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All-Japan Committee Meets To Promote Sapporo Olympic Bid

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AP NEWS
 
Yasuhiro Yamashita, the head of the Japanese Olympic Committee, acknowledged the biggest stumbling block to holding the Olympics is the billions in costs.
However, in another breath on Tuesday at a so-called “All Japan” meeting to promote Sapporo’s bid for the 2030 Winter Olympics, he s...

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Japan's Opn Raises $120 Million, Becomes Rare Unicorn

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REUTERS
 
Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more than $1 billion, in Japan.
The startup raised funds from the venture capital arm of the government-backed Japan Investmen...

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BOJ Rules Out Widening Yield Band To Stem Yen Fall

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CNA
 
The Bank of Japan has no plan to allow long-term interest rates to move more widely around its 0 per cent target to stem sharp falls in the yen, a central bank executive said on Tuesday, saying such a move would be tantamount to a rate hike.
The BOJ currently offers to buy unlimited amounts...

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Marubeni Corp. To Begin Selling Land-Based Farm Salmon In 2024

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THE JAPAN NEWS
 
Marubeni Corp. will begin sales of Atlantic salmon raised at a land-based farm in Shizuoka from 2024, the general trading company has announced.
Marubeni signed a contract with Norwegian land-based salmon farming company Proximar Seafood AS, which is constructing the farm, to be ...

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Japan May Spend $100 Billion To Slow Yen’s Slide, Bank Of America Says

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JAPAN TIMES
 
The yen may extend declines to ¥140 per dollar and that could trigger the government to spend $100 billion (about ¥12.9 trillion) to limit further losses, according to Bank of America analysts.
The currency hasn’t weakened to ¥140 against the dollar since 1998, but it may be pushed ...

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Hondajet Flight Service To Be Tested This Year

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THE JAPAN NEWS
 
A transportation service using the domestically produced HondaJet light business jet is scheduled to begin on a trial basis this year, Honda Motor Co. has announced.
The service will target corporate employees and private business owners, ferrying them on business trips and for o...

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Japan's ENEOS Withdraws From Myanmar Gas Project

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JAPAN TODAY
 
Japanese energy conglomerate ENEOS Holdings said Monday it will withdraw from a gas project in coup-hit Myanmar, days after its Thai and Malaysian partners announced they would pull out.
ENEOS is the latest energy giant to retreat from the Southeast Asian country, whose military has...

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Golden Week Getaways Begin Without Pandemic Restrictions

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THE JAPAN NEWS
 
Transport facilities were crowded with travelers at the start of the Golden Week holiday, which has kicked off without pandemic-related restrictions for the first time in three years.
At around 7 a.m. Friday, lines of travelers with large suitcases snaked around the departure lob...

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Pokemon Video Game Developer Will Allow Employees To Choose Four-Day Work Week

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JAPAN TODAY
 
At its core, Pokemon is a video game series about obsessive dedication. “Gotta catch ‘em all” isn’t a command so much as a perfectly natural rendering of the inner monologue of the series’ biggest fans.
That said, Game Freak, the company that develops the Pokemon games (Nintendo is ...

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Tokyo Guesthouse Operator Diversifies Business In Response To Lack Of Tourists

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THE JAPAN NEWS
 
The ongoing pandemic and entry restrictions placed on foreign visitors have hit accommodation businesses hard in Tokyo that have long met the demand from tourists.
Among them, guesthouse operator Takayuki Watanabe, president of Shukuba Japan, discussed his company’s efforts to su...

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