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Japanese Business Leaders Hope Biden Committed To Economy, Pandemic

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MAINICHI
 
Business leaders in Japan on Sunday expressed their hope that Joe Biden will be committed to restoring the global economy and containing the coronavirus pandemic, as they congratulated him on his victory in the U.S. presidential election.
Hiroaki Nakanishi, chairman of the Japan Busine...

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Race To Boost Financial Hub Status Intensifies Among Japanese Cities

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JAPAN TODAY
 
Competition is heating up among three major Japanese cities to invite foreign companies as Prime Minister Yoshihide Suga aims to make Japan an international financial hub.
The idea to boost Japan's standing as a financial hub is not new, but China's imposition of a national security...

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‘Texas Shinkansen’ Using JR Tokai’s Trains Cleared By U.S.

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THE JAPAN NEWS
 
The U.S. government announced Tuesday it had drawn up safety standards and completed procedures for an environmental impact assessment for a high-speed rail project in Texas that will be supported by Central Japan Railway Co. (JR Tokai).
The document was published in the Federal ...

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Japan's Free Stone Picks Up Tokyo Fest Closer 'Hokusai,' Zero Pictures' Catalog

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HOLLYWOOD REPORTER
 
 The company also is handling sales on Shinagawa Hiroshi's drama 'Restart,' which makes its market at TIFFCOM.
Leading Japanese indie film sales outfit Free Stone Productions has boosted its lineup ahead of the TIFFCOM market through a partnership with Tokyo-based Zero Pictur...

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Mitsubishi Heavy Asks Other Companies To Take On Its Idle Workers

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JAPAN TODAY
 
Mitsubishi Heavy Industries (MHI) said it has asked several other companies to temporarily employ idle workers from its factories in central Japan in a bid to cut costs and weather a downturn from the COVID-19 pandemic, two sources told Reuters.
MHI has approached firms in Aichi Pre...

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Nitori To Launch Rival Takeover Bid For Shimachu In November

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JAPAN TIMES
 
Japanese home furnishings retailer Nitori Holdings Co. said Thursday it will launch a rival takeover bid in mid-November to make do-it-yourself and hardware store operator Shimachu Co. a wholly owned subsidiary, triggering a fierce acquisition battle with a major DIY store operator....

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Department Stores Kick Off Year-End, New Year Shopping Campaigns

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JAPAN TODAY
 
Many department stores and other retailers across Japan have kicked off their year-end gift-giving (oseibo) and New Year fukubukuro (lucky bag) campaigns, accepting orders earlier than usual.
Retailers are hoping consumers will place orders early to avoid overcrowding in stores due ...

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ANA Expects Record Net Loss Of ¥510 Bil In FY2020

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JAPAN TODAY
 
ANA Holdings Inc said Tuesday it is expecting a record net loss of 510 billion yen ($4.9 billion) in the current business year through March due to depressed air travel demand amid the coronavirus pandemic, prompting the major Japanese airline to take restructuring steps to become l...

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Hotels, Ryokan Inns Suffer ‘Double Whammy’ Due To Coronavirus In Japan

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THE JAPAN NEWS
 
The following is the second installment in a series looking at efforts by the tourist industry to survive the economic effects of the novel coronavirus outbreak.
When customers arrive at Hoshino Resorts KAI Kawaji, in the Kawaji Onsen hot spring area in Nikko, Tochigi Prefecture,...

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Mitsubishi Heavy Said To Be Freezing Development Of Regional Jet

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JAPAN TODAY
 
Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.
The sources with knowledge of the decision told Reuters that the...

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