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TOKYO (AP) — Health supplement products believed to have caused two deaths and sickened more than 100 people have been ordered to be taken off store shelves in Japan. The products from Kobayashi Pharmaceutical Co., billed as helping to lower cholesterol, contained an ingredient called “benikoji,” a red species of mold. The ministry has put up a list on its official site of all the recalled products, including some that use benikoji for food coloring. The recalled products could be bought without a prescription from a doctor, and could be purchased at drug stores. The ministry official warned there could be more victims in the days ahead.
Persons: Kobayashi, ___ Yuri Kageyama Organizations: TOKYO, , Kobayashi Pharmaceutical Co Locations: Japan, Osaka
Read previewTOKYO (AP) — Japan's central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a shift away from ultra-lax monetary policy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, "have fulfilled their roles," the bank said in a statement. The Japanese central bank's policy is quite different from those of the US Federal Reserve and the European Central Bank. Analysts expect the Bank of Japan to continue to move slowly on further raising interest rates.
Persons: , Kazuo Ueda, Haruhiko Kuroda Organizations: Service, Business, Bank of, Bank of Japan, US Federal Reserve, European Central Bank Locations: Japan, Bank of Japan, U.S, China
TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, “have fulfilled their roles,” Bank of Japan Gov. But it had remained cautious about “normalizing” monetary policy, or ending negative borrowing rates, even after data showed inflation at about that rate in recent months. Ueda said there was “a positive cycle” of a gradual rise of wages and prices, while stressing that monetary policy will remain easy for some time. The Japanese central bank's policy is quite different from those of the U.S. Federal Reserve and the European Central Bank.
Persons: , Kazuo Ueda, Ueda, Harumi Taguchi, Haruhiko Kuroda, ___ Yuri Kageyama Organizations: TOKYO, ” Bank of Japan Gov, Bank of, Analysts, P Global Market Intelligence, U.S . Federal Reserve, European Central Bank, Bank of Japan Locations: Japan, Bank of Japan, U.S, China
TOKYO (AP) — Japan has slipped to the world’s fourth-largest economy as government data released Thursday showed it fell behind the size of Germany's in 2023. Japan fell from the second-ranked economy behind the U.S. to the third-largest in 2010 as China's economy grew. The comparisons among nations’ economies look at nominal GDP, which doesn’t reflect some different national conditions, and is in dollar terms. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The gap between developed countries and emerging nations is shrinking, with India certain to overtake Japan in nominal GDP in a few years, Okazaki said.
Persons: Germany’s, Japan’s, Tetsuji Okazaki, , Okazaki, Konosuke Matsushita, ___ Yuri Kageyama Organizations: TOKYO, , Monetary Fund, Japan, University of Tokyo, Honda, Honda Motor Co, Panasonic Corp, Japan Inc Locations: — Japan, Japan, Germany, India, U.S
TOKYO (AP) — Nintendo reported healthy sales and profits on the back of the hit “Super Mario Bros. Wonder” game, prompting the Japanese video game maker to raise its full fiscal year forecasts. Kyoto-based Nintendo Co. said Tuesday that demand for what it called the first completely new Super Mario game in the series remained strong. More than 10.7 million units of the latest Super Mario game have been sold around the world since it went on sale in October, according to Nintendo. Nintendo, which did not break down quarterly numbers, expects a full year profit of 440 billion yen ($3 billion), up from an earlier projection for a 420 billion yen ($2.8 billion) profit. The Super Nintendo World park is set to open next year in Florida.
Persons: Mario, , “ Mario, Kong, Peach, ___ Yuri Kageyama Organizations: TOKYO, — Nintendo, Nintendo Co, Nintendo, U.S, Universal Studios Locations: Kyoto, Japan, Florida
TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer. In April, a whistleblower exposed that Daihatsu Motor Corp., which makes small cars and is 100% owned by Toyota, had been cheating on its testing for decades. In 2022, Hino Motors, a truck maker that’s also part of the Toyota group, said it had systematically falsified emissions data dating back as far as 2003. But production has been halted on some of the models, including the 10 models affected by the latest cheating. Sato has acknowledged Toyota group companies need better communication and education about the importance of complying with rules.
