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Japan's Current Account Surplus Doubles To ¥20.63 Tril In 2023

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JAPAN TODAY
 
Japan's current account surplus nearly doubled to 20.63 trillion yen in 2023 from a year earlier, boosted by record returns on foreign investments and a sharp drop in the trade deficit, government data showed Thursday.
Primary income swelled to 34.56 trillion yen, the highest since ...

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Japan’s Valentine’s Day Chocolate Budget Sees 34% Rise

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JAPAN TIMES
 
The average budget for women planning to buy Valentine’s Day chocolate stands at ¥5,024, marking a 34% increase from the previous year, according to a survey released Thursday by Tokyo research firm Intage.
Despite concerns about rising prices impacting spending habits, all categori...

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Japanese Trading Giant Itochu To Cut Ties With Israeli Defense Firm Over Gaza War

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CNN
 
One of Japan’s biggest trading firms, Itochu, has decided to end its partnership with a major Israeli defense company due to the war in Gaza.
The sprawling conglomerate, best known outside Japan for its Family Mart chain of convenience stores, said its aviation unit will cut ties with Elbit...

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Japan’s Toyota Raises Its Profit Outlook After Solid Earnings Helped By A Weak Yen

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AP NEWS
 
Toyota raised its full fiscal year profit forecast Tuesday after reporting its profit in the October to December quarter nearly doubled from the year before.
Toyota Motor Corp.’s third quarter profit totaled 1.36 trillion yen ($9 billion), up from 727.9 billion yen in the same period in...

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Japan Real Wages Fall For 2nd Straight Year Amid Rising Inflation

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KYODO NEWS
 
Japan's real wages dropped 2.5 percent in 2023 for the second straight year of decline, as salary increases failed to keep up with inflation, while household spending fell for the first time in three years, government data showed Tuesday.
The decrease in real wages, the sharpest sinc...

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Aws Plans Huge Investment In Japan Cloud Infrastructure

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COMPUTER WEEKLY
 
Amazon Web Services plans to invest over $15bn into its existing cloud infrastructure in Tokyo and Osaka by 2027 to meet growing customer demand
Amazon Web Services (AWS) plans to invest 2.26 trillion yen ($15.2bn) into its existing cloud infrastructure in Tokyo and Osaka by 202...

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Japan Inflation Slows In December As Energy Bills Fall

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JAPAN TODAY
 
Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week.
Prices in the world's third-largest economy, excluding fresh food, rose 2.3 percent year-on-year in Decembe...

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November Core Machinery Orders Fall 4.9%

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JAPAN NEWS
 
Japan’s seasonally adjusted core machinery orders fell 4.9% in November from the previous month, the first decrease in three months, the Cabinet Office said Thursday.
Private-sector orders excluding those for ships and power equipment, closely watched as a leading indicator of corpor...

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Japan To Revoke Certifications For 3 Models At Toyota's Daihatsu Unit

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KYODO NEWS
 
Japan's transport minister said Tuesday it will revoke certifications necessary for mass production for three models built by Daihatsu Motor Co. after the small-car unit of Toyota Motor Co. was discovered to have rigged safety tests.
Tetsuo Saito, minister of land, infrastructure, tr...

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Ride Sharing Services to Start in Tokyo from April

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JAPAN NEWS
 
An association of taxi operators in Tokyo said Wednesday that its member taxi firms will start ride-sharing services in the capital in April.
Ride-sharing services, in which people use their personal vehicles to offer paid rides, will start in taxi-scarce Tokyo ahead of other areas i...

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