Tokyo

With Ghosn gone, Nissan, Renault, Mitsubishi form new board

YOKOHAMA, Japan (AP) — The chief executives of Renault, Nissan and Mitsubishi have announced a new board to oversee the French-Japanese auto alliance, seeking a “new start” for the partnership after the arrest and dismissal of Nissan’s former chairman, Carlos Ghosn. “This is a very special day for the alliance,” Renault SA’s chairman, Jean-Dominique Senard, … Continue reading With Ghosn gone, Nissan, Renault, Mitsubishi form new board

Japan stunned by Ghosn’s release, critics hope for change

TOKYO (AP) — Former Nissan chairman Carlos Ghosn‘s release from detention nearly four months after his arrest has gripped Japan, giving the public a rare glimpse into how the criminal justice system works. Ghosn was recuperating Thursday, his lawyer said, after leaving the Tokyo Detention Center the evening before, just in time for his 65th … Continue reading Japan stunned by Ghosn’s release, critics hope for change

TOKYO | Asian shares mostly lower as US-China trade optimism fades

TOKYO (AP) — Asian shares were mostly lower Thursday as optimism about progress in trade talks between the U.S. and China started wearing off. Japan‘s benchmark Nikkei 225 slipped 0.7 percent in early trading to 21,439.64. Australia’s S&P/ASX 200 edged up nearly 0.3 percent to 6,262.20. South Korea’s Kospi was slightly lower at 2,175.26. Hong Kong’s … Continue reading TOKYO | Asian shares mostly lower as US-China trade optimism fades

Former Nissan chairman Ghosn released after posting bail

TOKYO (AP) — The former chairman of Nissan Motor Co., Carlos Ghosn, appears to have left the Tokyo Detention Center after posting 1 billion yen ($8.9 million) bail. Ghosn left the facility in disguise, wearing a surgical mask, glasses, a hat and a construction worker’s outfit. Ringed by security guards, he was driven away in … Continue reading Former Nissan chairman Ghosn released after posting bail

TOKYO | Japan court OK’s Nissan ex-Chairman Ghosn’s release on bail

TOKYO (AP) — The Tokyo District Court approved the release of former Nissan Chairman Carlos Ghosn on 1 billion yen ($9 million) bail on Tuesday, ending nearly four months of detention. The approval of Ghosn’s request for bail, his third, came a day after one of his lawyers said he was confident the auto executive … Continue reading TOKYO | Japan court OK’s Nissan ex-Chairman Ghosn’s release on bail

TOKYO | Japan’s Kyodo news says court has OK’d Ghosn release on bail

TOKYO (AP) — The Tokyo District Court says it has approved the release of former Nissan chairman Carlos Ghosn on 1 billion yen ($8.9 million) bail, ending nearly four months of detention. Tuesday’s approval of Ghosn’s request for bail, his third, came a day after one of Ghosn’s lawyers said he was confident the auto … Continue reading TOKYO | Japan’s Kyodo news says court has OK’d Ghosn release on bail

Asian shares higher as region eyes Trump-Kim summit

TOKYO (AP) — Asian shares were higher in muted trading Wednesday as investors watch the second summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam. Japan’s benchmark Nikkei 225 added 0.5 percent in early trading to 21,550.02. Australia’s S&P/ASX 200 gained 0.3 percent to 6,148.70. South Korea’s Kospi edged up … Continue reading Asian shares higher as region eyes Trump-Kim summit

TOKYO | Asian shares mostly lower as investors watch trade talks

TOKYO (AP) — Asian shares were mostly lower Friday after a slide on Wall Street as investors nervously watched the U.S.-China trade talks in Washington. Japan’s benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading. Australia’s S&P/ASX 200 gained 0.5 percent to 6,170.30. South Korea‘s Kospi fell 0.4 percent to 2,220.12. Hong Kong’s … Continue reading TOKYO | Asian shares mostly lower as investors watch trade talks

TOKYO | Japan trade deficit highest in 5 yrs, hit by China doldrums

TOKYO (AP) — Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years. Exports to all of Asia dropped 13 percent year-on-year, largely due to the 17 percent plunge in shipments to China, where growth … Continue reading TOKYO | Japan trade deficit highest in 5 yrs, hit by China doldrums

TOKYO | Japan’s exports fall 8.4 pct in Jan, hit by China slowdown

TOKYO (AP) — Japan‘s exports have fallen 8.4 percent in January from a year earlier while imports also edged lower, suggesting a deepening impact from China’s economic slowdown. Customs data released Wednesday showed exports to all of Asia dropped 13 percent year-on-year, largely due to a 17 percent decline in shipments to China. Japan’s total … Continue reading TOKYO | Japan’s exports fall 8.4 pct in Jan, hit by China slowdown

TOKYO | Abe mum on reports he nominated Trump for Nobel Peace Prize

TOKYO (AP) — Japanese Prime Minister Shinzo Abe and his chief spokesman declined Monday to say if Abe had nominated President Donald Trump for the Nobel Peace Prize, though they praised Trump for dealings with North Korea. Questioned in parliament about reports he had done so, Abe said: “In light of the Nobel Committee’s policy … Continue reading TOKYO | Abe mum on reports he nominated Trump for Nobel Peace Prize

