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Japan To Provide 19 Bil. Yen To Taiwan Firm-Led Advanced Chip Project

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KYODO NEWS
 
The Japanese government will contribute around 19 billion yen ($173 million) to a project led by Taiwan Semiconductor Manufacturing Co. to develop chip-making technology in Japan, the industry ministry said Monday.
The move comes as the government is struggling to improve the global ...

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Japan's Factory Output Rose In April On Overseas Demand For Capital Goods

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JAPAN TIMES
 
Japan's industrial output extended gains in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets.
The world's third-largest economy is expected to grow in the current quarter at a much slower pace than previously thought,...

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Honda Aircraft Co unveils HondaJet Elite S

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JAPAN TODAY
 
Honda Aircraft Co has unveiled its new upgraded aircraft, the HondaJet Elite S, at its first ever virtual product launch event themed "Innovation Continues: Elite S."
The HondaJet Elite S features several upgrades that expand operational capability and improve flight operation. The ...

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Foreign Business Chambers Urge Japan To Speed Up Vaccine Rollout

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THE MAINICHI
 
TOKYO (Kyodo) -- The chambers of commerce of the United States and other advanced economies urged the Japanese government on Friday to mobilize all available resources to speed up its sluggish rollout of COVID-19 vaccines.
The four business organizations said they appreciated effor...

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JTB Posts Record Net Loss Of ¥105.1 Bil. On Plunge In Tourism

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THE JAPAN NEWS
 
The nation’s biggest travel agency JTB group posted a record net loss of ¥105.1 billion in its consolidated financial results for the business year that ended on March 31, due to a plunge in tourism demand amid the prolonged coronavirus crisis.
To reinforce its financial base, JT...

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Softbank's Masayoshi Son Expresses Concern About Tokyo Olympics As Covid Surges In Japan

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CNBC
 
Key PointsIn a series of tweets, SoftBank Group’s founder and CEO Masayoshi Son expressed bewilderment and concern about the Tokyo Olympics going ahead.Japan has vaccinated just 4.4% of its population, the slowest among the world’s larger, rich countries.With just two months to go until th...

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Japan's Economy Slumps More Than Expected As COVID-19 Hits Consumption

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JAPAN TIMES
 
Japan's economy shrank more than expected in the first quarter as a slow vaccine rollout and new COVID-19 infections hit spending on items such as dining out and clothes, raising concerns the country will lag behind others emerging from the pandemic.
Capital expenditure also fell un...

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Japan's Top Bank MUFG Forecasts Lower Credit Costs, Beats Profit View

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REUTERS
 
Japan's top lender Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) posted on Monday a better than expected 47% jump in annual profit and forecast its credit costs will fall this year on expectations of a recovery from the COVID-19 pandemic.
MUFG's credit costs prediction follows thos...

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Toshiba Returns To Net Profit; Welcomes 'Credible' Buyout Offers

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JAPAN TODAY
 
TOKYO - Toshiba on Friday announced a return to an annual net profit and stressed it would consider "credible" buyout offers, after a proposal from a private equity fund stirred turmoil within the storied Japanese firm.
The conglomerate -- once a shining symbol of Japan's advanced t...

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Toyota Unfazed By Chip Shortage, Forecasts Rebound In Profit

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THE JAPAN NEWS
 
Toyota Motor Corp forecast its profit would bounce back to pre-pandemic levels this year, as the world’s biggest automaker exuded confidence it can tackle a global chip shortage that has stung its rivals.
Japan’s top automaker, which has been stockpiling the semiconductors that a...

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