Business News Tokyo

  • A South Korea flag is displayed against skyscrapers and businesses in Gangnam-gu, Seoul.

    South Korean warplanes fired hundreds of warning shots at a Russian military aircraft that entered South Korean airspace on Tuesday, defence officials said. Russia denied violating any airspace and accused South Korean pilots of being reckless.

  • *Japan's oil demand has fallen sharply in recent years. TOKYO, July 23- JXTG Holdings, Japan's biggest oil refiner, said on Tuesday it plans to close a 115,000 barrel per day Osaka refinery that it owns with PetroChina next year, amid falling demand for crude products in Japan. The closure will cut Japan's refining capacity to just over 3.4 million bpd, down from 5.6...

  • TOKYO, July 23- JXTG Holdings, Japan's biggest oil refiner, said on Tuesday it plans to close a 115,000 barrel per day Osaka refinery that it owns with PetroChina next year, amid falling demand for crude products in Japan. The closure will cut Japan's refining capacity to just over 3.4 million bpd, down from 5.6 million bpd in the 1980 s when Japan accounted for almost...

  • TOKYO, July 23- The Japanese government has lodged a protest against South Korea and Russia after South Korean warplanes fired hundreds of warning shots at a Russian military aircraft on Tuesday, Chief Cabinet Secretary Yoshihide Suga said. "In light of Japan's stance regarding sovereignty over Takeshima, the South Korean military aircraft's having carried...

  • TOKYO, July 23- Japanese stocks hit their highest in more than a week on Tuesday, with the semiconductor sector tracking Wall Street gains, though trading remained thin ahead of the domestic earnings season. On Wall Street overnight, S&P 500 climbed 0.3%, a shade below its July 15 record high close, while the Dow Jones Industrial Average rose 0.1% and the Nasdaq...

  • TOKYO, July 23- Sterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a "hard Brexit" from the European Union, widely seen as a major risk for the British economy. The euro briefly touched the lowest in five weeks due to growing expectations European Central Bank President...

  • A memory module by Samsung Electronics.

    Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.

  • SEOUL, July 22- South Korean chipmakers such as Samsung Electronics will allow their equipment to be used for conducting quality tests at their domestic suppliers as part of an arrangement brokered by the government to counter Japan's export curbs. South Korea's government has vowed to nurture homegrown suppliers for Samsung and SK Hynix after Japan said...

  • President Donald Trump has made clear he's unhappy over Japan's $67.6 billion trade surplus with the United States and said he expected an announcement on a deal after the upper house poll. The dispute worsened this month when Japan tightened export controls on high-tech materials to South Korea. The solid showing by Abe's Liberal Democratic Party- led bloc...

  • OMIYA, Japan, July 21- The man suspected of killing 34 people in an arson attack in Japan lived alone, hundreds of kilometres from the torched Kyoto Animation studio, where he played video games non-stop and had "terrified" his neighbour just days earlier. Police late on Saturday issued an arrest warrant for 41- year-old Shinji Aoba, suspected of causing Japan's...

  • OMIYA, Japan, July 21- The man suspected of killing 34 people in an arson attack in Japan lived alone, hundreds of kilometers from the torched Kyoto Animation studio, where he played video games non-stop and had "terrified" his neighbor just days earlier. Police late on Saturday issued an arrest warrant for 41- year-old Shinji Aoba, suspected of causing Japan's...

  • KYOTO, Japan, July 20- Many victims of an arson attack on a Japanese animation studio were young with bright futures, some joining only in April, the shaken company president said on Saturday, as the death toll climbed to 34.. It was all the more poignant because of the young age of many of the victims when Japan has one of the world's oldest populations.

  • OMIYA, Japan, July 20- The man suspected of killing 34 people in an arson attack in Japan lived alone, hundreds of kilometers from the torched Kyoto Animation studio, where he played video games non-stop and "terrified" his neighbor just days earlier. Police suspect 41- year-old Shinji Aoba caused Japan's worst mass killing in two decades on Thursday when he went to...

  • KYOTO, Japan, July 20- Many victims of an arson attack on a Japanese animation studio were young with bright futures, some joining only in April, the shaken company president said on Saturday, as the death toll climbed to 34.. Thursday's attack on Kyoto Animation, well known for its television series and movies, was Japan's worst mass killing in two decades.

  • China premiums little changed at $10- $11 an ounce. In top consumer China gold was sold at a premium of $10- $11 per ounce over the benchmark, little changed from last week's $10- $13 range. "Investment buying has picked up somewhat," said Samson Li, a Hong Kong- based precious metals analyst with Refinitiv GFMS, adding that prices would have to hold near cureent levels for...

  • *Japan, S.Korea accuse each other of breaking international law. South Korea accused Japan of violating international law with its curbs this month on the export of high-tech materials to South Korean chipmaking giants, which could disrupt global supply chains. Japanese Foreign Minister Taro Kono summoned South Korea's ambassador, Nam Gwan- pyo, a day after...

  • *Japan summons South Korean envoy. South Korea's ambassador to Japan, Nam Gwan- pyo, was summoned to meet Japanese Foreign Minister Taro Kono a day after a midnight deadline set by Japan for South Korea to accept third-country arbitration of the forced labour dispute passed. South Korea has rejected third-country arbitration and Kono said Seoul must take swift...

  • TOKYO, July 19- Early in December, dozens of journalists and editors from the Japan Times gathered for an emergency meeting in a glass-walled conference room in their brand-new 14th floor office. In the past, the Japan Times described Korean workers as "forced labourers" and comfort women as those "forced to provide sex for Japanese troops before and during World...

  • SEOUL, July 19- South Korea on Friday rejected Japan's call for third-party arbitration over a court ruling last year ordering Japanese companies to pay compensation for using South Korean forced labor during World War Two. Japan had set Thursday as a deadline for South Korea to accept the proposal in a deepening feud over wartime forced labor, which has led to...

  • SEOUL, July 19- As soon as supermarket manager Cho Min- hyuk got to work the day after Tokyo imposed curbs on exports to South Korea, he pulled all Japanese products off the shelves. It was Cho's way of taking a stand against Japan in a quickly worsening political and economic dispute between the two east Asian neighbours. "Japan putting pressure on South Korea...