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Sumitomo Mitsui Financial Group CEO Dies at 65

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JAPAN TODAY
 
Sumitomo Mitsui Financial Group (SMFG) on Monday said group CEO Jun Ohta died on Nov 25 aged 65 of pancreatic cancer.
Japan's second-biggest lender after Mitsubishi UFJ Financial Group said it plans to announce a successor in the near future as soon as an appointment is made.
Until ...

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Japan's PM Vows To Do Utmost To Tackle Negative Impact Of Price Hikes

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KYODO NEWS
 
Japanese Prime Minister Fumio Kishida pledged Tuesday to take all necessary measures to tackle the negative impact of recent price hikes by achieving wage growth in collaboration with the public and private sectors.
"We are now at a critical juncture in terms of whether we can guide ...

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Japanese Workers Took 62% Of Paid Leave Allocation In 2022: Gov't Survey

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JAPAN TODAY
 
Japan saw private-sector workers use more of their paid leave in 2022, at 62.1 percent on average or 10.9 out of 17.6 days of time off they were entitled to, as the country tries to reduce overwork, a recent government survey showed.
While the total ratio was a record high, up 3.8 p...

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Tax-Free Department-Store Sales In Japan Hit Record In October

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NHK
 
Spending by foreign tourists pushed up sales of tax-free items at department stores across Japan to a record high in October.
The Japan Department Stores Association says the figure came in at just over 38.3 billion yen, or about 257 million dollars. That's the highest amount for a single m...

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3 Japan Railway Firms to Introduce System to Pay Fare by Tapping Credit Card at Ticket Gates

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JAPAN NEWS
 
Three major private railway companies will introduce a system by the end of next year in which passengers can pay their fare by tapping a credit card at station ticket gates, sources said.
With the contactless payment system eliminating the need to purchase a ticket or charge a trans...

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Japan's Inflation Comeback Prompts Investors To Tear Up Old Playbooks

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REUTERS
 
Global inflationary forces are finally seeping into Japan's economy after decades of falling prices, forcing investors to radically rethink their Japan bets as the Bank of Japan considers a major policy shift.
International investors, who have long favoured stocks benefiting from Japan'...

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Japan Cuts Economic View, 1st In 10 Months, On Weak Domestic Demand

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KYODO NEWS
 
The government on Wednesday downgraded its assessment of Japan's economy for the first time in 10 months, saying it is recovering moderately but "appears to be pausing in part" on weak domestic demand, a worrying sign before new inflation relief steps are rolled out.
Among key compon...

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Komatsu Announces Plans To Acquire American Battery Solutions

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JAPAN TODAY
 
Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp, has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the conditio...

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Azabudai Hills Development, with Japan’s New Tallest Skyscraper, Opens Doors to Press in Tokyo

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JAPAN NEWS
 
The Azabudai Hills building complex, which features Japan’s tallest habitable building, was shown to the press by Mori Building Co. on Monday in Minato Ward, Tokyo.
The 64-story, 330-meter-tall Mori JP Tower, the centerpiece of the complex, rises higher than Osaka’s Abeno Harukas in ...

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Itochu Considers Acquisition of Scandal-plagued Used-car Dealer Bigmotor

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JAPAN NEWS
 
Trading house Itochu Corp. is considering the acquisition of scandal-plagued Bigmotor Co., a major used car dealer, it was learned Friday.
Itochu is expected to team up with J-Will Partners, a domestic corporate revitalization fund, and sign an exclusive agreement for the asset valua...

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