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Toshiba Reports Quarterly Profit On Sale of Home Appliances Arm
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JAPAN TODAY
TOKYO — Toshiba said Friday it swung to a profit in the April-June quarter, thanks to cost cuts and the sale of its home appliance business.
The vast conglomerate, which is trying to turn the page on an embarrassing accounting scandal, said it booked a net profit of 79.8 billion yen...
TOKYO — Toshiba said Friday it swung to a profit in the April-June quarter, thanks to cost cuts and the sale of its home appliance business.
The vast conglomerate, which is trying to turn the page on an embarrassing accounting scandal, said it booked a net profit of 79.8 billion yen...
- August 13, 2016
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World Bank Suffering 'Leadership Crisis,' Staff Say
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JAPAN TODAY
WASHINGTON — Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a “crisis of leadership” and risked irrelevance on the world stage.
The rebuke, made in an open letter from the Bank’s staff association, came as inform...
WASHINGTON — Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a “crisis of leadership” and risked irrelevance on the world stage.
The rebuke, made in an open letter from the Bank’s staff association, came as inform...
- August 11, 2016
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Idemitsu Founding Family Buys Showa Shell Shares to Block Merger
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THE JAPAN NEWS
TOKYO (Jiji Press) — A member of the founding family of major oil wholesaler Idemitsu Kosan Co. has bought shares in industry peer Showa Shell Sekiyu K.K. in an attempt to block the two firms’ planned merger.
Shosuke Idemitsu, honorary chairman of Idemitsu Kosan, purchased about ...
TOKYO (Jiji Press) — A member of the founding family of major oil wholesaler Idemitsu Kosan Co. has bought shares in industry peer Showa Shell Sekiyu K.K. in an attempt to block the two firms’ planned merger.
Shosuke Idemitsu, honorary chairman of Idemitsu Kosan, purchased about ...
- August 8, 2016
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Trial Starts For Short-distance Taxi Trips
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THE JAPAN NEWS
TOKYO (Jiji Press)— Japan’s transport ministry started a demonstration trial for short-distance taxi trips in Tokyo on Friday, looking to gauge demand for rides at a reduced minimum fare.
In the trial, the starting fare is set at ¥410 for about one kilometer, down from the curren...
TOKYO (Jiji Press)— Japan’s transport ministry started a demonstration trial for short-distance taxi trips in Tokyo on Friday, looking to gauge demand for rides at a reduced minimum fare.
In the trial, the starting fare is set at ¥410 for about one kilometer, down from the curren...
- August 8, 2016
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Toyota's Q1 Profit Dented by Yen Rally, North American Sales Drop
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JAPAN TODAY
TOKYO — Toyota on Thursday posted a nearly 15 percent drop in its April-June net profit, hit by a sharp rally in the yen and falling North American vehicle sales.
The world’s biggest automaker also trimmed its full-year profit and sales forecasts, underscoring the negative impact th...
TOKYO — Toyota on Thursday posted a nearly 15 percent drop in its April-June net profit, hit by a sharp rally in the yen and falling North American vehicle sales.
The world’s biggest automaker also trimmed its full-year profit and sales forecasts, underscoring the negative impact th...
- August 5, 2016
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Helicopter Money Talk Takes Flight as BOJ Runs Out of Room
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THE JAPAN NEWS
TOKYO (Reuters) — The Bank of Japan’s review of its monetary stimulus program promised for September has revived expectations it could adopt some form of “helicopter money,” printing money for government spending to spur inflation.
The BOJ disappointed market hopes on Friday that...
TOKYO (Reuters) — The Bank of Japan’s review of its monetary stimulus program promised for September has revived expectations it could adopt some form of “helicopter money,” printing money for government spending to spur inflation.
The BOJ disappointed market hopes on Friday that...
- August 2, 2016
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JAL's Three-month Profit More Than Halves
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JAPAN TODAY
TOKYO — Japan Airlines said Friday its three-month net profit more than halved as savings from a decline in fuel costs could not make up for weak travel demand at home and abroad.
Falling oil prices have helped the carrier’s bottom line—fuel is often an airline’s single-biggest expe...
TOKYO — Japan Airlines said Friday its three-month net profit more than halved as savings from a decline in fuel costs could not make up for weak travel demand at home and abroad.
Falling oil prices have helped the carrier’s bottom line—fuel is often an airline’s single-biggest expe...
- August 1, 2016
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Canon Slashes Profit Forecast Due to Strong Yen
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JAPAN TODAY
TOKYO — Canon chopped its annual profit forecast Tuesday as the camera and copier maker warned that a sharp rise in the yen was taking a bite out of its bottom line.
The company said it now expected weaker sales and a net profit of 180 billion yen ($1.7 billion) this year, down 10 p...
TOKYO — Canon chopped its annual profit forecast Tuesday as the camera and copier maker warned that a sharp rise in the yen was taking a bite out of its bottom line.
The company said it now expected weaker sales and a net profit of 180 billion yen ($1.7 billion) this year, down 10 p...
- July 29, 2016
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Abe Unveils Y28 Tril Economic Stimulus Package
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JAPAN TODAY
TOKYO — Japan launched an economic stimulus package worth more than 28 trillion yen ($266 billion) on Wednesday, days before the central bank is expected to unveil its own growth-boosting measures.
Prime Minister Shinzo Abe announced the program in a speech in Fukuoka, giving few de...
TOKYO — Japan launched an economic stimulus package worth more than 28 trillion yen ($266 billion) on Wednesday, days before the central bank is expected to unveil its own growth-boosting measures.
Prime Minister Shinzo Abe announced the program in a speech in Fukuoka, giving few de...
- July 28, 2016
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Nintendo Shares Plunge 16% On Pokemon Go Warning
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JAPAN TODAY
TOKYO — Nintendo shares dived Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits for the Japanese video game giant.
The stock plunged about 16% to 23,720 yen in early trading after it more than doubled in a huge rally followin...
TOKYO — Nintendo shares dived Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits for the Japanese video game giant.
The stock plunged about 16% to 23,720 yen in early trading after it more than doubled in a huge rally followin...
- July 26, 2016
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