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The suspense over Sharp's rescue takes a new twist as Taiwan's Hon Hai slams the brakes on the deal over a late disclosure from its target. The post In a surprise, Sharp accepts rescue deal but Hon Hai does not appeared first on The Japan Times.

Sharp’s choice of Hon Hai ends months of speculation and offers clear benefits in terms of a cash injection. But question marks hang over what will happen to Sharp’s workforce and management as the Taiwanese giant sets about turning around the firm. The cash infusion will be massive, and analysts ...

The Cabinet Office believes the economy is recovering moderately despite some weakness, according to its monthly report for February released on Thursday. The report warned, however, of risks from uncertainty overseas. The Cabinet Office downgraded its assessment of the world economy for the first time since last August due in ...

The dollar shed most of its early gains and moved around ¥112.20 in Tokyo trading late Thursday, due to selling triggered by a drop in Chinese stock prices. At 5 p.m., the dollar stood at ¥112.16-17, up slightly from ¥112.10-11 at the same time Wednesday. The euro was at $1.1022-1023, ...

BlackRock Inc.’s Jason Miller has fielded more calls from Japanese investors in the past few weeks than ever in recent memory. Among the main concern for clients: How can they safeguard returns in a new era of below-zero rates? Miller, who heads BlackRock’s exchange-traded fund unit in Japan, is not ...

The perpetrators of the 2014 cyberattack on Sony Pictures Entertainment were not activists or disgruntled employees, and likely had attacked other targets in China, India, Japan and Taiwan, according to a coalition of security companies that jointly investigated the Sony case for more than a year. The coalition, organized by ...

The aging Sanyo Shinkansen Line will undergo major renovations from 2028, the line’s operator said Wednesday. The work on bridges, tunnels and embankments will take a decade. West Japan Railway Co., known as JR West, estimates the total cost at ¥155.7 billion, part of which will be financed through reserves ...

Financially struggling Japan Logitec Cooperative Association is likely cease electricity retail operations at the end of March, informed sources said Wednesday. The Tokyo-based power retailer has asked Tokyo Electric Power Co. to cancel a contract to use Tepco’s power grid, chiefly due to its deteriorating financial health, the sources said. ...

The world’s biggest economies urgently need new ways to support demand and contain risks as the outlook for global growth deteriorates, International Monetary Fund staff members say. Group of 20 policymakers “must act now to implement forcefully” existing growth strategies while also planning for unified support for demand through fiscal ...

The Nikkei average retook 16,000 on Thursday after U.S. equities rose overnight and the yen weakened. The Nikkei gained 224.55 points, or 1.41 percent, to end at 16,140.34. On Wednesday, it retreated 136.26 points. The Topix finished up 23.01 points, or 1.79 percent, at 1,307.54, after losing 6.64 points the ...