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hosts under a 1960 security treaty."Of course they should </p> <div class="date-area">May 5, 2016 12:07 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/Japanese-and-Mexican-business-leaders-keen-for-closer-ties-with-TPP">Japanese and Mexican business leaders keen for closer ties with TPP</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/Japanese-and-Mexican-business-leaders-keen-for-closer-ties-with-TPP"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/20160429t/20160429-herminio-blanco/4431366-1-eng-GB/20160429-Herminio-Blanco_medium_thumbnail.jpg" width="120" alt=""/></a> <p> MEXICO CITY Business leaders in Japan and Mexico are looking forward to closer ties as a result of the Trans-Pacific Partnership trade agreement, which if ratified by all signatories, will lower trade barriers on a variety of goods and services be</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/In-the-corporate-world-long-serving-leaders-can-be-a-boon-and-a-burden">In the corporate world, long-serving leaders can be a boon and a burden</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/In-the-corporate-world-long-serving-leaders-can-be-a-boon-and-a-burden"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0502t/20160502_fujifilm/4438410-1-eng-GB/20160502_Fujifilm_medium_thumbnail.jpg" width="120" alt=""/></a> <p> TOKYO Japanese companies typically announce their boardroom reshuffles in April and May, at the same time as they announce their earnings for the just-ended fiscal year. 2016 is shaping up to be no different, but some of the most surprising news s</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/Samsung-s-leaner-faster-approach-to-smartphones-pays-off">Samsung&#039;s leaner, faster approach to smartphones pays off</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/Samsung-s-leaner-faster-approach-to-smartphones-pays-off"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0428n/0428n-samsung-galaxy-s7/4428353-1-eng-GB/0428N-Samsung-Galaxy-S7_medium_thumbnail.jpg" width="120" alt=""/></a> <p> SEOUL Samsung Electronics' smartphone business has got a second wind thanks to its new strategy for staying profitable in a tough market.The South Korean manufacturer on April 28 reported a third straight quarter of year-on-year growth in its info</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/A-3-trillion-yen-lesson-in-the-risks-of-overinvesting">A 3 trillion yen lesson in the risks of overinvesting</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/A-3-trillion-yen-lesson-in-the-risks-of-overinvesting"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0502t/20160505-muromachi-toshiba/4438684-4-eng-GB/20160505-muromachi-toshiba_medium_thumbnail.jpg" width="120" alt=""/></a> <p> TOKYO Japanese listed companies closing their books in March reported total impairment losses of more than 3 trillion yen ($28 billion) as of the end of April, according to Nikkei's own calculation.Impairment does not mean a loss of cash, and it do</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Business/Resources-slump-squeezes-Japan-s-earnings">Resources slump squeezes Japan&#039;s earnings </a></h2> <div class="column-layout"> <p> TOKYO Tumbling resource prices and emerging-economy weakness continued to pummel corporate Japan through the January-March quarter, with both three- and 12-month earnings falling from a year earlier.Aggregate quarterly pretax profit fell 20% on th</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Tea-Leaves/Japan-Inc.-needs-to-fail-more-often">Japan Inc. needs to fail more often</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Tea-Leaves/Japan-Inc.-needs-to-fail-more-often"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0428t/20160428jc/4424767-1-eng-GB/20160428JC_medium_thumbnail.jpg" width="120" alt=""/></a> <p> A few years ago, a Japanese bank sent a confidential fax to a counterparty. But an employee entered the wrong fax number, sending the precious document to an elderly lady instead. She was so indignant about what she regarded as the bank's carelessne</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Life-Arts/From-anime-to-Zen-foreigners-are-mastering-Japanese-culture">From anime to Zen, foreigners are mastering Japanese culture</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Life-Arts/From-anime-to-Zen-foreigners-are-mastering-Japanese-culture"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/magazine/20160505/20160505_seira-ryu/4422035-6-eng-GB/20160505_Seira-Ryu_medium_thumbnail.jpg" width="120" alt=""/></a> <p> TOKYO