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Bank Of Japan Boosts Aid For Coronavirus-Hit Firms

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JAPAN TODAY
 
TOKYO - Japan's central bank Tuesday ramped up aid for businesses struggling with the fallout from the coronavirus pandemic, as it attempts to ease the recession in the world's third-largest economy.
The Bank of Japan (BOJ) expanded its zero-interest loan program to firms to 90 tril...

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Japan’s Campaign to Revive Virus-Hit Tourism Sector Postponed Amid Cost Controversy

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THE DIPLOMAT
 
A newly devised tourism recovery campaign gets bogged down in a debate over transparency and inflated costs.
Last year, Japan was a tourist mecca welcoming 31.9 million foreign visitors. That was a peak after seven consecutive years of growth. In a pre-coronavirus Japan, Prime Mini...

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Business At 20% Of Hospitals In Japan Worse Due To Pandemic: Survey

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THE MAINICHI
 
TOKYO (Kyodo) -- Business conditions at more than 20 percent of medical institutions in Japan have worsened due to the coronavirus pandemic, with doctors saying they have experienced dismissals, salary reductions and forced closures, according to a recent survey.
The online survey ...

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Women Bear Brunt Of Recession As Pandemic Unravels Abe's 'Womenomics'

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JAPAN TODAY
 
TOKYO - Japanese Prime Minister Shinzo Abe has long made creating jobs for women central to his economic policy, but now women are suffering a bigger share of the pain as the country heads for its worst economic slump since World War Two.
Helped by a worker shortage, female labour p...

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Hello Kitty Founder Shintaro Tsuji Steps Down As CEO Aged 92

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BBC
 
The founder of the Japanese company that created Hello Kitty has announced he is stepping down as CEO aged 92.
Shintaro Tsuji said he would hand over control of Sanrio to his 31-year-old grandson, Tomokuni Tsuji.
It marks the first change in leadership in the company's six-decade history.
H...

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Japan's top billionaire Tadashi Yanai says the image of America is breaking

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CNN
 
The race relations crisis is changing how the world sees America, according to Japan's richest man.
"The very image of America is breaking," Tadashi Yanai, CEO of Uniqlo owner Fast Retailing, told CNN Business in an exclusive interview. "I truly hope that this will have a positive impact in...

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Founder Of Software Company Who Turned Down Softbank Joins Ranks Of Japan’s Billionaires

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JAPAN TIMES
 
At 23, Shunji Sugaya had what he calls a “life-changing episode.”
It was March 2000, and Sugaya had just won an award at a business contest where Masayoshi Son, the founder of what was then called SoftBank Corp., was a judge. He sent Son an email to thank him, the two met up, and be...

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Japan MPs Pass Record Coronavirus Budget

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BANGKOK POST
 
TOKYO: Japan's powerful lower house of parliament approved an emergency budget worth nearly $300 billion Wednesday, doubling the scale of measures to pep up the world's third-biggest economy after the coronavirus tipped it into recession.
Consumer spending has slowed to a crawl des...

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Japan's Music Industry Explores Online Concerts To Cure Virus Blues

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NIKKEI ASIAN REVIEW
 
Livestreaming readies to storm onstage as pandemic plays on
For concert promoter Hiromichi Hayashi, the live music business this year has been all but dead due to the coronavirus pandemic.
Concert cancellations began to roll in on February 26, the day Japanese Prime Minister...

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Japan's 1st-Quarter GDP Shrinks Less Than Initial Estimate But Still Faces Deep Recession

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JAPAN TODAY
 
TOKYO
Japan's economy shrank less than initially estimated in the first quarter but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
A series of recent April data including exports, factory output and jobs figures suggested Ja...

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