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US: Airport Fire Expands In Southern California, Destroys Homes 3

Airport Fire burning in Orange and Riverside Counties, Southern California has grown to more than 23,000 acres as of Wednesday morning, September 11. The fire injured at least seven people and destroyed homes.

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Cryptocurrency hack in Japan

TOKYO, Japan, Jan. 28 Kyodo - Koichiro Wada (L), president of cryptocurrency exchange Coincheck, and Yusuke Otsuka, the company's chief operating officer, bow in apology at a press conference in Tokyo on Jan. 26, 2018, after around 58 billion yen ($534 million) of the NEM cryptocurrency disappeared due to hacking.

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Panasonic vows 1 tril. yen investment toward FY 2018 sales goal

TOKYO, March 26 Kyodo - Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's business plan for the fiscal year through March 2016 in Tokyo on March 26, 2015. Tsuga said Panasonic Corp. will spend 1 trillion yen ($844 billion) to carry out "strategic investment" projects centering on mergers and acquisitions, to increase annual sales to 10 trillion yen by fiscal 2018.

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Sharp to log losses over business reforms in Europe

OSAKA, Japan - Tetsuo Onishi, executive vice president of Sharp Corp., answers reporters' questions after a press conference in Osaka on Sept. 26, 2014. The company said it will post at least 6.4 billion yen in charges during the current business year to reorganize its business operations in Europe.

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NEC to raise 130 bil. yen from banks

TOKYO, Japan - Nobuhiro Endo, president of NEC Corp., holds a press conference in Tokyo on April 26, 2013. NEC said the same day it will raise a total of 130 billion yen from banks including Sumitomo Mitsui Banking Corp. and the Development Bank of Japan to improve its financial standing.

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MRI International

TOKYO, Japan - Photo shows the building housing MRI International Inc.'s Japan office in Tokyo on April 26, 2013. The U.S. asset management firm is suspected of mishandling funds invested by thousands of Japanese clients, resulting in losses totaling more than 130 billion yen, sources familiar with the matter said April 26. The Securities and Exchange Surveillance Commission raided the Tokyo office of the Nevada-based company and other related locations that afternoon.

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Buddhist group to acquire pro-Pyongyang group's office

FUJISAWA, Japan - Ekan Ikeguchi, leader of Saifuku temple, answers reporters' questions concerning the temple's planned acquisition of the Tokyo headquarters of a pro-Pyongyang group, in Fujisawa, Kanagawa Prefecture, on March 26, 2013. Ikeguchi said he was asked by a senior North Korean official to maintain the Chongryon headquarters and that his temple plans to lease the building to the group. The government-backed Resolution and Collection Corp. put the premises out to tender to recoup loans of around 62.7 billion yen, and the temple based in Kagoshima Prefecture offered 4.5 billion yen, the highest among four bidders.

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Japan, India agree on 220 bil. yen in aid

TOKYO, Japan - Japanese Foreign Minister Fumio Kishida (R) and his Indian counterpart Salman Khurshid hold a press conference in Tokyo on March 26, 2013. They agreed at a meeting the same day on 220 billion yen in aid for infrastructure building in the South Asian country.

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Japan, India agree on 220 bil. yen in aid

TOKYO, Japan - Japanese Foreign Minister Fumio Kishida (R) and his Indian counterpart Salman Khurshid shake hands ahead of their talks in Tokyo on March 26, 2013. They agreed on 220 billion yen in aid for infrastructure building in the South Asian country.

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Japan's Diet enacts FY 2012 extra budget

TOKYO, Japan - Prime Minister Shinzo Abe bows at a plenary session of the House of Councillors in Tokyo on Feb. 26, 2013, after Japan's parliament enacted a 13.1 trillion yen ($140.7 billion) supplementary budget for fiscal 2012. To the left is Finance Minister Taro Aso.

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Toyota Tsusho to acquire French trading house CFAO

NAGOYA, Japan - Jun Karube, president of Toyota Tsusho Corp., speaks at a press conference in Nagoya on July 26, 2012. Toyota Tsusho, a trading house in the Toyota Motor group, said the same day it will seek to acquire a controlling stake in CFAO SA, a French trading house dealing in automobiles and medicines in African countries, by investing more than 100 billion yen.

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Nomura reports sharp drop in group net profit for April-June

TOKYO, Japan - Junko Nakagawa (L), chief financial officer of Nomura Holdings Inc., speaks during a press conference at the Tokyo Stock Exchange in Tokyo on July 26, 2012. The parent company of Nomura Securities Co., Japan's largest securities house, said the same day its group net profit in the April-June quarter fell 89.4 percent from a year before to 1.89 billion yen, dragged down by a fall in commission revenue and its sluggish wholesale division amid the European debt crisis.

