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Japan Posts Record ¥21.73 Trillion Trade Deficit For FY2022

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JAPAN TODAY
 
Japan's trade deficit roughly quadrupled to a record 21.73 trillion yen in fiscal 2022 ended March, as increased energy costs and a weaker yen led imports to grow far more than exports, the Finance Ministry said Thursday.
Imports jumped 32.2 percent from a year earlier to 120.95 tri...

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Kansai Electric’s Data Access Scandal Expands

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THE JAPAN NEWS
 
Kansai Electric Power Co.’s data access scandal has affected information on not just household customers but also corporate customers of rival power retailers, it was learned Wednesday.
Kansai Electric said on the day that a total of 2,010 employees and others had fraudulently ac...

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Toyota, Honda, Nissan Show New EVs at Auto Shanghai

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THE JAPAN NEWS
 
The buzz at Auto Shanghai when it opened Tuesday was the slew of electric vehicles being showcased.
Japanese automakers were among the manufacturers pushing their EV concepts at one of the largest auto shows in the world. China also happens to be where EVs are proliferating rapid...

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Japan, U.S. Affirm Stronger Ties In Indo-Pacific Trade Negotiations

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KYODO NEWS
 
Japan's trade minister Yasutoshi Nishimura and his U.S. counterpart Katherine Tai affirmed Wednesday further cooperation in advancing negotiations of the Indo-Pacific Economic Framework to set high trade standards amid concerns over China's growing clout.
"I hope that Japan and the U...

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5 Power Firms Slapped with Biz Improvement Orders

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THE JAPAN NEWS
 
 
The industry ministry issued business improvement orders on Monday to five power companies, including Kansai Electric Power Co., over unauthorized access to customer information of rival companies.
The ministry has found that the scandal could undermine the purpose of the liber...

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Sega To Buy Angry Birds Maker Rovio

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JAPAN TODAY
 
Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland's Rovio, in a deal worth more than 700 million euros ($770 million), the companies said Monday.
The deal would mark the end the independence of Finnish mobile game makers, which b...

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Japan’s Palm Oil Power Push Is Faltering

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ECO-BUSINESS
 
Local resistance and high palm oil prices have slowed huge expansion plans for power plants fired by palm oil.
In 2011, Japan faced an unprecedented energy crisis after the Tohoku earthquake had devastated the country and badly damaged the Fukushima Daiichi Nuclear Power Plant.
The...

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Gov't To Approve Plan For Japan's 1st Casino Resort In Osaka

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JAPAN TODAY
 
The government is set to approve a plan by Osaka Prefecture and city to open what will be Japan's first casino resort in 2029, government sources said Wednesday.
The development comes as movement restrictions introduced during the coronavirus pandemic are removed, leading some local...

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Tokyo-Based Space Startup Plans World-First Moon Landing

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THE JAPAN NEWS
 
A moon lander operated by Tokyo-based ispace Inc. will attempt to land on the moon at around 1:40 a.m. Japan Time on April 26 at the earliest, the startup has announced.
If successful, the space company’s lander would become the world’s first private sector lunar module to land o...

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Virgin Orbit Bankruptcy Casts Shadow Over Japan's Space Dreams

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JAPAN TODAY
 
The bankruptcy filing by Richard Branson's Virgin Orbit Holdings Inc has dealt a blow to Japan's hopes of building a domestic space industry, with plans for a Kyushu-based spaceport designed to attract tourism on hold for lack of funding.
Oita prefecture, home to Japan's largest num...

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