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Mitsubishi Aircraft Corp. on Wednesday resumed test flights for the Mitsubishi Regional Jet, the first Japanese-developed small passenger jet, after a halt of 2½ months. The MRJ took off from Nagoya Airport in the town of Toyoyama, Aichi Prefecture, at around 9:40 a.m. and returned to the airport at around ...

Nissan Motor Co. said Wednesday it logged a record-high group net profit of ¥452.84 billion for the April to December period as strong sales in North America and Western Europe more than offset weakness in emerging markets and at home. The figure marked a 33.7 percent rise from a year ...

The dollar was easier below ¥115 in Tokyo trading on Wednesday, as investors remained risk-averse due to continued falls in stock and crude oil prices. At 5 p.m., the dollar stood at ¥114.88-89, down from ¥115.29-30 at the same time Tuesday. The euro was at $1.1279-1280, up from $1.1182-1182, and ...

Tokyo undergoes a second day of diving stocks as the yen strengthens amid an investor rush to safe-haven assets. The post Stocks plunge for second day on soaring yen appeared first on The Japan Times.

SoftBank Group Corp., which is struggling to turn around its U.S. wireless carrier Sprint Corp., posted an 88 percent drop in third quarter profit. Net income fell to ¥2.3 billion ($20 million) in the three months ended Dec. 31, from ¥18.7 billion a year earlier, the company reported Wednesday. Sprint ...

The nation’s cheapest stocks are proving anything but bargains. Unlike in the U.S., where high-valuation shares are being punished, in Tokyo it’s companies trading at less than the value of their net assets that are falling the fastest. Investors are dumping banks, insurers, shippers and steel producers as a global ...

The Nikkei average hit a 15-month closing low below 16,000 on Wednesday, hit by a dismal market outlook and worries about the global economy. The Nikkei ended down 372.05 points, or 2.31 percent, at 15,713.39, its lowest finish since Oct. 30, 2014. On Tuesday, it plummeted 918.86 points, the steepest ...

Hail a certain cab in Saga Prefecture and you’ll be offered freshly brewed coffee from a machine in the vehicle. Drink as much as you like: It’s free. The service began operating last month and is drawing acclaim from passengers. The nine-seat “Barista Taxi” has a coffee machine beside the ...

Fujitsu Ltd. on Wednesday announced the recall of around 20,000 battery packs used in its Lifebook laptop computers as they could catch fire, although it has received no reports of this having happened. Fujitsu recalled around 70,000 battery packs used in Lifebooks in August last year for the same reason. ...

U.S. beef exports to Japan in 2015 fell from the previous year, the first time in 11 years, losing market share to Australian beef. Beef exports from the United States dropped 19 percent to nearly $1.3 billion, according to the U.S. Meat Export Federation. The last such decline in beef ...