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Yahoo Japan making tender offer for retailer Zozo at $3.7B

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AIRDRIE TODAY
 
TOKYO — Yahoo Japan Corp. announced a tender offer worth an estimated 400 billion yen ($3.7 billion) for Zozo Inc., a Japanese online retailer started by a celebrity tycoon.
Zozo Chief Executive Yusaku Maezawa told reporters Thursday at a Tokyo hotel that he was stepping down to d...

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Wework Presses On With IPO, Pushing Softbank Into Corner

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THE JAPAN NEWS
 
Reuters - Office-sharing start-up WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group, with a stark choice: take a haircut or pony up even more cash.
The We Company, WeWork’s pa...

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Japanese Gov't Backs Nissan CEO Saikawa's Resignation

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JAPAN TODAY
 
TOKYO - The Japanese government on Tuesday supported Nissan Motor Co CEO Hiroto Saikawa's decision to resign for accepting millions of yen in extra remuneration, saying it shows the carmaker's new corporate oversight reforms are functioning.
"The resignation proves that corporate go...

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Japan Wins Partial WTO Victory In South Korea Duties Case

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CHANNEL NEWS ASIA
 
GENEVA: The World Trade Organisation on Tuesday (Sep 10) largely faulted South Korea in a final ruling over anti-dumping duties slapped on imports of industrial pneumatic valves imported from Japan.
The WTO's Appellate Body mostly upheld a previous ruling finding that Seoul's ...

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Japan’s Economy Grows at Slower Pace as Capex Proves Less Strong

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BLOOMBERG
 
Japan’s economy expanded at a slower pace in the second quarter than initially reported, as growth in business investment proved less robust than first thought.
Gross domestic product grew at an annualized pace of 1.3% in the three months through June from the previous quarter, revise...

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JR East, Japan’s Largest Train Operator, Opening Shops In Thomson-East Coast Line MRT Stations

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MOTHERSHIP
 
JR East, a.k.a. East Japan Railway Company, will open retail shops in 27 of the 32 stations on the future Thomson-East Coast Line (TEL).
Assorted Japanese media (here and here) reported that Japan’s largest train operator will operate the retail space that may house Japanese tenants....

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Messaging Giant LINE Wins Japan License for Crypto Exchange Business

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COIN DESK
 
LINE, provider of Japan’s most popular messaging app, has just been approved for a cryptocurrency business license in the country.
The news, reported by CoinDesk Japan on Friday, means it will be able to offer its crypto exchange services in Japan where it has 80 million monthly activ...

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Nissan CEO Saikawa Admits Being Paid Too Much By Equity Scheme

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JAPAN TODAY
 
TOKYO - Nissan Motor Co President and CEO Hiroto Saikawa admitted Thursday he was overpaid by an equity-linked remuneration scheme run by the company.
A day after it was reported that he received tens of millions of yen too much under a scheme of so-called stock appreciation rights,...

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Dewine To Join Business Leaders In Trade Trip To Japan

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TOLEDO BLADE
 
 
COLUMBUS — Officials and business leaders from Ohio are headed to Tokyo this weekend for a trade conference, and they’ll be joined by a travel partner who they hope will help open new opportunities in Japan: Gov. Mike DeWine. 
“We will get to the very highest levels of large corp...

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Kon'nichiwa: Big IT Investing In Language, Soft Skills As Japan Emerges Favourite Onsite Market

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MONEY CONTROL
 
 Unlike the West, Japanese culture is different and what is considered normal in India can be construed as offensive and may even result in lost businessAs IT firms turn their focus to the land of the rising sun, IT firms such as Wipro are investing in customer acquisition and sof...

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