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Despite their earlier opposition, top executives in the Liberal Democratic Party effectively endorse Abe's plan to shelve the planned second-stage hike of the unpopular consumption tax. The post LDP grandees fall into line on postponing second-stage tax hike appeared first on The Japan Times.

The dollar hit a one-month high above ¥111 in Tokyo on Monday, lifted by expectations for an early interest rate increase by the U.S. Federal Reserve. At 5 p.m., it stood at ¥111.36-36, up from ¥109.77-77 at the same time Friday. The euro was at $1.1122-1123, down from $1.1175-1176, and ...

Quakes, scandal hit automakers Automakers had a tough month in April, data showed Monday, as earthquakes in Kyushu disrupted output and a scandal involving fuel efficiency figures had knock-on effects. At Toyota Motor Corp., domestic output dropped 18.8 percent in April from a year earlier to 200,675 vehicles, as the ...

Mitsui & Co. has been chosen to deliver Colombia’s first cargo of liquefied natural gas later this year as the country prepares to place a floating import terminal into service, according to the terminal’s developer. Mitsui will send the cargo to the gas storage complex that Sociedad Portuaria El Cayao ...

Japanese steel makers are monitoring developments after leaders of the Group of Seven nations addressed the problems of overcapacity in a communique. A senior official of a Japanese steel maker welcomed the document, adopted at the two-day G-7 Ise-Shima summit last week, saying it contained “more in-depth comments than expected” ...

Stocks gained ground in Tokyo on Monday, with the Nikkei average extending its winning streak to a fourth session, thanks mainly to the yen’s decline against the dollar. The Nikkei advanced 233.18 points, or 1.39 percent, to end at 17,068.02, the day’s high and the highest finish since April 27. ...

The nation’s retail sales growth stalled, underscoring weakness in private consumption and increasing the likelihood that Prime Minister Shinzo Abe will delay a sales-tax increase planned for next year. Sales were unchanged in April from the previous month, a government report showed Monday. The median forecast of economists surveyed by ...

Mizuho Financial Group Inc. is counting on fee businesses to make up for lower returns from lending and bond investments in the wake of the Bank of Japan’s decision to adopt a negative interest-rate policy. “Noninterest income will grow significantly as we move into new businesses” in the negative-rate environment, ...

AirAsia Bhd., the region’s biggest discount carrier, received an offer valued at about $1 billion to buy its aircraft-leasing company amid a surge in business in the continent. The company’s share prices rose to the highest level in more than a year. The airline intends to divest the business at ...

Toyota Motor Corp. is in talks to buy Boston Dynamics, a robotics unit of Google Inc., news website Tech Insider has reported. Terms for the deal are not known, but Tech Insider quoted a source familiar with the matter as saying that the ink “is nearly dry.” Boston Dynamics was ...