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The rupee strengthened by 38 paise to 66.84 against the dollar at the Interbank Foreign Exchange in early trade on Thursday on increased selling of the US currency by exporters and banks amidst higher opening in the domestic equity market.

Canon Inc. agreed to buy Toshiba Corp.’s medical equipment unit for ¥665.5 billion ($5.9 billion) as the world’s biggest maker of cameras seeks new growth. The deal will be funded by existing cash and borrowed funds, Tokyo-based Canon said in a statement Thursday. The agreement comes a day after unsuccessful ...

Toshiba Corp. said Thursday it will spend around ¥360 billion ($3.2 billion) over the next three years through fiscal 2018 building and outfitting a facility to produce next-generation NAND-type flash memory. The scandal-hit manufacturing giant is expected to discuss the possibility of obtaining additional investment from U.S.-based SanDisk Corp., the ...

The surplus was due to a stronger yen and weak oil prices, though both imports and exports fell, suggesting persistently slack demand both here and overseas. The post February trade surplus biggest in four years appeared first on The Japan Times.

Toshiba Corp. is under investigation by the United States over allegations that it hid $1.3 billion (¥146 billion) in losses at its nuclear power operations, according to two people familiar with the matter. The firm’s shares plunged in Tokyo. The Justice Department and the Securities and Exchange Commission are looking ...

Japan’s top air conditioner maker hopes a giant billboard of its mascot, Pichon-kun, will take the city of Osaka by storm this spring. The 13-meter-tall, 11-meter-wide full-color LED display, set up by Daikin Industries Ltd. on the rooftop of a building in the Umeda district on Wednesday, will show the ...

Hitachi Ltd. has opened a train manufacturing plant in Miami, its first in the United States, to build Metrorail vehicles for the area. Hitachi Rail USA will build 136 cars at the factory to replace Miami-Dade County’s Metrorail fleet beginning this month, the Tokyo-based company said in a statement Thursday. ...

After weathering a management crisis with state assistance, Tokyo Electric Power Co. faces the daunting challenge of paying for the lion’s share of an estimated ¥10 trillion in costs associated with the nuclear disaster that started in March 2011. Five years after the nation’s worst atomic crisis erupted, the nationalized ...

Stocks fell for the third consecutive session on the Tokyo Stock Exchange on Thursday, due chiefly to selling of large-cap export-oriented names, reflecting the yen’s appreciation. The Nikkei average lost 38.07 points, or 0.22 percent, to end at 16,936.38. On Wednesday, it fell 142.62 points. The Topix index sagged 1.53 ...

New vehicle sales in fiscal 2016 are expected to rise 6.5 percent more than estimated for the current year to 5.26 million units for the first rebound in three years, an industry body said Thursday. The rebound, however, is being projected on a surge in demand before the second stage ...