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Nissan targets growth in Brazil despite sales slump
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JAPAN TODAY
Nissan plans to maintain investment and increase its share in the Brazilian auto market despite a 7.15% drop in car sales across the country last year, the firm’s chief executive said Tuesday.
“We are disappointed in where the Brazilian market stands but we shall continue to inves...
Nissan plans to maintain investment and increase its share in the Brazilian auto market despite a 7.15% drop in car sales across the country last year, the firm’s chief executive said Tuesday.
“We are disappointed in where the Brazilian market stands but we shall continue to inves...
- January 8, 2015
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Abenomics boost for property shrinks back to Tokyo
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JAPAN TODAY
An economic rebound and loose money policy under Prime Minister Shinzo Abe briefly halted a long slide in Japan’s commercial property market, but the benefits of “Abenomics” appear increasingly limited to Tokyo, leaving a moribund hinterland.
For a while, as the Bank of Japan prin...
An economic rebound and loose money policy under Prime Minister Shinzo Abe briefly halted a long slide in Japan’s commercial property market, but the benefits of “Abenomics” appear increasingly limited to Tokyo, leaving a moribund hinterland.
For a while, as the Bank of Japan prin...
- January 8, 2015
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Sharp president says meeting profit forecast very tough
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JAPAN TODAY
Sharp Corp’s president said it would be tough for the Japanese electronics company to meet its annual profit forecast as pressure to cut liquid crystal display (LCD) panel prices counters the benefits of a cheaper yen.
“To be honest, it is very tough,” President Kozo Takahashi tol...
Sharp Corp’s president said it would be tough for the Japanese electronics company to meet its annual profit forecast as pressure to cut liquid crystal display (LCD) panel prices counters the benefits of a cheaper yen.
“To be honest, it is very tough,” President Kozo Takahashi tol...
- January 8, 2015
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Japan's regional banks face stress test for ultra-low rates
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JAPAN TODAY
Japan’s financial regulator has begun stress tests on regional banks to determine how much their earnings would suffer if long-term interest rates remain near record lows under the Bank of Japan’s loose money policy, according to two people with direct knowledge of the process.
Th...
Japan’s financial regulator has begun stress tests on regional banks to determine how much their earnings would suffer if long-term interest rates remain near record lows under the Bank of Japan’s loose money policy, according to two people with direct knowledge of the process.
Th...
- January 8, 2015
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Isetan Mitsukoshi to hold New Year Festival at 3 main stores in Tokyo
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JAPAN TODAY
Isetan Mitsukoshi Holdings Ltd, the largest department store group in Japan, will hold a New Year Festival under the theme, “New Year for Enjoying the Future,” from Friday, January 2 to Tuesday, January 6 in all areas of its three core stores in Tokyo.
The three stores—Isetan Shin...
Isetan Mitsukoshi Holdings Ltd, the largest department store group in Japan, will hold a New Year Festival under the theme, “New Year for Enjoying the Future,” from Friday, January 2 to Tuesday, January 6 in all areas of its three core stores in Tokyo.
The three stores—Isetan Shin...
- January 8, 2015
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McDonald's Japan to put big-sized fries back on the menu from Jan 5
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JAPAN TODAY
McDonald’s said Friday that an emergency airlift has eased a French fries shortage in Japan which forced the chain to ration the crispy treat at more than 3,000 restaurants across the country.
From Jan 5, medium and large-sized fries will be back on the menu, almost three weeks af...
McDonald’s said Friday that an emergency airlift has eased a French fries shortage in Japan which forced the chain to ration the crispy treat at more than 3,000 restaurants across the country.
From Jan 5, medium and large-sized fries will be back on the menu, almost three weeks af...
- January 8, 2015
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Citigroup to sell Japan retail bank unit to SMBC
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JAPAN TODAY
Citigroup has agreed to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corp, the companies said Thursday.
The deal involves the sale of Citibank Japan’s ATMs and 32 retail branches including 740,000 customer accounts and about 2.5 trillion yen (about $21 bill...
Citigroup has agreed to sell its retail banking business in Japan to Sumitomo Mitsui Banking Corp, the companies said Thursday.
The deal involves the sale of Citibank Japan’s ATMs and 32 retail branches including 740,000 customer accounts and about 2.5 trillion yen (about $21 bill...
- January 8, 2015
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Subaru scraps plan to shift Crosstrek production to U.S.
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JAPAN TODAY
Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant in Indiana and will instead make the crossover SUV in Japan, a source familiar with the company’s production plans said.
Fuji Heavy, wh...
Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant in Indiana and will instead make the crossover SUV in Japan, a source familiar with the company’s production plans said.
Fuji Heavy, wh...
- January 8, 2015
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SMBC to buy Citi Japan retail business in October: sources
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REUTERS
Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc's (C.N) Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.
The Sumitomo Mitsui Financial Group Inc (8316.T) unit will announce the long...
Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc's (C.N) Japanese retail banking operations in October for about 40 billion yen ($330 million), people with knowledge of the matter said on Wednesday.
The Sumitomo Mitsui Financial Group Inc (8316.T) unit will announce the long...
- December 25, 2014
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Japan’s Farmers Brace for Change
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WALL STREET JOURNAL
ASHIWAZAKI, Japan—Like most Japanese farmers, Fumio Tamura works long hours and makes little money, especially with domestic rice prices down by around a quarter over the past couple of years.
“Rice has gotten so cheap that I can barely make any profit after paying all the...
ASHIWAZAKI, Japan—Like most Japanese farmers, Fumio Tamura works long hours and makes little money, especially with domestic rice prices down by around a quarter over the past couple of years.
“Rice has gotten so cheap that I can barely make any profit after paying all the...
- December 23, 2014
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