Plunging stock prices caused by Europe’s debt crisis will slash the number of new listings on the Tokyo Stock Exchange to about 50 this year, half the number projected in December, the bourse’s president said.
Coca-Cola Co. and Suzuki Motor Corp. are among companies pushing demand for transportation of machinery to Myanmar to bottle drinks and make trucks, after the country’s five decades of isolation during military rule.
Japan Airlines Co. Chairman Masaru Onishi still feels a burning sensation in his stomach each time he climbs Osutaka Ridge, where 27 years ago he helped man a make-shift morgue after one of the carrier’s jets plowed into the mountainside.
Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. agreed to merge power-equipment businesses with combined sales of 1.1 trillion yen ($13 billion) to bolster their product line-ups and global sales reach.
Asian stocks rose, led by commodity producers and banks, as the International Monetary Fund raised its global economic growth forecast and a U.S. trade group said the country’s retail sales grew the fastest in four years.
Tokyo Station, the main hub for the city’s business district, unveiled its new rooftop domes today, marking the completion of a 50 billion yen ($645 million) refit for the nearly 100-year-old building.