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Toshiba Names Houlihan Exective As Board Chair

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JAPAN NEWS
 
Toshiba Corp. on Thursday nominated Akihiro Watanabe, chairman of merger and acquisition advisory firm Houlihan Lokey K.K., as chairman of its board of directors.
The electronics and heavy machinery maker plans to seek approval for Watanabe and 12 other board member candidates at a s...

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Gov't Warns Of Rising Prices As Extra Budget Submitted To Diet

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JAPAN TODAY
 
Finance Minister Shunichi Suzuki said Wednesday surging raw material prices due to Russia's invasion of Ukraine may disrupt Japan's economic recovery from the coronavirus fallout, as the government submitted to the Diet a draft extra budget to fight inflation.
"Uncertainty over the ...

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Rice Cooker Manufacturers In Japan Adopt High-Tech Methods, Cash-In On High-End Models

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JAPAN NEWS
 
The humble electric rice cooker continues to evolve.
Some 50 years have passed since the first appearance of a then-cutting-edge model that could keep rice warm after cooking.
Nowadays, this heat-retention function is a standard feature of domestic rice cookers — an indispensable ite...

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Nissan Sakura Is A Cute Electric Runabout For Japan, Priced Under $14,000

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CAR AND DRIVER
 
The Sakura fits into Japan’s kei-car class, and its 20.0-kWh battery provides a claimed 112 miles of range for the tiny electric box.
 The Japan market has a new electric Nissan called the Sakura, which fits into the kei-car class and is named after the Japanese cherry blossom.Th...

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Corporate Japan Wary Of The Sliding Yen

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FINANCIAL TIMES
 
 
Higher energy and materials costs outweigh benefit of weak currency even for big exporters
As Canon kicked off Japan’s corporate earnings season in late April with an upgrade to its annual profit guidance, chief executive Fujio Mitarai welcomed the yen’s sharp decline as “a bi...

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Toyota Group Plant To Resume Operations

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THE JAPAN NEWS
 
An automobile assembly plant of a Toyota Motor Corp. group company that stopped its operations early Thursday morning due to an industrial water supply trouble in central Japan will operate as usual during the night on the same day, according to Toyota officials.
The Nagakusa pla...

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Japan's 1st-Quarter GDP Shrinks, Hit By COVID Restrictions, Higher Prices

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JAPAN TODAY
 
Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by COVID-19 restrictions and higher prices.
The world's third-largest economy shrank 0.2 percent quarter-on-quarter in the January-March period, slightly less than the market expectatio...

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Tokyo Court Rules COVID-19 Business Order Illegal

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NHK
 
A Japanese court has ruled a local government broke the law by ordering a restaurant chain to shorten its business hours to curb the spread of the coronavirus.
The Tokyo Metropolitan Government issued the order in March last year, based on legislation allowing governors to issue tougher ant...

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Suzuki To Build New Plant In Haryana, India

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THE JAPAN NEWS
 
Suzuki Motor Corp. said Monday that its Maruti Suzuki India Ltd. unit will build an automobile factory in Kharkhoda in Haryana, India, scheduled to go into operation in 2025.
The Japanese automaker will spend about 110 billion rupees ($1.41 billion) to build Maruti Suzuki’s third...

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Japan's Top Lender MUFG Expects Profit Fall After Record Year

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CNA
 
:Japan's largest lender Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it expects a 12 per cent drop in annual net profit due to market volatility and an uncertain economic outlook, after scoring a record profit for the previous year.
MUFG joins Sumitomo Mitsui Financial Group Inc...

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