EconomyLoop
where regional business news becomes global to everyone

Tokyo stocks turn down on growing concerns over U.S. elections

Stocks closed lower on the Tokyo Stock Exchange on Wednesday, as investors grew concerned about the results of the closely watched U.S. midterm elections.The key ... read more

 Japan Times9 days ago

     
Dollar weaker around ¥113 in Tokyo trading

The dollar eased to around ¥113 in Tokyo trading Wednesday, dampened by media reports predicting that the U.S. opposition Democratic Party would regain a House ... read more

 Japan Times9 days ago
Upper House enacts extra budget worth ¥936 billion for disaster recovery

Lawmakers in the House of Councilors on Wednesday enacted an extra budget worth ¥935.6 billion ($8.3 billion) for fiscal 2018 to fund recovery efforts in ... read more

 Japan Times9 days ago
Scandal-hit KYB braces for first annual loss in three years

Scandal-hit KYB Corp. on Tuesday projected a consolidated net loss in fiscal 2018, its first in three years, lowering its bottom-line forecast to a loss ... read more

 Japan Times9 days ago
NTT to invest ¥3 trillion on research and 5G mobile network systems

Nippon Telegraph and Telephone Corp. said Tuesday it will invest ¥3 trillion ($26 billion) over the next five years on advanced research activities and next-generation ... read more

 Japan Times9 days ago
SoftBank IPO seeks $18 billion from retail investors

SoftBank Group Corp. is seeking to raise a record ¥2 trillion ($18 billion) from Japanese individuals in the initial public offering of its mobile phone ... read more

 Japan Times9 days ago
Walmart CEO: No truth to sale of Seiyu and exiting Japan

Despite a flurry of media reports, U. S. retailer Walmart Inc. has no intention of selling its Seiyu supermarket unit, a top company official said in an exclusive interview with The Asahi Shimbun on Nov.... read more

 Asahi Simbun9 days ago
Boeing close to issuing safety warning on 737 Max following crash off Indonesia

Boeing Co. is preparing to send a bulletin to operators of its new 737 Max models warning that erroneous readings from a flight-monitoring system can ... read more

 Japan Times9 days ago
Iran oil exports to fall, then rebound as buyers use waivers

SINGAPORE/LONDON--Iran's oil exports have fallen sharply since U. S. President Donald Trump said at mid-year he would reimpose sanctions on Tehran, but with waivers in hand the Islamic Republic's major buyers... read more

 Asahi Simbun9 days ago
How the catch of the day lands on Tokyo dinner plates in hours

It's 3 a. m. and a fresh catch of fish has just been offloaded at a port in faraway Kyushu. Similar scenes are played out in the darkness of the new day across Japan. Around 10:30 a. m. , polystyrene foam boxes... read more

 Asahi Simbun9 days ago
Amazon considering New York amid reports HQ2 will be split

New York is one of the finalists in Amazon's search to build another headquarters, according to a person familiar with the talks.After a yearlong search ... read more

 Japan Times9 days ago
Facebook admits not doing enough to prevent services from being used to incite Myanmar violence

Facebook is admitting that it didn't do enough to prevent its services from being used to incite violence and spread hate in Myanmar.Alex Warofka, a ... read more

 Japan Times9 days ago
British women protest as their pension age rises to meet men’s at 65

Millions of British women feel "betrayed" and many are facing poverty, campaigners said on Tuesday, as the age they can claim the state pension rose ... read more

 Japan Times9 days ago
Senegal launches African cybersecurity school

Senegal on Tuesday inaugurated a cybersecurity school to strengthen West Africa's defenses against computer hackers and use of the internet for terror funding and propaganda.Senegalese ... read more

 Japan Times9 days ago
WTO upholds Japan's complaint over India's safeguard on steel imports

TOKYO/GENEVA-- A World Trade Organization (WTO) dispute panel largely upheld Japan's complaint against a safeguard duty imposed by India on steel imports for two-and-a-half years, a ruling published on... read more

 Asahi Simbun10 days ago
Toyota quarterly profit rises on growing sales, cost cuts

Toyota Motor Corp reported a 28 percent surge in its net profit in the last quarter, helped by growing sales in Europe, Asia and the Americas, and raised…... read more

