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Axe Falls On Mizuho Execs After Spate Of System Glitches

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THE JAPAN NEWS
 
Mizuho Financial Group Inc. President Tatsufumi Sakai and Koji Fujiwara, the president of its banking unit, will stand down on April 1 to take responsibility for a series of system failures at the bank, the group announced Friday.
Mizuho Financial Group Chairman Yasuhiro Sato wil...

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Japan’s Releasing Of Oil Stockpile Is A Routine Measure: Hagiuda

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ARAB NEWS
 
About 4 million barrels of Japan’s strategic oil reserve released last week.
Japan will continue to work with major OPEC oil-producing countries such as Saudi Arabia and the United Arab Emirates through various channels to stabilize the international oil market, Japan’s Minister of Tr...

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Ikea Is Offering A Tiny Apartment In Tokyo For Less Than $1 Per Month

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CNN
 
Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo.
The 10-square-meter (107-square-foot) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) per month to rent, according to details released by Ikea this week.
On...

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Japan To Release Hundreds Of Thousands Of Kiloliters Of Reserve Oil

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JAPAN TODAY
 
Japan will release hundreds of thousands of kiloliters (several million barrels) of crude oil from its emergency reserves, industry minister Koichi Hagiuda said on Wednesday, as the country seeks to address rising prices in tandem with the United States and other major energy-consum...

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Japan To Launch New Scheme To Foster Start-Ups

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THE JAPAN NEWS
 
The government has decided to step up its efforts to foster start-ups and entrepreneurs, especially in the growing field of digital technology.
Starting next year, the government will provide subsidies to large companies that employ future entrepreneurs, and also to start-ups tha...

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Arcades In Japan Keep Closing, Which Sucks

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KOTAKU.COM
 
Covid-19 has been speeding up the hollowing out of the Japanese arcade industry
The Covid-19 pandemic has hit the Japanese arcade industry hard. With the country closed off to tourism, it might only seem like big city arcades are the ones that are hurting the most. That’s simply not ...

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Japan Leads Losses In Asia-Pacific; New Zealand Dollar Falls After Central Bank Announces Rate Hike

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CNBC
 
Key PointsShares in Asia-Pacific were mixed on Wednesday.The benchmark 10-year U.S. Treasury yield has climbed since President Joe Biden announced his renomination of Jerome Powell as Federal Reserve chair.The Reserve Bank of New Zealand raised the official cash rate to 0.75%, in line with...

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Tasty Innovations Reignite Japan’s Love Affair With Vending Machines

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THE JAPAN NEWS
 
As the coronavirus crisis drags on, food producers and restaurants are realizing the value of vending machines to expand their sales channels.
The advantage of vending machines goes beyond allowing businesses to sell products 24 hours a day and without face-to-face interaction.
W...

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Japan Weighing Release Of Oil Reserves To Curb Prices

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THE JAPAN NEWS
 
The government is discussing the release of state oil reserves as part of an effort to tackle surging crude oil prices, government sources said Friday.
In response to the spike in crude oil prices, the United States has asked multiple countries including Japan to consider tapping...

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Japan Gov't To Spend Record $488 Bil. On Economic Stimulus

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KYODO NEWS
 
Japan will spend a record 55.7 trillion yen ($488 billion) on an economic stimulus package aimed at easing the impact from the coronavirus pandemic, government sources said Thursday.
The package, including policy measures funded by the private sector such as emergency bank lending to...

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