Foreign sale of Toshiba’s memory biz to be scrutinized

March 24, 2017

TOKYO- The Japanese government plans to scrutinize any proposal by a foreign company to acquire Toshiba Corp.’s prized memory chip business under the foreign exchange and foreign trade law, industry minister Hiroshige Seko said Friday. “If we receive advance notice (of

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Toshiba, banks in final talks on Chapter 11 for Westinghouse

March 24, 2017

TOKYO- Struggling Japanese electronics and machinery giant Toshiba Corp. is in the final stages of talks with creditor banks on filing for Chapter 11 bankruptcy protection for its US nuclear power plant unit, Westinghouse Electric Co., it was learned Friday. Toshiba

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Abe rejects demand for wife to testify on state land sale 

March 24, 2017

TOKYO- Japanese Prime Minister Shinzo Abe on Friday turned down an opposition camp demand to summon his wife, Akie, for testimony before parliament, over a state land sale scandal involving right-wing school operator Moritomo Gakuen. “It’s strange to summon her

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Department store sales down for 12th straight month

March 23, 2017

TOKYO- Sales at department stores in Japan in February dropped 1.7 pct from a year earlier on a same-store basis, down for the 12th straight month, an industry group said Wednesday. Overall sales at 234 stores run by 81 companies

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Woman gives birth with egg  from third-party donor

March 23, 2017

TOKYO- A Japanese woman has given birth to a girl after receiving in-vitro fertilization treatment with an egg from an anonymous third-party donor, a nonprofit organization based in the western Japan city of Kobe said Wednesday. This is believed to

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7-year -olds most prone to pedestrian accidents

March 23, 2017

TOKYO- Seven-year-olds, or elementary school first- to second-graders, accounted for the biggest chunk of pedestrian victims of fatal or injury traffic accidents over the past five years in Japan, a National Police Agency report showed Thursday. The analysis report also found

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Abe condemns  London terror attack

March 23, 2017

TOKYO- Japanese Prime Minister Shinzo Abe on Thursday condemned the terror attack near Britain’s Parliament in London that killed at least four people and injured some 40 on Wednesday. “We cannot accept terrorism,” Abe told reporters. “We strongly support British

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Moritomo head stands by Abe donation claim in Diet testimony

March 23, 2017

TOKYO- In sworn testimony before parliament on Thursday, Yasunori Kagoike, outgoing head of controversial school operator Moritomo Gakuen, reiterated his claim that the group received a donation of one million yen from Japanese Prime Minister Shinzo Abe via his wife, Akie.

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