 Japan Today10 days ago
Japan crude oil buyers expected to restart Iran imports

Japanese buyers of Iranian crude oil are expected to prepare to resume imports from the Middle Eastern nation after Tokyo was granted a waiver from U.S. sanctions that…... read more

 Japan Today10 days ago
Asian economies grateful for reprieve on Iran oil imports

Japan, South Korea and other major oil importers welcomed Tuesday the decision by the Trump administration to let them continue to import Iranian crude oil and other petroleum…... read more

 Japan Today10 days ago
WTO upholds Japan's complaint over India's safeguard on steel imports

A World Trade Organization (WTO) dispute panel largely upheld Japan's complaint against a safeguard duty imposed by India on steel imports for two-and-a-half years, a ruling published on…... read more

 Japan Today10 days ago
A $240-billion-a-day market seen leaving London over Brexit

The City of London is being dealt another Brexit blow.CME Group Inc. is moving its European market for short-term financing, the largest in the region, ... read more

 Japan Times10 days ago
Motel 6 must pay $7.6 million to Hispanics for giving guest lists to U.S. immigration agents

Motel 6 will pay up to $7.6 million to Hispanic guests to settle a proposed class-action lawsuit claiming that it violated their privacy by regularly ... read more

 Japan Times10 days ago
Toyota logs record sales in first half

Toyota Motor reported record sales for the 6-month period to September thanks to demand in Asia, including China.(NHK)... read more

 News on Japan10 days ago
Snow crab fishing season begins in Sea of Japan

Fishing season for snow crabs, a winter delicacy, began in the Sea of Japan on Tuesday.(NHK)... read more

 News on Japan10 days ago
Dollar briefly hits one-month highs above ¥113.40 in Tokyo

The dollar Tuesday afternoon briefly hit one-month highs above ¥113.40 in Tokyo, supported by purchases from short-term players.At 5 p.m., the dollar stood at ¥113.33-33, ... read more

 Japan Times10 days ago
Cabinet sends Japan-EU free trade pact to the Diet

The Cabinet on Tuesday approved a bill to ratify a massive free trade agreement with the European Union.The Abe administration hopes to gain Diet approval ... read more

 Japan Times10 days ago
Lego wins court case in China over copyright infringement

Lego has won another case against imitators in China where copies of its colorful plastic toy bricks and figures have been a recurring problem, the ... read more

 Japan Times10 days ago
Toyota quarterly profit rises on growing sales and cost cuts

Toyota Motor Corp. reported a 28 percent surge in the last quarter on growing sales in Europe, Asia and the Americas and cost cutting. It ... read more

 Japan Times10 days ago
Household spending in Japan falls first time in three months

Households reduced spending for the first time in three months in September due to the effects of natural disasters, leading the government to lower its ... read more

 Japan Times10 days ago
Rules eyed for data-hogging IT giants to ensure fair competition

Japan plans to impose its first regulations on the world’s biggest information technology companies over concerns that their monopolistic hold on personal information is hampering fair competition and promoting... read more

 Asahi Simbun10 days ago
Japan to sue South Korea at WTO over subsidies to shipbuilders

Japan will ask South Korea to launch bilateral talks over what it sees as Seoul's unfair subsidies for shipbuilders, but the dispute will most likely ... read more

 Japan Times10 days ago
Tokyo stocks rebound on buybacks

Stocks turned higher Tuesday, boosted by buybacks following the previous day's plunge.The Nikkei 225 average rose 248.76 points, or 1.14 percent, to end at 22,147.75. ... read more

 Japan Times10 days ago
U.S. exempts Japan and seven other nations from Iran oil sanctions

U.S. President Donald Trump's administration temporarily exempted Japan and seven other parties from its ban on Iranian oil imports as Washington reimposed sanctions against Tehran ... read more

 Japan Times10 days ago
Economic realities moderate Trump’s hard line on Iran

The Trump administration was caught between allies at home and abroad and the reality of global economics as it reinstated sanctions Monday on Iran, forced ... read more

 Japan Times10 days ago
Toyota quarterly profit rises 28% on growing sales, cost cuts

Toyota Motor Corp. reported a 28 percent surge in the last quarter on growing sales in Europe, Asia and the Americas and cost cutting. It raised its profit forecast for the full year. The top Japanese automaker... read more

