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Idemitsu Kosan's founding family opposes Showa Shell takeover

TOKYO The founding family of Idemitsu Kosan Co is opposed to the Japanese refiner's planned takeover of smaller rival Showa Shell Sekiyu , Idemitsu said on Tuesday, but added that both firms would continue with plans to merge next April.

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Japan should not give up right to intervene if yen rises sharply

TOKYO Japan should not give up the right to intervene in currency markets if the yen sharply rises as it will threaten the nation's economy, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday, after Britain's vote to exit the European Union caused market turmoil.

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