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Rakuten Aims to Become Nation’s 4th Mobile Carrier

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Rakuten Inc. said Thursday that it aims to become the country’s fourth mobile carrier with its own communications infrastructure, hoping to launch the services in 2019.
The major cybermall operator will apply for frequency band allocation for the fourth-gener...

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Lawson to Start Unmanned Night Checkout Service

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Lawson Inc. said Monday it will introduce unattended checkout counter services late at night at some of its stores, in the first such step by a Japanese convenience store operator to tackle manpower shortages.
Lawson will start tests for such unattended opera...

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Metal Unions Request Moderate Hikes

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THE JAPAN NEWS
 
 
The Japan Council of Metalworkers’ Unions (JCM) is coordinating its member labor unions’ joint demand for a basic pay scale hike at ¥3,000 or more a month in the shunto annual spring labor-management wage negotiations in 2018.
JCM comprises major industrial federations of labor...

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FamilyMart to Open 24-hour Gyms

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THE JAPAN NEWS
 
TOKYO (Jiji Press)—Major convenience store operator FamilyMart Co. said Thursday it will start a 24-hour fitness gym business, tapping into consumers’ growing health consciousness.
Over the next five years, the company aims to open a total of 300 gyms, on the second floor of Fami...

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SoftBank Told About Uber Breach Before Public

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THE JAPAN NEWS
 
Uber Technologies Inc. disclosed its massive data breach to prospective investor SoftBank Group Corp. before revealing the details to the public.
The disclosure came as SoftBank conducts due diligence on the ride-hailing company ahead of a potential investment, Uber said in an em...

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Toshiba to Remove Times Square Advertising In Cost-cutting Move

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JAPAN TODAY
 
TOKYO - Toshiba Corp will remove its corporate logo from its prominent position atop the One Times Square building overlooking New York's iconic tourist hub as part of cost-cutting efforts, sources close to the matter said Wednesday.
In addition to terminating its contract for the T...

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Toshiba's Quarterly Profit Jumps 76% on Strong Memory Chip Demand

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JAPAN TODAY
 
Toshiba Corp reported a 76 percent jump in second-quarter operating profit on Thursday, driven by a strong performance from its memory chip unit which it recently agreed to sell for $18 billion.
The struggling industrial conglomerate said operating profit for the July-September quar...

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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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