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Japan Approves Extension For Reactor Similar to Fukushima

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BUSINESS REPORT
 
INTERNATIONAL - Japan’s nuclear regulator approved an extension of operations for a 40-year-old reactor near Tokyo that has the same basic design as those that melted down in the Fukushima crisis nearly eight years ago, a move that is likely to be controversial.
 
The reactor, T...

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Takeda CEO Confident Of Investor Backing for $62 Billion Shire Deal

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TOKYO KEIZAI
 
LONDON (Reuters) - The boss of Japan's Takeda Pharmaceutical <4502.T> said on Monday he was confident of securing investor backing for its $62 billion acquisition of London-listed Shire <SHP.L>, despite some shareholders' fears about the resulting debt burden.
Buoyed by a strong se...

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Toyota Ups Earnings Forecast for FY18, Sees Record Sales

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Toyota Motor Corp. has revised up its consolidated earnings estimates for fiscal 2018 through next March, projecting record sales of ¥29.5 trillion, Toyota said Tuesday.
The upward revisions reflected a weaker-than-expected yen and an increase in global vehic...

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Scandal-tainted Suruga Bank to Gain Y250 Bil Credit Line from BOJ: Sources

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JAPAN TODAY
 
TOKYO - Japan’s scandal-hit Suruga Bank will receive a credit line for as much as 250 billion yen ($2.2 billion) from the country’s central bank after seeing two quarters of deposit outflows, two people with direct knowledge of the matter said.
The mid-sized lender in central Japan ...

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Sales Start For Final Heisei New Year’s Postcards

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Ahead of the last New Year during the current Heisei era, Japan Post Co. launched sales of New Year’s lottery postcards for 2019 across the country on Thursday.
The Heisei era, which started in 1989, is set to end on April 30 next year with the Emperor’s abdi...

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Panasonic First-half Profit Sags On Higher Costs

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JAPAN TODAY
 
TOKYO - Japanese electronics giant Panasonic said Wednesday first-half net profit slipped on higher costs linked to a factory it runs with U.S. electric carmaker Tesla, though sales rose thanks to growth in automotive products and industrial systems.
Net profit fell 4.5 percent on-y...

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Japan's Nuclear Industry Growing, But Slower Than Government Hoped

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CHANNEL NEWS ASIA
 
Japan's resurgent nuclear industry will miss a government target of providing at least a fifth of the country's electricity by 2030, a Reuters analysis shows.
TOKYO: Japan's resurgent nuclear industry will miss a government target of providing at least a fifth of the country's...

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Sony Boosts Outlook Thanks to Strong PlayStation Business

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THE JAPAN NEWS
 
TOKYO (Bloomberg) — Sony Corp. upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit video game titles that are boosting the PlayStation business.
Operating profit for the current fiscal year through March will be ¥870 billion, up from the prior...

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Japan Needs China’s Business and Pacified US-China Relations

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CNBC
 
There are few, if any, world leaders that could match the clarity of Japanese Prime Minister Shinzo Abe’s China strategy.
Having led the Liberal Democratic Party to a resounding election victory, Abe declared in December 2012 that “China is an indispensable country for the Japanese economy...

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Nikkei Average Dives to 7-Month Low

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — The benchmark Nikkei average plunged to a seven-month low on the Tokyo Stock Exchange Thursday, as investors took fright from an overnight slump in U.S. equities.
The 225-issue Nikkei average tumbled 822.45 points, or 3.72 percent, to end at 21,268.73, the lo...

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