EconomyLoop
where regional business news becomes global to everyone

LDP calls on government to protect farm sector in Japan-EU trade talks

The Liberal Democratic Party is pushing the government to ensure that key industries such as pork, beef, dairy and lumber remain protected through tariffs in ... read more

 Japan Times6 hours ago

     
Tokyo venture’s laundry-folding robot will set you back about ¥2 million

A Tokyo-based venture firm has started accepting orders for a laundry-folding robot to be priced at around ¥2 million. Seven Dreamers Laboratories Inc. said the ... read more

 Japan Times8 hours ago
Japanese banks vulnerable to shocks as dollar borrowing doubles: BIS

Japanese banks have more than doubled their borrowing and lending in dollars since 2007, leaving them vulnerable to funding shocks such as those that exacerbated ... read more

 Japan Times8 hours ago
Dollar slightly firmer around ¥111.50 yen in late Tokyo

The dollar rose slightly in late Tokyo trading Monday partly because European stocks opened higher. At 5 p.m., the dollar stood at ¥111.45-46, up from ... read more

 Japan Times8 hours ago
Japan’s coincident economy index for April revised downward

The Cabinet Office said Monday it has revised downward the composite index of coincident economic indicators for April. The revised coincident CI, which reflects current ... read more

 Japan Times8 hours ago
Nomura may charge ¥15 million research premium amid EU regulatory change

As the European ban on bundling research with brokerage services looms, Nomura Holdings Inc. has proposed that clients pay as much as 120,000 euros (about ... read more

 Japan Times8 hours ago
Takata bankruptcy raises fears of impact on local suppliers, employees

Takata Corp. suppliers and employees expressed concerns on Monday following the embattled company's decision to file for bankruptcy protection amid a global recall of its ... read more

 Japan Times8 hours ago
Takata’s future costs still unclear even after bankruptcy

While Takata Corp.'s bankruptcy filing appears to have it on course to someday regain financial stability, questions remain about the turnaround as the company still ... read more

 Japan Times8 hours ago
Vending machines expand product offerings, from diapers to cancer-awareness ribbons

Vending machine operators have recently been seeking new ways to expand their sales, as they face competition from convenience stores that offer an increasing variety ... read more

 Japan Times9 hours ago
Driverless vehicles put through road tests in Okinawa

Self-driving vehicles were put through road tests Monday in Okinawa, with officials from the Ministry of Economy, Trade and Industry saying they hope the technology ... read more

 Japan Times9 hours ago
Tokyo stocks edge higher as trading incentives still lacking

Stocks closed slightly higher on the Tokyo Stock Exchange Monday amid a dearth of major fresh incentives for trading. The benchmark Nikkei 225 average gained ... read more

 Japan Times9 hours ago
Activist hedge fund Third Point buys $3.5 billion stake in Nestle, eyeing opportunities in Europe

Nestle SA is being targeted by activist investor Dan Loeb's hedge fund Third Point, which has built a stake of more than $3.5 billion in ... read more

 Japan Times11 hours ago
China’s per capita GDP set for ongoing rise as the economy shifts from manufacturing to services

China's transformation from rags to riches isn't over quite yet. Thanks to economic reforms put in place by late leader Deng Xiaoping from the '70s ... read more

 Japan Times11 hours ago
Japan diaper output falls 1st time in 15 years

Japanese production of disposable diapers declined for the first time in 15 years in 2016, mainly due to weaker purchases from visiting Chinese tourists. (Nikkei)... read more

 News on Japan12 hours ago
Takata CEO to step down

The head of Japanese airbag maker Takata says he will step down to take responsibility for the company's failure. (NHK)... read more

 News on Japan12 hours ago
Takata has filed for bankruptcy protection

Struggling Japanese airbag maker Takata has filed for bankruptcy protection in a Tokyo court, following massive recalls of its products around the world. (NHK)... read more

 News on Japan12 hours ago
Q&A: A look at Takata's bankruptcy and air bag recalls

DETROIT--Air bag maker Takata Corp. filed for bankruptcy protection in Japan and the United States, acknowledging that the financial problems caused by millions of faulty air bag inflators that can kill... read more

