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Kobe Steel Chief Apologizes To Shareholders

  • Category:Event
THE JAPAN NEWS
 
KOBE (Jiji Press) — The chief of Kobe Steel Ltd. apologized to shareholders on Thursday over a product data falsification scandal involving the company.
“We deeply apologize for causing inconvenience to shareholders and clients,” Mitsugu Yamaguchi, Kobe Steel president and chief ...

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Don Quijote Closes In On ¥1 tril. Sales Mark

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Reuters) — Discount retailer Don Quijote Holdings Co. Ltd. expects to hit its ¥1 trillion sales target in the next financial year, a year earlier than forecast, a senior executive said on Monday.
“We have progressed to where we can pull [the target] forward,” Mitsuo Takaha...

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Japan's Exports Accelerate in May; Surplus with U.S. Lowest Since 2013

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan’s exports rose in May at the fastest rate in four months thanks to increased shipments of cars, car parts, and semiconductor equipment, a sign that global demand is gaining strength.
Exports rose 8.1 percent in May from the same period a year ago, more than the median ...

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Silkworm-Based Drug Planned

  • Category:Other
THE JAPAN NEWS
 
FUKUOKA (Jiji Press) — A company was founded in April to make pharmaceutical materials using silkworms.
The company, based in Fukuoka, is called Kaico, which means silkworm in Japanese. It was established using financial assistance from Kyushu University.
Kaico plans to make raw ...

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BOJ Sticks with Easing as Fed, ECB Tighten Policy

  • Category:Event
JAPAN TODAY
 
TOKYO - Bank of Japan head Haruhiko Kuroda defended its decision to press ahead with the country's ultra-loose monetary policy Friday, even as the U.S. Federal Reserve and European Central Bank tighten their policies.
After a two-day meeting, the BOJ said it would retain its current...

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1st Woman Named to Toyota Board at Shareholder Meeting

  • Category:Event
THE JAPAN NEWS
 
TOYOTA, Aichi (Jiji Press) — Toyota Motor Corp. President Akio Toyoda told shareholders on Thursday that the automaker will continue taking on challenges.
Such a stance would be essential for Toyota to remain a “needed company in a phase of once-in-a-century transformation,” he s...

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Toyota Investing $1 billion in Asian Ride-Share Firm Grab

  • Category:Driving
JAPAN TODAY
 
TOKYO - Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the "mobility" sector.
Grab, which is headquartered in Singapore, is a leading player in the ride-share industry in Asia...

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Second Jobs, Once Rare in Japan, Are Reshaping Attitudes About Work

  • Category:Other
JAPAN TODAY
 
TOKYO - Kazuhiro Hasegawa has been driving a taxi in Tokyo for three years. It's a job he enjoys, despite 18-hour shifts.
But recently, he said, it has not been enough to make ends meet.
The 4.5 million-4.8 million yen a year he makes from his primary job is far short of what he nee...

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Face Recognition Gates Unveiled at Narita Airport

  • Category:Other
THE JAPAN NEWS
 
NARITA, Chiba (Jiji Press) — Automatic immigration gates with face recognition systems were unveiled to the press at Narita International Airport on Friday before they enter into full operation for the first time in Japan on Monday.
The unmanned gates will automate passport contr...

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Japan Tobacco Cuts Heated Tobacco Prices in Battle with Philip Morris

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan Tobacco Inc on Monday cut prices on its heated tobacco products early next week after a similar move by bigger rival Philip Morris International Inc, signaling increased competition in Japan's nascent market for alternative cigarettes.
Japan, where regular e-cigarettes...

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