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Mitsui & Co. Tops 1 trillion Yen in Net Profit

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THE JAPAN NEWS
 
Mitsui & Co. said Tuesday that its consolidated net profit for the year that ended in March rose 23.6% from the previous year to ¥1,130,630 million.
The company became the first Japanese trading house to post an annual net profit of over ¥1 trillion, backed by a surge in crude oi...

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Jack Ma Takes Up Visiting Professorship In Japan

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CNN
 
Jack Ma has a new job: visiting professor in Japan.
The Chinese billionaire has joined Tokyo College, under the University of Tokyo, according to a Monday statement on its website.
In his role, Ma will work with researchers, serve as an adviser to the college and participate in seminars. He...

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JAL Flies Back Into The Black As Travel Demand Picks Up

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JAPAN TODAY
 
Japan Airlines logged Tuesday an annual net profit for the first time in three years, buoyed by soaring domestic and international demand for travel after pandemic restrictions were eased.
The carrier, Japan's second-largest by market share, said net profit for the year to March was...

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Joby, Toyota Expand Partnership With Long-Term Supply Agreement

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JAPAN TODAY
 
Joby Aviation Inc, a company developing all-electric aircraft for commercial passenger service, has signed a long-term agreement with Toyota Motor Corp to supply key powertrain and actuation components for the production of the company’s aircraft.
The agreement builds on the long-st...

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BOJ's New Chief Keeps Ultra-Low Rates, Embarks On Policy Review

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REUTERS
 
SummaryBOJ keeps ultra-low interest rate targets unchangedRevamps guidance, removes pledge to keep rates at low levelsQuarterly report projects inflation to hit 1.6% in fiscal 2025Ueda vows to keep ultra-loose policy, warns of YCC side-effectsReview will take 1-1.5 years, won't bind nea...

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Japan's FY2022 Jobless Rate At 2.6%; Improves For 2nd Year In Row

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JAPAN TODAY
 
Japan's unemployment rate for fiscal 2022 fell by 0.2 percentage point from the previous year to an average of 2.6 percent, marking the second straight year of improvement amid a steady recovery from the COVID-19 pandemic, government data showed Friday.
The job availability ratio ro...

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Japan’s SMBC Plans To Triple Stake In Jefferies In Wall Street Push

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FINANCIAL TIMES
 
 New York and Tokyo banks seek deeper ties as they try to compete with larger rivals
Sumitomo Mitsui Banking Corporation is planning to triple its stake in US investment bank Jefferies Financial Group, deepening ties between the Wall Street and Tokyo banks in an effort to compet...

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Hiroshima Wagyu Beef Project Starts, Inspired by G7 Summit

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THE JAPAN NEWS
 
The G7 summit next month is inspiring beef producers and wholesalers in Hiroshima Prefecture to start their own Hiroshima Gyu7 project.
Ahead of the meeting of the heads of major democratic powers, the project aims to use the lead-in to the summit as a springboard to improve the ...

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Tablecross To Promote Gastronomy Tourism And Strengthen Creation Of Original Food Experiences In Japan

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JAPAN TODAY
 
Tablecross Co Ltd, which provides byFood.com, a leading food tourism platform for inbound travelers to Japan, has announced that it has secured $2.24 million in Series A funding to expand recruitment, marketing, and system integration development.
The investment was led by Shoku no ...

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Japan Has Millions Of Empty Houses. Want To Buy One For US$25,000?

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BUSINESS TIMES
 
WHEN Jaya Thursfield found a house he wanted to buy in Japan a few years ago, friends and family told him to forget it. The place wasn’t worth the trouble, they said.
After all, it stood in a forest of shoulder-high weeds after being abandoned about seven years earlier – one of t...

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