 Asahi Simbun15 hours ago
Crushed by air bag recalls, Takata files for bankruptcy in U.S., Japan

Takata Corp. has filed for bankruptcy protection after faulty air bags made by the company were linked to more than a dozen deaths and led ... read more

 Japan Times17 hours ago
Candy infused with lactic acid bacteria stops tooth decay

A candy a day keeps the dentist at bay, apparently. Candy tablets containing a strain of lactic acid bacteria that suppress tooth decay and periodontal disease are now on sale across Japan under the name... read more

 Asahi Simbun17 hours ago
There's more than points at stake in Japan's reward programs

Reward programs and discounts are an attraction for consumers, but they are not exactly a motivator to do better. In a twist on such services, some Japanese companies are introducing point systems that encourage users to be more diligent in various p... read more

 News on Japan19 hours ago
Takata decides to file for bankruptcy - Japan media

Japan's Takata Corp decided on Monday to file for bankruptcy protection in Japan with liabilities of more than 1 trillion yen ($9 billion), Japanese media reported, as the auto parts supplier has struggled... read more

 Asahi Simbun19 hours ago
Lost your cat? Easy tracking system in cards with insurance

Here kitty kitty. Pet lovers perhaps will no longer have to utter those words if their cat goes missing. Tokio Marine & Nichido Fire Insurance Co. is set to offer a new policy that will cover the cost... read more

 Asahi Simbun20 hours ago
Illinois could be first state with ‘junk’ credit due to budget

Illinois is on track to become the first U.S. state to have its credit rating downgraded to "junk" status, which would deepen its multibillion-dollar deficit ... read more

 Japan TimesYesterday
Takata bankruptcy filing might put auto industry’s biggest recall at risk

The expected bankruptcy of troubled air-bag maker Takata Corp. isn't just a crisis for its employees and suppliers. It also throws a wild card into ... read more

 Japan TimesYesterday
Under pressure, Western tech firms bow to Russian demands to share cybersecrets

Western technology companies, including Cisco, IBM and SAP, are acceding to demands by Moscow for access to closely guarded product security secrets, at a time ... read more

 Japan TimesYesterday
Robots to tend to visitors at latest branch of ‘weird hotel’ chain

GAMAGORI, Aichi Prefecture--A third Henn na Hotel (weird hotel), staffed mainly by robots, will open on Aug. 1, operator H. I. S. Group said. The two-story building, with a total floor space of 4,300 square... read more

 Asahi SimbunYesterday
VR amusement center opens in Shibuya to cash in on new tech

Tokyoites now have another way to escape their day-to-day lives with the opening Saturday of an indoor amusement center featuring virtual reality technology in the ... read more

 Japan Times2 days ago
Lotte founder Shigemitsu exits board after eldest son’s bid to return fails

The founder of Lotte Holdings Co., embroiled in a family feud over its management, has left the board after a stint of around 70 years ... read more

 Japan Times2 days ago
Honda denies knowing Takata air bags were faulty 20 years ago

Honda Motor Co. on Friday denied claims it knew about Takata Corp.'s faulty air bag inflators nearly two decades ago. The automaker released an email ... read more

 Japan Times2 days ago
Google to stop reading people’s Gmail to help sell ads

Google is going to stop reading people's Gmail in search of opportunities to sell ads. The change, announced Friday, will end a practice that Google ... read more

 Japan Times2 days ago
Honda denies covering up dangers of Takata air bags

DETROIT--Honda is going public in an effort to debunk claims by lawyers that it knew about the hazards of exploding Takata air bag inflators nearly two decades ago but covered them up. The automaker issued... read more

 Asahi Simbun2 days ago
Japan firm shipped unapproved Chinese-firm shipped un

A Japanese chemical firm shipped unauthorized Chinese-made acetaminophen, a painkiller used as an ingredient for cold medicines, to drug makers by mixing it with its own acetaminophen, health ministry officials said Thursday. (Jiji)... read more

 News on Japan2 days ago
CEOs recall when teens like them actually worked summer jobs

