Shares close down more than 7% May. 23, 2013 - 03:29PM JST ( 13 ) Tokyo share prices plunged more than 7% Thursday on record volumes as investors rushed to take profit following weak Chinese data and after months of climbing. The Nikkei 225 index at the Tokyo Stock Exchange closed down 7.32%, or 1,143.28 points, to 14,483.98, while the Topix… Read
Stocks close up 0.13% Business May. 21, 2013 - 04:27PM JST ( 0 Comments ) Tokyo stocks rose 0.13% on Tuesday, recouping early losses as the dollar turned higher against the yen. The benchmark Nikkei 225 index closed up 20.21 points to 15,381.02, its best finish since December 2007, while… Read
Former World Bank chief warns of Japan 'sugar high' Business May. 21, 2013 - 07:00AM JST ( 9 Comments ) Former World Bank president Robert Zoellick said Monday Japan's economic drive needed accompanying structural reforms, voicing fear that recent growth could be just a "sugar high." Japan posted 0.9% quarter-to-quarter growth in the three months… Read
Nissan, Mitsubishi Motors begin joint production of minicar Business May. 21, 2013 - 06:45AM JST ( 1 Comment ) Nissan Motor Co, Mitsubishi Motors Corp on Monday began production of a new minicar at Mitsubishi's Mizushima plant in Kurashiki, Okayama Prefecture. Nissan and Mitsubishi will release the car in June under the model names… Read
Bombardier extends Smart Parts agreement with Japan Air Commuter Business May. 21, 2013 - 05:54AM JST ( 0 Comments ) Bombardier Aerospace has signed a comprehensive, five-year agreement with Japan Air Commuter to renew its Smart Parts program coverage for the Japanese regional carrier's 11 Q400 turboprops. The program renewal is customized to the airline's… Read
United's Boeing 787s back in skies Business May. 21, 2013 - 04:42AM JST ( 0 Comments ) United Airlines resumed Boeing 787 Dreamliner flights Monday after the advanced plane was globally grounded four months ago due to overheated battery incidents. United, the only U.S. carrier that owns the high-tech jetliner, relaunched 787… Read
Goldman Sachs to invest in Japan green energy projects Business May. 20, 2013 - 04:15PM JST ( 12 Comments ) U.S. investment banking giant Goldman Sachs said Monday it will start investing in Japanese renewable energy projects, with a reported $2.9 billion outlay over the next five years. The injection comes after Japan's government stepped… Read
Stocks rally on renewed policy hope, U.S. data Business May. 20, 2013 - 03:58PM JST ( 0 Comments ) Stocks gained 1.47% Monday as investors took a positive view of Tokyo's growth policy while strong U.S. data and the weaker yen continued to add fizz. The benchmark Nikkei 225 index soared 222.69 points to… Read
Gov't upgrades economic assessment for first time in two months Business May. 20, 2013 - 02:00PM JST ( 3 Comments ) The Japanese government on Monday upgraded its assessment of the economy in May for the first time in two months, in a sign growth is accelerating as exports and factory output pick-up. The economy is… Read
United to restart 787 flights on Monday Business May. 20, 2013 - 01:07PM JST ( 0 Comments ) United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The… Read
Weak yen helps drive Japan earnings, but no cure-all Business May. 20, 2013 - 06:50AM JST ( 12 Comments ) Japan's earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation's top exporters, but, some commentators warn, the drop is not all good news. Sony… Read