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Giappone
Suntory to sell shareholding in hamburger chain First-Kitchen to Wendy’s
Suntory Holdings Ltd. will sell its shareholding in First-Kitchen Ltd., a wholly-owned subsidiary operating a hamburger chain, to Wendy’s Japan LLC, company officials said Monday. The major maker of beverages and food did not disclose the price of the sale. After selling First-Kitchen to rival hamburger chain Wendy’s, Suntory will ...
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Giappone
Tokyo stocks retreat on rise in yen
Stocks turned lower Monday on the Tokyo Stock Exchange, pressured by a resurgent uptick in the yen against the dollar. The 225-issue Nikkei average lost 81.75 points, or 0.49 percent, to end at 16,654.60. On Friday, the key market gauge climbed 89.69 points. The Topix index of all first-section issues ...
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Giappone
Pro-Abenomics LDP group urges Abe to proceed with tax hike
A group of lawmakers in the ruling Liberal Democratic Party is urging Prime Minister Shinzo Abe to go ahead with the second stage of the consumption tax hike in April 2017, and implement economic stimulus worth ¥15 trillion to ¥20 trillion by compiling a supplementary budget for fiscal 2016. The ...
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USA Giappone
Fuji Heavy to boost auto output capacity to 1.13 million units by March 2019
Fuji Heavy Industries Ltd. President Yasuyuki Yoshinaga says the company plans to expand its annual automobile production capacity at home and abroad by some 100,000 units to 1.13 million units by the end of March 2019. “Our automobile sales have been brisk in the United States, and the momentum is ...
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Giappone
Japan’s exports post seventh monthly decline on stronger yen
Exports fell for the seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth. Overseas shipments declined 10.1 percent in April from a year earlier, the Finance Ministry said Monday. The median estimate of economists surveyed by ...
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Giappone Panama
Japan, Panama reach deal on tax information exchanges
Japan and Panama have reached an in-principle agreement on concluding a bilateral treaty on tax information exchanges, the Finance Ministry said Monday. The agreement, reached in talks between the two countries, includes regular exchanges of information on financial accounts held by nonresidents to prevent tax avoidance, ministry officials said. Japan ...
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Giappone
Japan pays least since 2005 for LNG amid price slump
Japan, the world’s biggest buyer of LNG, paid the lowest price in about 11 years for the fuel last month amid a global oversupply. The average price of LNG shipments into the country was about $6.32 per million British thermal units in April, the least since August 2005, according to ...
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Giappone
Cabinet Office slightly revises economic index numbers
The composite index of coincident economic indicators rose 0.4 points in March from the previous month, the Cabinet Office said in a revised report Monday. Previously, the government agency said the coincident index, which reflects current economic conditions, gained 0.5 points. The index now stands at 111.1 against 100 for ...
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Giappone
G-7 finance meeting reveals sharper gap on currency tactics
Two days of talks last week between finance chiefs from the world’s biggest advanced economies at a hot springs resort in Sendai were marked by some of the sharpest dissonance in years between the U.S. and Japan over exchange-rate policies. The tensions at the gathering of Group of Seven central ...
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Giappone
Asahi eyes U.S. beer expansion with ¥400 billion war chest
Asahi Group Holdings Ltd., the brewer that’s buying European brands from Anheuser-Busch InBev NV worth $2.9 billion, is now pursuing deals in the U.S. that would help boost distribution of its Super Dry beer in the world’s largest economy. Tokyo-based Asahi is willing to spend ¥400 billion ($3.7 billion) starting ...