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Mitsui OSK To Spend $9.4 Mil On Mauritius Clean-Up After Fuel Spill

  • Category:Event
JAPAN TODAY
 
TOKYO - The Japanese operator of a bulk carrier that leaked fuel off the Mauritius coast pledged Friday to pay at least $9.4 million to help restore areas affected by the spill.
Mitsui OSK Lines said in a statement that it planned "to contribute a total fund of about one billion Jap...

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Japan's Olympic Minister Vows To Hold Tokyo Games 'At Any Cost'

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BUSINESS STANDARD
 
Japan's Olympic minister Seiko Hashimoto said on Tuesday that the Tokyo Olympic and Paralympic Games should be held "at any cost", trying to clear all doubts amid the second wave of Covid-19 pandemic and worries of policy changes by a new government.
"All the people involved w...

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Nissan's Carlos Ghosn Gone, American Kelly Faces Japan Trial Alone

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BUSINESS STANDARD
 
 
His boss Carlos Ghosn escaped financial misconduct charges by fleeing the country, but another former Nissan executive is still awaiting trial in Japan: Greg Kelly.
Kelly's trial in Tokyo District Court is to open September 15, nearly two years after his arrest, and the same...

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Olympic Sponsors See Greatly Different Results

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THE JAPAN NEWS
 
The Tokyo Games brought starkly different results for businesses in Japan, with some benefiting and others seeing little impact from the Olympics.
Before the Olympics began, public opinion was divided over whether it was appropriate to hold the Tokyo Games, which ended Aug. 8, am...

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Tokyo Olympics Won’t Provide Much Economic Growth For Japan

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AP NEWS
 
TOKYO (AP) — IOC member John Coates, who oversees planning for next year’s Tokyo Olympics, has claimed the postponed games could help “kick start” Japan’s economy.
Japan has been devastated like many countries by the coronavirus pandemic and could be in a recession when the Olympics are...

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Japan's GDP Projected To Shrink Annualized 11% In April-June

  • Category:Event
KYODO NEWS
 
Japan's economy in the April-June period is projected to shrink an annualized real 11.08 percent from the previous quarter, marking the third consecutive quarter of contraction and the largest drop in over 11 years due to the coronavirus pandemic, according to a survey released Thurs...

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Japan Counts The Many Costs Of The Delayed Olympics

  • Category:Event
BUSINESS LIVE
 
The bill for a one-year postponement is expected to be $6bn, and the disruption is like a ‘kick in the guts’
Tokyo — Japan’s Olympic delay has upended years of careful planning by organisers and spawned costly headaches for small businesses, hotels and even pro baseball teams, com...

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Japanese Firms Struggle To Restart China Factories Amid COVID-19 Outbreak

  • Category:Event
JAPAN TIMES
 
Japanese manufacturers in China are facing challenges getting restarted after the extended Lunar New Year holiday because of restrictions on the movement of people and goods caused by COVID-19.
Mazda Motor Corp. planned to resume operations at a plant in Nanjing Wednesday but postpo...

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Nissan To Shut Japan Factory Due To Shortage Of Chinese Parts

  • Category:Event
BBC
 
Nissan is the latest car maker to temporarily shut one of its factories as it can't get parts from China.
The firm will halt production for two days at a plant in Japan which makes the Serena and X-Trail models.
Global car brands are facing similar disruptions as much of China's manufacturi...

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Japan Railway Glitch Halts Credit Card Ticket Purchases Nationwide

  • Category:Event
KYODO NEWS
 
TOKYO - Railway firms including East Japan Railway Co. and West Japan Railway Co. experienced a technical glitch with their ticketing system Monday morning that temporarily prevented credit card purchases, their ticketing system management company said.
Cash purchases and Central Jap...

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