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Nissan aims to double sales in China

BEIJING, China - Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn speaks at a press conference in Beijing on July 26, 2011, to announce the automaker's new five-year business plan for China. Nissan plans to spend 610 billion yen to nearly double its output in China to 2.3 million vehicles by 2015, from 1.3 million in 2010.

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Nissan aims to double sales in China

BEIJING, China - Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn speaks at a press conference in Beijing on July 26, 2011, to announce the automaker's new five-year business plan for China. Nissan plans to spend 610 billion yen to nearly double its output in China to 2.3 million vehicles by 2015, from 1.3 million in 2010.

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JAL April-Dec. net loss expands

TOKYO, Japan - Norikazu Saito (L), executive officer of bankrupt Japan Airlines Corp., speaks at a press conference at the transport ministry on Feb. 26, 2010. The failed company's group net loss in the April-December period expanded to 177.98 billion yen from a year-earlier loss of 1.92 billion yen.

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SDF officer speaks during budgetary discussion

TOKYO, Japan - A Ground Self-Defense Force officer speaks during a government-led budgetary waste-cutting session in Tokyo on Nov. 26, 2009. The panel rejected a 7.2 billion yen request by the Defense Ministry for fiscal 2010 to increase the number of Self-Defense Forces personnel.

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Pioneer to raise 2.5 bil. yen through rights issue to Honda

TOKYO, Japan - Pioneer Corp. President Susumu Kotani speaks at a news conference in Tokyo on April 28, saying his company will raise 2.5 billion yen (around $26 million) by issuing shares to Honda Motor Co. to secure funds to turn around its business amid a severe sales slump due to the global economic downturn.

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Pioneer to raise 2.5 bil. yen through rights issue to Honda

TOKYO, Japan - Pioneer Corp. President Susumu Kotani told a news conference in Tokyo on April 28 that his company will raise 2.5 billion yen (around $26 million) by issuing shares to Honda Motor Co. to secure funds to turn around its business amid a severe sales slump due to the global economic downturn.

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Sogo flagship store in Osaka to be sold to J. Front

TOKYO, Japan - This file photo shows Daimaru department store (front) and Sogo department store (in back) in Osaka's Chuo Ward. Seven & I Holdings Co. said Feb. 26 that it will sell the Osaka flagship store of its group department store operator Sogo Co. to Daimaru Inc., a unit of J. Front Retailing Co., for 37.91 billion yen.

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Consumers' annual losses estimated at 3.4 tril. yen in Japan

TOKYO, Japan - Japan's state minister for consumer affairs Seiko Noda speaks during a news conference in Tokyo on Dec. 26. The government earlier in the day estimated consumers' losses from vicious business practices in Japan at 3,392.2 billion yen in fiscal 2007.

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NTT Docomo to buy 26% stake in India's Tata Teleservices

TOKYO, Japan - Takamochi Yamada (R), president of Japan's largest mobile phone carrier NTT Docomo Inc., and Anil Sardana, managing director of Indian mobile operator Tata Teleservices Ltd., shake hands during a press conference in Tokyo on Nov. 12. They announced that NTT Docomo will acquire a 26 percent stake in Tata Teleservices for 130.7 billion rupees, or about 264 billion yen.

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Assembly panel OKs 40 bil. yen injection for Shinginko Tokyo

TOKYO, Japan - Tokyo Gov. Shintaro Ishihara responds to questions from reporters March 26. A budget panel of the Tokyo metropolitan assembly approved the same day a controversial plan to invest an additional 40 billion yen in Shinginko Tokyo, a bank launched by the metropolitan government in April 2005 on the initiative of Ishihara.

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Nintendo group net profit for FY 2006 surges 77%

OSAKA, Japan - Nintendo Co. President Satoru Iwata speaks about the company's earnings report for fiscal 2006 and business prospects for fiscal 2007 at a news conference in Osaka on April 26. Nintendo's group net profit surged 77.2 percent from the previous year to 174.29 billion yen on sales of 966.53 billion yen, up 89.8 percent, as its game consoles and software titles sold well.

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GE to buy Sanyo Electric Credit for 135 bil. yen

TOKYO, Japan - Sanyo Electric Credit Co. President Shoichi Oshima (R) speaks as GE Commercial Finance Asia CEO John Flannery looks on at a press conference in Osaka on March 23. General Electric Co. will launch a friendly takeover bid for Sanyo Electric Credit on March 26 to make it a wholly owned subsidiary for about 135 billion yen, Sanyo Electric Credit said.

