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Japan's Rakuten Inc launches cheap smartphone service

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REUTERS
Japanese e-commerce giant Rakuten Inc said it will offer a cut-rate smartphone service for about a third of the monthly fees charged by the country's three dominant operators, adding to increasing price competition in the sector.
 
Japan's smartphone services for light users are particula...

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SoftBank And Sequoia Capital Make First Investment In Indonesia With $100 Million Into Tokopedia

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FORBES
Indonesia’s leading e-commerce marketplace, PT Tokopedia, raised $100 million in a round from Japanese investment firm SoftBank Corp. and Sequoia Capital according to an announcement on Wednesday.
 
The funding marks the first involvement in Indonesia for both SoftBank, which led the round...

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Toyota stays No. 1 in global sales over VW, GM

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NEWSONJAPAN
Toyota kept its lead over rivals Volkswagen and General Motors as the world's top-selling automaker in the first nine months of the year, Monday reporting record sales of 7.615 million vehicles, up nearly 3 percent from the previous year.
Volkswagen said earlier this month it sold 7.4...

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Starbucks Buys Out Japan Unit For More Than $900 Million

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BUSINESS INSIDER
Starbucks will take full ownership of its Japanese operations for more than $900 million, a move it said was aimed at further tapping its second-largest market.
 
The Seattle-based company said it would buy a 60.5 percent stake that it does not already own as part of a two-step t...

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Japan's Trade Picture Is Collapsing

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BUSINESS INSIDER
Japan's shaky economy was dealt another blow Wednesday, as official data showed a widening September trade deficit that puts the world's number-three economy on track to log a record annual shortfall.
 
The worse-than-expected deficit of 958.3 billion yen ($8.96 billion) adds to ...

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Japan’s small-car firms are defying the industry’s get-big-or-die imperative

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ECONOMIST
One of the conundrums of the car business is that five smaller Japanese firms continue to prosper alongside three giants, Toyota, Nissan and Honda. In theory, those in the second division—Mazda, Mitsubishi, Suzuki and Subaru—should long ago have merged with rivals at home or abroad, or ...

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American Airlines, Jetstar Japan reach codeshare agreement

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BIZJOURNALS
American Airlines and Jetstar Japan have agreed to a codeshare partnership between the two airlines, giving American's customers greater access to domestic destinations in Japan.
The agreement was announced Wednesday by Fort Worth-based American Airline Groups (Nasdaq: AAL) and Jetsta...

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Japan’s exports rise in September on higher demand for cars, the machinery.

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CAPE BRESTON POST
Exports jumped 6.9 per cent from a year earlier in September to 6.38 trillion yen ($59.6 billion) while imports rose 6.2 per cent to 7.34 trillion yen ($68.6 billion). That left a deficit of 958.3 billion yen ($8.96 billion), compared to a shortfall of 943.2 billion yen a year e...

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Export of maglev technologies to U.S. greeted with optimism at rail conference

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THE ASAHI SHIMBUN
The operator of the planned Chuo Shinkansen Line reiterated its desire to export Japanese maglev technologies to the United States during an international conference on high-speed rail systems in Tokyo on Oct. 22.
 
Yoshiyuki Kasai, honorary chairman of Central Japan Railway Co....

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Japan's new airliner; Money spinner or money burner?

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ECONOMIST.com
Hiring a team of Taiko traditional drummers to pound away in a cavernous hanger is one way to create a loud noise. But Mitsubishi Aircraft, an aerospace firm, already had the world’s attention long before it unveiled the Mitsubishi Regional Jet (MRJ), Japan’s first domestically-buil...

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