Persons: Akio Toyoda, ” Toyoda, Toyoda, Sakichi Toyoda, Kiichiro Toyoda, Akio’s, Koji Sato, that’s, Sato, Daisuke Uchida, ” Uchida, , ” ___ Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Toyota Industries Corp, Lexus, Volkswagen AG, Reporters, Daihatsu Motor Corp, Hino Motors, Nikkei, Toyota Industries, Cruiser, General Motors Co, Pontiac, Keio University Locations: Hekinan, Aichi Prefecture, Japan, Nagoya, Tokyo, Europe, East, Africa, Asia, North America, United States, California
The latest craze in Japan: The pig café. Very relaxing and enjoyable,” said Brad Loomis, a software engineer from Pullman, Washington, after visiting Tokyo’s Mipig Café with his 21-year-old daughter, Paige. Customers pay 2,200 yen ($15) for the first 30 minutes in the company of the pigs. The Mipig Café in fashionable Harajuku is among 10 such pig cafes the operator has opened around Japan. The animals, known as “micro pigs,” don’t get bigger than a corgi dog, even as adults.
Persons: cafés, lattes, , Brad Loomis, Tokyo’s Mipig, Paige, Shiho Kitagawa, Ben Russell, Sophie Mo’unga, Sachiko Azuma, Azuma, Bruce Kornreich, I’m, Kornreich, ” Paige Loomis, ___ Yuri Kageyama Organizations: TOKYO, , corgi, Cornell University's College of Veterinary Medicine, Cornell Feline Health Center Locations: Japan, Pullman , Washington, Tokyo, Mipig, Kyoto, New Zealand, Ithaca, N.Y
TOKYO (AP) — Toyota chief Koji Sato apologized Monday to customers, suppliers and dealers for flawed testing at a group company, following a series of similar problems in recent years. The apology came a day before Chairman Akio Toyoda is to announce a “global vision” for the Toyota Motor Corp. group. The latest woes at Japan’s top automaker involve testing required for Japanese government approval at Toyota Industries Corp., which makes diesel engines. In 2022, Hino Motors, a truck maker that’s also part of the Toyota group, said it had systematically falsified emissions data dating back as far as 2003. They include the Land Cruiser and Hilux sport utility vehicles, according to Toyota.
Persons: , Koji Sato, Akio Toyoda, ” Sato, , that’s, Sato, , Yuri Kageyama Organizations: TOKYO, — Toyota, Toyota Motor Corp, Toyota Industries Corp, Toyota, , Daihatsu Motor Corp, Hino Motors, Cruiser Locations: Tokyo, Japan, Europe, East, Africa, Asia, North America
Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was “impacting everyone and something we’re very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was “only mildly impacted by the transit challenges in the Red Sea."
Persons: What’s, Ryan Petersen, Petersen, It’s, Clifton Broumand, Broumand, , , , it’s, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, it's, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti, ____ Anderson, Kelvin Chan, Anne D'Innocenzio, Yuri Kageyama, Tom Krisher, David McHugh Organizations: WASHINGTON, , Hamas, Machine, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer, Free People, AP Business Locations: Belgium, Germany, British, Maryland, Asia, Ukraine, Yemen, Gaza, Europe, United States, Suez, Africa, , Panama, Greater Landover , Maryland, Taiwan, China, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India, New York, London, Tokyo, Detroit, Frankfurt
TOKYO (AP) — A Japanese automaker that cheated on safety tests for decades said Monday it doesn't expect to resume shipping cars any time soon. The Japanese government ordered a subsidiary of Toyota to halt production of its entire lineup after reports of faked safety test results emerged last year. The Daihatsu Motor Co. skipped mandatory safety tests by copying data from testing on one side of cars to the other, and used timers to ensure airbags went off in tests, a review found. An investigation including third-party experts found 174 cases of faked tests affecting dozens of models, including cars sold under the Toyota Motor Corp. nameplate. The review found that cheating went back 30 years.
Persons: , Keita Ide, Soichiro Okudaira, truckmaker Hino, Akio Toyoda, Toyota’s, ” ___ Yuri Kageyama Organizations: TOKYO, Toyota, Daihatsu, Co, Toyota Motor Corp, Toyota Industries Corp
TOKYO (AP) — Asian shares traded mixed Thursday as pessimism spread among investors about any imminent interest rate cut in the United States. Wall Street slipped following another signal that it may have gotten too optimistic about when the Federal Reserve will deliver the cuts to interest rates. Yields climbed after a report showed sales at U.S. retailers were stronger in December than economists expected. Higher yields can crimp profits for companies, while also making investors less willing to pay high prices for stocks. Higher yields hurt all kinds of investments, and high-growth stocks tend to be some of the hardest hit.