Manga and anime have become some of Japan's most successful cultural exports, winning fans across the world. Until recently, Japanese artists dominated the field, but that is beginning to change."Hokuo Joshi O-sa ga Mitsuketa Nihon no Fushig</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Viewpoints/Edward-Alden-Solving-the-global-steel-glut-means-sharing-the-pain">Edward Alden: Solving the global steel glut means sharing the pain </a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Viewpoints/Edward-Alden-Solving-the-global-steel-glut-means-sharing-the-pain"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/magazine/20160505/20160505_steel_3/4426394-1-eng-GB/20160505_steel_3_medium_thumbnail.jpg" width="120" alt=""/></a> <p> The steel industry is once again in crisis. Led by China, global steelmaking capacity has doubled in the past 15 years, while demand has slumped. The consequences in many countries are falling prices, idled production, bankruptcies and job losses. T</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Tech-Science/The-promising-and-divisive-science-of-artificial-photosynthesis">The promising -- and divisive -- science of artificial photosynthesis</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Tech-Science/The-promising-and-divisive-science-of-artificial-photosynthesis"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0420t/20160420-artificial-photosynthesis/4383816-1-eng-GB/20160420-artificial-photosynthesis_medium_thumbnail.jpg" width="120" alt=""/></a> <p> TOKYO With increasing pressure on the world's energy security and the need for clean, safe alternatives to fossil fuels, scientists around the world are eyeing artificial photosynthesis as a new potential source of energy.This technology uses sunl</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Tech-Science/The-internet-of-things-will-require-global-cooperation-says-Bosch-exec">The internet of things will require global cooperation, says Bosch exec </a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Tech-Science/The-internet-of-things-will-require-global-cooperation-says-Bosch-exec"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0421t2/20160421_struth/4390136-1-eng-GB/20160421_Struth_medium_thumbnail.jpg" width="120" alt=""/></a> <p> FRANKFURT, Germany As industries around the globe turn their attention to the internet of things -- a network of items connected through the internet -- cooperation among countries and companies is becoming much more important, according to Werner</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Politics-Economy/To-soothe-its-troubled-markets-Japan-needs-the-US-on-its-side">To soothe its troubled markets, Japan needs the US on its side</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Politics-Economy/To-soothe-its-troubled-markets-Japan-needs-the-US-on-its-side"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0503t/20160505_currency/4444089-1-eng-GB/20160505_currency_medium_thumbnail.jpg" width="120" alt=""/></a> <p> TOKYO The Japanese economy has received some nasty jolts recently. One of the biggest was the Bank of Japan's decision -- against all expectations -- to refrain from loosening monetary policy further. This sparked a sudden surge in the yen's value</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Politics-Economy/Companies-cash-in-on-China-s-green-ambitions">Companies cash in on China&#039;s green ambitions</a></h2> <div class="column-layout"> <p> SHANGHAI As China strengthens its resolve to improve air quality, overseas companies are gearing up to seize business opportunities.Some have already tapped into China's growing market for environmental technology and solutions. Japan's Mitsubishi</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Politics-Economy/Why-Japan-lost-the-Australian-sub-deal-to-France">Why Japan lost the Australian sub deal to France</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/magazine/20160505-DEMOCRACY-DEFERRED/Politics-Economy/Why-Japan-lost-the-Australian-sub-deal-to-France"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201604/0426t/20160426soryu2/4410890-1-eng-GB/20160426Soryu2_medium_thumbnail.jpg" width="120" alt=""/></a> <p> SYDNEY Japan's hopes of winning its first big overseas defense contract since it lifted