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Toyota, Mazda Look To Integrate Automobile Loan Units

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THE MAINICHI
 
NAGOYA (Kyodo) -- Toyota Motor Corp. and Mazda Motor Corp. are considering integrating their automobile sales loan businesses in a deeper capital tie-up to cut costs amid the shrinking domestic market, sources close to the matter said Tuesday.
Toyota Finance Corp. will enter talks ...

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Fiat Chrysler Sells Auto Parts Unit to Japan's Calsonic for 6.2 Bil Euros

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JAPAN TODAY
 
MILAN - Fiat Chrysler said Monday it was selling its Italian auto parts unit Magneti Marelli to Japan's Calsonic Kansei (CK) in a deal worth 6.2 billion euros.
It said the merged company will rank in the top 10 auto parts suppliers globally with annual sales of 15.2 billion euros ($...

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Japan’s Dying Shareholders Signal Sombre Outlook For Its Stocks

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FINANCIAL TIMES
 
Investors should expect decades of selling pressure on Japanese stocks from the most implacable bears in the market: the recently deceased, according to investment bank Nomura.
The relentless sell-off, which threatens to intensify until the year 2040 as the huge, wealthy postwar...

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Japan Inflation Ticks Up As Oil Rises But BOJ Target Remains Elusive

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JAPAN TODAY
 
TOKYO - Japan’s annual core consumer inflation ticked up in September but remained at half the pace of the central bank’s elusive 2 percent target, underscoring the challenge of meeting the price goal as escalating trade frictions cloud the economic outlook.
While the rate of increa...

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Japan To Pledge 2019 Tax Hike to Address Debt Mountain

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CHANNEL NEWS ASIA
 
TOKYO: Japan will announce on Monday a sales tax hike in 2019 after repeated delays, reports said on Sunday (Oct 14), in an effort to address the nation's huge public debt.
The world's third-largest economy has one of the highest debt-to-GDP ratios among rich nations. Much of ...

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BOJ's Kuroda Says Fed Rate Hikes Good For Global Economy

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JAPAN TODAY
 
NUSA DUA, Indonesia - Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were "basically good" for the world economy, shrugging off concerns that higher U.S. rates could hurt Asian economies by triggering capital outflows.
Kurod...

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Japan Issues Warning Against Volatile Stock, Currency Moves

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JAPAN TODAY
 
NUSA DUA, Indonesia - Japanese Finance Minister Taro Aso said on Thursday he was watching stock and currency moves with vigilance, issuing a warning over the yen's recent appreciation that could damage the country's export-reliant economic recovery.
He said the decline in stocks was...

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Nikkei Posts Biggest One-day Loss Since March Following Plunge on Wall Street

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JAPAN TIMES
 
The Nikkei stock average plunged nearly 4 percent on Thursday, posting its biggest one-day loss since March.
Stock markets in other parts of Asia also tumbled, after Wall Street’s worst losses in eight months led to broader risk aversion, a rise in market volatility gauges and conce...

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Japan Logs ¥1.84 tril Current Account Surplus in August

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JAPAN TODAY
 
TOKYO - Japan logged a current account surplus of 1.84 trillion yen ($16.3 billion) in August, marking the 50th straight month of black ink, government data showed Tuesday.
But the margin of surplus in the current account, one of the widest gauges of international trade, shrank 23.4...

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On Tokyo Trip, Tennis Star Roger Federer Says He’s Focusing On Future with New Sponsor Uniqlo

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JAPAN TIMES
 
Roger Federer said on Tuesday in Tokyo that his decision to end a 20-year association with Nike and embark on a new chapter with Uniqlo was influenced by the Japanese clothing company’s commitment to stay with him long after his playing days are over.
While no financial details have...

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