Japan's Mitsubishi Motors Corp (7211.T) will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia.
Japan
U.S. asset manager Fortress seeks more Japan hotel investments amid tourism boom
Fortress Investment Group (FIG.N) is prioritizing investments in hotels in Japan, a senior executive said on Monday, as the U.S. asset manager seeks to cash in on a government drive to boost tourism ahead of the 2020 Tokyo Olympics.
Japan fourth quarter aluminum premiums mostly set at record high $420 per tonne: sources
Japanese aluminum buyers will mostly pay record high premiums of $420 per tonne over London Metal Exchange (LME) prices for October-December shipments, up 3-5 percent from the prior quarter, five sources directly involved in the talks said.
SoftBank COO says no plan to invest in messaging app Line
SoftBank Corp has no plans to invest in messaging application Line Corp, Ken Miyauchi, chief operating officer of Japan's No. 3 mobile carrier, told reporters on Friday.
BOJ buys one-year government bills at negative yield: traders
The Bank of Japan bought one-year government bills at negative yields in market operations on Friday, traders said, setting a new milestone as it pushes its aggressive asset purchase scheme.
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Japanese Prime Minister Shinzo Abe said on Sunday he remained "neutral" on whether to proceed with a hike in Japan's sales tax to 10 percent, adding that decision would hinge on the strength of economic indicators for the current quarter.
Amid a revival in sales of Japanese goods in China and talk of renewed investment from some big firms such as Toyota, a dusty industrial park near Nanjing offers a cold reality check on the health of ties between Asia's two biggest economies.
Citigroup Inc (C.N) on Friday told bidders for its Japanese retail banking operations that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.
Sharp Corp said it would begin mass-producing a new type of next-generation displays with Qualcomm unit Pixtronix from 2017, in the hopes that innovation would pay off in the long term as the firm nurses its finances back to health.
Two Japanese aluminum buyers have agreed to pay a producer a record premium of $420 per tonne for metal to be shipped in the October-December quarter, two sources directly involved in the quarterly pricing talks said on Friday.
The U.S. dollar was holding broad-based gains in Asia on Tuesday in a boon for shares of Japanese exporters but a burden for oil, gold and stocks in the energy majors.
Japan's largest e-commerce firm Rakuten Inc (4755.T) said it was in talks to buy U.S. rebate site operator Ebates, a deal reportedly worth $950 million and the latest in a long line of overseas acquisitions.
Japan's economy shrank an annualised 7.1 percent in April-June from the previous quarter, more than a preliminary estimate, underscoring concerns the hit from an April increase in the sales tax may have been bigger than expected.
Japanese automaker Mitsubishi's (7211.T) subsidiary in Venezuela has halted operations due to a delay in the import of parts for assembly, a union official said on Friday.
