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Dollar Briefly Falls below 140 Yen in Asian Trading

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JAPAN NEWS
 
The dollar briefly slipped below ¥140 to hit its lowest levels since July last year in Asian trading Monday.
While the Tokyo market was closed for a national holiday, selling against the yen picked up its pace in other Asian markets amid emerging speculation that the Federal Reserve ...

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Businesses Warn Yellen On Political Pressure Over U.S. Steel Sale

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JAPAN TODAY
 
Major Japanese and American business groups have urged U.S. Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.
The $14.9 billion takeover, agreed by the firms in December, has met opposition...

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Chief Priest Of Tokyo Shrine Allegedly Took ¥250 Million From Amulet Sales

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JAPAN TIMES
 
The chief priest of a Tokyo shrine allegedly misappropriated ¥250 million from amulet sales, sources revealed Thursday.
The priest of Akabane Hachiman Shrine, located in Tokyo’s Kita Ward, allegedly diverted proceeds from amulet sales for his personal use, according to the Tokyo Reg...

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Japan Considers Company Support Measures For Long-Term LNG Contracts

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REUTERS
 
The Japanese government is considering support measures to make it easier for companies to enter into long-term purchase contracts for liquefied natural gas to ensure a stable supply of the super-chilled fuel, the industry ministry said on Wednesday.
At a meeting with energy experts to ...

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Japan's April-June GDP Growth Revised Down To Annualized Real 2.9%

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KYODO NEWS
 
Japan's economy grew an annualized real 2.9 percent in the April-June quarter, revised down from an initially reported 3.1 percent, as private consumption and capital spending were not as high as previously thought, the Cabinet Office said Monday.
Despite the downward revision, the f...

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Canadian Takeover Bid For Japan's 7-Eleven Could Change How The Asian Country Does Business

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THE WEEK
 
Convenience stores aren't just big business in Japan: They're a linchpin of the nation's culture — with reputations for tasty, well-prepared food and an astoundingly wide array of critical services — known as "konbini." Now a takeover bid could change everything.
7-Eleven stores are a ...

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Japanese Gov't To Use ¥989 Bil In Reserves To Curb Energy Bills

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JAPAN TODAY
 
The government decided Tuesday to allocate an additional 989.15 billion yen in subsidies to curb energy bills in Japan, largely depleting this fiscal year's reserve fund set aside to combat inflation.
This move brings the total state expenses for measures to address the cost-of-livi...

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Japan’s Rice Exports Hit Record High Of 24,469 Tons In Jan.-July Period; Agriculture Minister Emphasizes Domestic Rice Inventory Will Improve

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JAPAN NEWS
 
Japan’s rice export volume from January to July hit a record high 24,469 tons, increasing 23% from the same period last year, the Agriculture, Forestry and Fisheries Ministry announced Tuesday.
Though the private sector’s rice inventory has fallen to its lowest since 1999, rice meant...

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Nikkei Sinks Over 4% On U.S. Economy Fears, 3rd Biggest Fall Of Year

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KYODO NEWS
 
The Nikkei stock index on Wednesday plummeted more than 4 percent, its third-largest decline of the year, as weaker-than-expected U.S.
manufacturing data raised concern about a U.S. economic slowdown.
The 225-issue Nikkei Stock Average ended down 1,638.70 points, or 4.24 percent, fro...

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Japan External Trade Organization to Open Office in Kyiv, Aims to Help Japan-Linked Companies Boost Reconstruction

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JAPAN NEWS
 
The Japan External Trade Organization (JETRO) has announced it will open a local office in Kyiv on Oct. 10.
Through the office, JETRO will help Japan-affiliated companies contribute to economic reconstruction in the region.
About 40 Japan-affiliated companies, including manufacturers...

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