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Japanese Stocks, Long Shunned, Attracting Billions of Foreign Dollars

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JAPAN TODAY
 
NEW YORK/TOKYO - Japan is shaking off currency gains that typically punish its stocks, enticing foreign investors including Goldman Sachs Group Inc and BlackRock Inc, which are pumping billions of dollars into the country’s equities.
The Nikkei index rose to its highest levels since...

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Nikkei Closes at 21-year High

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JAPAN TODAY
 
TOKYO - Tokyo's benchmark stock index closed at a more than two-decade high Wednesday, as the Japanese market rides a global equities rally with its U.S. counterparts hitting fresh records.
The Nikkei 225 rose 0.28 percent, or 57.76 points, to end at 20,881.27, its best finish since...

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Japan Successfully Extracts Minerals From Deep Sea

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — The industry ministry and state-affiliated Japan Oil, Gas and Metals National Corp., or JOGMEC, said Tuesday that they have succeeded in salvaging minerals from the sea bottom at a depth of some 1,600 meters in a test conducted near the nation’s southernmost ...

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Japanese Businesses Strive For Toehold in Russia’s Far East

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THE JAPAN NEWS
 
KHABAROVSK, Russia — Japanese companies are striving to establish businesses in the Russian Far East (see below), a region where Russian President Vladimir Putin is currently focusing on development.
Russia is trying to lure foreign companies into the region with the aim of devel...

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Japan Inc Turns Contract Workers Into Permanent Staff as Labor Market Tightens

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JAPAN TODAY
 
TOKYO - Japan's labor market is getting so tight that companies are starting to convert contract and part-time workers into full-time, regular employees to prevent them from leaving - a move that could lift wages and spending but squeeze profits.
The trend is a reversal from the dec...

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Banks Seek to Reform Branches

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Major Japanese banks are seeking next-generation branches at a time when the number of customers visiting outlets for settlement services is declining on the back of the growing popularity of internet banking services.
Specifically, they are trying to strengt...

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Toshiba, Western Digital Reach Broad Agreement On Chip Unit Sale

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JAPAN TODAY
 
TOKYO - Toshiba Corp and Western Digital Corp reached a broad accord on the sale of the Japanese conglomerate's chip unit as the U.S. company has agreed to drop its legal actions, sources close to the matter said Monday.
Western Digital CEO Steve Milligan is currently visiting Japan...

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Smartphone Screen Maker Japan Display to Cut 30% of Workforce

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JAPAN TODAY
 
TOKYO - Japan Display said Wednesday it would slash 3,700 jobs, or about 30 percent of its workforce, as the struggling smartphone screen maker warned it lost money again in the latest quarter.
Citing intense competition, the Tokyo-based company said it would cut 3,500 positions at ...

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ANA Profit Jumps On Budget Carrier Boost

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JAPAN TODAY
 
TOKYO - The parent company of Japanese carrier All Nippon Airways (ANA) said Wednesday its quarterly net profit skyrocketed after it raised its stake in a budget carrier, confirming it is on course for a new record full-year profit.
ANA Holdings has soared in recent years, booking a...

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Japan Vows to Ramp Up Efforts to Export Renewable Energy Technology

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JAPAN TODAY
 
TOKYO - Foreign Minister Fumio Kishida pledged Thursday that Japan will aggressively pursue the export of renewable energy technologies to tap into growth spurred via the worldwide transition to clean energy sources necessitated by the onset of climate change.
Emphasizing that energ...

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