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Japan Tax Agency Finds Ghosn Used Nissan Money For Private Use

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EURO NEWS
 
TOKYO (Reuters) – Japan’s tax authorities have determined former Nissan Motor Co Ltd <7201.T> boss Carlos Ghosn used company money for private use, bolstering the automaker’s case that he diverted corporate funds for personal gain, the Yomiuri reported on Tuesday.
The Japanese newspap...

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Japanese Electronics Firms Eye Expansion Into Self-Driving And EV Technologies

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JAPAN TIMES
 
Electronics firms and other nonautomotive companies are eager to expand their businesses in the auto sector, where innovations are seen as essential amid the growing need for autonomous and electric vehicles.
At the Tokyo Motor Show, open to the public from Friday to Nov. 4, many el...

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Japan Ramps Up Spending For Typhoon Relief, But Workers Are Scarce

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REUTERS
 
TOKYO (Reuters) - Ravaged by a series of storms, including the worst typhoon in decades, Japan is ramping up spending on rescue, repair and clean-up. But there’s a catch: there are more shovels than hands.
Prime Minister Shinzo Abe’s government has agreed to use $6.5 million for immedia...

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OYO Hotels Japan To Add 50 Hotels By April 2020

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MONEY CONTROL
 
OYO Hotels Japan plans to add 50 more hotels by April 2020 in cities like Aomori, Asahikawa, Fuefuki and more, Choudhary added. 
Hospitality firm OYO on October 24 said its joint venture in Japan is planning to add 50 more hotels by April 2020 as part of its expansion plans. OYO H...

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Japan's Softbank Shaken By Wework, But Committing Billions

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SF GATE
 
TOKYO (AP) — Japanese technology giant SoftBank has committed billions of dollars to bailing out office-space sharing startup WeWork in a daring vote of confidence from its intrepid founder Masayoshi Son.
WeWork's woes are substantial enough that some analysts say they could derail the ...

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Eye-Catching Japan Equity Rally Splits Wall Street Titans On What Comes Next

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JAPAN TIMES
 
After being seen as one of the worst-performing markets in the developed world, Japan’s recent equity rebound is dividing Wall Street observers on where it will go next.
On the skeptical side, BlackRock Inc. told investors not to chase the rally. Pictet Asset Management Ltd.’s Hiros...

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Wework Boss To Walk Away With $1.7bn After Softbank Rescue Deal

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THE GUARDIAN
 
Payout comes as US office-sharing firm weighs up sacking 2,000 people as biggest investor SoftBank takes control
WeWork’s co-founder Adam Neumann is in line for a $1.7bn (£1.3bn) payout as investors seize control of the troubled office rentals empire he co-founded and thousands of ...

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After The Storm: Japan’s Recovery Efforts Post-Hagibis

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INSURANCE BUSINESS
 
On October 12, Typhoon Hagibis made landfall in Japan, causing widespread damage, especially in the Kanto region. It was the strongest storm to hit the region since Typhoon Ida in 1958.
Two experts from international claims firm Crawford & Company – Futoshi Suezawa, country m...

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Seven-Eleven Japan To End Some 24-Hour Operations Amid Labor Crunch

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JAPAN TODAY
 
TOKYO - Seven-Eleven Japan Co said Monday it will end 24-hour operations at some outlets, becoming the first major convenience store operator to scale back around-the-clock hours to address a labor crunch.
Eight stores will begin cutting back on their operating hours from Nov 1, as ...

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Japan's Cabinet Approves Tougher Rules On Foreigners Owning Stocks Tied To National Security

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JAPAN TIMES
 
Prime Minister Shinzo Abe’s Cabinet on Friday approved draft legislation to impose tougher rules on foreign investment in stocks related to national security despite opposition from market participants.
The planned rules will require overseas investors to report in advance when they...

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