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Japanese Government Urges Businesses To Raise Wages On Par With Price Hikes

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JAPAN TODAY
 
Japan on Friday urged companies to raise wages on par with price hikes of around 2 percent, a level the central bank has set as its inflation target, so that the world's third-largest economy can complete its exit from deflation.
The government said in its Annual Report on the Japan...

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Warm Water Spray Seat Shipments Reach 100M Units In Japan

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JAPAN TODAY
 
The Japan Sanitary Equipment Industry Association, which is composed of Japanese companies engaged in the manufacturing of toilets is proud to announce that the number of warm water spray seat shipments since the industry began tracking statistics (1987) has reached 100 million unit...

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Yotel To Open First Hotel In Japan

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BUSINESS TRAVELLER
 
The Yotel brand is set to debut in Japan in 2024.
Yotel Tokyo will be located in the city’s Ginza neighbourhood and include 244 rooms, the brand’s signature robot concierge Yobot, motorised SmartBeds and contactless technologies from reservation up to check-out.
There will al...

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Bank Of Japan Sticks To Easing, Raises Inflation Forecast

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JAPAN TODAY
 
The Bank of Japan dug its heels in on its easy-money policies Thursday while raising its inflation forecast, even as other countries hike interest rates to tackle soaring prices.
Policymakers have refused to move away measures put in place a decade ago as the BOJ battles to achieve ...

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SAP Announces Q2 and Half-Year 2022 Results – Asia Pacific and Japan View

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SAP NEWS
 
On July 21, SAP announced its Q2 2022 earnings.SAP is executing on its cloud-led strategy, which is driving accelerating cloud growth through both new business and cloud adoption by existing customers.Cloud revenue is up 34% and up 24% at constant currencies to become the largest reven...

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BOJ Retains Easy Policy, Kuroda Shuns Chance Of Near-Term Rate Hike

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REUTERS
 
 BOJ maintains short-, long-term rate targetsBoard raises price forecasts, warns of economic risksBOJ eyes inflation topping its target this year, slow next yearKuroda rules out chance of rate hike, increase in yield capBig rate hikes to slow yen's slide would hurt economy - Kuroda 
The...

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Financial Services Group Orix, Utility Kansai Electric Construct 113mwh Battery Storage System In Western Japan

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ENERGY STORAGE NEWS
 
A joint venture (JV) in Japan between financial services group Orix and regional utility company Kansai Electric (KEPCO) will build and operate a large-scale battery storage system.
Orix said last week that the JV is preparing to begin construction this August of the 48MW/11...

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Nippon Steel Buys LNG At Highest Price Ever Paid In Japan

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COLORS OF INDIA
 
Nippon Metal, the world’s second-largest steelmaker, has not too long ago bought a liquefied pure fuel cargo on the highest value ever paid in Japan amid rising fears of disruptions of LNG provides from Russia.
Nippon purchased an LNG cargo for supply in September at a value of ...

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Dollar Passes ¥139, Rewriting 24-Year High

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JAPAN NEWS
 
The dollar shot up above ¥139 for the first time since September 1998 in Tokyo trading Thursday, in anticipation of an aggressive interest rate hike by the U.S. Federal Reserve.
At 5 p.m., the dollar stood at ¥139.10-11, up from ¥137.04-04 at the same time Wednesday. The euro was at ...

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2023 Honda ZR-V Hybrid Debuts In Japan

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CAR EXPERT
 
A crossover like the new Honda ZR-V unveiled overnight in Japan will some day slot into the Australian range between the HR-V and CR-V.
The Honda ZR-V e:HEV has been unveiled overnight in Japan. While it’s essentially a rebadged American HR-V there are a host of small changes, and fe...

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