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Walmart Retreats From Japan By Selling Most Of Its Stake In Seiyu Supermarkets

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CNN
 
 
Walmart is retreating from Japan, giving up on a near 20-year attempt to crack the grocery market in the world's third largest economy.
Walmart (WMT) is selling most of its stake in Japanese supermarket chain Seiyu to KKR and Rakuten (RKUNF) in a deal that values Seiyu at 172.5 billion ye...

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Japan Gov't To Give Financial Aid For Shorter Hours As Virus Surges

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KYODO NEWS
 
The Japanese government will financially support shops and restaurants that are asked to shorten their business hours in order to curb the spread of the novel coronavirus, Prime Minister Yoshihide Suga said Monday.
Suga's pledge came as Hokkaido officials agreed to ask residents of S...

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Japan Economy Rebounds In 3Q

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ARKANSAS ONLINE
 
Private Spending, Exports Give Lift, But Full Recovery Said Far Off
 
Japan's economy grew at an annual rate of 21.4% in the past quarter in a recovery from the shocks of the pandemic driven by both private spending and exports.
The world's third-largest economy had logged three...

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Upcoming Honda Release Would Be Global First In Self-Driving Technology

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THE JAPAN NEWS
 
Honda Motor Co. says it will launch by the end of this fiscal year a vehicle with level 3 self-driving features, which would allow the automobile to take over operations under certain conditions and let drivers take their eyes off the road.
According to the Land, Infrastructure, ...

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Japan Finds Luring Business From Hong Kong May Be Tough

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YAHOO
 
Tokyo is on a charm offensive, hoping to lure firms in Hong Kong spooked by protests and a controversial security law imposed by China. But the city is proving a tough sell.
"I want to make Tokyo Asia's number one financial city," Governor Yuriko Koike said in October, as the Japanese cap...

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Return Of A Ramen Pioneer Gives Boost To Japan's Covid-Hit Restaurant Sector

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THE GUARDIAN
 
Rai Rai Ken is back in business in Tokyo but pandemic has taken a heavy toll on ramen shops
More than a century after it welcomed its first ravenous customers in downtown Tokyo, Rai Rai Ken is back in business. On a recent afternoon, diners at its new premises in the bowels of the ...

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Japanese Company Creates 'Business Card Masks' That Put Your Name And Workplace On Your Face

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JAPAN TODAY
 
There’s been remarkably little resistance towards wearing masks in Japan during the pandemic. With masks already a common sight during Japan’s winter flu and spring hay fever seasons, strapping one on to help prevent the spread of modern history’s most devastating breath-spread dise...

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5G-Powered Self-Driving Taxi Being Tested In Shinjuku, Tokyo

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THE JAPAN NEWS
 
A Nagoya-based IT company developing autonomous driving technology and four other companies have begun demonstrating a self-driving taxi in Shinjuku Ward, Tokyo, on Thursday.
The test is being conducted with the use of the 5G communication standard, which is capable of handling m...

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Japan’s Softbank Back In The Black As Investments Improve

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AP NEWS
 
Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value.
The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billio...

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Nikkei Ends At Highest Level In 29 Years On Solid Earnings

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JAPAN TODAY
 
Tokyo stocks finished higher Friday, lifting the Nikkei index to its highest level in 29 years after another surge on Wall Street overnight and solid earnings reports by some blue-chip Japanese companies.
The 225-issue Nikkei Stock Average ended up 219.95 points, or 0.91 percent, fr...

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