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Nikkei Average Briefly Retakes 38,000 in Morning Trade

  • Category:Other
JAPAN NEWS
 
The Nikkei 225 stock average retook 38,000 at one point in Tokyo trading on Tuesday morning, helped by overnight gains in U.S. stocks.
The key Japanese index finished the morning session at 37,943.23, up 546.71 points, or 1.46 pct, from Monday, after crossing the 38,000 threshold for...

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Massive Cold Warehouse Built In Japan Amid Demand For Frozen Food

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KYODO NEWS
 
One of Japan's largest cold storage warehouses has been built in Kobe, a major international port and key distribution hub in the west, amid growing demand for frozen food, a logistics business operator said Monday.
GLP Japan Inc. unveiled a five-story facility with about 46,000 squa...

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Couche-Tard Not Considering Hostile Takeover Of Seven & I: Chairman

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JAPAN TODAY
 
Canada's Alimentation Couche-Tard Inc, the operator of Circle K convenience stores, said Thursday that its discussions with Seven & i Holdings Co to acquire the Japanese rival have been "friendly" and that it is not considering a hostile takeover.
At a press conference, the first he...

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Major Japan Firms Agree To Big Wage Hikes, Impact On BOJ Policy In Focus

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REUTERS
 
Many of Japan's biggest companies from tech conglomerates to Toyota have met union demands for substantial wage hikes for a third consecutive year, seeking to help workers cope with inflation and retain staff amid labour shortages.
As annual "shunto" or "spring labour offensive" negotia...

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Japan Aims To Increase Rice Exports 8-Fold To 350,000 Tons In 2030

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KYODO NEWS
 
The Japanese government plans to increase the country's rice exports by nearly eight-fold to 350,000 tons, worth 92.2 billion yen ($623 million), in 2030 from 2024, according to a policy presented to a ruling party meeting Wednesday.
The plan to boost exports through improved product...

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Japan's Shortage Of Full-Time Workers At Worst Level Since COVID

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JAPAN TODAY
 
Japanese firms are feeling the most acute shortage of full-time workers since the COVID-19 pandemic, with more than half of firms understaffed, according to a private-sector survey.
Among the around 11,000 companies who responded to the January survey, 53.4 percent said they need mo...

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Majority In Japan Expect Stronger Economic Ties Under Trump

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JAPAN TIMES
 
 
A majority of Japanese expect U.S.-Japan economic relations to strengthen under the administration of U.S. President Donald Trump, according to a Japanese Foreign Ministry survey.
Asked in which area relations are expected to strengthen, with multiple answers allowed, 52.1% of res...

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Indonesia, Japan To Collaborate On Kayan Hydropower Plant

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ANTARA NEWS
 
Indonesia's Coordinating Ministry for Economic Affairs and the Japanese Ministry of Economy, Trade, and Industry (METI) have signed a letter of intent (LoI) on cooperation in developing the Kayan hydropower plant in North Kalimantan.
"For Indonesia, the Kayan hydropower plant is not...

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Sony, Suntory Build U.S. Stockpiles As Japan Faces Trump Tariff Threat

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REUTERS
 
Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers shift production or supply chains in efforts to fend off an evolving threat of U.S. tariffs on the export-reliant economy.
In his latest trade salvo this week, Presi...

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GDP Ratio of Defense Costs Not Priority: Japan's Hayashi

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NIPPON
 
Raising the ratio of defense spending to gross domestic product is not a top priority in Japan's efforts to boost its defense expenditures, Chief Cabinet Secretary Yoshimasa Hayashi said Wednesday.
"What's important is the substance of our defense capabilities," Hayashi told a news confe...

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