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Bank Of Japan Chief Signals Further Rate Hikes To Prevent Sharp Inflation

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KYODO NEWS
 
Bank of Japan Governor Kazuo Ueda underscored Monday that raising interest rates would be essential to prevent sharp inflation and ensure long-term economic growth, in remarks that could fuel market expectations the central bank is close to another rate hike.
The BOJ will continue to...

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Japan’s Economy Expands Annualised 0.9% in Q3 on Tepid Capex

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JAPAN NEWS
 
Japan’s economy expanded by an annualised 0.9% over the July-September quarter, government data showed on Friday, slowing from the previous three months due to tepid capital spending.
The slower growth data highlights Japan’s frail economic recovery, as domestic demand has not fully ...

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7-Eleven Owner Considers Going Private To Avoid Foreign Buyout: Reports

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JAPAN TODAY
 
The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said on Wednesday.
Seven & i Holdings is eyeing the move as a countermeasure to Circle K owner Alimentation Couche-Tard's sev...

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Draft Of Japan Govt Economic Plan Stipulates Support For AI, Semiconductor Sectors; Increased Household Benefits, Improved Disaster Shelters Also Eyed

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JAPAN TIMES
 
Measures for economic growth to increase wages and income, as well as ones to deal with rising prices, will be pillars of the government’s comprehensive economic measures to be compiled by the end of the month, according to a draft obtained by The Yomiuri Shimbun.
The draft stipulat...

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Honda To End Production Of Super Cub 50 Motorcycle In May 2025

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JAPAN TODAY
 
Honda Motor Co plans to end production of its iconic Super Cub 50 motorcycle in May 2025 ahead of the introduction of stricter vehicle emissions standards in Japan later that year.
Honda will begin selling the "Final Edition" model of the 50 cc engine motorcycle on Dec 12 at a sugge...

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Sony Quarterly Net Profit Jumps But Forecast Unchanged

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JAPAN TODAY
 
Sony's net profit jumped in the second quarter thanks to stronger sales in gaming, music and imaging sensors, the PlayStation maker said Friday but left its annual profit forecasts unchanged.
The yen's weakness against the dollar and euro had a positive impact on takings in those ke...

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Nippon Steel Hopes To Finish U.S. Steel Buyout By Year-End

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JAPAN TODAY
 
Nippon Steel Corp hopes to complete its planned acquisition of United States Steel Corp by the end of the year, before U.S. President-elect Donald Trump returns to the White House, an executive said.
"We are now in a position to make measured discussions," Nippon Steel Vice Chairman...

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Toyota Maintains Net Profit Forecast Despite Drop In First Half

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JAPAN TODAY
 
Japanese auto giant Toyota kept its annual net profit forecast unchanged on Wednesday, despite logging a 26 percent drop for the first half of this financial year.
The world's top-selling automaker said unit sales were hit by production cuts in its home market, related to a failure ...

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Nintendo’s Switch Successor to Be Backward Compatible; Online Services Also Carried Over to New Console Generation

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JAPAN NEWS
 
Nintendo Co. said Wednesday that the successor to its Nintendo Switch flagship game console will be compatible with existing Switch games.
Nintendo Switch Online, a paid service, will be also available on the successor console, the company said.
Nintendo President Shuntaro Furukawa m...

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Japan Stocks Higher At Close Of Trade; Nikkei 225 Up 2.16%

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INVESTING
 
Japan stocks were higher after the close on Wednesday, as gains in the Glass, Transportation Equipment and Banking sectors led shares higher.
At the close in Tokyo, the Nikkei 225 gained 2.16%.
The best performers of the session on the Nikkei 225 were IHI Corp. (TYO:7013), which rose ...

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