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Japan's Takeda Expects Binding Offers For Latam Business By End Of May: Sources

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REUTERS
 
SAO PAULO (Reuters) - Japan’s Takeda Pharmaceutical Co expects to receive binding offers for its Latin American business by the end of May, three sources with knowledge of the matter said.
Brazilian pharmaceutical group EMS is considered the front-runner in the process, but Blackstone-b...

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Entrepreneurs See Big Opportunities As Japan Begins A New Era

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FORBES
 
May 1, 2019, marked the start of a new era in Japan. The country celebrated the succession to the Chrysanthemum Throne of Emperor Naruhito, scion of the world’s oldest monarchy, and the beginning of the new imperial period, Reiwa. But there’s a lot more going on: the economy is experienc...

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Japan's FamilyMart Seeks Split From Chinese Partner

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FORTUNE
 
Japan’s FamilyMart—a 7-Eleven competitor in China—wants to part ways with its Chinese business partners, amid loosening foreign ownership restrictions for non-critical industries such as retail and consumer goods.
The move comes as China’s convenience-store market is set to grow by more...

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Nissan Forecasts Profit Will Drop To 11-Year Low

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THE JAPAN NEWS
 
YOKOHAMA (Reuters) — Nissan Motor Co. forecast a 28 percent plunge in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn.
The lackluster outlook from Japan...

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OECD Report Recommends Japan Embrace Technological Innovation, Entrepreneurship To Expand Agricultural Productivity

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JAPAN TIMES
 
OSAKA - With Japanese food products becoming increasingly popular with foreign tourists, especially those from Asia, the country’s agricultural sector has a bright future if it can change its policies to embrace technological innovation and entrepreneurship, an OECD report on the co...

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Japan's Sharp To Return To U.S. TV Market, Regains Brand License

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ST. LOUIS POST-DISPATCH
 
TOKYO — Sharp Corp. will re-enter the U.S. TV market later this year, the Japanese electronics company said on Wednesday, adding it had effectively regained the license for its own TV brand sold to China's Hisense Group four years ago.
The move is part of Sharp's growth ...

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Softbank Expects Q4 Profit Rise; Vision Fund IPO Eyed

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THE JAPAN NEWS
 
TOKYO (Reuters) — SoftBank Group Corp. is expected to report a small rise in its fourth-quarter profit, while investors look for details on whether the conglomerate plans to monetize its almost $100 billion Vision Fund through an IPO.
SoftBank is considering taking the Saudi-back...

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Japanese Banks To Boost Fight Against Money Laundering

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JAPAN TIMES
 
The banking industry will strengthen efforts to prevent money laundering in preparation for the planned review of industry efforts by an international organization in the autumn.
Next month, MUFG Bank, a core unit of Mitsubishi UFJ Financial Group Inc., plans to terminate overseas r...

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Fashion Tycoon Maezawa Says He Is Selling Valuable Paintings Because He Has No Money

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JAPAN TODAY
 
TOKYO - Japanese fashion tycoon Yusaku Maezawa said he plans to auction off artworks worth millions of dollars because he has no money.
Maezawa, the founder and CEO of online fashion retailer Zozo, said in a Twitter post that he plans to sell several items at a Sotheby's auction in ...

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Retailers Embark On Sales Drive Amid Reiwa Festivities

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THE JAPAN NEWS
 
Sales competitions marking the start of the Reiwa era have intensified as department stores and leisure facilities attract young people and other consumers.
Manufacturers have also released various Reiwa-related products, with business operators hoping that the sales drive will c...

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