Persons: Australia's, Korea's Kospi, Seng, Brent, Stan Choe, Yuri Kageyama Organizations: TOKYO, Nikkei, Shanghai, Federal Reserve, Dow Jones, Nasdaq, U.S, Treasury, Amazon, Fed, Traders, CME Group, European Central Bank, U.S . Bancorp, Sporting Goods, Spirit Airlines, JetBlue Airways, JetBlue, U.S ., AP Locations: United States, Hong, U.S, New York
TOKYO (AP) — Uniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the “Mary Poppins bag.”The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like its Round Mini Shoulder Bag. The Uniqlo bag is praised on TikTok and other social media as roomy but also light and compact. Shein, founded in China but now based in Singapore, did not immediately respond to a request for comment. The lawsuit was filed in Tokyo District Court on Dec. 28 by Tokyo-based Fast Retailing Co., which operates Uniqlo stores. Uniqlo, which has nearly 2,500 stores in 26 global markets, is behind hit affordable casual clothing like HeatTech thermal underwear.
Persons: , Mary Poppins, Shein, Julie Andrews, Uniqlo, Yuri Kageyama Organizations: TOKYO, Court, Roadget, Shein Locations: China, Singapore, Tokyo, Shein Japan, Japan, U.S
TOKYO (AP) — Asian shares were trading mostly lower on Wednesday after a decline overnight on Wall Street, while Tokyo's main benchmark momentarily hit another 30-year high. S&P 500 futures fell 0.5% to 4,775.25. Companies across the S&P 500 are likely to report meager growth in profits for the fourth quarter from a year earlier, if any, if Wall Street analysts' forecasts are to be believed. But optimism is higher for 2024, where analysts are forecasting a strong 11.8% growth in earnings per share for S&P 500 companies, according to FactSet. The index remains within 0.6% of its all-time high set two years agoFor now, traders are penciling in many more cuts to rates through 2024 than the Fed itself has indicated.
Persons: Australia's, Korea's Kospi, Stephen Innes, Brent, Stan Choe, Yuri Kageyama Organizations: TOKYO, Dow, Nikkei, Companies, Wall, Federal Reserve, Fed, U.S, AP Locations: Hong, Shanghai, New York
TOKYO (AP) — Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday. The move is estimated to raise about 290 billion yen ($2 billion), given recent share prices. Toyota affiliates, Toyota Industries and Aisin, are also selling a portion of their Denso shares, officials said. Toyota officials have acknowledged they have fallen behind in the industry shift toward electric vehicles, and they have been aggressively playing catch-up. Toyota officials hinted other such offers may be in the works but declined to give specifics.
Persons: , Masahiro Yamamoto, Yamamoto, Yamamato, Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Denso Corp, Toyota Industries, Lexus, KDDI Corp
TOKYO (AP) — Asian shares retreated Monday as investors awaited updates on consumer spending and inflation in the U.S. and other nations. While analysts expect them to stand pat on policy, attention remains relatively high, given concerns about inflation. Wall Street ended last week mixed with a half-day trading session that capped a fourth straight winning week. The holiday shopping season kicked off with Black Friday amid concerns that spending may slow under pressure from dwindling savings, rising credit card debt and inflation. The major stock indexes’ latest weekly gains reflect a turnaround in the market’s sentiment in November following a three-month slide.
Persons: ” Yeap Jun Rong, Hong, Hang Seng, Brent, Yuri Kageyama Organizations: TOKYO, Nikkei, IG, Shanghai, Reserve Bank of New, Bank of Korea, Bank of, Black, Dow Jones, Nasdaq, Nvidia, Google, CF Industries, Federal Reserve, Treasury, Benchmark, New York Mercantile Exchange, U.S Locations: U.S, China, Reserve Bank of New Zealand, Bank of Thailand
TOKYO (AP) — Japan’s economy slipped into a contraction in the third quarter, decreasing at an annual pace of 2.1% as consumption and investments shrank, the government reported Wednesday. The third quarter's performance was far worse than what had been expected, according to the financial services company ING, which had forecast an annual contraction of 0.5%. Political Cartoons View All 1247 ImagesPrivate consumption shrank an annualized 0.2% during the quarter, while corporate investment decreased 2.5%. Economic activity in the previous two quarters got a boost from recovering exports and inbound tourism. Public demand, which includes government spending, rose at an annual pace of 0.6% in the latest quarter.
Persons: ” Robert Carnell, ING's, Fumio Kishida, ___ Yuri Kageyama Organizations: TOKYO, ING, Auto, Bank of Japan Locations: Asia, Pacific, Japan
Tokyo-based Sony Corp.’s quarterly profit totaled 200 billion yen ($1.3 billion), down from 282 billion yen a year earlier. Quarterly sales rose 11% to 2.7 trillion yen ($18 billion), with gains in video games, image sensor and music operations and weakness in its financial and entertainment technology services. A deal was reached late Wednesday, ending the longest strike ever for film and television actors. Sony raised its full year profit forecast to 880 billion yen ($5.8 billion) from an earlier projection for an 860 billion yen ($5.7) profit. That’s lower than the profit recorded the previous year at 1 trillion yen.
