Activists demand stop to Japan-funded coal plant in climate-vulnerable Bangladesh
Climate campaigners said the project contradicts Japan's commitment, made with other wealthy G7 nations last May, to end funding for "unabated" coal power overseas by the end of 2021.
Japanese firm acquitted in deadly Taiwan train derailment: report
The court dismissed the Taiwan Railways Administration's legal complaint on the grounds that it failed to provide proof to substantiate its claim.
How Myanmar's military moved in on the telecoms sector to spy on citizens
Intercept spyware gives the military the power to listen in on calls, view text messages and web traffic, and track the locations of users without the assistance of telecom firms.
Japan's Sumitomo exits U.S. shale oil business to promote restructuring
Trading house Sumitomo Corp. said Thursday it had withdrawn from the U.S. shale oil and gas business to cut costs and proceed with structural reforms. The Japanese firm has sold all of its stake in a shale oil project in Texas to a U.S. oil ...
Buffett-led share price boom short-lived for most Japan trading firms
The August announcement, among the largest investments ever made by Buffett in Japan, boosted investor interest in the trading companies.
Berkshire Hathaway takes stakes topping $6 billion in Japan's top five trading companies
Shares in the trading houses leaped on news of the foray, one of billionaire Warren Buffett's biggest in Asia’s second-largest economy.
Japanese trading giant Itochu edges traditional rivals by shunning energy and metals
Itochu is shattering the old pecking order led by Mitsubishi, Mitsui and Sumitomo by extending its lead as the nation's most valuable trader.
WeWork bailout stalls as Japan banks balk at lending Softbank $3 billion
SoftBank Group Corp.'s talks to secure $3 billion (about ¥328 billion) from the nation's three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork. The technology conglomerate is ...
Masayoshi Son's bankers worried about their favorite client
Masayoshi Son's bankers are taking a hard look at their most important client. After the costly rescue of office-sharing startup WeWork and a series of other high-profile setbacks for Son, senior executives at two of Japan's biggest banking groups have said privately they've grown less ...
Sumitomo to build hotels with over 1,700 rooms at Tokyo's Haneda Airport
Two hotels, with a total of more than 1,700 rooms, will be built in Tokyo at Haneda Airport, according to Sumitomo Realty and Development Co. Sumitomo said Tuesday a large-scale multipurpose development complex connected to the airport, comprising the hotels, shopping areas and an open-air ...
Some banks are levying more fees as a way to cover plunges in revenue, with industry leader MUFG Bank considering a maintenance charge for inactive accounts. The moves reflect a tougher business environment amid prolonged low interest rates as well as higher costs for labor ...
Japan's mega-banks named as world's biggest lenders for new coal plants
Japan's three biggest commercial banks are the world's top financiers of new coal plants, according to research released Thursday in Spain at the United Nations Climate Change Conference. Mizuho Financial Group, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group together accounted for 32 percent ...
