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Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market

  • Category:Other
JAPAN NEWS
 
Three major Japanese automobile manufacturers, Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., have reached an agreement to promote collaboration on developing in-car software, The Yomiuri Shimbun has learned. They will consider standardizing specifications for functions of...

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Japan's 2024 New Rice Price Rises To 31-Year High After Summer Heat

  • Category:Other
JAPAN TODAY
 
The price of newly harvested rice has surged 48 percent from a year earlier to the highest level in 31 years, reflecting a shortage caused by extreme summer heat that reduced the previous season's harvest, the farm ministry's data showed Friday.
The average price of unpolished rice ...

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Japan's Core Inflation Rate Slows In September

  • Category:Other
JAPAN TODAY
 
Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday.
The core Consumer Price Index eased from 2.8 percent in August as the pace of increase in electricity and gas prices relented, the internal affa...

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Japan's Biggest Union Group Targets 5% Wage Hikes Next Year

  • Category:Other
 
REUTERS
 
Japan's largest labour union group said on Friday it will seek wage hikes of at least 5% in 2025, similar to this year's hefty increase, although economists doubt that another such bump is realistic.
The announcement by Rengo means debate about pay rises for next year will begin in ea...

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7-Eleven's Turnaround Plan Requires Heavy Lifting To Stop Couche-Tard's $47 Billion Takeover

  • Category:Other
JAPAN TODAY
 
Japan's Seven & i Holdings is betting it can boost value by hiving off underperforming businesses and focusing on mainstay 7-Eleven stores. The outcome of its strategy will determine whether it can outmaneuver a $47 billion Canadian takeover bid.
Much depends on the retailer's abili...

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Tokyo Metro’s IPO Could Drive Momentum In The Japanese Market As Chinese Listings Dry Up

  • Category:Other
CNBC
 
Key PointsTokyo Metro’s initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam.In Japan’s biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing it...

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Uniqlo Parent Company Reports Record Annual Earnings

  • Category:Other
JAPAN TODAY
 
Uniqlo's parent company Fast Retailing on Thursday announced "a record high performance in fiscal 2024" with domestic profits in Japan boosted by hot summer weather and a tourism boom.
The company also reported "significant increases in both revenue and profit" for international sto...

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Japan's Seven & I, Facing A $47 Billion Couche-Tard Bid, To Separate Some Assets

  • Category:Shopping
REUTERS
 
Seven & i Holdings (3382.T), opens new tab announced on Thursday a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47-billion takeover bid from Canada's Alimentation Couche-Tard (ATD.TO)
, opens new tab.
T...

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Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media

  • Category:Shopping
JAPAN NEWS
 
Competition among South Korean and Japanese cosmetic manufacturers is intensifying over so-called “petit price” cosmetics that are inexpensive and high-quality.
With South Korean companies increasing their presence in the Japanese market through social media, and petit price products...

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Japan Logistics Industry Struggles Amid Shortage of Drivers; Increasing Number of Transport Companies Going Bankrupt

  • Category:Other
JAPAN NEWS
 
Six months have passed since the introduction in April of new overtime restrictions for truck drivers. Despite much concern about the “2024 problem,” which refers to the serious shortage of truck drivers in the logistics industry, there have been few notable cases in which goods coul...

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