Persons: , Travis Scott, Harry Styles, ___ Yuri Kageyama Organizations: TOKYO, Sony Corp, Sony, Screen, American Federation of Television, Radio Artists, PlayStation Locations: Tokyo
TOKYO (AP) — Nintendo is developing a live-action film based on its hit video game “The Legend of Zelda,” the Japanese company behind the Super Mario franchise said Wednesday. It’s being co-produced by Nintendo and Arad Productions Inc., which is behind the live-action Spider-Man films and headed by Avi Arad. Its animation film “The Super Mario Bros. Movie,” released earlier this year, has raked in more than $1.3 billion and drew nearly 170 million people worldwide. Political Cartoons View All 1237 ImagesThe planned release date of the Zelda movie was not announced. Nintendo officials said the success of the Super Mario film has translated into bigger sales for its Switch machines, as well as for game software with Super Mario themes.
Persons: Zelda, , Wes Ball, It’s, Avi Arad, Mario, Shuntaro Furukawa, Shigeru Miyamoto, , Miyamoto, Donkey Kong, ___ Yuri Kageyama Organizations: TOKYO, Nintendo, Super Mario, Sony Pictures Entertainment, Arad Productions Inc, Mario Bros, Universal Studios Locations: American, Kyoto, U.S, Hollywood, Orlando, Japan
April-September profit at Nintendo Co., which didn’t break down quarterly results, totaled nearly 271.3 billion yen ($1.8 billion), up from 230 billion yen a year earlier. Sales surged 21% to 796 billion yen ($5.3 billion). Ahead of the holidays, Nintendo is planning to release the “Super Mario RPG” game software and Pokemon games. Nintendo, based in Kyoto, started selling “Super Mario Bros. Wonder” last month, as the first totally new Super Mario series game played in side-scrolling mode in more than a decade. Nintendo raised its full fiscal year profit forecast to 420 billion yen ($2.8 billion) from the 340 billion yen ($2.3 billion) estimate it gave in May.
Persons: Mario, “ Mario, Zelda, , it’s, ___ Yuri Kageyama Organizations: TOKYO, — Nintendo, Nintendo Co, Nintendo, Mario Bros, “ Mario Kart, U.S Locations: , Kyoto
TOKYO (AP) — Godzilla, the nightmarish radiation spewing monster born out of nuclear weapons, has stomped through many movies, including several Hollywood remakes. It was a mood that fit his supernatural “very Japanese” Godzilla, Yamazaki said at the Tokyo International Film Festival, where “Godzilla Minus One” is the closing film. That helped inspire the last Japanese Godzilla, the 2016 “Shin Godzilla,” directed by Hideaki Anno and Shinji Higuchi. Toho studios hadn’t made a Godzilla film since 2004. But what he really wants to make is a “Star Wars” film.
Persons: Takashi Yamazaki, Ishiro Honda, , Yamazaki, it’s, , Kamiki, “ Gojira, Gareth Edwards ’, Shin, Hideaki Anno, Shinji Higuchi, hadn’t, Juzo Itami, Oscar, Steven Spielberg’s “, George Lucas, ’ ”, ___ Yuri Kageyama Organizations: TOKYO, Hollywood, Tokyo, Associated Press, Toho, Locations: Pacific, Japan, Ukraine, Tokyo
TOKYO (AP) — Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. Toyota Motor Corp. reported Wednesday 1.28 trillion yen ($8.5 billion) in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24% to 11.43 trillion yen ($75.7 billion) from 9.22 trillion yen. Political Cartoons View All 1227 ImagesToyota is expecting its vehicle sales to grow in most major regions, officials said. A shortage of computer chips caused by the social restrictions of the coronavirus pandemic had previously slammed the supply chain and hurt Toyota sales.
Persons: , Hannah Schoenbaum, Yuri Kageyama Organizations: TOKYO, Toyota Motor Corp, Toyota, U.S, Camry, Lexus, Tesla, Vehicles Locations: U.S, Europe, Japan, Asia, China, North Carolina, Greensboro, North America, Kentucky, Raleigh, N.C
TOKYO (AP) — Trade and economy officials from the Group of Seven wealthy democracies strengthened their pledge Sunday to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties. Political Cartoons View All 1223 ImagesThe G-7 includes the U.S., Canada, France, Germany, Italy, Japan and Britain. Trade is one sector where growing political tensions with China have been playing out, although China was not directly mentioned in the meetings. Yasutoshi Nishimura, the Japanese minister in charge of trade and the economy, said G-7 nations expressed support and understanding for Japan’s position, stressing the safety of Japanese food based on scientific evidence, including that from Fukushima. Nishimura also said the guest nations that took part in the G-7 meeting, including Australia and India, were potentially powerful allies in strengthening the supply chain in valuable materials.