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Yankees win negotiating rights for Igawa: Tigers

OSAKA, Japan - Hanshin Tigers left-hander Kei Igawa smiles during a press conference at a hotel in Osaka on Nov. 29 after the New York Yankees have won the right to negotiate with him for $26 million (3 billion yen).

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Yankees win negotiating rights for Igawa: Tigers

OSAKA, Japan - Toshihiro Makita (L), president of the Central League baseball club Hanshin Tigers, and the team's left-hander Kei Igawa shake hands after a press conference at a hotel in Osaka on Nov. 29. The team announced that the New York Yankees have won the right to negotiate with Igawa for $26 million (3 billion yen).

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Nissan sees 1st operating profit fall in 8 yrs on slack sales

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn answers a media question at a press conference in Tokyo on Oct. 26. The company said its group operating profit in the first half of fiscal 2006 fell 15.3 percent from a year before to 348.65 billion yen on sluggish sales, marking the first such profit fall since 1998, before Ghosn took the automaker's helm.

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Online mall operator Rakuten hikes stake in TBS to 19.09%

TOKYO, Japan - Hiroshi Mikitani, president of Internet shopping mall operator Rakuten Inc., speaks at a news conference at a Tokyo hotel on Oct. 26. He said his firm spent 111 billion yen to raise its stake in Tokyo Broadcasting System Inc. to 19.09 percent.

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Nagoya court orders China Airlines to pay 5 bil. yen

NAGOYA, Japan - Plaintiffs enter the Nagoya District Court in Nagoya on Dec. 26. The court ordered Taiwan's China Airlines to pay 5 billion yen in compensation over the 1994 airplane crash at Nagoya airport that killed 264 passengers.

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(3)Huis Ten Bosch theme park files for bankruptcy

SASEBO, Japan - Huis Ten Bosch Co. President Michitake Moriyama (R) bows at a news conference in Sasebo, Nagasaki Prefecture, on Feb. 26. The company, which operates the Huis Ten Bosch theme park in Sasebo with estimated liabilities of 228.9 billion yen at the end of last year, applied for bankruptcy at the Sasebo branch of the Nagasaki District Court under the Corporate Rehabilitation Law.

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Retailer Iwataya to seek 28 bil. yen debt waiver

FUKUOKA, Japan - Kenichi Nakamuta, president of Iwataya Department Store Co., speaks at a press conference in Fukuoka on Feb. 26 about the company's three-year restructuring program. Under the program, Iwataya will seek a debt waiver of about 28 billion yen from its main creditor banks.

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Retailer Iwataya to seek 28 bil. yen debt waiver

FUKUOKA, Japan - Fukuoka-based Iwataya Department Store Co. (photo), announces on Feb. 26 a three-year rehabilitation plan, under which it will seek a debt waiver of about 28 billion yen from its main creditor banks and will aim to restructure under the umbrella of major department store chain operator Isetan Co.

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Miyazaki animation marks Japanese box-office record

TOKYO, Japan - Innovative animation director Hayao Miyazaki is all smiles at a news conference in Tokyo on Nov. 13, 2001 after he scored a Japanese box-office record with his latest film. Miyazaki's animated movie ''Sen to Chihiro no Kamikakushi'' (Spirited Away) has set a new box-office record in the 114 days since its release on July 20, with about 20.15 million spectators and revenue of 26 billion yen.

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Toshiba group posts interim net, pretax losses

TOKYO, Japan - Toshiba Corp. President Tadashi Okamura said at a news conference Oct. 26 at the Tokyo Stock Exchange that the company suffered a consolidated net loss of 123.14 billion yen in the April-September period for its first fiscal half-year loss in two years. Toshiba blamed declining profitability in the electronic devices and components business, particularly in semiconductors, for the losses.

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Japan envoy meets Pakistani foreign minister

ISLAMABAD, Pakistan - Japanese Senior Vice Foreign Minister Seiken Sugiura (R) meets Pakistan's Foreign Minister Abdus Sattar (L) in Islamabad on Sept. 26. Sugiura is expected to outline details of Japan's decision to provide Pakistan with 4.7 billion yen in emergency grant aid to help the country support the U.S.-led retaliation against the terrorists behind the Sept. 11 terror attacks in the United States.

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Hikari Tsushin's Shigeta gives up post at Softbank

TOKYO, Japan - The file photo shows Hikari Tsushin Inc. President Yasumitsu Shigeta, who resigned April 26 as outside director at Softbank Corp. in order to concentrate on running his own company. Hikari Tsushin anticipates a loss of 11.60 billion yen for the current business year through Aug. 31, instead of the profit of 8.0 billion yen it projected last August.

