Japan Headlines

Japan readies fuel cell subsidies in bet on Toyota’s next big thing

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TOKYO - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.

1:19pm BST

Japan readies fuel cell subsidies in bet on Toyota’s next big thing

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TOKYO - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million (234 million pounds) over the next several years if the most bullish projections for the technology play out.

Business, Japan 1:12pm BST

Japan to cut discretionary spending 10 percent in next FY budget: draft

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TOKYO - Japan will cut discretionary spending such as public works by 10 percent in next fiscal year's budget, a draft document showed, as Prime Minister Shinzo Abe's government seeks to cut the government's enormous deficit even as it promotes growth.

11:39am BST

Japan's Itochu, Sumitomo put Australia coal stake up for sale

MELBOURNE, July 23 - Japan's Itochu Corp and Sumitomo Corp want to sell their stakes in two Australian coal mines and a coal terminal they co-own with Glencore PLC, two people familiar with the matter said on Wednesday.

M&A, Japan 10:07am BST

BOJ Deputy Gov Nakaso says "conquest of deflation" in sight

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SHIZUOKA Japan - Bank of Japan Deputy Governor Hiroshi Nakaso said the country was eyeing an end to deflation as rising wages and inflation expectations allow companies to increase prices of their goods, signalling confidence over a sustained economic recovery.

Business, Japan 7:28am BST

BOJ Deputy Governor Nakaso says 'conquest of deflation' in sight

SHIZUOKA Japan - Bank of Japan Deputy Governor Hiroshi Nakaso said the country was eyeing an end to deflation as rising wages and inflation expectations allow companies to increase prices of their goods, signalling confidence over a sustained economic recovery.

7:23am BST

BOJ Deputy Governor Nakaso says impact of sales tax hike subsiding

SHIZUOKA Japan - Bank of Japan Deputy Governor Hiroshi Nakaso said on Wednesday that the economy is continuing to recover moderately as a trend with the pain on household spending from a sales tax hike in April easing.

6:25am BST

BOJ Deputy Gov Nakaso says end of deflation in sight

SHIZUOKA, Japan, July 23 - Bank of Japan Deputy Governor Hiroshi Nakaso said on Wednesday the country was eyeing an end to deflation, but warned of the need to pay due heed to the slow pace of recovery in exports.

2:52am BST

Tue, Jul 22 2014

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

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SHANGHAI - The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan. | Video

22 Jul 2014

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

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SHANGHAI - The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan. | Video

Business, Japan 22 Jul 2014
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UK banks have much to fear from latest probe

Britain’s top antitrust watchdog has warned lenders to expect a full-blown competition investigation. Forced divestments would be a surprising outcome. But given the persistence of concern in spite of past probes, investors should brace for radical, profit-sapping remedies.