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Japan Trade Surplus Dives 99% In March As Coronavirus Hits Exports

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JAKARTA POST
 
Japan's trade surplus dived 99 percent in March from a year earlier as coronavirus woes hit exports to its major trading partners, official data showed Monday.
The March surplus came in at 4.9 billion yen ($45.5 million), less than one percent of the year-before figure of 517 billi...

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Japan Is Giving Its Citizens $930 Of Free Money, Joining The US In Handing Out Stimulus Checks During The Coronavirus Pandemic

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BUSINESS INSIDER
 Japan’s Prime Minister Shinzo Abe said on Friday he intends to hand out 100,000 yen ($930) to each citizen, in place of a previous sanction meant to cover households impacted by the outbreak.Japan expanded its state of emergency on Friday beyond its main population centres, incl...

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Japan IPO Cancellations Hit Record This Month On Coronavirus

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ECONOMICS TIMES
 
Investors who had planned to buy new offerings might opt for existing start-up shares instead.
TOKYO: Fourteen Japanese companies have scrapped plans for initial public offerings (IPO) this month, more than in the aftermath of the Sept 2001 attacks on the United States, as the c...

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Osaka, Fukuoka, Chiba Make Requests For Businesses To Close Amid Emergency

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THE JAPAN NEWS
 
Business suspension requests took effect Tuesday in Chiba, Osaka and Fukuoka prefectures as measures against the spread of the new coronavirus.
The requests apply to commercial facilities that handle nonessential goods and entertainment facilities, urging them to close through Ma...

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Japan Stocks Jump More Than 3%; China’s Dollar-Denominated Exports Fall Less Than Expected

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CNBC
 
Key PointsStocks in Asia rose on Tuesday.Shares of Japanese conglomerate Softbank Group recovered from an earlier drop to to close 5.24% higher.China’s dollar-denominated exports declined 6.6% year-on-year in March, Reuters reported Tuesday citing customs data. Still, that was better than ...

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Outbreak Pushes Japan Shoppers To Finally Buy Things Online

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THE STAR
 
NOW that Japan’s government is urging consumers and businesses to step up efforts to contain the coronavirus outbreak, shoppers may finally have no excuse but to embrace e-commerce and wean themselves from brick-and-mortar stores.
Prime Minister Shinzo Abe declared a state of emergency...

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Tokyo Uber Eats Union Demands Hazard Pay

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JAPAN TODAY
 
 
TOKYO
A labor union representing staff of Uber Technologies Inc's food delivery service in Japan called Friday for hazard pay and protection against the coronavirus for deliverers working on the front line.
Kento Suzuki, vice chairman of the union with some 30 members, said Uber E...

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Japan Economy Watcher Sentiment At Record Low Amid Virus Outbreak

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JAPAN TIMES
 
Business sentiment among workers in Japan with jobs sensitive to economic trends fell to the lowest level on record in March due to concern over the ongoing spread of the coronavirus, government data showed Wednesday.
The diffusion index of confidence among "economy watchers" such a...

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Rakuten Mobile’s Low-Cost Data Plan Fully Launches In Japan

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TECH CRUNCH
 
 
Rakuten Mobile announced the full commercial launch of its low-cost data plan in Japan today. Priced at 2,980 yen (about $27) per month, the plan gives users unlimited calls and data where Rakuten has its own networks. The company also raised the amount of domestic roaming data in...

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Honda, Nissan Furlough U.S. Workers As Auto Demand Plummets

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THE JAPAN NEWS
 
TOKYO/WASHINGTON (Reuters) — Honda Motor Co. and Nissan Motor Co. on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for cars in the country.
A spokesman for Honda, which employs about 18,400 workers at pla...

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