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Japan Post CEO May Resign After 12,836 Improper Insurance Sales Uncovered

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JAPAN TODAY
 
TOKYO - The top executive of Japan Post Holdings Co said Wednesday he is considering resigning in the wake of a probe that uncovered more than 12,000 cases of suspected improper sales of insurance products at two subsidiaries in the five years through March 2019.
"Regarding manageme...

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Japan Raises Economic Growth Forecast For Next Fiscal Year

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MANILA BUSINESS
 
TOKYO – Japan’s government raised its economic growth forecast for the next fiscal year, helped by an expected boost from a $122 billion fiscal package that would help cushion the hit from weaker global demand.
he economy is now expected to expand 1.4% in price-adjusted real ter...

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Fujifilm To Acquire Hitachi's Diagnostic Imaging Equipment Business

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JAPAN TIMES
 
Fujifilm Holdings Corp. announced Wednesday it will acquire Hitachi Ltd.’s diagnostic imaging equipment business for about ¥170 billion.
The move comes as Fujifilm is strengthening its medical-related businesses, while Hitachi has been seeking to sell the imaging equipment business ...

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Typhoon-Hit Strawberry Growers Battling Back In Tochigi Pref.

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THE JAPAN NEWS
 
Tochigi Prefecture is the biggest strawberry producer in Japan, and farmers there are working at a fever pitch to prepare for the Christmas season.
When Typhoon No. 19 hit in October, it flooded the Omoi River that runs through Kanuma, one of the main production areas. Some green...

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JR East Unveils Luxury Saphir Odoriko Express With All First-Class Seating

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JAPAN TODAY
 
TOKYO - East Japan Railway Co unveiled to the media its new luxury express train Saphir Odoriko on Monday ahead of its launch on March 14 between Tokyo and a spa resort area in central Japan.
The eight-car train with all first-class seating is named after the French word for sapphir...

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Japan's Extended Fall In Machinery Orders Bodes Ill For Business Spending

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JAPAN TIMES
 
Machinery orders sank again in October in a fresh sign that business spending, previously one of the few points of strength in the world’s third-largest economy, is stalling as slumping exports bruise investment appetite.
Core machinery orders fell 6.0 percent in October from the pr...

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Seven-Eleven Japan To Close 50 Tokyo Stores For New Year's Day To Save Labor

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THE MAINICHI
 
TOKYO -- Seven-Eleven Japan Co. announced on Dec. 11 that it will close about 50 outlets in the capital for New Year's Day as part of a work-reduction experiment.
The major convenience store chain decided on the move after receiving requests from some owners of its franchise stores...

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Japan Big Manufacturers' Business Mood Sours To Over Six-Year Low: BOJ Tankan

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THE GUARDIAN
 
TOKYO (Reuters) - Japanese big manufacturers' business mood was at its bleakest in nearly seven years in the fourth quarter, a closely watched central bank survey showed, as the U.S.-China trade war and soft global demand weighed on the export-reliant economy.
Non-manufacturers' bu...

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Confidence At Big Japanese Firms At Three-Year Low, Hit By China Slowdown And Tax Hike

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JAPAN TIMES
 
Business sentiment among large Japanese companies fell to its lowest level in three years in the October-December quarter, hit by a slowdown in the Chinese economy and the consumption tax hike at home, a government survey showed Wednesday.
The confidence index covering firms capital...

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Japan To Double Wagyu Beef Output Amid Rising Overseas Demand

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JAPAN TODAY
 
TOKYO - The Japanese government said Tuesday it hopes to double the country's output of wagyu beef, known for its tenderness and marbled fat, to 300,000 tons by fiscal 2035 amid rising overseas demand.
Under the goal, which is part of a government program to support domestic farmers...

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