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Watchdog accuses bank of sharing info with brokerage affiliates

Photo taken on June 7, 2024, shows Mitsubishi UFJ Financial Group Inc.'s headquarters in Tokyo. Japan's securities watchdog is expected to call for the Financial Services Agency to punish a bank and two brokerage firms operating under the group over allegations they shared confidential information about client companies without obtaining permission.

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Türkiye, China look to expand cooperation at economic forum

STORY: Türkiye, China look to expand cooperation at economic forum SHOOTING TIME: April 18, 2024 DATELINE: April 19, 2024 LENGTH: 00:01:39 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of the economic forum STORYLINE: The 6th Türkiye-China Economic Forum opened here on Thursday with representatives exploring ways to promote bilateral trade ties and expand cooperation in more fields. Chinese Ambassador to Türkiye Liu Shaobin and business representatives from both countries, including Chinese tech firms Huawei and Xiaomi, attended the event hosted by Istanbul-based Okan University. In his address to the forum, Liu said the two countries have seen growing bilateral economic and trade ties in recent years, showing great potential in the fields of digital economy, green economy, and new energy. Korhan Kurdoglu, head of the China Working Group at the Turkish Industry and Business Association (TUSIAD), said Türkiye welcomes more investments from China, especially those that can deepen c

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US: Strong Winter Storm Brings Blizzard Conditions To Sierra Nevada 3

A strong winter storm hit the Sierra Nevada on Friday, March 1, bringing heavy snow and high winds. Blizzard Warnings were issued for the area, including Lake Tahoe and eastern Nevada. The Sierra Avalanche Center warned that the danger of avalanches was high. Yosemite National Park and many ski resorts in the region announced they were closing at least for the day.

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SoftBank unit and others develop humanoid robot

TOKYO, Japan, April 26 Kyodo - Combined photo taken in Saitama Prefecture on April 24, 2018, shows a prototype of a humanoid robot transforming from a two-seater vehicle (top) to a humanoid robot (bottom). The robot, to be used in amusement parks, was developed by Asratec Corp., a SoftBank Group Corp. subsidiary, and two other firms

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Forced labor lawsuit against Japanese firms

BEIJING, China - Photo taken in February 2014 in front of the Beijing No. 1 Intermediate People's Court shows a group of Chinese who filed a lawsuit against Mitsubishi Materials Corp. and Nippon Coke & Engineering Co., formerly known as Mitsui Mining Co., seeking compensation and a public apology for forced labor in Japan during World War II. The court has decided to take up the lawsuit against the two Japanese companies, a plaintiff lawyer said March 18, 2014.

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Chinese group sues Japanese firms over wartime forced labor

BEIJING, China - Kang Jian, a lawyer representing a group of 37 people suing two Japanese companies over wartime force labor, holds up a copy of charging documents during a press conference in Beijing on Feb. 26, 2014, after filing a lawsuit with the Beijing No. 1 Intermediate People's Court to seek compensation of 1 million yuan (about $163,000) for each victim of wartime forced labor in Japan.

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Chinese group sues Japanese firms over wartime forced labor

BEIJING, China - A man, one of 37 people suing two Japanese companies over wartime force labor, is surrounded by reporters in front of the No. 1 Intermediate People's Court in Beijing on Feb. 26, 2014, after filing a lawsuit with the Beijing No. 1 Intermediate People's Court to seek compensation of 1 million yuan (about $163,000) for each victim of wartime forced labor in Japan.

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Chinese group sues Japanese firms over wartime forced labor

BEIJING, China - A man, one of 37 people suing two Japanese companies over wartime force labor, is surrounded by reporters in front of the No. 1 Intermediate People's Court in Beijing on Feb. 26, 2014, after filing a lawsuit with the Beijing No. 1 Intermediate People's Court to seek compensation of 1 million yuan (about $163,000) for each victim of wartime forced labor in Japan.

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Megabank personnel shake-up

TOKYO, Japan - File photo shows Sumitomo Mitsui Banking Corp. Senior Managing Director Takeshi Kunibe (L) and Koichi Miyata, another senior managing director of the major Japanese bank. Kunibe will succeed Masayuki Oku as president of SMBC, while Miyata will replace Teisuke Kitayama as president of Sumitomo Mitsui Financial Group Inc., SMBC's holding company, on April 1, 2011, the two firms said Jan. 28, 2011.

