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Bank Of Japan Will Be 'Fully Prepared' To Act On Coronavirus Risk: Kuroda

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BUSINESS STANDARD
 
Kuroda said there was no major change to the BOJ's projection that Japan's economy would keep recovering moderately thanks to an expected rebound in global growth around mid-year
The Bank of Japan will be fully prepared to take necessary action to mitigate the impact of the co...

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Outbreak, Economic Ills Dim Luster of Japan's Olympic Year

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US NEWS
 
Japanese Prime Minister Shinzo Abe should be basking in the limelight this year in the run-up to the 2020 Tokyo Olympics.
TOKYO (AP) — Prime Minister Shinzo Abe should be basking in the limelight this year in the run-up to the 2020 Tokyo Olympics. Instead, the virus outbreak that has sp...

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Olympic Crowd Crush Expected As Japan Inc Rules Out Work From Home

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JAPAN TODAY
 
TOKYO - When Emi Tanimura failed to find a daycare slot for her new-born daughter, she had to take a radical step for Japan to avoid a long time away from her job at communications firm Sunny Side Up. She started working from home.
Now a mother of two, she still works flexible hours...

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Walmart’s Struggling Japan Unit Finds Niche With Online Groceries

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THE JAPAN NEWS
 
TOKYO (Reuters) — Walmart Inc. might finally have found the sweet spot in Japan’s food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.
The barely ye...

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Japan’s Largest Bank Invests Over US$700m In Grab

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THE STAR
 
TOKYO: Japan’s Mitsubishi UFJ Financial Group Inc. is investing more than $700 million in Southeast Asian ride-hailing giant Grab, gaining access to millions across the region that use the mobile app to book cars and meals.
The Japanese financial institution intends to market a range o...

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Clock Ticking For Nissan Boss Uchida To Revive Automaker

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THE JAPAN NEWS
 
TOKYO (Reuters) — Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s boa...

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Japan's Economy Heading For Recession, And Germany Wobbles

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THE GUARDIAN
 
International trade slump and coronavirus outbreak combine to weaken consumer demand
Japan’s economy is heading for a recession this year after figures showed the world’s third largest economy slumped by an annual rate of 6.3% during the last quarter of 2019.
Germany, the world’s f...

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Nissan Set To Scrap Year-End Dividends

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THE JAPAN NEWS
 
TOKYO (Bloomberg) — Nissan Motor Co.’s efforts to halt declines in key markets are faltering, forcing the automaker to cut its full-year profit outlook a second time and scrap its year-end dividend to investors, including top shareholder and partner Renault SA.
The partners have ...

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The Japanese Government Gave 2,000 Iphones To Passengers Stuck On A Cruise Ship Where Nearly 200 Coronavirus Cases Have Been Confirmed

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BUSINESS INSIDER
 
·  The Japanese government gave 2,000 iPhones to passengers stuck aboard a Diamond Princess cruise ship where nearly 200 coronavirus cases have been confirmed, according to 9to5Mac and Macotakara.
·  The phones were reportedly given out so passengers could download an app on wh...

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Japan Braces For Biggest Hit To GDP Since 2014 Amid Growing Coronavirus Risks

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STRAITS TIMES
 
TOKYO (REUTERS, BLOOMBERG) - Japan's economy likely suffered its biggest contraction since 2014 at the end of last year leaving it in a vulnerable state, as fallout from a coronavirus outbreak (Covid-19) threatens to turn a one-quarter-slump into a recession.
Japanese policymakers...

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