A Japanese-made megafloat, used as a venue for an event prior to the 2002 World Cup final in Yokohama  (Asahi Shimbun file photo)
Japan seeking to export megafloat to Brazil
BRASILIA--Japan's trade minister made a pitch on behalf of the private sector to sell Brazil a huge floating dock, or megafloat.
Officials of Iwashimizu Hachimangu shrine and workers at Panasonic Corp., provider of the LED lights, test lanterns illuminated by newly introduced LED light bulbs in Yawata, Kyoto Prefecture, on May 1. (Ryo Kato)
Candles replaced with LEDs at Kyoto shrine
YAWATA, Kyoto Prefecture--An ancient shrine is going high-tech to ward off the dark and increase visitor numbers. The stone lanterns at Iwashimizu Hachimangu shrine, which have long been illuminated by candles, are now fitted with light-emitting diodes (LEDs) starting from a night event this month.
Sony Corp. President Kazuo Hirai (Asahi Shimbun file photo)
Sony execs to forgo bonuses for failing to end slump in electronics division
About 40 executives at Sony Corp. and its subsidiaries will forgo bonuses totaling several hundred million yen for failing to turn a profit in the company’s long-struggling electronics division in fiscal 2012.
Attorney General Eric Holder, center, accompanied by U.S. Intellectual Property Enforcement Coordinator Victoria Espinel, left, and Acting Commerce Secretary Rebecca Blank, speaks about strategy to mitigate the theft of U.S. trade secrets on Feb. 20 in the Eisenhower Executive Office Building on the White House complex in Washington. (AP file photo)
U.S. presses China to stop growing trade secret theft
WASHINGTON--The U.S. Trade Representative's office criticized China on May 1 for failing to stop the growing theft of American trade secrets that are the lifeblood of U.S. economic might, in the latest sign of Washington's frustration.
Chinese workers process parts at the plant of a baby carriage factory in Zaozhuang city, Shandong province, China, on April 1. (AP file photo)
Survey shows China manufacturing growth slowing
BEIJING--Chinese manufacturing growth slowed in April as global demand weakened, adding to signs its shaky recovery might be weakening, a survey showed on May 2.
Medias wait for South Koreans returning home from North Korea's Kaesong at the customs, immigration and quarantine office near the border village of Panmunjom, that separates the two Koreas, in Paju, north of Seoul, on April 29. (AP Photo)
South Korea pledges $272 million in loans for Kaesong companies
SEOUL--South Korea has offered 300 billion won ($272.41 million) in special loans to companies affected by Pyongyang's decision last month to close a jointly run industrial zone in North Korea, a government official said on May 2.
Chinese models pose at the stand of BYD during the 15th Shanghai International Automobile Industry Exhibition, known as Auto Shanghai 2013, in Shanghai, on April 23. (AP Photo)
First Chinese automaker in U.S. to open plants
LANCASTER, California--The first Chinese-owned vehicle manufacturer in the United States unveiled ambitious plans on May 1 to eventually build as many as 1,000 plug-in electric buses a year at a refurbished RV manufacturing plant in a wind-swept, sage-dotted corner of the Mojave Desert.
Tokyo Electric Power Co. President Naomi Hirose (Asahi Shimbun file photo)
TEPCO, 7 other utilities post combined loss of 1.6 trillion yen
Eight electric power companies reported a combined loss of 1.59 trillion yen ($16 billion) for fiscal 2012 as the aftereffects of the Fukushima nuclear disaster continued to hammer their bottom lines.
Pedestrians walk past a store of Cartier in Wuhan city, central China's Hubei province in February. Famous brands with eye-catching logos, such as LVMH, Hermes and Gucci, have for years been the most popular gifts, and the Chinese luxury market for a long time has undergone abnormal growth. (AP Photo)
Luxury shopping firms bet on casino approach in China
SHANGHAI--With flagging sales in their mainland stores and increasingly price savvy consumers, luxury companies are taking a leaf out of casinos' play books by offering junkets to wealthy Chinese clients eager to splurge in their Hong Kong stores.
