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Toyota Motor Corp. said Wednesday it and its subsidiaries, minicar maker Daihatsu Motor Co. and truck maker Hino Motors Ltd., are targeting global sales of 10.11 million vehicles in 2016, little changed from the 10.10 million forecast for this year. The group expects sales in emerging markets to decline next ...

Tax reform policies for fiscal 2016 are formally adopted, including rules on food items exempt from the consumption tax hike in 2017. The post Ruling bloc adopts sales tax reform policies; delays discussion on financing revenue shortfall appeared first on The Japan Times.

The most expensive meat in the world is getting a little cheaper to produce. Japanese farmers who raise wagyu cattle for 200-gram steaks that can fetch more than ¥30,000 at the poshest restaurants have been struggling to stay in business as their expenses rise faster than income. The young calves ...

The dollar rose to near ¥122 in Tokyo trading on Wednesday, led by higher stock prices in Japan and abroad. At 5 p.m., the dollar was at ¥121.92-92, up from ¥120.61-61 at the same time Tuesday. The euro was at $1.0939-0940, down from $1.1052-1053, and at ¥133.38-40, up from ¥133.30-31. ...

Japan Airlines will suspend flights between Paris and Narita International Airport next month after business slumped in the wake of the deadly Nov. 13 attacks in the French capital. JAL currently operates one round trip a day between Paris and Narita. Many group tours using the JAL route were canceled ...

A government advisory panel on Wednesday urged mobile phone carriers to offer cheaper price plans for users who do not surf the Web much, and to bring monthly fees to less than ¥5,000. Critics say the price plans of three major carriers are aimed at frequent Web surfers and are ...

Fresh from beating China in a $15 billion rail contract in India, Japan now aims to sell its bullet trains to a high-speed line being planned between Singapore and the Malaysian capital. The project would open a new market for companies from Hitachi Ltd. to Mitsubishi Heavy Industries Ltd. The ...

Stocks staged a sharp rebound on the Tokyo Stock Exchange Wednesday, backed by buybacks after their recent tumble. The 225-issue Nikkei average climbed 484.01 points, or 2.61 percent, to end at 19,049.91. On Tuesday, the key market gauge plunged 317.52 points. The Topix index of all first-section issues grew 38.17 ...

Yahoo Japan Corp. has agreed to acquire Ikyu Corp. for as much as ¥100.2 billion, using its biggest-ever deal to bolster its online travel business. The ¥3,433-a-share offer is 42 percent more than Tuesday’s closing price, Yahoo Japan said in a statement. A tender offer for Ikyu shares will be ...

Ruler says the kingdom will help meet Egypt's petroleum needs for the next five years