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Major seafood firms Maruha, Nichiro to merge in October

TOKYO, Japan - Tatsuhiko Tanaka (L), president of Nichiro Corp., and Yuji Igarashi, president of Maruha Group Inc., shake hands during a press conference in Tokyo on Dec. 11. They announced that the two companies will integrate their operations under a holding company on Oct. 1, 2007.

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Nippon Shinpan to merge with UFJ Card

TOKYO, Japan - Nippon Shinpan Co. President Kazuhiro Omori (L), UFJ Bank President Masaji Teranishi (C) and UFJ Card Co. President Mitsutaka Ando pose at a news conference in Tokyo on Jan. 20 after announcing a deal to merge the two credit card firms in March 2005 or later. The deal will give the UFJ Group the largest credit card operations among the Japan's four megabanks.

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(1)Chinese group seeks apology, compensation for forced labor

NAGASAKI, Japan - A group of 10 Chinese former forced laborers and relatives of dead laborers walk to the Nagasaki District Court in Nagasaki on Nov. 28 to file a lawsuit against Japan, Nagasaki prefectural government and two Mitsubishi group firms. They are seeking apologies from the Japanese government and others 20 million yen in compensation for the hardships they sustained when forced to work at Japanese coal mines during World War II.

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(2)Chinese group seeks apology, compensation for forced labor

NAGASAKI, Japan - One of Chinese former forced laborers wipes his tears at a press conference at the Nagasaki city office in Nagasaki on Nov. 28 after they filed a lawsuit demanding Japan, Nagasaki prefectural government and two Mitsubishi group firms apologize and pay 20 million yen in compensation for their hardships sustained while they were forced to work at Japanese coal mines during World War II.

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(2)Two Mitsui firms, miners sign settlement document

FUKUOKA, Japan - Shuji Nishino (L), president of Mitsui Mining Co., and Toshihiko Jo, representative of the plaintiffs in a lawsuit, shake hands after signing a settlement document in Fukuoaka on Aug. 1. Two Mitsui group mining firms agreed to pay 8.1 billion in compensation to 465 plaintiff for causing a lung disease.

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(1)Two Mitsui firms, miners sign settlement document

FUKUOKA, Japan - Shuji Nishino (L), president of Mitsui Mining Co., and Toshihiko Jo, representative of the plaintiffs in a lawsuit, sign a settlement document in Fukuoka on Aug. 1, in which two Mitsui group mining companies agreed to pay 8.1 billion in compensation to them for causing a lung disease caused by prolonged inhalation of inorganic particles.

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Honda to set up new plant in China with 2 China firms

TOKYO, Japan - Honda Motor Co. President Hiroyuki Yoshino announces at a press conference at the company's head office in Tokyo's Minato Ward on July 10 that Honda will jointly set up a new automobile plant in Guangzhou, China, with two Chinese automakers -- Guangzhou Auto Group Corp. and Dongfeng Motor Corpto -- to produce and export its small cars.

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Tokio Marine, Asahi Mutual to mull regrouping plan

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (L) and Asahi Mutual Life Insurance Co. President Yuzuru Fujita speak at a news conference in Tokyo on Nov. 13, 2001. They said the two firms have agreed to mull plans to integrate their life insurance operations as soon as possible in line with the planned creation of the Millea Insurance Group in March 2001.

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Hitachi to spin off home appliance, industrial goods divisions

TOKYO, Japan - Hitachi Ltd. President Etsuhiko Shoyama speaks at a news conference in Tokyo on Sept. 27. He said Hitachi will spin off its home appliance and industrial equipment divisions into two new companies in April 2002 and integrate them with related group firms.

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Seagaia resort group files for bankruptcy protection

MIYAZAKI, Japan - A group of women visits Ocean Dome, part of the Seagaia resort complex in Miyazaki Prefecture, on Feb. 19. The complex is operated by the semipublic Phoenix Resort Ltd. which along with two Seagaia group firms filed for bankruptcy protection with the Miyazaki District Court the same day. A Seagaia group spokesman said the three companies' liabilities are estimated at 326.1 billion yen, making it the largest failure for a semipublic entity.

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Seagaia resort group files for bankruptcy protection

MIYAZAKI, Japan - The operators of the Seagaia resort complex in Miyazaki Prefecture, southwestern Japan, filed Feb. 19 for bankruptcy protection with the Miyazaki District Court. Phoenix Resort Ltd., a semipublic company, and two group firms filed bankruptcy petitions. The resort (seen in this October 1997 photo), which includes hotels, golf courses, a convention hall, zoo, tennis court and pool, was used as the venue for last July's Group of Eight foreign ministerial meeting.

