Hyundai, Kia recall more than 1.8 million vehicles in U.S.
DETROIT--Hyundai Motor Corp. and its Kia Motors affiliate are recalling more than 1.8 million cars and SUVs in the United States to address a potentially faulty switch and a loose headliner, according to U.S. safety regulators.
Prime Minister Shinzo Abe and U.S. President Barack Obama attend a summit in Washington on Feb. 22. (Asahi Shimbun file photo)
Japan reaches basic agreement with U.S., will join TPP talks in July
Tokyo and Washington have reached a basic agreement during preliminary talks on Japan's participation in the negotiations for the proposed Trans-Pacific Partnership free trade arrangement, a senior Japanese government official said.
Prime Minister Shinzo Abe at a meeting on April 2 (The Asahi Shimbun)
Japan moves to revamp troubled power industry
The Cabinet has approved a proposal to revamp Japan’s troubled electricity industry and foster more competition by obliging utilities to split power generation and distribution into separate businesses.
The India Supreme Court's rejection of a patent for an improved version of a costly cancer drug by Novartis AG could have big implications for the world's largest drugmakers. (Asahi Shimbun file photo)
India's rejection of drug patent could reverberate
The India Supreme Court's rejection of a patent for an improved version of a costly cancer drug by Novartis AG could have big implications for the world's largest drugmakers.
Bank of Japan Governor Haruhiko Kuroda responds to a question in the Lower House Budget Committee meeting on April 2. (Teruo Kashiyama)
ANALYSIS: BOJ survey shows 'Abenomics' not yet reaching real economy
The Bank of Japan’s Tankan survey on business sentiment showed that the real economy has not caught up with market expectations for improved conditions led by “Abenomics.”
Honda Motor's minicar assembly line in Suzuka, Mie Prefecture (The Asahi Shimbun)
Minicars help push total car sales past 5 million
New car sales in Japan in fiscal 2012 were up 9.6 percent from the previous year to 5,210,291, exceeding 5 million units for the first time in five years, industry organizations said.
Chinese consumers checking iPads at an Apple Store in Beijing (The Asahi Shimbun)
Apple issues apology following attacks in China
BEIJING--Apple issued an apology to Chinese consumers on April 1 after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.
The Bank of Japan (Asahi Shimbun file photo)
UPDATE: Japan survey finds business sentiment improving
Japanese manufacturers are more upbeat about business conditions than they were late last year, but less so than expected, a central bank survey found.
The Tamagawa No. 3 power plant in Ome, western Tokyo, is one of three hydropower plants owned by the Tokyo metropolitan government. (Asahi Shimbun file photo)
New utilities mostly shut out of buying power from local governments
Twenty-five of the 26 local governments that operate hydropower plants plan to continue selling their electricity to major utilities on negotiated contracts in fiscal 2013 and are refusing to open the process to bidding from other electric power companies, The Asahi Shimbun has found.
Tomio Iida, honorary president of the Hino Contessa Club, with Contessas that are still running. The photo was taken in Mitaka, Tokyo. (Shinichi Mishima)
One for the road: The Contessa at 50
Despite her age, she's a sleek and graceful lady who still turns heads.
Foreign firms seek action from China's new leaders. (Asahi Shimbun file photo)
Foreign firms seek action from China's new leaders
BEIJING--Foreign companies in China say they want the country's new leadership to act on pledges to reduce bureaucracy and remove investment barriers as the business climate gets tougher, the American Chamber of Commerce in China said March 29.
Toyota North America chief Jim Lentz optimistic on sales (Asahi Shimbun file photo)
Aging vehicles leave Toyota North America chief optimistic on new sales
NEW YORK--Toyota Motor Corp's top North American executive voiced optimism on March 28 about the U.S. economy and said demand in the industry this year would be driven by the need for consumers to replace aging cars and trucks.
Chinese regulator calls for tighter supervision of Apple. (Asahi Shimbun file photo)
Chinese regulator calls for tighter supervision of Apple
SAN FRANCISCO--Apple Inc. has come under criticism from a Chinese marketplace regulator, which called for stronger supervision of the iPhone-maker's consumer policies within the country, according to state-run media.
The Asahi Shimbun
Defense Ministry ignores Board of Audit instructions on stopping kickbacks
The Defense Ministry has ignored repeated instructions by the Board of Audit to prevent possible kickbacks on defense equipment deals that are wasting hundreds of millions of yen in taxpayer money.
Pirated DVDs of Japanese movies and TV dramas are on sale in Shanghai in April 2012. (Asahi Shimbun file photo)
Japan, China, S. Korea end first talks on FTA, disagree on intellectual property
SEOUL--Japan, China and South Korea agreed to form working committees on tariffs, investments and eight other subjects before ending their first round of talks on a trilateral free trade agreement on March 28.
Kazuhiro Tsuga, president of Panasonic Corp., announces a mid-term business plan on March 28 in Tokyo. (The Asahi Shimbun)
Panasonic stays in TV business, chairman resigning
Panasonic's president said on March 28 the company will persist with trying to fix its money-losing TV business, characterizing an exit from the fiercely competitive industry as a “final resort.''
Bank of Japan Governor Haruhiko Kuroda (Asahi Shimbun file photo)
BOJ chief says Japan economy on the mend
Japan's economy has stopped weakening and should show signs of recovery by midyear, the newly appointed central bank governor said on March 28, as weaker-than-expected retail sales for February underscored the challenge he faces in restoring consumer confidence.
Ryugo Nakao, center, and other Mitsubishi Motors Corp. executives respond to questions from reporters on March 27 at company headquarters in Tokyo. (Ryuji Kudo)
Mitsubishi halts production of EVs due to faulty battery
Mitsubishi Motors Corp. said it has suspended the manufacturing and shipment of electric vehicles that use a lithium-ion battery made by a subsidiary of GS Yuasa Corp. after two recently caught fire.
A prototype of the 3-wheeled electric vehicle for Asian countries (Provided by Terra Motors Co.)
Terra Motors releases 3-wheeled electric vehicle for Philippines
Terra Motors Corp. on March 27 released a three-wheeled electric vehicle designed for the Philippines, a first step in its strategy to expand to markets across Asia.
Students receive practical training at the newly established Toyota training school in Ohira village, Miyagi Prefecture, on March 27. (Kengo Hiyoshi)
Toyota opens new training school in Tohoku region
OHIRA, Miyagi Prefecture--Toyota Motor Corp. held an opening ceremony on March 27 for an in-house technical training school in the quake-battered Tohoku region.