Laundry-folding robot unveiled at Tokyo trade fair


In a move that takes advantage of image recognition and robotics technologies, a Tokyo-based company is showcasing an unusual home appliance at the CEATEC trade fair. The invention, heralded as a world first by manufacturer Seven Dreamers Laboratories, is an automated laundry-folding robot, dubbed “Laundroid.” The company is introducing the ...

Oct 10, 2015

Japan, China join hands on busting cartels, clarifying antitrust policies

Japanese and Chinese antitrust authorities are slated to sign a memorandum of understanding on cooperation, informed sources said. Under the memorandum, to be inked Tuesday, the Fair Trade Commission and China’s National Development will exchange information on cartels involving both Japanese and Chinese companies ...

Oct 9, 2015

Malaysian central bank urged criminal prosecution of state fund

Malaysia’s central bank said on Friday it had urged the country’s attorney general to begin criminal prosecution of troubled fund 1MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund’s advisory board. At the center of a ...

Oct 9, 2015

Tax cuts may be axed in bid to spur investment

The government is considering ending tax cuts to reduce burdens for corporate investment in order to enhance productivity at the end of March 2017, sources close to the matter said. With the change, the government expects an increase of around ¥300 billion to ¥500 ...

| Oct 9, 2015

Dollar firmer above ¥120 in Tokyo

The dollar rose above ¥120 in Tokyo trading on Friday, drawing support chiefly from solid performances of Asian stock markets. At 5 p.m., the dollar stood at ¥120.10-12, up from ¥119.80-81 at the same time Thursday. The euro was at $1.1336-1337, up from $1.1289-1290, ...

Fast Retailing forecast lags estimates as U.S. losses mount

Oct 9, 2015

Fast Retailing forecast lags estimates as U.S. losses mount

Fast Retailing Co. forecast lower profits this fiscal year than analysts are expecting after losses at its Uniqlo and J Brand businesses in the U.S. hurt last year’s earnings. Net income will probably rise 4.5 percent to ¥115 billion ($960 million) in the year ...

Oct 9, 2015

G-20 addresses global risks amid China slowdown

Finance chiefs from the Group of 20 industrialized countries on Thursday discussed the need to contain downside risks facing the global economy by enhancing domestic demand and expanding employment. The finance ministers and central bankers of Japan, China and South Korea, in a meeting ...

| Oct 9, 2015

Tokyo stocks boosted by U.S. rise

Stocks staged a sharp rebound on the Tokyo Stock Exchange on Friday, supported by an overnight rise Thursday in U.S. equities. The 225-issue Nikkei average gained 297.50 points, or 1.64 percent, to end at the day’s high of 18,438.67. On Thursday, the key market ...

Oct 9, 2015

International flights up 60% over five years at regional airports

Scheduled international flights to and from regional airports in Japan increased 60 percent over the past five years, according to data compiled by the transport ministry. The growth is likely the result of local government efforts to entice low-cost carriers to serve their airports ...