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Japan Headlines


Yen posts biggest weekly gain since 2008, stocks slip

NEW YORK The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed.


Dollar set to post worst week vs yen since 2008

NEW YORK The U.S. dollar was on track for its biggest weekly percentage decline against the yen since the 2008 financial crisis in the aftermath of the Bank of Japan's decision not to ease policy further, while strong euro zone growth data boosted the euro.


How France sank Japan's $40 billion Australian submarine dream

TOKYO/PARIS/SYDNEY In 2014, a blossoming friendship between Australian Prime Minister Tony Abbott and his Japanese counterpart Shinzo Abe looked to have all but sewn up a $40 billion submarine deal. Then French naval contractor DCNS hatched a bold and seemingly hopeless plan to gatecrash the party.


Japan's corpse hotels upset some of the neighbors

TOKYO Tucked away in a quiet residential street in Kawasaki city in Japan is a refurbished workshop with a plain silver exterior and black draped windows that residents describe as creepy.


Sharp to buy back 159 million pounds in preferred shares

TOKYO Japan's Sharp Corp , taken over by Taiwan's Foxconn earlier this month, said it would buy back 25 billion yen (159 million pounds) in preferred shares that it issued to a corporate turnaround fund last year in exchange for a bailout.


As Japan's electricity reform kicks off, Germany serves as warning

TOKYO/FRANKFURT Four weeks into Japan's power market shakeup aimed at boosting choice and energy security, the utility at the center of the 2011 nuclear crisis has borne the brunt of consumer defections, with nearly 470,000 users switching electricity providers.

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