 Asahi Simbun10 days ago
Japan household spending falls in September

Japan’s household spending slumped in September from a year earlier, government data showed on Tuesday, falling well short of economists’ expectations and suggesting a slow recovery after an…... read more

 Japan Today10 days ago
BOJ chief: Loose monetary policy could later hurt local lenders

NAGOYA--Bank of Japan Governor Haruhiko Kuroda warned that the central bank’s drawn-out ultra-easy monetary policy could eventually seriously damage local financial institutions and destabilize the entire... read more

 Asahi Simbun10 days ago
EU-Japan trade deal clears hurdle on way to 2019 start

BRUSSELS--European Union and Japanese plans to form the world's largest free trade area cleared a significant hurdle on Monday when EU lawmakers specializing in trade backed a deal that could enter force... read more

 Asahi Simbun10 days ago
Justices skeptical of argument to overturn ban on mining radioactive uranium in Virginia

The Supreme Court seemed reluctant Monday to agree with companies seeking to overturn a decades-old Virginia ban on mining radioactive uranium.The justices heard arguments in ... read more

 Japan Times10 days ago
Takeda pushes back as dissident shareholders seek to stop Shire deal

Takeda Pharmaceutical Co. Chief Executive Officer Christophe Weber pushed back against dissident shareholders seeking to stop the Japanese drugmaker's acquisition of Shire PLC, saying he ... read more

 Japan Times10 days ago
Worldwide web inventor wants new ‘contract’ to make system safe amid ‘fake news’ backlash

The inventor of the worldwide web on Monday called for a "contract" to make internet safe and accessible for everyone as Europe's largest tech event ... read more

 Japan Times10 days ago
High-flying women are closing the pay gap with men: report

High-flying women are catching up with men when it comes to executive pay but are still woefully under-represented at the top of the working world, a pay comparison…... read more

 Japan Today11 days ago
Subaru recalls more cars, as cheating issue widens

Subaru Corp said Monday it would recall more vehicles sold in the domestic market on new cases of inspection cheating, and cautioned that rising recall costs would lop…... read more

 Japan Today11 days ago
China's Xi promises market opening as import fair begins

President Xi Jinping promised Monday to open China's growing consumer market wider at a fair designed to help counter charges that Beijing abuses the global trading system. The…... read more

 Japan Today11 days ago
BOJ's Kuroda rules out rate hike for now

Bank of Japan Governor Haruhiko Kuroda on Monday ruled out the chance of a near-term interest rate hike, arguing that doing so now would only add to strains…... read more

 Japan Today11 days ago
Brash Holocaust-surviving shareholder activist Evelyn Y. Davis dies at 89

The brash shareholder activist Evelyn Y. Davis, who owned stock in more than 80 public companies and rarely failed to make her presence known at ... read more

 Japan Times11 days ago
Amid cash crunch, Havana fights trash woes ahead of 500th anniversary of its founding

Luxury hotels are rising fast along the Prado, the tree-lined colonial boulevard that is home to many of Havana's best-known architectural masterworks.Yet within sight of ... read more

 Japan Times11 days ago
U.S. Supreme Court ends fight over Obama-era net neutrality rules by not taking up repeal bid

The legal fight over a 2016 lower court ruling upholding Obama-era net neutrality regulations aimed at ensuring a free and open internet — rules that ... read more

 Japan Times11 days ago
Dollar retakes ¥113 in Tokyo but topside capped

The dollar rose back above ¥113 in Tokyo trading on Monday, but its topside was capped as market players retreated to the sidelines ahead of ... read more

 Japan Times11 days ago
Subaru to recall 100,000 more vehicles; cuts output, forecast

Subaru Corp. said Nov. 5 that it was recalling about 100,000 additional vehicles over falsified data on brake inspections and has sharply revised down its forecast for its scandal-ridden fiscal year. The... read more

 Asahi Simbun11 days ago
SoftBank CEO decries death of journalist, defends Saudi fund

SoftBank Group Corp. Chief Executive Masayoshi Son has denounced the killing of Saudi journalist Jamal Khashoggi, but defended the Japanese technology giant's investment fund, which includes Saudi money,... read more

 Asahi Simbun11 days ago