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3 JR firms to be fully privatized

TOKYO, Japan - File photo shows the head office of East Japan Railway Co. (JR East) which the Transport Ministry plans to fully privatize along with two other JR group companies, Central Japan Railway Co. (JR Tokai) and West Japan Railway Co. (JR West).

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Tokio Marine, Asahi Mutual to mull regrouping plan

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (L) and Asahi Mutual Life Insurance Co. President Yuzuru Fujita speak at a news conference in Tokyo on Nov. 13, 2001. They said the two firms have agreed to mull plans to integrate their life insurance operations as soon as possible in line with the planned creation of the Millea Insurance Group in March 2001.

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Nippon Shinpan to merge with UFJ Card

TOKYO, Japan - Nippon Shinpan Co. President Kazuhiro Omori (L), UFJ Bank President Masaji Teranishi (C) and UFJ Card Co. President Mitsutaka Ando pose at a news conference in Tokyo on Jan. 20 after announcing a deal to merge the two credit card firms in March 2005 or later. The deal will give the UFJ Group the largest credit card operations among the Japan's four megabanks. (Kyodo)

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2 women arrested for record-high inheritance tax evasion

OSAKA, Japan - Hatsue Ri (in photo), a 64-year-old company executive, and her sister Yoshiko Ri were arrested in Osaka on March 11 on suspicion of evading about 2.86 billion yen in inheritance tax, the highest figure for a case involving inheritance tax evasion recorded in Japan. The two women are suspected of hiding about 5.93 billion yen inherited from their father, who founded a group of eight firms including real estate leasing and loan companies. (Kyodo)

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Megabank personnel shake-up

TOKYO, Japan - File photo shows Sumitomo Mitsui Banking Corp. Senior Managing Director Takeshi Kunibe (L) and Koichi Miyata, another senior managing director of the major Japanese bank. Kunibe will succeed Masayuki Oku as president of SMBC, while Miyata will replace Teisuke Kitayama as president of Sumitomo Mitsui Financial Group Inc., SMBC's holding company, on April 1, 2011, the two firms said Jan. 28, 2011. (Kyodo)

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N. Young, Will.i.am in Tokyo

TOKYO, Japan - Veteran rocker Neil Young (L) speaks during an event at the U.S. Ambassador's Residence in Tokyo on Dec. 14, 2011. Young and Will.i.am of Black Eyed Peas (R front), a popular hip hop group, expressed their desire to support the Japanese and the U.S. governments' aid plan for reconstruction of areas hit by the March 11 earthquake and tsunami in Japan. The two governments have launched a project named ''Tomodachi'' (friends) to support companies and people affected by the disaster through cultural exchange and other events in cooperation with private firms. (Kyodo)

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the Churchill Square complex

Penta Real Estate sold the Churchill Square complex near the Prague main railway station for more than Kc4bn to Ceskomoravska Nemovitostni (CMN) and Corporate Finance House Group (CFH), the firms told CTK, describing it as the biggest deal on the Czech office space market this year, on December 17, 2020. Penta Real Estate launched the construction of two office buildings on a brownfield site in 2017 and SUDOP company started building a residential house nearby a year later. (CTK Photo/Katerina Sulova)

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the Churchill Square complex

Penta Real Estate sold the Churchill Square complex near the Prague main railway station for more than Kc4bn to Ceskomoravska Nemovitostni (CMN) and Corporate Finance House Group (CFH), the firms told CTK, describing it as the biggest deal on the Czech office space market this year, on December 17, 2020. Penta Real Estate launched the construction of two office buildings on a brownfield site in 2017 and SUDOP company started building a residential house nearby a year later. (CTK Photo/Katerina Sulova)

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the Churchill Square complex

Penta Real Estate sold the Churchill Square complex near the Prague main railway station for more than Kc4bn to Ceskomoravska Nemovitostni (CMN) and Corporate Finance House Group (CFH), the firms told CTK, describing it as the biggest deal on the Czech office space market this year, on December 17, 2020. Penta Real Estate launched the construction of two office buildings on a brownfield site in 2017 and SUDOP company started building a residential house nearby a year later. (CTK Photo/Katerina Sulova)

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the Churchill Square complex

Penta Real Estate sold the Churchill Square complex near the Prague main railway station for more than Kc4bn to Ceskomoravska Nemovitostni (CMN) and Corporate Finance House Group (CFH), the firms told CTK, describing it as the biggest deal on the Czech office space market this year, on December 17, 2020. Penta Real Estate launched the construction of two office buildings on a brownfield site in 2017 and SUDOP company started building a residential house nearby a year later. (CTK Photo/Katerina Sulova)