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Sogo reports big capital deficit

TOKYO, Japan - The photo shows Kyoichi Yamada (R), president of financially beleaguered department store Sogo Co., announcing at a news conference at the Tokyo Stock Exchange on April 26 that its capital deficit increased sharply to about 580 billion yen at the end of the 1999 business year. Yamada and all other top management will step down when the company's rehabilitation gets fully on track.

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Japan PM Kishida meets press on emergency economic package

Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on April 26, 2022, after the government compiled a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the impact on households and smaller firms of rising prices, partly blamed on Russia's invasion of Ukraine.

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Japan PM Kishida meets press on emergency economic package

Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on April 26, 2022, after the government compiled a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the impact on households and smaller firms of rising prices, partly blamed on Russia's invasion of Ukraine.

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Japan PM Kishida meets press on emergency economic package

Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on April 26, 2022, after the government compiled a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the impact on households and smaller firms of rising prices, partly blamed on Russia's invasion of Ukraine.

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Japan PM Kishida meets press on emergency economic package

Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on April 26, 2022, after the government compiled a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the impact on households and smaller firms of rising prices, partly blamed on Russia's invasion of Ukraine.

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Japan PM Kishida meets press on emergency economic package

Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on April 26, 2022, after the government compiled a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the impact on households and smaller firms of rising prices, partly blamed on Russia's invasion of Ukraine.

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Japan PM Kishida meets press on emergency economic package

Japanese Prime Minister Fumio Kishida speaks at a press conference in Tokyo on April 26, 2022, after the government compiled a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the impact on households and smaller firms of rising prices, partly blamed on Russia's invasion of Ukraine.

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Japan Cabinet approves record 36 tril. yen extra budget

Japanese Prime Minister Fumio Kishida (C) prepares to attend an extraordinary Cabinet meeting in Tokyo on Nov. 26, 2021, to approve a record 36.0 trillion yen ($314 billion) supplementary budget for fiscal 2021.

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Miyazaki animation marks Japanese box-office record

TOKYO, Japan - Innovative animation director Hayao Miyazaki is all smiles at a news conference in Tokyo on Nov. 13, 2001 after he scored a Japanese box-office record with his latest film. Miyazaki's animated movie ''Sen to Chihiro no Kamikakushi'' (Spirited Away) has set a new box-office record in the 114 days since its release on July 20, with about 20.15 million spectators and revenue of 26 billion yen.

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Online mall operator Rakuten hikes stake in TBS to 19.09%

TOKYO, Japan - Hiroshi Mikitani, president of Internet shopping mall operator Rakuten Inc., speaks at a news conference at a Tokyo hotel on Oct. 26. He said his firm spent 111 billion yen to raise its stake in Tokyo Broadcasting System Inc. to 19.09 percent. (Kyodo)

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Nissan sees 1st operating profit fall in 8 yrs on slack sales

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn answers a media question at a press conference in Tokyo on Oct. 26. The company said its group operating profit in the first half of fiscal 2006 fell 15.3 percent from a year before to 348.65 billion yen on sluggish sales, marking the first such profit fall since 1998, before Ghosn took the automaker's helm. (Kyodo)

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GE to buy Sanyo Electric Credit for 135 bil. yen

TOKYO, Japan - Sanyo Electric Credit Co. President Shoichi Oshima (R) speaks as GE Commercial Finance Asia CEO John Flannery looks on at a press conference in Osaka on March 23. General Electric Co. will launch a friendly takeover bid for Sanyo Electric Credit on March 26 to make it a wholly owned subsidiary for about 135 billion yen, Sanyo Electric Credit said. (Kyodo)

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Nintendo group net profit for FY 2006 surges 77%

OSAKA, Japan - Nintendo Co. President Satoru Iwata speaks about the company's earnings report for fiscal 2006 and business prospects for fiscal 2007 at a news conference in Osaka on April 26. Nintendo's group net profit surged 77.2 percent from the previous year to 174.29 billion yen on sales of 966.53 billion yen, up 89.8 percent, as its game consoles and software titles sold well. (Kyodo)

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Assembly panel OKs 40 bil. yen injection for Shinginko Tokyo

TOKYO, Japan - Tokyo Gov. Shintaro Ishihara responds to questions from reporters March 26. A budget panel of the Tokyo metropolitan assembly approved the same day a controversial plan to invest an additional 40 billion yen in Shinginko Tokyo, a bank launched by the metropolitan government in April 2005 on the initiative of Ishihara. (Kyodo)