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The dollar fell below ¥120 in Tokyo trading on Wednesday, with the yen attracting buying interest as a safe-haven currency amid a resurgence of risk aversion among investors due to falling oil and stock prices. At 5 p.m., the dollar stood at ¥119.97-97, down from ¥120.62-63 at the same time ...

The California-based financial unit of Toyota Motor Corp. has agreed to pay up to $21.9 million in compensation over alleged discrimination against some ethnic groups taking out auto loans through car dealerships, the U.S. Justice Department said Tuesday. In July, the department leveled a similar allegation against Honda Motor Co. ...

The Bank of Japan will look into a media report that said the BOJ board was discussing a negative interest rate policy just minutes before it surprised observers with the announcement. “We’ll start by examining the situation carefully, including the possibility that it was just based on speculation,” said Tadaaki ...

Bank of Japan Gov. Haruhiko Kuroda calls a negative interest rate a “powerful weapon” for monetary easing, says it may be cut again if needed. The post Kuroda ready to cut rates further if needed appeared first on The Japan Times.

When the giants of sumo wrestling prepared to step into the ring for last month’s grand tournament in Tokyo, Akiyoshi Takumori fired up his spreadsheet. For Takumori, an economist at one of Japan’s biggest asset managers, the ancient sport is more than entertainment: It is an eye into how successful ...

Nintendo Co. President Tatsumi Kimishima tried to assure investors the company’s March mobile gaming debut is worth waiting for, even as a 36 percent plunge in quarterly profit highlighted a downward spiral in sales of Wii U and 3DS players. Nintendo said it will release its Miitomo game for mobile ...

Embattled air bag maker Takata Corp. lacks processes that would improve the quality of its products, including air bag inflators that have been blamed for at least 11 deaths and 139 injuries, an outside panel hired by the company has found. The panel, chaired by former U.S. Transportation Secretary Samuel ...

Takeda Pharmaceutical Co., Asia’s largest drugmaker, has assembled an internal team to look into how it might contribute to vaccine efforts to combat the Zika virus, the mosquito-borne pathogen that is currently spreading through the Americas. The company has been in contact with several global health organizations, Rajeev Venkayya, president ...

The Bank of Japan’s decision to set negative interest rates has doomed the government’s program to sell bonds to retail investors. The Ministry of Finance said it is canceling the planned sale of 10-year fixed-rate notes from Feb. 5 aimed at individual investors. The government already halted sales of two-year ...

The average number of people who will use Kansai International Airport during the Lunar New Year holiday season is expected to be about 54,900 a day, more than 53,520, the record high reported last summer, its operator said Monday. Retailers in the Kansai region are taking moves to step up ...