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Japan Post to Cut Stake in Banking Unit to 50 Pct or Less

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NIPPON
 
Japan Post Holdings Co. plans to reduce its stake in Japan Post Bank to 50 pct or less soon from the current 61.5 pct, people familiar with the matter said Wednesday.
The stake sale, estimated to be valued at about 600 billion yen, based on the current stock price, is designed to make th...

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ANA Places Mega-Order Of 77 New Jets

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JAPAN TODAY
 
Japan's biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally.
The order will be valued at a total of 2.1 trillion yen at cata...

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Japan Mulls Tightening Regulations On Crypto Asset Transactions

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KYODO NEWS
 
Japan is considering tightening regulations on crypto asset transactions by classifying them as financial products akin to stocks, a government source said Tuesday.
The Financial Services Agency is seeking to tighten oversight of crypto asset issuers to protect users amid a rise in f...

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Japan’s Trade with Russia Continues to Decline Amid Sanctions; U.S.-produced LNG Expected to Reduce Reliance

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JAPAN NEWS
 
Monday marked three years since Russia began its aggression against Ukraine. With economic sanctions against Moscow, mainly by the Group of Seven countries, still in place, Japan’s trade with Russia has shrunk drastically. However, Russia still makes up nearly 10% of Japan’s natural ...

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Japan's Ex-Top Currency Diplomat Kanda Takes Office As ADB Chief

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JAPAN TODAY
 
Japan's former top currency diplomat Masato Kanda assumed office on Monday as president of the Asian Development Bank, the Manila-based international lender said.
As its 11th president, Kanda vowed to advance the "ADB's mission to promote sustainable, inclusive, and resilient growth...

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Japanese Banks Raising Savings Account Interest Rates; Financial Institutions Seek New Ways to Lure Clients

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JAPAN NEWS
 
 
 
Japanese banks are now raising the interest rates on their savings accounts in an increasingly heated competition for business. Interest rates on one-year fixed-term deposits have crossed the 1% line one after another, and rates on ordinary deposits continue rising.
Nearly a year...

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Seven & I To Give Bain Priority In Ito-Yokado Supermarket Spin-Off

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JAPAN TODAY
 
Seven & i Holdings Co is expected to make U.S. private equity firm Bain Capital the preferred buyer for its intermediate subsidiary operating Ito-Yokado supermarket chain, a source familiar with the matter said Saturday.
The Japanese retail giant is aiming to shed its noncore operat...

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Vegetable Prices Continue Surging in Japan

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JAPAN NEWS
 
Prices of vegetables and rice have been soaring in Japan due to unfavorable weather and rising production costs.
Prices of fresh vegetables in January climbed 36% year on year, with prices of cabbage and Chinese cabbage shooting up about three and two times, respectively, according c...

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Rich In Cash, Automaker Toyota Builds A City To Test Futuristic Mobility

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JAPAN TODAY
 
Woven City near Mount Fuji is where Japanese automaker Toyota plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation.
Daisuke Toyoda, an executive in charge of the project from the automaker's founding family, stressed it’s ...

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Nissan Shares Jump 11% On Reported Plan To Seek Tesla Investment

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JAPAN TODAY
 
Nissan shares surged 11 percent Friday after a report said a Japanese group including a former prime minister plans to ask U.S. electric vehicle giant Tesla to invest in the automaker.
The reported proposal follows the failure of Nissan's merger talks with its rival Honda, seen as a...

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