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Right off the bat, Michael Burtov said he and his team at technology startup GeoOrbital did not re-invent the wheel. But, in a sense, they did. After two years and five prototypes, the Cambridge, Massachusetts-based startup has developed a new type of electric bicycle wheel that steered the company into ...

Komatsu Ltd. said that it has agreed to acquire U.S. mining machinery maker Joy Global Inc. for $2.9 billion. Joy Global, based in Milwaukee, Wisconsin, has production bases in the United States, China, Australia and elsewhere. Annual sales totaled $3.2 billion in the year that ended in October 2015. Komatsu ...

At Yamakura Dam, 45 km southeast of Tokyo, construction workers are screwing together a 51,000-piece jigsaw puzzle of floating solar panels. When completed, it will be one of the world’s largest floating solar projects. Roughly 30 percent of the work on the project in Chiba Prefecture is complete, and when ...

The government is likely to project a deteriorating primary balance deficit in fiscal 2018 after delaying the second stage of a consumption tax hike, government sources said Friday. The hike, earlier planned for April, will now take place in October 2019. Cabinet Office projections due to be released next week ...

New official estimates say GDP grew by more than 7% with non-oil economy boosting performance

Japan intensified its shinkansen sales pitch in Singapore on Friday, hoping to acquire an edge in its bid for the Malaysia-Singapore high speed rail project. Land, Infrastructure, Transport and Tourism Minister Keiichi Ishii discussed the bullet train system at a meeting with Singapore Senior Minister of State for Transport Josephine ...

The dollar fell back to levels a tad above ¥106 in Tokyo trading on Friday, after Bank of Japan Governor Haruhiko Kuroda reiterated that the BOJ will not use “helicopter money” as a monetary stimulus. At 5 p.m., the dollar stood at ¥106.10-10, down from ¥106.82-83 at the same time ...

Few doubt Prime Minister Shinzo Abe’s decision to invest public funds in a $90 billion high-tech maglev railway makes political sense. Whether it makes equally good economic sense is less clear. Proponents say lending government money to Central Japan Railway Co. (JR Tokai) to speed up the launch of a ...

Japan’s consumer prices were expected to fall in June for the fourth straight month, a Reuters poll found, keeping alive market expectations the central bank will expand an already massive stimulus program to hit its 2 percent price goal. Separate data next week is also expected to show exports slumped ...

The world’s last videocassette recorder is set to roll off the factory line as a Japanese manufacturer ends production of the once booming home-theater technology. Funai Electric, which says it is the world’s last VCR manufacturer, pointed to a sharp decline in demand and trouble sourcing parts for its decision ...