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Japan Clobbered By Weak Inflation, Business Confidence

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JAPAN TODAY
 
 
 
Tokyo (AFP) — Japan was clobbered with a one-two punch Friday as weak data and a lackluster business confidence report underscored the slowdown dragging on the world’s number three economy.
The poor readings will heap pressure on policymakers to unveil more stimulus, after the y...

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Mitsui Aims To Triple Profit From Energy

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THE JAPAN NEWS
 
TOKYO (Reuters) — Mitsui & Co plans to invest in natural resource assets, taking advantage of weak commodity prices, with an aim to more than triple its annual profit from the energy and metals segments to around $2 billion by 2020, its chief executive said.
Mitsui’s move is in c...

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Japan’s Economic Relations With Bangladesh Deepening

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THE JAPAN NEWS
 
Economic relations between Bangladesh, whose capital Dhaka was the site of a recent terrorist attack, and Japan have been rapidly deepening. An increasing number of Japanese companies choose the country rather than China as a production base due to its low labor costs.
Because Ba...

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Sony to Relaunch Robot Business

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Sony Corp. has said that it will restart its robot business following a 10-year hiatus after the nation’s electronics maker ended the production of AIBO dog-like robots in 2006.
The company already works on product planning and development of business models ...

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Line, The Year's Biggest Tech IPO, Struggles To Show Its Growth Plan Can Work

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JAPAN TODAY
 
TOKYO — In delaying its IPO by two years, Japanese messaging app company Line Corp bought time to correct weak financial reporting controls, work on its business plan, bolster staffing - and left billions of dollars on the table as its valuation shrivelled.
Line’s initial public off...

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Nikkei Plunges Almost 8% in Brexit Selloff

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JAPAN TODAY
 
TOKYO — Tokyo’s benchmark stock index nosedived almost 8% Friday as Britain’s decision to leave the European Union sparked an avalanche of selling and wild swings on currency markets.
The Nikkei 225 plunged 7.92%, or 1,286.33 points, to 14,952.02 in its biggest one-day fall since Ja...

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Scandal-hit Mitsubishi Motors Forecasts Y145 Bil Loss

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JAPAN TODAY
 
TOKYO — Mitsubishi Motors on Wednesday warned it is on track to lose 145 billion yen ($1.4 billion) this fiscal year in the wake of a mileage-cheating scandal that slammed the brakes on sales.
The expected shortfall would reverse a year-earlier profit and mark the automaker’s first ...

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IMF Urges 'Reloaded' Abenomics for Japan Growth Targets

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JAPAN TODAY
 
TOKYO — The IMF said Monday that Japanese Prime Minister Shinzo Abe’s eponymous economic revitalisation plan needs to be “reloaded” with steps to increase incomes and achieve labour reforms to meet ambitious growth and inflation targets.
Abe swept to power in late 2012 on a pledge t...

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Kuroda Dismisses Talk of ‘Helicopter Money’

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THE JAPAN NEWS
 
There is growing concern outside Japan over whether the Bank of Japan will adopt so-called helicopter money as part of its monetary easing policy, since the bank’s current easing policy is seen as bearing little fruit.
Helicopter money is thought to stimulate demand by distributi...

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Fitch Cuts Outlook on Japan Over Sales Tax Delay

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JAPAN TODAY
 
TOKYO — Fitch on Monday cut its outlook for Japan, citing Tokyo’s decision to postpone a sales tax hike seen as critical to paying down one of the world’s biggest national debts.
The company said it was changing its view to negative from stable but left Japan’s “A” credit rating unc...

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