Items in category "Archives of Japan Business News" - Page 1 of 2

TOKYO (AP) — Japan's Sony and South Korean rival Samsung are dissolving their joint venture in liquid crystal display panels as Sony tries to stanch years of losses in its TV business. Samsung Electronics Co. will buy all of Sony's shares in the join...

TOKYO (AP) — The Japanese utility behind the nuclear plant hobbled by the March tsunami said Thursday that electricity bills must go up to cover costs of switching to other forms of power. Tokyo Electric Power Co., or TEPCO, must compensate those eva...

TOKYO (AP) — Japanese prosecutors raided the headquarters of Olympus Corp. on Wednesday as part of an investigation into the cover-up of massive losses at the camera and medical equipment maker. Japanese prosecutors confirmed the raid, which was also...

HONG KONG (AP) — Asian stocks bounced back Tuesday as fears receded of political turmoil in the region following news of North Korean leader Kim Jong Il's death the day before. Investors appeared relieved that Kim's death from a heart attack had not...

TOKYO (AP) — A utility spokesman says the former chief of Japan's crippled Fukushima Dai-ichi nuclear plant has cancer but doctors do not believe it is related to radioactive exposure. Masao Yoshida, who led the onsite effort to stabilize the plant a...

TOKYO (AP) — Japan Airlines Co. on Thursday announced routes for the Boeing 787 planes it expects to start receiving next year. The company said it will use the new aircraft for several international destinations it currently serves with "medium-size...

TOKYO (AP) — Economy Minister Yukio Edano defended Japan's corporate governance practices Friday amid an ongoing accounting scandal at Olympus Corp. that has tainted the country's image. Looking at past cases related to corporate governance, Japan's...

TOKYO (AP) — Michael Woodford, who was fired as chief executive of Japanese camera and medical equipment company Olympus after blowing the whistle on dubious spending, said Thursday that he is resigning from the board. Woodford said the decision was...

TOKYO (AP) — As vice president of Shiseido, Kimie Iwata helps lead one of the biggest cosmetics companies in the world and among Japan's best known brands. She is also a rare female executive in the country, a powerful symbol of both the progress and...

TOKYO (AP) — The Tokyo Stock Exchange is making a $1.1 billion offer for its Osaka rival under a plan to join the two markets by January 2013 as global competition between bourse operators intensifies. The Tokyo Stock Exchange Group Inc. said Tuesday...

TOKYO (AP) — Olympus Corp. said Thursday it is postponing an earnings announcement set for next week amid an accounting scandal that has wiped out about four-fifths of its stock price and tarnished Japan's corporate image. The Japanese camera and med...

TOKYO (AP) — Toyota Motor Corp. said Wednesday it is recalling about 550,000 vehicles worldwide — mostly in the United States — for problems that could make it harder to steer. The recall affects 447,000 vehicles in North America, as well as 38,000 i...

WAKO, Japan (AP) — Honda's human-shaped robot can now run faster, balance itself on uneven surfaces, hop on one foot and pour a drink. Some of its technology may even be used to help out with clean-up operations at the stricken Fukushima nuclear plan...

TOKYO (AP) — Olympus Corp. admitted Tuesday that it used a series of acquisitions to hide massive losses, reversing earlier denials of any wrongdoing as one of the largest accounting frauds in Japanese history rocks the nation's corporate image. Toky...

TOKYO (AP) — Surrounded by dozens of cardboard boxes packed with 4 million petition signatures, the presidents of major Japanese automakers demanded Monday the end of what they called exorbitant taxes on cars that threaten to hollow out manufacturing...

TOKYO (AP) — Toyota's fiscal second quarter results, expected Tuesday, are almost certain to be dismal, given massive supplier disruptions from the March earthquake. The Japanese automaker is confident about making up for lost production in coming mo...

TOKYO (AP) — Mazda will stop making cars with its signature rotary engines after a 45-year production run that included powering the first and only Japanese car to win the 24-hour Le Mans endurance race. Poor sales and the high costs of meeting moder...

TOKYO (AP) — Rakuten is not just the top shopping website in Japan. These days, the company is doing some serious shopping of its own as it turns the strong yen — usually seen as a huge negative for Japanese companies — into a plus. The online shoppi...

TOKYO (AP) — A key central bank survey offered a cautiously optimistic assessment of corporate Japan, where business confidence is improving even as the global economy's prospects darken. In the Bank of Japan's quarterly "tankan" survey of business s...

TOKYO (AP) — Suzuki Motor Corp. said Monday it will abort its alliance with Volkswagen AG following a nearly two-year marriage that never worked. Even at what appeared to be the end of the union, the two companies seemed unable to agree as Volkswagen...

Moody's Investors Service downgraded Japan's credit rating, citing the country's weak growth prospects, massive government debt and constant political turmoil. Moody's cut Japan's government bond rating to Aa3 from Aa2. The new rating is three notche...

Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami. Exports fell 3.3 percent from a year earlier to ¥5.78 trillion ($75.6 billion), the govern...

Asahi Group Holdings Ltd. said Thursday it has agreed to buy major New Zealand beverage maker Independent Liquor Ltd. as part of its drive for global growth. The Japanese brewer's Australian subsidiary will pay NZ$1.53 billion ($1.28 billion) for Ind...

Japan Airlines Co., The Qantas Group of Australia and Mitsubishi Corp. say they will launch a budget carrier in Japan. Jetstar Japan plans to start operations by the end of 2012 and will serve domestic routes at first. It ultimately aims to expand to...