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Japan Maintains View That Economy Is Recovering But Warns Of Omicron Risk

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JAPAN TIMES
 
The government on Tuesday retained its view that the domestic economy remains on a recovery track but warns of downside risks from a recent surge in infections with the omicron variant of the coronavirus.
The Japanese economy “shows movements of picking up recently as the severe sit...

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ANA, JAL To Return Domestic Flight Schedules To Pre-Pandemic Levels

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THE JAPAN NEWS
 
ANA Holdings Inc. and Japan Airlines said Tuesday they will bring back their schedules for domestic flights for fiscal 2022 to the pre-novel coronavirus pandemic levels.
Forecasting that domestic flight demand will recover in April-September, ANA Holdings’ All Nippon Airways will...

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Bank Of Japan Lifts Inflation Forecast; No Policy Change

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JAPAN TODAY
 
Japan's central bank revised its inflation forecast on Tuesday and adjusted its view of price risks, while leaving its monetary easing policy in place in a nod to lingering pandemic uncertainty.
As prices rise swiftly in other economies, Japan's inflation remains relatively feeble, ...

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Hong Kong Fund To Sell Japan, S.Korea Burger King Business In Deal Over $1bln - Source

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REUTERS
 
Private equity firm Affinity Equity Partners is this week launching the sale of its Burger King fast-food businesses in South Korea and Japan, in a deal that could fetch more than $1 billion, a person with knowledge of the matter told Reuters.
Hong Kong-based Affinity has appointed Gold...

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Mizuho Submits Business Improvement Plan

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NHK
 
Mizuho Financial Group has submitted a business-improvement plan to Japan's financial regulator, aiming to prevent a recurrence of its bank unit's system failures last year.
The plan, handed over to the Financial Services Agency on Monday, includes measures to secure personnel for system de...

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As Mcdonald’s Japan Restricts French Fry Sales, Rival Boosts Its Fry Sizes By 25%, At No Extra Cost

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JAPAN TODAY
 
These are dark days for French fry fans in Japan.
In December, McDonald’s Japan announced that it would be suspending sales of all French fry orders except smalls due to a potato shortage, and though they promised this would only last a few days, the chain has now said that the rati...

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TOTO To Build Faucet Factory In Vietnam

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THE JAPAN NEWS
 
FUKUOKA — Toto Ltd. will build a new factory for faucets in northern Vietnam to meet growing global demand, the company has announced.
Toto will invest about ¥10 billion in the new plant, as awareness of hygiene has been increasing worldwide with the spread of the novel coronavir...

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Japan’s New Prime Minister Takes On Abenomics’ Legacy

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FOREIGN POLICY
 
 Fumio Kishida’s New Populist Measures Look To Shrink Inequality And Stir A Sluggish Economy.Abenomics was supposed to be the magic toolkit that revitalized the Japanese economy. But nine years and a couple of prime ministers later, growth remains sluggish, and wealth disparity h...

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Luhut Offers Investment to Japan in Hydropower Plant

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TEMPO.CO
 
 
Jakarta - Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan offered investment opportunities to Japan to build hydroelectric power plants in a green industrial area in North Kalimantan.
The offer was made during his meeting with the Japanese Minister o...

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Japan Toaster Startup Smartphone Foray Craters Stock Price

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CHANNEL NEWS ASIA
 
A foray into smartphones by Japan's Balmuda Inc, best known for its high-end toasters, has cratered its stock price with the firm announcing this week it has halted sales of its poorly received handset.
Shares in Balmuda, which listed on Tokyo's start-up index in December 2020...

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