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Japan Agrees $21 Bln Extra Budget To Tackle Rising Living Costs

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REUTERS
 
 Budget estimated at 2.7 tln yen -lawmakerPM Kishida faces pressure over inflation as election nearsGovernment to announce relief measures on TuesdayMore spending would add to industrial world's biggest debt
TOKYO, April 21 (Reuters) - Japan's ruling coalition on Thursday agreed a suppl...

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Japanese Yen Could Weaken To 135 Per Dollar In The ‘Very Near Future,’ Says Wells Fargo

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CNBC
 
Key PointsThe Japanese yen may continue to see weakness against the U.S. dollar if the policies of the Bank of Japan and Federal Reserve continue to diverge, according to Wells Fargo Securities’ Brendan McKenna.The yen fell nearly 6% against the greenback in March, and is continuing to see...

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Government Eyes Extra Budget And Cash Handouts For Children In Low-Income Families

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JAPAN TIMES
 
The government and ruling bloc will aim to enact during the ongoing parliamentary session a fiscal 2022 supplementary budget and offer a cash handout program for low-income families with children, as part of efforts to shore up the economy, ruling party officials said Thursday.
The ...

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Suzuki: Japan Did Not Walk Out Of G20 Meeting But Criticized Russia

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THE JAPAN NEWS
 
Finance Minister Shunichi Suzuki said Wednesday that he did not follow the lead of the U.S., U.K. and Canadian finance chiefs in walking out when Russia spoke during a Group of 20 meeting in Washington.
“As a matter of fact, I did not walk out,” he said. “By not leaving, it means...

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Russia-Ukraine Conflict Buffeting Japan’s Used-Car Market

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THE JAPAN NEWS
 
Russia’s invasion of Ukraine is negatively impacting Japan’s used car market.
A shortage of semiconductors has slowed the supply of new cars amid the novel coronavirus pandemic, which had driven the prices of used cars higher. But the trend turned around after Moscow launched an ...

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Major Japan Firms Shifting Toward More Recruitment And Post-COVID Growth

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JAPAN TIMES
 
Forty-two percent of major Japanese firms are planning to increase hires of new graduates in fiscal 2023, a Kyodo News survey showed Sunday, reflecting more companies projecting a recovery from the coronavirus pandemic.
The ratio of such optimistic firms jumped by 25 points from a s...

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MHI Thermal Systems Launches New Air Conditioner Ads Featuring Actress Keiko Kitagawa

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JAPAN TODAY
 
Mitsubishi Heavy Industries Thermal Systems Ltd (MHI Thermal Systems), a Mitsubishi Heavy Industries (MHI) Group company, is airing new television commercials promoting its domestic lineups of air conditioners.
As with its previous ads, the new ads will be broadcast in two versions,...

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Nintendo Buys ¥5 Billion Plot Of Land For New Development HQ In Kyoto

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JAPAN  TODAY
 
There’s a plot of city-owned land in Kyoto that used to be the site of a factory and something called the Material and Disaster Prevention Center.
Since neither one of those facilities is in operation anymore the city has been looking for someone to purchase the land, and the buyer...

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Yen Plunges To Nearly 20-Year Low Against U.S. Dollar

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JAPAN TODAY
 
The Japanese yen plunged to its lowest level against the U.S. dollar in nearly 20 years on Wednesday, as the unit continued its fall amid the prospect of a widening monetary policy gap between the Bank of Japan and the U.S. Federal Reserve.
The currency sank to the lower 126 yen lev...

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Japan’s Honda Outlines Strategy To Forge Ahead On Evs

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AP NEWS
 
Honda is investing 5 trillion yen ($40 billion) over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday.
The products and services in the works will account for more than half of its 8 trillion yen ($64 b...

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