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Japan's Toshiba Receives Eight Proposals To Go Private

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REUTERS
 
Toshiba Corp (6502.T), the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as two proposals for capital alliances that would see it remain listed.
The news comes amid recent signs that Toshiba, which has...

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Yamanashi Pref. To Produce Hydrogen As Its Local Specialty Using Abundant Sunshine

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JAPAN NEWS
 
 
Yamanashi Prefecture, which prides itself on having some of the longest hours of sunshine of any prefecture, is pushing hard for the production of hydrogen using solar power.
The prefecture has not only been producing hydrogen but also working with private companies to jointly deve...

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Japan's Chubu Electric To Buy 20% Stake In India's OMC Power For $39 Mn

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BUSINESS STANDARD
 
 Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd
Japan's Chubu Electric Power Co Inc said on Tuesday it will spend up to 5 billion yen ($39 mill...

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Toshiba Names Houlihan Exective As Board Chair

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JAPAN NEWS
 
Toshiba Corp. on Thursday nominated Akihiro Watanabe, chairman of merger and acquisition advisory firm Houlihan Lokey K.K., as chairman of its board of directors.
The electronics and heavy machinery maker plans to seek approval for Watanabe and 12 other board member candidates at a s...

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Gov't Warns Of Rising Prices As Extra Budget Submitted To Diet

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JAPAN TODAY
 
Finance Minister Shunichi Suzuki said Wednesday surging raw material prices due to Russia's invasion of Ukraine may disrupt Japan's economic recovery from the coronavirus fallout, as the government submitted to the Diet a draft extra budget to fight inflation.
"Uncertainty over the ...

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Rice Cooker Manufacturers In Japan Adopt High-Tech Methods, Cash-In On High-End Models

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JAPAN NEWS
 
The humble electric rice cooker continues to evolve.
Some 50 years have passed since the first appearance of a then-cutting-edge model that could keep rice warm after cooking.
Nowadays, this heat-retention function is a standard feature of domestic rice cookers — an indispensable ite...

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Nissan Sakura Is A Cute Electric Runabout For Japan, Priced Under $14,000

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CAR AND DRIVER
 
The Sakura fits into Japan’s kei-car class, and its 20.0-kWh battery provides a claimed 112 miles of range for the tiny electric box.
 The Japan market has a new electric Nissan called the Sakura, which fits into the kei-car class and is named after the Japanese cherry blossom.Th...

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Corporate Japan Wary Of The Sliding Yen

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FINANCIAL TIMES
 
 
Higher energy and materials costs outweigh benefit of weak currency even for big exporters
As Canon kicked off Japan’s corporate earnings season in late April with an upgrade to its annual profit guidance, chief executive Fujio Mitarai welcomed the yen’s sharp decline as “a bi...

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Toyota Group Plant To Resume Operations

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THE JAPAN NEWS
 
An automobile assembly plant of a Toyota Motor Corp. group company that stopped its operations early Thursday morning due to an industrial water supply trouble in central Japan will operate as usual during the night on the same day, according to Toyota officials.
The Nagakusa pla...

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Japan's 1st-Quarter GDP Shrinks, Hit By COVID Restrictions, Higher Prices

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JAPAN TODAY
 
Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by COVID-19 restrictions and higher prices.
The world's third-largest economy shrank 0.2 percent quarter-on-quarter in the January-March period, slightly less than the market expectatio...

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