Car sales have picked up in the Tokai region. (Asahi Shimbun file photo)
Japan manufacturing, hiring rise in March
Japan manufacturing and employment showed slight improvements in March, buttressing hopes that the economy may be headed for a moderate recovery.
Softbank Corp. CEO Masayoshi Son in Tokyo on April 30 (The Asahi Shimbun)
Softbank says Dish offer for Sprint ‘illusory’
NEW YORK--The CEO of Softbank, the Japanese cellphone carrier trying to buy a majority ownership in Sprint, said April 30 that a competing bid from Dish is based on “incomplete and illusory” numbers.
Fujitsu Ltd.'s Mie Plant in Kuwana, Mie Prefecture (Asahi Shimbun file photo)
Fujitsu hands over microcontroller operations to U.S. chipmaker
Fujitsu Ltd.’s seminconductor subsidiary on April 30 signed an agreement to hand over its microcontroller chip design and development operations to U.S. chipmaker Spansion Inc. for $110 million (10.75 billion yen).
Toyota retailers in Nagoya, near the auto giant's home base, Toyota, Aichi Prefecture, report brisk sales in March. (Asahi Shimbun file photo)
Japan manufacturing shows slight uptick in March
Japan's manufacturing improved slightly in March, with factory output rising 0.2 percent, while the jobless rate also fell slightly.
People carry portraits in hope of finding their missing relatives in the garment factory building which collapsed in Savar, near Dhaka, on April 29. (AP Photo)
ANALYSIS: Bangladesh still works for retailers, despite disasters
The factory collapse in Bangladesh that killed over 300 people this week is a stark reminder of the risks in the global retail industry's search for cheap production.
The buildings in Russky Island off the coast of Vladivostok were built as the site of the APEC meetings held last September. After the meetings, those buildings are expected to be remodeled as the new campus of Far Eastern Federal University in Vladivostok, but the relocation work has not yet been completed. (Daisuke Nishimura)
Russia eyes Japanese investment to kick start its sluggish Far East
VLADIVOSTOK--President Vladimir Putin will try to court Japanese investment in the Russian Far East during his meetings with Prime Minister Shinzo Abe.
An accelerator used to generate neutrons is shown on March 13, in Tokaimura, Ibaraki Prefecture. (Asahi Shimbun file photo)
Sumitomo to export cancer treatment technology to Russia
Sumitomo Heavy Industries Ltd. said April 28 that it will export state-of-the-art cancer therapy equipment to Russia.
A Boeing 787 of All Nippon Airways prepares to land after a test flight at Haneda International Airport in Tokyo on April 28. Japanese carrier All Nippon Airways (ANA) conducted its first test flight of the Boeing 787 Dreamliner on Sunday since planes were grounded in mid-January after incidents with smoldering batteries occurred aboard two different planes, leading to hundreds of canceled flights and revenue losses. (AP Photo)
Japan's ANA takes its first 787 back into the air since grounding
All Nippon Airways, the Japanese launch customer for Boeing Co.'s 787, flew its first Dreamliner in more than three months on April 28 to test reinforced batteries installed by the U.S. aircraft maker.
Price competition remains fierce among retailers. (The Asahi Shimbun)
BOJ projects 1.9% inflation in fiscal 2015, but skeptics remain
The Bank of Japan said it is on track to achieving its 2-percent inflation target in about two years, but doubts remain even within the bank itself over whether that goal is realistic.
An Osaka supermarket openly touts offsetting the consumption tax during a discount sale in November 1998. The consumption tax rate was raised from 3 percent to the current 5 percent in April 1997. (Asahi Shimbun file photo)
Revised policy: Discounts allowed if retailers don't tout tax
Retailers in Japan will have to watch how they word their advertisements if the government has its way.
An All Nippon Airways Co. Boeing 787 at Tokyo's Haneda Airport on April 26 (Wataru Sekita)
ANA, JAL report limited losses from grounding of 787s
All Nippon Airways Co. and Japan Airlines Co. are set to resume services by grounded Boeing 787s in June after installing new systems to reduce the risk of in-flight fires due to problem-plagued lithium ion batteries.