Japan
Struggling Sony to cut pay even as PM Abe calls for higher wages
Sony Corp is likely to cut average pay next year in a rare move for a big Japanese company, and one that goes against Prime Minister Shinzo Abe's push for higher wages to get the economy moving.
Asia cheered by U.S. economic resilience, euro struggles
Asian stocks rose on Thursday amid fresh signs of resilience in the U.S. economy, while the euro wallowed near two-year lows before a much-anticipated European Central Bank meeting that could open the door to more stimulus.
Worried about broader fallout, Japan moves to contain air bag crisis
Japan's auto recall enforcement division, whose 16 members work from a cramped office on the eighth floor of the transport ministry building in Tokyo, only found out about safety issues with Takata Corp air bags in late-2008 - more than three years after the company says it first learned of problems.
Asian shares edge down, oil rises as crude inventories decline
The dollar marked a fresh seven-year high against the yen on Wednesday, which helped lift the Nikkei to a similar record, while oil prices recovered after data showed a drop in U.S. supply.