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Japan’s Largest Bank Invests Over US$700m In Grab

  • Category:Other
THE STAR
 
TOKYO: Japan’s Mitsubishi UFJ Financial Group Inc. is investing more than $700 million in Southeast Asian ride-hailing giant Grab, gaining access to millions across the region that use the mobile app to book cars and meals.
The Japanese financial institution intends to market a range o...

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Masayoshi Son's Big Real Estate Venture With Oyo Runs Into Real Problems In Japan

  • Category:Stay
JAPAN TIMES
 
Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo.
In a spacious conference hall at his Tokyo headquarters, the billionaire huddled with lieutenants from ...

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Asahi Says Korean Beer Boycott Cost It ¥3 Billion Last Year

  • Category:Gourmet
JAPAN TODAY
 
TOKYO - Japanese beer and beverage maker Asahi Group Holdings said Friday a South Korean consumer boycott of Japanese goods cost it around 3 billion yen ($27.32 million) last year.
“The impact is continuing in the current year,” Atsushi Katsuki, a senior Asahi executive told reporte...

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Clock Ticking For Nissan Boss Uchida To Revive Automaker

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Reuters) — Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s boa...

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Japan's Economy Heading For Recession, And Germany Wobbles

  • Category:Other
THE GUARDIAN
 
International trade slump and coronavirus outbreak combine to weaken consumer demand
Japan’s economy is heading for a recession this year after figures showed the world’s third largest economy slumped by an annual rate of 6.3% during the last quarter of 2019.
Germany, the world’s f...

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Nissan Set To Scrap Year-End Dividends

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Bloomberg) — Nissan Motor Co.’s efforts to halt declines in key markets are faltering, forcing the automaker to cut its full-year profit outlook a second time and scrap its year-end dividend to investors, including top shareholder and partner Renault SA.
The partners have ...

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The Japanese Government Gave 2,000 Iphones To Passengers Stuck On A Cruise Ship Where Nearly 200 Coronavirus Cases Have Been Confirmed

  • Category:Other
BUSINESS INSIDER
 
·  The Japanese government gave 2,000 iPhones to passengers stuck aboard a Diamond Princess cruise ship where nearly 200 coronavirus cases have been confirmed, according to 9to5Mac and Macotakara.
·  The phones were reportedly given out so passengers could download an app on wh...

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Japanese Firms Struggle To Restart China Factories Amid COVID-19 Outbreak

  • Category:Event
JAPAN TIMES
 
Japanese manufacturers in China are facing challenges getting restarted after the extended Lunar New Year holiday because of restrictions on the movement of people and goods caused by COVID-19.
Mazda Motor Corp. planned to resume operations at a plant in Nanjing Wednesday but postpo...

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Japan Braces For Biggest Hit To GDP Since 2014 Amid Growing Coronavirus Risks

  • Category:Other
STRAITS TIMES
 
TOKYO (REUTERS, BLOOMBERG) - Japan's economy likely suffered its biggest contraction since 2014 at the end of last year leaving it in a vulnerable state, as fallout from a coronavirus outbreak (Covid-19) threatens to turn a one-quarter-slump into a recession.
Japanese policymakers...

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Nissan Launches $90m Lawsuit Against Former Chairman Carlos Ghosn

  • Category:Other
THE GUARDIAN
 
Japanese carmaker seeking damages for ‘corrupt’ actions by ex-boss who fled to Lebanon
Nissan is suing Carlos Ghosn for $90m (£70m), stepping up the legal battle against its former chairman after his arrest and dramatic flight from Tokyo to Lebanon.
The Japanese carmaker said it wa...

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