Japan gov’t rejects FT article on investment barriers

BUSINESS The Japanese government on Wednesday rejected a report by the Financial Times that said Japan has introduced further barriers to foreign investment, with a Foreign Ministry spokesman describing the article as “misleading” and “sensational.“ [KYODO]

Saga of next Bank of Japan Governor ‘descends into farce’

BUSINESS Prime Minister Yasuo Fukuda has called for crisis talks with opposition leaders in an attempt to agree on a candidate to replace Toshihiko Fukui as Bank of Japan Governor amid warnings that further stalling could damage international confidence in the country’s monetary policy. [THE GUARDIAN]

Pioneer to end plasma panel production

BUSINESS Pioneer Corp. will end more than a decade of plasma panel manufacturing by outsourcing production of all plasma display panels to rival Matsushita Electric Industrial Co., sources said Tuesday. [ASAHI]

Nikkei falls 4.5% as dollar tests under ¥103

STOCKS The Nikkei stock average plunged below the key 13,000 line Monday amid the dollar’s sharp dive below ¥103 and speculation that the U.S. is poised to enter a recession. [THE JAPAN TIMES]

Ski resorts find boon in Australians

BUSINESS Ski resorts across the country are finding that attracting Australian skiers could be their salvation. [YOMIURI]

SESC investigating insider trading allegations against certified public accountant

BUSINESS A former employee of a leading auditing firm is suspected of using information obtained from work for insider trading, firm officials said Monday. [MAINICHI]

Politics ensnares the Bank of Japan

BUSINESS With world stock markets volatile and the US economy teetering toward recession because of the sub-prime crisis, one of the many consequences of Japan’s divided Diet is that partisan politics has for the first time entered into the selection of a new Governor of the Bank of Japan. [ASIA SENTINEL]

Nikkei surges over 3%, led by insurance stocks on eased credit woes

STOCKS The Nikkei stock index finished Monday at its highest level since Jan. 15 with a gain of over 3 percent on the strength of insurance and financial issues amid easing worries over credit markets plaguing U.S. bond insurers. [KYODO]

Israel’s Olmert seeks more trade with Japan, holds out larger peace role

BUSINESS Israeli Prime Minister Ehud Olmert will seek to boost trade with Japan during a visit to Tokyo this week while holding out the opportunity for his hosts to play a more prominent role in Middle East peacemaking. [BLOOMBERG]

Mister Donut, Mos Burger fast food chains to join forces

BUSINESS Duskin Co., which operates the Mister Donut chain, and Mos Food Services Inc. said Wednesday they will form a capital and operational alliance to enhance mutual competitiveness. [ASAHI]

Tokyo stocks rise on signs of more foreign capital into Japan

STOCKS Tokyo stocks closed higher Tuesday with the key Nikkei index briefly soaring over 200 points, after Dubai International Capital LLC signaled its interest in boosting investment in Japanese shares. [KYODO]

GDP up 3.7% for Oct.-Dec., tops forecasts

BUSINESS The nation’s economic growth accelerated during the last three months of 2007 as gross domestic product rose 3.7 percent on an annual basis, according to a Cabinet Office preliminary GDP report released Thursday. [YOMIURI]

Bridgestone ‘paid 150 mil. yen in bribes’

BUSINESS Bridgestone Corp. may have given about 150 million yen in bribes to government officials of countries in South East Asia and Central and South America, according to recently released results of the firm’s in-house inspection. [YOMIURI]

Garlic chocolates an instant Valentine’s Day hit?

BUSINESS A company in the Aomori prefecture town of Takko, one of Japan’s top garlic producing regions, is testing the limits of good taste ahead of Valentine’s Day with an unusual product — garlic chocolate. [MAINICHI]

Japan’s national wealth up 2.9% in 2006, 1st rise in 9 years

BUSINESS Japan’s national wealth as of the end of 2006 increased 2.9 percent from a year earlier to 2,716.6 trillion yen, up for the first time in nine years, due to higher land prices, the Cabinet Office said Friday. [KYODO]

Toshiba to build 5th flash memory plant in Iwate Prefecture

BUSINESS In a bid to take the global lead in the production of NAND-type flash memory chips, widely used in cellphones and digital cameras, Toshiba Corp. will build a 700-billion-yen ($6.58 billion) plant in Iwate Prefecture, sources said. [ASAHI]

Internet firm draws penalty for bogus tax refund claim

BUSINESS URL.TV Inc. has been slapped with back taxes as well as a ¥13.4 billion penalty for filing a false claim for a consumption tax refund for the year ended December 2006, tax authority sources said Sunday. [THE JAPAN TIMES]

Tokyo stocks up nearly 2%, lifted by automakers, eased credit concerns

STOCKS Tokyo stocks reversed earlier losses on Thursday, closing nearly 2 percent higher as upbeat earnings outlooks for Japanese automakers and a capital infusion for a major U.S. bond insurer lifted market sentiment. [KYODO]

Companies shift production overseas to avoid emission-reduction obligations

BUSINESS Japanese industrial materials makers are increasingly shifting production to developing countries to evade their expensive obligations of cutting greenhouse gas emissions in Japan. [ASAHI]

Nikkei falls nearly 4 percent after three-day rally

STOCKS Japan’s benchmark Nikkei index saw the end to a three-day rally and closed Monday after falling nearly 4 percent, tracing heavy equity falls across Asia amid concerns about the U.S. mortgage crisis.

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Autumn leaves in Matsudo city, Chiba Prefecture.

Photo: Juyo Tanaka. Used under a Creative Commons license.



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