a car assembly plant in Myanmar to begin manufacturing the Nissan Sunny compact sedan in 2015. The company said the Myanmar Investment Commission approved its application for the joint venture plant with Malaysia’s Tan Chong Motors ...
Corporate Sep 20, 2013
Handset makers brace for turbulence
by Kazuaki Nagata
With all three of Japan's top telecoms firms selling the iPhone, industry observers say handset makers are in for tough times.
Corporate Sep 20, 2013
Sony expects price, content to up PS4 sales
Sony Corp. expects the lower price of the PlayStation 4 and wider variety of entertainment services to drive its forecast to sell 5 million units of the game console by the end of March. The projection for Sony’s next-generation machine, set to be introduced ...
Corporate Sep 20, 2013
DoCoMo's entry ups iPhone frenzy
by Kazuaki Nagata
The latest iPhone models hit store shelves Friday in Japan, drawing hordes of fans to retailers nationwide, while mobile giant NTT DoCoMo Inc. started selling the iconic handsets for the first time. Since Apple Inc. unveiled two new handsets, the iPhone 5S and 5C, ...
Corporate Sep 20, 2013
Now-healthy JAL marks first anniversary of relisting
A year after relisting on the Tokyo Stock Exchange, Japan Airlines Co. is overwhelming long-time rival ANA Holdings Inc. in profit terms. Thursday marked the first year anniversary of JAL’s return to the first section of the TSE, and the airline has regained its ...
Corporate Sep 20, 2013
JPMorgan to pay $920 million over loss, admits fault
JPMorgan Chase & Co. will pay $920 million for trading losses that shook the financial world last year. But the bigger price may be a few words rarely uttered in settlements with regulators: America’s largest bank is also admitting wrongdoing. JPMorgan’s acknowledged failure of ...
Corporate Sep 20, 2013
Apple's two latest iPhone models hit shelves in Japan
Apple Inc.'s newest iPhone models goes on sale Friday in Japan ahead of their debut in the United States and other countries later in the day, with NTT Docomo Inc. offering the popular handsets for the first time.
Corporate Sep 19, 2013
Former Nintendo President Yamauchi dies at 85
Hiroshi Yamauchi, who ran Nintendo Co. for more than 50 years and led the company’s transition from traditional playing card maker to video game giant, died Thursday. He was 85. Kyoto-based Nintendo said Yamauchi, who was also known for owning the Seattle Mariners baseball ...
Corporate Sep 19, 2013
UBS Japan unit told to fork out over Libor
UBS Securities Japan has been ordered to pay a $100 million (¥9.8 billion) fine as part of a global resolution of allegations that it manipulated benchmark interest rates. According to court filings, the Japanese unit of UBS AG, Switzerland’s biggest bank, pleaded guilty in ...
Corporate Sep 19, 2013
Ailing Air France to cut 2,800 jobs
Air France said it needs to cut 2,800 jobs to balance its books and return to health after years of falling demand and increased competition from low cost carriers. The French airline, which is part of the loss-making Franco-Dutch group Air France-KLM, said Wednesday ...
Corporate Sep 19, 2013
BlackBerry may cut 40% of workforce
Struggling smartphone maker BlackBerry could cut its workforce by up to 40 percent by the end of the year, The Wall Street Journal reported Wednesday. Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts ...