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Nippon Steel Reapplies For U.S. Steel Buyout Review

  • Category:Other
JAPAN TODAY
 
Nippon Steel Corp has reapplied to the U.S. committee on foreign investment for a review of its planned acquisition of United States Steel Corp, sources familiar with the matter said Tuesday, with U.S. President Joe Biden reportedly preparing to block the deal.
The reapplication wil...

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Japan Game Industry to Enhance Disclosure to Attract Talent

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JAPAN NEWS
 
The Japanese game industry will bolster the disclosure of data related to average annual income and market size to attract talented individuals, industry group leader Haruhiro Tsujimoto has said.
“We want to visualize (the industry’s) current growth and have people in and outside Jap...

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Bank Of Japan Leaves Key Interest Rate Unchanged

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JAPAN TODAY
 
The Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets.
Two days after the U.S. Federal Reserve slashed rates for the first time since the start of the pandemic, the BOJ'...

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Japan's Exports Slow Sharply, Machinery Orders Shrink In Blow To Economic Recovery

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REUTERS
 
Japan's export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.
The frail external demand undermines Japan's ques...

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Dollar Briefly Falls below 140 Yen in Asian Trading

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JAPAN NEWS
 
The dollar briefly slipped below ¥140 to hit its lowest levels since July last year in Asian trading Monday.
While the Tokyo market was closed for a national holiday, selling against the yen picked up its pace in other Asian markets amid emerging speculation that the Federal Reserve ...

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Businesses Warn Yellen On Political Pressure Over U.S. Steel Sale

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JAPAN TODAY
 
Major Japanese and American business groups have urged U.S. Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.
The $14.9 billion takeover, agreed by the firms in December, has met opposition...

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Chief Priest Of Tokyo Shrine Allegedly Took ¥250 Million From Amulet Sales

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JAPAN TIMES
 
The chief priest of a Tokyo shrine allegedly misappropriated ¥250 million from amulet sales, sources revealed Thursday.
The priest of Akabane Hachiman Shrine, located in Tokyo’s Kita Ward, allegedly diverted proceeds from amulet sales for his personal use, according to the Tokyo Reg...

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Japan Considers Company Support Measures For Long-Term LNG Contracts

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REUTERS
 
The Japanese government is considering support measures to make it easier for companies to enter into long-term purchase contracts for liquefied natural gas to ensure a stable supply of the super-chilled fuel, the industry ministry said on Wednesday.
At a meeting with energy experts to ...

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Japan's April-June GDP Growth Revised Down To Annualized Real 2.9%

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KYODO NEWS
 
Japan's economy grew an annualized real 2.9 percent in the April-June quarter, revised down from an initially reported 3.1 percent, as private consumption and capital spending were not as high as previously thought, the Cabinet Office said Monday.
Despite the downward revision, the f...

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Canadian Takeover Bid For Japan's 7-Eleven Could Change How The Asian Country Does Business

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THE WEEK
 
Convenience stores aren't just big business in Japan: They're a linchpin of the nation's culture — with reputations for tasty, well-prepared food and an astoundingly wide array of critical services — known as "konbini." Now a takeover bid could change everything.
7-Eleven stores are a ...

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