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Japan To Release 7.5 Million Barrels Of Oil From Reserves, Says Industry Minister

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CHANNEL NEWS ASIA
 
Japan will release 7.5 million barrels of oil from private reserves as a part of the coordinated release led by the International Energy Agency (IEA), its industry minister Koichi Hagiuda said on Friday (Mar 4).
The United States and other member states of the IEA on Tuesday a...

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Courtyard Nagoya Hotel Opens

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THE JAPAN NEWS
 
A new hotel on the former site of The Yomiuri Shimbun’s Chubu Branch Office in Nagoya was officially opened Tuesday by the major U.S. hotel chain Marriott International Inc., Sekisui House Ltd. and The Yomiuri Shimbun.
At the opening ceremony of Courtyard Nagoya, Karl Hudson, Mar...

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Japan's Fourth-Quarter Capital Expenditures Growth Rises

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JAPAN TIMES
 
Japanese firms increased spending on plant and equipment for the third consecutive quarter in October to December, as corporate sentiment got a boost from falling coronavirus cases and helped lift broader economic activity.
A solid recovery of business expenditures is likely to ease...

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Reclamation At Centrair Starts For Around-The-Clock Flights

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THE JAPAN NEWS
 
NAGOYA — Land reclamation work in the waters west of Chubu Airport in Aichi Prefecture has begun for the construction of new runways that will enable around-the-clock flights.
The construction being carried out by the Land, Infrastructure, Transport and Tourism Ministry is schedu...

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‘Cat Economics’ A ¥2 Trillion Business In Japan

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THE JAPAN NEWS
 
Cats have become a popular companion as people spend more time at home amid the prolonged COVID-19 pandemic, and manufacturers are taking advantage of the trend. In 2022, the economic effect of “Nekonomics,” or cat economics, is expected to reach almost ¥2 trillion.
Feb. 22 is Ca...

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Japan Braces For Even Higher Inflation Amid Ukraine Crisis

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JAPAN TIMES
 
Russia’s invasion of Ukraine has further worsened the outlook for global inflation, with the crisis already causing oil prices to soar — and economists say it may spike further.
The further rise in energy costs is expected to hurt the Japanese economy, which has already begun to fee...

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Cabinet Approves Bill To Beef Up Japan's Economic Security

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JAPAN TIMES
 
Prime Minister Fumio Kishida’s Cabinet on Friday approved a bill to boost Japan’s economic security in a bid to abate risks associated with rapidly changing geopolitical and geoeconomic circumstances.
Improving economic security is one of the primary policy agendas proposed by Kishi...

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Leaders: Okitane Usui, President And Chief Executive Officer Of Komeda Holdings Co. / Serving A Cup Of Coffee At The ‘Ultimate Relaxing Space’

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THE JAPAN NEWS
 
The coffee shop chain Komeda’s Coffee has managed to steadily add new stores during the coronavirus pandemic. Okitane Usui, president and chief executive officer of the parent company Komeda Holdings Co., talked to The Yomiuri Shimbun about his unique management strategy.
■ Leavi...

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Toyota Signals Readiness To Fully Meet Wage Demands

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THE JAPAN NEWS
 
Toyota Motor Corp. President Akio Toyoda signaled the company’s readiness on Wednesday to fully meet demands from its labor union in this spring’s wage talks.
The Japanese automaker’s management aims to reward employees sufficiently for their efforts over the past year, Toyoda sa...

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Japan Business Lobby Urges Easing Of Border Controls

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NHK
 
The head of Japan's biggest business lobby is urging the government to further ease entry restrictions on new foreign arrivals.
This comes after the government decided last week to raise the cap on daily entrants to 5,000 from 3,500 starting next month.
Speaking at a news conference on Mond...

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