Japan Headlines

Taiwan, Norway seek to join China-backed AIIB, Japan still cautious


TOKYO/TAIPEI - Japan remains cautious about signing up to the China-led Asian Infrastructure Investment Bank (AIIB), indicating that Tokyo will miss the March 31 deadline for application, but both Taiwan and Norway said they would seek to join the institution.

Citi to sell Japan credit card unit to Sumitomo Mitsui Trust Bank


TOKYO - Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability.

Deals, Japan 5:23am EDT

Kion, Mitsubishi in talks to buy UniCarriers

FRANKFURT - Germany's Kion and Mitsubishi Heavy Industries are in talks to buy Japanese forklift truck maker UniCarriers [INCJPG.UL] for up to 100 billion yen ($833 million), a source familiar with the matter said, confirming a Nikkei report.

Deals, Japan 4:36am EDT

Japan and U.S. look to extend naval missions after law change


TOKYO - Japanese Prime Minister Shinzo Abe's push to allow Tokyo to come to the aid of an ally under attack will pave the way for closer cooperation between U.S. and Japanese forces across Asia, a top U.S. commander said on Tuesday.

World, Japan 4:20am EDT

In Japan first, Tokyo district recognizes same-sex partnerships


TOKYO - A district assembly in Tokyo became the first in Japan on Tuesday to recognize same-sex partnerships, a major step forward for gay couples in a country where being openly gay remains taboo.

3:51am EDT

Elliott Management ups Axis stake, complicating Canon bid

STOCKHOLM/TOKYO - Hedge fund Elliott Management has raised its stake in surveillance camera maker Axis AB , a disclosure notice showed, possibly putting pressure on Japan's Canon Inc to sweeten its 23.6 billion crown ($2.75 billion) takeover bid.

Deals, Japan 3:23am EDT

Mon, Mar 30 2015

Japan extends sanctions on North Korea by two years


TOKYO - Japan has decided to extend sanctions on North Korea in response to Pyongyang's delay in reporting on its investigation into the abductions of Japanese citizens decades ago, the top government spokesman said on Tuesday.

World, Japan 30 Mar 2015

China, Japan, South Korea halt Thai air route expansion on safety concerns

BANGKOK - China has joined South Korea and Japan in stopping Thailand-based airlines from flying charters and new routes because of safety concerns highlighted by an international audit, Thai officials said on Monday.

Hedge fund Elliot Management raises stake in Axis to 10 percent

STOCKHOLM - Hedge fund Elliott Management has raised its stake in surveillance camera maker Axis AB , a disclosure notice showed on Monday, further pressuring Japan's Canon Inc to sweeten its bid for it.

Deals, Japan 30 Mar 2015

Japan's Fujifilm agrees to buy Cellular Dynamics for $307 million

TOKYO - Japan's Fujifilm Holdings Corp said on Monday it has agreed to acquire U.S. biotechnology firm Cellular Dynamics International Inc (CDI) for $307 million.

Deals, Japan 30 Mar 2015

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.