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the Churchill Square complex

Penta Real Estate sold the Churchill Square complex near the Prague main railway station for more than Kc4bn to Ceskomoravska Nemovitostni (CMN) and Corporate Finance House Group (CFH), the firms told CTK, describing it as the biggest deal on the Czech office space market this year, on December 17, 2020. Penta Real Estate launched the construction of two office buildings on a brownfield site in 2017 and SUDOP company started building a residential house nearby a year later. (CTK Photo/Katerina Sulova)

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the Churchill Square complex

Penta Real Estate sold the Churchill Square complex near the Prague main railway station for more than Kc4bn to Ceskomoravska Nemovitostni (CMN) and Corporate Finance House Group (CFH), the firms told CTK, describing it as the biggest deal on the Czech office space market this year, on December 17, 2020. Penta Real Estate launched the construction of two office buildings on a brownfield site in 2017 and SUDOP company started building a residential house nearby a year later. (CTK Photo/Katerina Sulova)

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(2)Chinese group seeks apology, compensation for forced labor

NAGASAKI, Japan - One of Chinese former forced laborers wipes his tears at a press conference at the Nagasaki city office in Nagasaki on Nov. 28 after they filed a lawsuit demanding Japan, Nagasaki prefectural government and two Mitsubishi group firms apologize and pay 20 million yen in compensation for their hardships sustained while they were forced to work at Japanese coal mines during World War II. (Kyodo)

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(2)Two Mitsui firms, miners sign settlement document

FUKUOKA, Japan - Shuji Nishino (L), president of Mitsui Mining Co., and Toshihiko Jo, representative of the plaintiffs in a lawsuit, shake hands after signing a settlement document in Fukuoaka on Aug. 1. Two Mitsui group mining firms agreed to pay 8.1 billion in compensation to 465 plaintiff for causing a lung disease. (Kyodo)

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(1)Chinese group seeks apology, compensation for forced labor

NAGASAKI, Japan - A group of 10 Chinese former forced laborers and relatives of dead laborers walk to the Nagasaki District Court in Nagasaki on Nov. 28 to file a lawsuit against Japan, Nagasaki prefectural government and two Mitsubishi group firms. They are seeking apologies from the Japanese government and others 20 million yen in compensation for the hardships they sustained when forced to work at Japanese coal mines during World War II. (Kyodo)

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SoftBank unit and others develop humanoid robot

Combined photo taken in Saitama Prefecture on April 24, 2018, shows a prototype of a humanoid robot that can transform into a car for use in amusement parks, developed by Asratec Corp., a SoftBank Group Corp. subsidiary, and two other firms (Kyodo) ==Kyodo

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SoftBank unit, others develop humanoid robot

Photo taken in Saitama Prefecture on April 24, 2018, shows a prototype of a humanoid robot that can transform into a car for use in amusement parks, developed by Asratec Corp., a SoftBank Group Corp. subsidiary, and two other firms. (Kyodo) ==Kyodo

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Hitachi to spin off home appliance, industrial goods divisions

TOKYO, Japan - Hitachi Ltd. President Etsuhiko Shoyama speaks at a news conference in Tokyo on Sept. 27. He said Hitachi will spin off its home appliance and industrial equipment divisions into two new companies in April 2002 and integrate them with related group firms.

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Seagaia resort group files for bankruptcy protection

MIYAZAKI, Japan - A group of women visits Ocean Dome, part of the Seagaia resort complex in Miyazaki Prefecture, on Feb. 19. The complex is operated by the semipublic Phoenix Resort Ltd. which along with two Seagaia group firms filed for bankruptcy protection with the Miyazaki District Court the same day. A Seagaia group spokesman said the three companies' liabilities are estimated at 326.1 billion yen, making it the largest failure for a semipublic entity.

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Japan consortium wins priority on Taiwan rail bid

TOKYO, Japan - Officials from Mitsui and Co. tell reporters in Tokyo on Dec. 28 that a Japanese consortium, including the company, has been awarded the priority negotiation rights for a contract for a high-speed railway to be built between Taipei and Kaohsiung. The consortium is made up of about 30 firms, also including Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Toshiba Corp. and two JR group companies -- Central Japan Railway Co. and West Japan Railway Co. The Japanese consortium, Taiwan Shinkansen Corp., has been competing for the contract with a Franco-German consortium, Eurotrain.