News Column

Kyodo Industry Brief (Aug. 20)

August 20, 2014


Citibank Japan to withdraw from retail banking business: sources

TOKYO - Citibank Japan Ltd. is arranging to sell its retail banking business as Japan's loose monetary policy has kept interest rates ultralow and squeezed the bank's profit margin, industry sources said Tuesday.


JR East eyes new, faster access to Haneda airport from central Tokyo

TOKYO - East Japan Railway Co. is considering building a new access line to Haneda airport from central Tokyo, a project that would shorten the travel time to roughly 20 minutes, company officials said Tuesday.


Hitachi Metals to acquire Waupaca Foundry for $1.3 billion

TOKYO - Hitachi Metals Ltd. said Tuesday that it will acquire Waupaca Foundry Inc., the world's biggest iron casting supplier by production, for $1.3 billion in October to lead the industry.


Mizuho Bank to support car industry links between Tohoku and Chubu

TOKYO - Mizuho Bank said Tuesday it will launch a new program by the end of this month to support the vehicle-related manufacturing industry in the disaster-hit Tohoku region and Chubu region in central Japan, home to Toyota Motor Corp.


Malaysia'sAirAsia says not bidding for Japan'sSkymark

KUALA LUMPUR - The head of Malaysian budget airline AirAsia Bhd on Tuesday dismissed a news report that his company eyes taking over Japan's struggling Skymark Airlines Inc., saying he wants to build AirAsia's own brand in Japan.

(NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Japan Economic Newswire

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