self-imposed restraints on such deals two years ago have been dashed. The $38.6 billion contract to help Australia build naval submarines went instead to Frenc</p> <div class="date-area">May 5, 2016 12:00 pm JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/Politics-Economy/International-Relations/Abe-Merkel-differ-over-fiscal-stimulus-ahead-of-G-7-summit">Abe, Merkel differ over fiscal stimulus ahead of G-7 summit</a></h2> <div class="column-layout"> <p> BERLIN (Kyodo) -- Japan and Germany remained apart Wednesday over whether fiscal stimulus is needed to support the flagging global economy, but agreed to continue the discussion at an upcoming Group of Seven summit, Japanese officials said."We had p</p> <div class="date-area">May 5, 2016 11:45 am JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/Business/Companies/Westinghouse-seeks-to-bolster-operations-in-China-CEO-says">Westinghouse seeks to bolster operations in China, CEO says</a></h2> <div class="column-layout"> <p> AUGUSTA, Ga. -- Westinghouse Electric hopes to beef up its business in the promising Chinese nuclear power market through partnerships with suppliers, the head of the U.S. company said.Danny Roderick, president and CEO, told The Nikkei and other med</p> <div class="date-area">May 5, 2016 10:00 am JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/Business/Trends/Discount-stores-multiplying-in-Japan">Discount stores multiplying in Japan</a></h2> <div class="column-layout"> <p> TOKYO -- Japanese discount chains are broadening their footprint as they seek to capture budget-minded consumers living in an age of stagnant wages and economic uncertainty.Starting this fiscal year, casual clothing retailer Shimamura aims to launch</p> <div class="date-area">May 5, 2016 03:58 am JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/Politics-Economy/International-Relations/Inward-looking-US-race-stacks-odds-against-Pacific-trade-deal">Inward-looking US race stacks odds against Pacific trade deal</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/Politics-Economy/International-Relations/Inward-looking-US-race-stacks-odds-against-Pacific-trade-deal"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0504n/0405n_clinton/4420562-1-eng-GB/0405N_Clinton_medium_thumbnail.jpg" width="120" alt=""/></a> <p> WASHINGTON -- Prospects for the Trans-Pacific Partnership are dimming as the controversial trade deal is expected to take center stage in a likely contest between Hillary Clinton and Donald Trump in the U.S. presidential election in November."The Cl</p> <div class="date-area">May 5, 2016 03:10 am JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/Business/Companies/Takata-air-bag-recall-could-double-to-120m-cars">Takata air bag recall could double to 120m cars</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/Business/Companies/Takata-air-bag-recall-could-double-to-120m-cars"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0504n/0504n-2015-0629n-takata/2964956-1-eng-GB/0504N-2015-0629N-Takata_medium_thumbnail.jpg" width="120" alt=""/></a> <p> NEW YORK -- Takata may have to expand its air bag recall even further, with affected vehicles worldwide seen doubling to a whopping 120 million.The U.S. National Highway Traffic Safety Administration appears intent on urging the Japanese company to </p> <div class="date-area">May 5, 2016 02:38 am JST</div> </div> </li> <li> <h2 class="title"><a href="/web/20160505034942/http://asia.nikkei.com/Business/Companies/Kintetsu-World-to-help-Chinese-e-tailer-speed-up-delivery">Kintetsu World to help Chinese e-tailer speed up delivery</a></h2> <div class="column-layout"> <a href="/web/20160505034942/http://asia.nikkei.com/Business/Companies/Kintetsu-World-to-help-Chinese-e-tailer-speed-up-delivery"><img src="/web/20160505034942im_/http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2016/201605/0504n/0504n-kintetsu-world-express/4450830-1-eng-GB/0504N-Kintetsu-World-Express_medium_thumbnail.jpg" width="120" alt=""/></a> <p> TOKYO -- Major Japanese air freight company Kintetsu World Express will start handling shipment and customs clearance of Japanese and other imported products for a Chinese online store, slashing delivery times and giving the seller an edge over riva</p> <div class="date-area">May 5, 2016 02:00 am JST</div> </div> </li> </ul> </div> </div> <div class="result-sub"> <div class="result-box"> <h2>Sort 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