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G-20 Finance Ministers Back Plan To Stop Use Of Tax Havens

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THE JAPAN NEWS
 
Top finance officials representing most of the world’s economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
Finance ministers from the Group of 20 countrie...

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Japan’s SMFG Nears $2 Billion Deal for Fullerton India

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BLOOMBERG
 
Sumitomo Mitsui Financial Group Inc. will buy a 74.9% stake in Fullerton India Credit Co. for about $2 billion, marking the first entry into the South Asian country’s retail financial business by a Japanese bank.
Japan’s second-largest lender will eventually acquire the rest of the In...

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CEO Who Failed In Silicon Valley Spurs 4,500% Stock Gain At Home In Japan

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JAPAN TIMES
 
 
Takanori Nakamura pulled out of Silicon Valley in 2015 after his mobile marketing software flopped and decided to focus everything on his home country, Japan.
Now those efforts are paying off. His company, Rakus Co., has surged more than 4,500% since going public in Tokyo that yea...

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Suga Adviser Calls For 3% Hike In Japan's Minimum Wages

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JAPAN TIMES
 
Japan’s minimum wages must be raised by at least 3% in fiscal 2021, which started in April, said David Atkinson, a member of the government’s growth strategy panel.
In a recent interview, the 56-year-old Atkinson, who is known to be a key adviser to Prime Minister Yoshihide Suga, st...

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Japan’s Green Push Opens Path To Talent Outside Old Men’s Club

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JAPAN TIMES
 
The growing importance of sustainable investment could help diversify the old men’s club mentality of Japan Inc. boardrooms, as companies look to draw from a nontraditional talent pool for senior positions.
From Recruit Holdings Co. to Sumitomo Life Insurance Co., Japanese firms are...

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Japanese Government Suggests Companies Offer Four-Day Work Week

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THE GREAT COURSE DAILY
 
 Japan has proposed that businesses let employees opt for a four-day work week. Exhaustion, illness, and even suicide plague the country’s overworked working class. The solution may also fix Japan’s declining birth rate.
Japanese family life has changed greatly in structu...

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Hiroaki Nakanishi, Ex-Keidanren Chairman, Dies At 75

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THE JAPAN NEWS
 
Hiroaki Nakanishi, former chairman of the Japan Business Federation, or Keidanren, died at the age of 75 on Sunday, it was learned Thursday.
Nakanishi resigned as head of the largest Japanese business group on June 1 to concentrate on treatment for his illness after a possible re...

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3 Weeks Before Tokyo Olympics, Japan Still Unsure About Spectators

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BUSINESS STANDARD
 
 Japan PM Yoshihide Suga was still uncertain whether fans can be allowed at the Tokyo Olympics because of growing concern about rising Covid-19 cases only three weeks before the games
Japan Prime Minister Yoshihide Suga was still uncertain whether fans can be allowed at the To...

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Japan Business Mood Improves In Q2 To 2.5-Year High: Survey

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CNA
 
Japanese big manufacturers' business confidence improved in the second quarter to hit a two-and-half-year high, a central bank survey showed, a sign solid global demand was helping the economy emerge from the coronavirus pandemic-induced doldrums.
Service-sector sentiment also turned positi...

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Japan Eyes ‘Asia’s Hub In Space Business’ With More Spaceports

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SPACE NEWS
 
Japan’s government says it will build more spaceports in an effort to make the country “Asia’s hub in space business.”
This was one of the space-related initiatives endorsed June 18 during an economic growth strategy meeting hosted by Prime Minister Yoshihide Suga at his office in To...

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