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Aeon Bank Receives Business Improvement Order For Inadequate Anti-Money Laundering Measures

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JAPAN TODAY
 
The Financial Services Agency has issued an order to Aeon Bank to improve its business practices after it judged the bank’s measures against money laundering to be inadequate.
Aeon Bank, operated by retail company Aeon Co, has around 6,800 automated teller machines at its outlets, t...

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TSMC Begins Mass Production At 1st Japan Chip Plant In Kumamoto

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KYODO
 
Taiwan Semiconductor Manufacturing Co. said Friday it has started mass production at its first factory in Japan, as the government steps up efforts to strengthen supply chains for critical and essential goods.
The factory in Kumamoto Prefecture produces logic chips with 12 to 28 nanometer...

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Toyota Global Output Falls 6.2% In November

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JAPAN TODAY
 
Toyota Motor Corp said Wednesday that its global production in November dropped 6.2 percent from a year earlier to 869,230 vehicles, due partly to equipment inspections that led to temporary suspensions at some domestic plants.
The decline was also attributed to fewer operating days...

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Japan’s FSA to Issue Business Improvement Order to Aeon Bank; Deficiencies in Bank’s Anti-Money Laundering Measures Cited

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JAPAN NEWS
 
The Financial Services Agency plans to issue a business improvement order to Aeon Bank, Ltd. as a result of finding deficiencies in the bank’s anti-money laundering measures, it has been learned.
The FSA cited insufficient measures and is likely to call for Aeon Bank to improve its r...

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CFIUS Unable to Reach Consensus on Nippon Steel’s U.S. Steel Bid

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JAPAN NEWS
 
The Committee on Foreign Investment in the United States (CFIUS) has told the White House it is unable to reach a consensus on the national security risks involved in Nippon Steel’s proposed acquisition of U.S. Steel X.N, the Washington Post reported on Monday.
The high-level governm...

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Japan To Order Google To Stop Violating Antitrust Law

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KYODO NEWS
 
Japan's competition watchdog plans to order U.S. IT giant Google to halt violations of the country's antitrust law, sources familiar with the matter said Sunday.
The watchdog suspects that Google has unfairly pressured smartphone manufacturers to pre-install its search app, the sourc...

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Honda And Nissan Expected To Begin Merger Talks

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JAPAN TODAY
 
 
Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles.
Their collaboration would create the world's third largest automaker, expanding development of EVs and self-drivi...

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Yen Drops To 156 Against Dollar As BOJ Maintains Key Interest Rate

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JAPAN TODAY
 
The yen weakened against the dollar Thursday after the Bank of Japan kept borrowing costs unchanged, extending a retreat for the currency that came after the Federal Reserve forecast fewer rate cuts.
The BOJ said after a two-day policy meeting that it would hold rates at around 0.25...

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Keidanren Picks Nippon Life Insurance Chairman Tsutsui as Next Chief; He was Chosen for His Business Connections, Understanding of Decarbonization

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JAPAN NEWS
 
The Japan Business Federation, or Keidanren, plans to appoint Nippon Life Insurance Co. Chairman Yoshinobu Tsutsui as its next chairman to succeed Masakazu Tokura, whose term of office expires in May.
The country’s biggest business lobby is expected to finalize the appointment at a m...

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Chipmaker Kioxia Debuts In One Of Japan's Biggest Ipos This Year

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KYODO NEWS
 
Japanese chipmaker Kioxia Holdings Corp. debuted on the Tokyo stock market Wednesday, with its opening price falling short of its initial offering price of 1,455 yen ($9) in one of Japan's biggest IPOs this year.
Shares of Kioxia opened at 1,440 yen on the first day of trading on the...

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