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Profit At Japan's Softbank Zooms On Lucrative Investments

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CTV NEWS
 
Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen (US$11 billion) profit for the October-December quarter as its investments rose in value.
SoftBank's profits were far better than what analysts had expected, zoomin...

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Tokyo’s Promise Of A Generational Stock Revamp Draws Skeptics

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JAPAN TIMES
 
Japan’s Topix stock benchmark climbed to a three-decade high on Monday, drawing even more attention to its future amid plans for a sweeping market reform.
The Tokyo Stock Exchange is set to undergo a once-in-a-generation shakeup in little over a year. Japan Exchange Group Inc., whic...

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Japan FSA Banks On AI To Bust Money Laundering

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THE JAPAN NEWS
 
 
The Financial Services Agency (FSA) plans to roll out an artificial intelligence system that can detect fraudulent money transfers at financial institutions nationwide as early as fiscal 2021 in an effort to strengthen measures against money laundering, The Yomiuri Shimbun has ...

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ANA Plans To Cut Workforce 20% Over 5 Years To Survive COVID-19 Crisis

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JAPAN TODAY
 
ANA Holdings Inc plans to reduce its workforce in the aviation business by roughly 20 percent over the next five years through natural attrition to cut costs and cope with the COVID-19 crisis that has depressed travel demand, sources familiar with the matter said.
The parent of All ...

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Japan Airlines Flies First Japan-Produced SAF Commercial Flight

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SIMPLE FLYING
 
Flying on fuel made from used clothing, February 4th, 2021, marked a special day for Japan Airlines (JAL). The carrier operated its first commercial flight using a made-in-Japan SAF, or sustainable aviation fuel.
While SAF can be made from non-edible plants or agricultural and for...

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Japan 2020 Farm Exports Hit Record ¥922.3 Billion

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THE JAPAN NEWS
 
Japan’s exports of agricultural, fishery and forestry products and related foods reached ¥922.3 billion in 2020, up 1.1% from the previous year, a preliminary government report showed Friday.
Although exports dropped year-on-year in the first half amid the spread of coronavirus i...

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Netflix Climbs After Company Raises Prices By 13% In Japan

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JAPAN TIMES
 
Netflix Inc. shares rose as much as 3.7% on news that the company is raising the price of its service in Japan, bolstering revenue in an increasingly key market for the streaming giant.
Starting Friday, prices for Netflix’s basic and standard tiers will go up by about 13%, with the ...

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Sony Forecasts Record Profit After Playstation 5 Launch

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JAPAN TODAY
 
Tokyo - Sony said Wednesday it expects a record net profit this financial year as fresh virus lockdowns continue to boost demand for games and consoles, including the recently released PlayStation 5.
Although the pandemic has hit many industries hard, the gaming sector has been one ...

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Foreign Workers In Japan Hit Record High

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NHK
 
Japan's labor ministry says the number of registered foreign workers in the country has hit a record high.
Employers reported a total of 1.72 million as of last October. The figure is up 4 percent from a year before, although the pace of increase fell 9.6 points.
Vietnamese workers were the...

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Japan's Service Sector Slump Deepens As COVID-19 Emergency Hits Businesses

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JAKARTA POST
 
0 Shares Japan’s services sector shrank at the fastest pace in five months in January, as a heavy blow to demand from a resurgence in coronavirus infections and a state of emergency in parts of the country greatly hurt new business orders.
The gloomy readings come after Prime Minis...

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