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A Scramble For New Workers Disrupts Japan's Hiring Practices

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BUSINESS TIMES
 
Tokyo- IT'S a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment.
But lately, some companies, including Rakuten, SoftBank and Line Corp, are b...

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Nikkei Falls In 2018 Final Session, Marking 1st Annual Loss In 7 Years

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JAPAN TODAY
 
TOKYO - Tokyo stocks ended slightly lower Friday, the final trading day of the year, with the benchmark Nikkei index losing 12.1 percent in 2018 for its first yearly loss in seven years amid growing concerns about a global economic slowdown following the U.S.-China trade war.
The 22...

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Japan’s Mizuho Bank To Issue Digital Currency

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THE JAPAN NEWS
 
Mizuho Financial Group Inc. will issue its own digital currency from March at the earliest, which will allow users to make cashless payments via smartphones and fee-free cash transfers among users, it has been learned.
The currency will be the first to be issued by a megabank.
Th...

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Panel Proposes Raising Deposit Ceiling At Japan Post Bank

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THE MAINICHI
 
TOKYO (Kyodo) -- A governmental panel in charge of postal privatization proposed in a report Wednesday that the deposit ceiling at Japan Post Bank Co. be raised to 26 million yen ($235,000) from 13 million yen, raising concern that the state-backed bank could gain an unfair advanta...

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Japan's Nikkei Index Slides Amid US Uncertainty

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BBC
 
Japan's main stock market index has plunged, reflecting traders' worries following a slide on Wall Street.
The Nikkei closed down 5% on Tuesday, its worst finish since April 2017. Indexes in Shanghai, Bangkok and Taiwan also fell.
Investors have been concerned about President Trump's disput...

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Airports In Kansai Hold Improvement Talks

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THE JAPAN NEWS
 
OSAKA (Jiji Press) — A meeting was held on Monday for talks on the roles of three major airports in the Kansai region and how to better utilize them.
Major topics at the meeting, the first of its kind in eight years and eight months, included reviews of the operations of Osaka In...

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Hitachi To Buy Majority Stake In ABB's Power Grid Arm For $6.4 Bil

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JAPAN TODAY
 
TOKYO  -  Japan's Hitachi on Monday announced plans to buy a majority stake in the power grid business of Swiss-Swedish engineering giant ABB for $6.4 billion, in what would be its biggest ever buyout.
The deal would make Hitachi the world's largest power grid company, local media s...

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Softbank Corp Shares Slide 10% On Debut After Record Japan IPO

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THE STAR ONLINE
 
TOKYO: SoftBank Corp shares slumped more than 10 percent in their debut on Wednesday, as investor appetite for Japan's biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom gear maker Huawei.
Following its $23.5 billion initi...

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Nissan Board Meets But No Chairman Picked To Replace Ghosn

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THE JAPAN NEWS
 
 
YOKOHAMA (AP) — Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.
Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that...

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Visitors To Japan In ’18 Set To Hit 30 Million

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — The number of visitors to Japan in 2018 is expected to reach 30 million as early as next week, tourism minister Keiichi Ishii said Friday.
It would be the first time for Japan to have 30 million visitors in a year.
Speaking at a press conference, Ishii said, ...

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