TOKYO | Japan’s economy rebounds in 4Q, growth for 2018 at 0.7 pct

TOKYO (AP) — Japan‘s economy picked up some momentum in the last quarter of 2018 but still slowed from the growth seen in the previous year. The 1.4 percent rebound in annualized growth for October-December contrasted with a 3.5 percent contraction in the previous quarter, according to preliminary data reported Thursday by the Cabinet Office. … Continue reading TOKYO | Japan’s economy rebounds in 4Q, growth for 2018 at 0.7 pct

TOKYO | Japanese same-sex couples sue for equal marital rights

TOKYO (AP) — Thirteen same-sex couples are filing Japan’s first lawsuits challenging the constitutionality of the country’s rejection of same-sex marriage. The Valentine Day lawsuits to be filed in Tokyo and in other courts around the country on Thursday argue that the law violates same-sex couples’ constitutional rights to equality. They want the government to … Continue reading TOKYO | Japanese same-sex couples sue for equal marital rights

TOKYO | Asian shares mostly higher on US-China trade deal optimism

TOKYO (AP) — Asian shares were mostly higher Wednesday, cheered by prospects for a resolution to the costly trade dispute between the U.S. and China, which had also sent Wall Street indexes higher. Japan’s benchmark Nikkei 225 added 1.5 percent to 21,185.59 in morning trading, while Australia’s S&P/ASX 200 slipped 0.3 percent to 6,062.80. South … Continue reading TOKYO | Asian shares mostly higher on US-China trade deal optimism

TOKYO | Japanese swimming star Rikako Ikee diagnosed with leukemia

TOKYO (AP) — Japanese swimming star Rikako Ikee has been diagnosed with leukemia less than 18 months before the Olympics in Tokyo. The 18-year-old Ikee won six gold medals at the Asian Games in Jakarta last year and was tipped to be one of the faces of the 2020 Olympics in her home country. She … Continue reading TOKYO | Japanese swimming star Rikako Ikee diagnosed with leukemia

TOKYO | Japan tech giant SoftBank reports profit decline

TOKYO (AP) — Japanese technology conglomerate SoftBank reports profit . reported Wednesday a 23 percent decline in fiscal third-quarter profit as adjustments in its major investment funds eroded income. SoftBank Group, which has invested in British IoT company ARM and U.S. wireless company Sprint, had October-December profit of 698.3 billion yen ($6.4 billion), down from … Continue reading TOKYO | Japan tech giant SoftBank reports profit decline

TOKYO | Toyota profit plummets despite moderately solid sales

TOKYO (AP) — Toyota’s fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion), about a fifth of what the Japanese automaker earned the previous year, despite relatively solid sales, the Japanese automaker said Wednesday. Toyota Motor Corp.’s October-December profit in 2017 had totaled 941.8 billion yen, helped by perks from U.S. tax reforms. … Continue reading TOKYO | Toyota profit plummets despite moderately solid sales

TOKYO | Nissan board taps Renault’s Senard, shareholders meeting set

TOKYO (AP ) — Nissan board has chosen as a director Jean-Dominique Senard, who was recently appointed chairman at the Japanese automaker’s alliance partner Renault SA of France. Nissan Motor Co. said in a statement that its board decided Tuesday to hold an extraordinary shareholders’ meeting on April 8, to remove its former chairman, Carlos Ghosn. … Continue reading TOKYO | Nissan board taps Renault’s Senard, shareholders meeting set

TOKYO | Japan finance minister Aso sorry for criticizing childless

TOKYO (AP ) — Japan’s Finance Minister Taro Aso has reluctantly apologized for saying childless people are to blame for the country’s rising social security costs and its aging and declining population. “If it made some people feel uncomfortable, I apologize,” Aso said Tuesday after drawing complaints over a comment he made during the weekend at … Continue reading TOKYO | Japan finance minister Aso sorry for criticizing childless

TOKYO | Tokyo court rejects Ex-Nissan chair Ghosn’s bail request

TOKYO —January 21, 2019—A court in Tokyo has rejected former Nissan chairman Carlos Ghosn‘s latest request for bail. The decision Tuesday came a day after Ghosn promised to wear an electronic monitoring ankle bracelet, give up his passport and pay for security guards approved by prosecutors to gain release from detention on bail. Ghosn, 64, … Continue reading TOKYO | Tokyo court rejects Ex-Nissan chair Ghosn’s bail request

Gateway cities continue to top global real estate investment, led by London

  DAVOS, Switzerland/ Jan. 21, 2019 (STL.News) London remains the largest commercial real estate investment market in the world Investors favor familiar cities with well-established investment markets and high levels of transparency JLL projects 2019 investment volumes will be approximately 5 to 10 percent below the 2018 total, driven by investor caution and selectivity London … Continue reading Gateway cities continue to top global real estate investment, led by London

Japan says it will leave IWC to resume commercial whaling

TOKYO  — Japan says it is leaving the International Whaling Commission to resume commercial hunts but says it will no longer go to the Antarctic to hunt. Chief Cabinet Secretary Yoshihide Suga said Wednesday that Japan’s commercial whaling will be limited to its territorial and economic waters. The IWC imposed a commercial moratorium in the … Continue reading Japan says it will leave IWC to resume commercial whaling

TOKYO | Japan: Economy shrank at 2.5 percent annualized rate

TOKYO — Japan’s economy shrank at an annualized rate of 2.5 percent in July-September, a worse contraction than preliminary data indicated last month. The earlier data put the contraction at 1.2 percent, as consumer spending, investment and exports fell. The revised data released Monday by the government Cabinet Office shows seasonally adjusted gross domestic product … Continue reading TOKYO | Japan: Economy shrank at 2.5 percent annualized rate