Even CEOs have to start somewhere. Some of America's top executives made humbling debuts as teenagers in the workplace. They scrubbed toilets, cut tobacco, worked ... read more

 Japan Times3 days ago
New Tepco chief reaffirms Fukushima commitment, but underscored need for plant restarts

Dealing with the aftermath of nuclear disaster at Fukushima No.1 power plant remains the most important mission for Tokyo Electric Power Company Holdings Inc., Tomoaki ... read more

 Japan Times3 days ago
Fintech firm uses credit card data to fix holes in Japan’s consumption figures

Private consumption is 56 percent of Japan's GDP, so understanding where people are spending and what they're buying is essential to have a clear picture ... read more

 Japan Times3 days ago
World’s biggest wind turbine maker Vestas sets sights on Asia-Pacific, Middle East markets

The chief executive officer of Denmark's Vestas Wind Systems A/S says the world's biggest wind turbine maker wants to expand in the Middle East and ... read more

 Japan Times3 days ago
Tokyo stocks bounce back slightly in absence of incentives for active trading

Stocks turned slightly higher on the Tokyo Stock Exchange Friday, amid a lack of fresh incentives to stimulate trading. The benchmark Nikkei 225 average gained ... read more

 Japan Times3 days ago
Dollar firmer above ¥111 on higher U.S. Treasury yields

The dollar was modestly firmer above ¥111 in Tokyo trading on Friday, backed by a rise in long-term U.S. Treasury yields. At 5 p.m., the ... read more

 Japan Times3 days ago
Goldman Sachs economist urges crackdown on unpaid overtime to boost Japan’s productivity

Japan should crack down on excessive unpaid overtime in order to boost productivity, as the nation's irreversible labor shortage means companies must streamline to cope ... read more

 Japan Times3 days ago
Toshiba gets earnings report extension, faces delisting risk

Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of getting delisted. Tokyo-based Toshiba,... read more

 Asahi Simbun3 days ago
Rise of AI-assisted art in Japan raises challenges notions of proprietary rights

Artificial intelligence is finding its way into the world of music, literature and art, raising never-before-considered questions about a creators' role. A team led by ... read more

 Japan Times3 days ago
Toshiba asks regulators for extension on annual statement deadline to Aug. 10

Toshiba Corp. asked regulators Friday to extend a deadline for submitting its annual financial statement, currently the end of this month, until Aug. 10 as ... read more

 Japan Times3 days ago
Rise of AI-assisted art raises challenges notions of proprietary rights

Artificial intelligence is finding its way into the world of music, literature and art, raising never-before-considered questions about a creators' role. A team led by ... read more

 Japan Times3 days ago
U.S. bans fresh Brazil beef imports amid ‘recurring’ safety concerns

The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture said, after a high percentage of shipments failed to ... read more

 Japan Times3 days ago
Trump plugs ‘solar wall’ for Mexican border, says it would pay for itself by generating power

U.S. President Donald Trump said he's proposed building a "solar wall" on the Mexican border that would pay for itself by generating electricity. "We're thinking ... read more

 Japan Times3 days ago
Trump’s put-down of wind energy during coal mining plug whips up backlash in clean-energy Iowa

President Trump's put-down of wind energy at his Iowa rally was denounced Thursday across the state, which takes pride in its position as a national ... read more

 Japan Times3 days ago
Line Village messaging digital theme park opens in Bangkok

The text-messaging service Line plans to inaugurate an indoor digital theme park in Thailand's capital, seeking to squeeze maximum advantage from its popularity in the ... read more

 Japan Times3 days ago
Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp. 's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese... read more

 Asahi Simbun3 days ago
Chinese bicycle-sharing startup to expand into Japan this year

Chinese bicycle-sharing startup Mobike said Thursday it plans to launch its services in the city of Fukuoka within 2017. The company aims to expand into ... read more

 Japan Times4 days ago
Chinese bicycle-sharing startup Mobike expands into Japan

Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in southern Japan and plans to begin service later this year, it said on Thursday. (Reuters)... read more

 News on Japan4 days ago