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IMF Boosts Japan Growth Forecast, Warns Over Deflation

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JAPAN TODAY
 
TOKYO — The International Monetary Fund Tuesday lifted its outlook for Japan’s economy this year and in 2017, pointing to huge government stimulus spending, but warned the country’s longer-term prospects were bleak.
The Washington-based IMF upgraded its growth projections for the wo...

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Weak Spending, Inflation Data Hit Japan Recovery Hopes

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JAPAN TODAY
 
TOKYO — Spending among Japanese households tumbled last month and consumer prices fell again, data showed Friday, after the Bank of Japan announced it was overhauling a faltering bid to conquer deflation.
The disappointing data marked the latest red flag for the world’s number three...

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Panel Warns Tokyo Olympics Price Tag Could Top ¥3 Trillion

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — The total costs for the 2020 Olympic and Paralympic Games in Tokyo would surpass ¥3 trillion if the present plans were to be implemented, a panel commissioned by the metropolitan government said Thursday.
To cut the costs, the panel proposed a drastic review ...

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Hitachi, Toshiba, MHI Seek to Merge Nuclear Fuel Units

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THE JAPAN NEWS
 
 
Hitachi Ltd., Toshiba Corp. and Mitsubishi Heavy Industries Ltd. (MHI) have started talks on merging their nuclear fuel units, with the aim of reaching an agreement by the end of this year, it has been learned.
The most likely plan would be to establish a new holding company — ...

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Gov't To Import 4,000 Tons of Butter To Ease Shortage

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JAPAN TODAY
 
TOKYO — The Ministry of Agriculture, Forestry and Fisheries has announced a plan to increase butter imports by 4,000 tons in preparation for the Christmas and Valentine seasons.
The ministry implemented a similar policy last year as milk production declined in Hokkaido and other pre...

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Takata Lifelines Scrutinized by Carmakers Stuck in Cost Bind

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JAPAN TIMES
 
 
Takata Corp. and some of the world’s biggest carmakers face an extensive, expensive to-do list as they try to resolve the worst safety crisis in the auto industry’s history.
Executives for the Tokyo-based maker of air bags are scheduled to meet in Japan with Honda Motor Co. and of...

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Companies Aim For Barrier-free Society

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THE JAPAN NEWS
 
Japanese companies are reinforcing their efforts and developing products that can contribute to the realization of a “barrier-free society,” including eliminating uneven surfaces in passageways and improving services at shops, ahead of the 2020 Tokyo Olympic and Paralympic Games....

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Japan Move Shows Limit of Central Bank Powers

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JAPAN TODAY
 
TOKYO — Japan’s central bank has revealed yet another exotic weapon to generate growth, but skeptics say all it shows is that the armoury is empty and a long battle against deflation is being lost.
With the European Central Bank apparently set to embark down a similar path and the F...

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JAL Unveils Doraemon Jet For Flights to China

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Japan Airlines unveiled a special aircraft adorned with Doraemon graphics in Tokyo on Wednesday for use in flights between Japan and China.
It will be the first time for an aircraft featuring the popular Japanese manga character, which is also recognized by m...

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Japan Logs Surprise Trade Deficit in August

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JAPAN TODAY
 
 TOKYO —Japan’s exports tumbled and the country logged a surprise trade deficit in August, data showed on Wednesday, reviving concerns about the economy just before the Bank of Japan wraps up a closely watched meeting.
Shipments overseas fell 9.6% from a year earlier as a strong yen...

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