Persons: Yoko Kamikawa, , , Yasutoshi Nishimura, Nishimura, Kamikawa, Katherine Tai, ___ Yuri Kageyama Organizations: TOKYO, , European Union, World Trade Organization, , EU, U.S . Trade Locations: Osaka, Ukraine, Israel, Canada, France, Germany, Italy, Japan, Britain, Australia, Chile, India, Indonesia, Kenya, China, Hiroshima, Fukushima
It’s a message ringing clear at the Tokyo Mobility Show, which will run through Nov. 5 at Tokyo Big Sight hall and where battery-powered electric vehicles are the star at practically every booth. Toyota Motor Corp.’s lean angular Lexus concept, set to go on sale in 2026, is an electric vehicle running on lithium-ion batteries. That is partly because of Toyota’s past success in hybrids, exemplified in the Prius, which have a gasoline engine in addition to an electric motor. In China, a third of vehicles sold are EVs. Nissan, an early EV maker among the Japanese with its Leaf going on sale in 2010, is showcasing four EV concept cars.
Persons: , ” Takero Kato, China's BYD, Kato, Tesla, EVs, Joe Biden, BYD, ” Kato, Joshua Cobb, , Cobb, Alfonoso Albaisa, ” Albaisa, De Souza, , John de Souza, ___ Yuri Kageyama Organizations: TOKYO, Toyota, Tokyo Mobility, Mazda Motor Corp, Honda Motor, Toyota Motor Corp, Journalists, General Motors Co, Ford Motor Co, Benz, Subaru, Lexus, International Energy Agency, BMI, SAIC, GM, EV, Nissan, , Manufacturers, Mitsubishi Fuso, Daimler, Mitsubishi Locations: Tokyo, Japan, U.S, China, San Francisco
TOKYO (AP) — An executive at Japanese publishing house Kadokawa was found guilty Tuesday of bribing a former Tokyo Olympics organizing committee member. Toshiyuki Yoshihara, charged with paying 69 million yen ($463,000) to Haruyuki Takahashi, was given a two-year prison sentence, suspended for four years. The punishment was suspended because Yoshihara had expressed remorse, and his wife had promised to watch over him, Nakao said. At the center of the scandal is Takahashi, a former executive at advertising company Dentsu, who joined the Tokyo Olympic organizing committee in 2014, and had great influence in arranging sponsorships for the Games. Maniwa, accused of depositing the money to Takahashi’s account, was given a suspended sentence in June.
Persons: Toshiyuki Yoshihara, Haruyuki Takahashi, Yoshihisa Nakao, Yoshihara, Kadokawa, ” Nakao, Nakao, , , denting, Yasuhiro Yamashita, Takahashi, Sun, Kyoji Maniwa, Maniwa, Hironori Aoki, Shinichi Ueno, Yuri Kageyama Organizations: TOKYO, Kadokawa, Tokyo Olympics, Tokyo Games, Kadokawa Group, Japanese Olympic, Tokyo Olympic, Games, Aoki Holdings, Daiko, Inc, Paris Locations: Tokyo, Japan, Sapporo, paris
TOKYO (AP) — The Japanese entertainment company that has acknowledged its founder sexually assaulted hundreds of boys over the span of half a century, took a new name on Monday: Smile-Up. Higashiyama, tapped last month to head the old Johnny’s, will now be president of both Smile-Up and the new company. “All things with the Johnny’s name will have to go,” Higashiyama told reporters at a Tokyo hotel. Payments will begin next month, Higashiyama said. That causes great pain to the victims,” said Junya Hiramoto, who heads a group of Johnny’s victims.
Persons: Noriyuki Higashiyama, Johnny’s, ” Higashiyama, , Johnny Kitagawa, Higashiyama, Kitagawa’s, Julie Keiko Fujishima, Fujishima, , Mary, Kitagawa, Johnny, Yoshihito Kawakami, Junya Hiramoto, Yuri Kageyama Organizations: TOKYO, Johnny, Associates, Johnny’s, BBC, Johnny & Associates, Associated Press Locations: Tokyo, Johnny’s, Japan
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