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Japan's Household Spending Extends Growth But Inflation Risks Loom

  • Category:Other
CNA
 
Japan's household spending grew for a second straight month in July despite a resurgence in COVID-19 cases, but inflationary pressures from the yen's slump to a 24-year-low have cast doubt over a revival in consumption.
From falling real wages to shrinking service sector activity, data this...

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Yen Sinks To New 24-Year Low Against Dollar

  • Category:Other
JAPAN TODAY
 
The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the U.S. Federal Reserve.
One dollar was more worth more than 140 yen for the first time since 1998 in European afternoon ...

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Yen At ¥140 Piles Pressure On Japan’s Unified Policy Front

  • Category:Other
JAPAN TIMES
 
The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the U.S. Federal Reserve.
One dollar was more worth more than 140 yen for the first time since 1998 in European afternoon ...

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Japan Town: Giant Squid Statue Has Had Huge Economic Effect

  • Category:Other
NHK
 
A Japanese fishing town says a giant statue of a squid has had a huge economic effect, though it drew criticism for having been paid for with an emergency COVID-19 relief grant.
Noto Town in Ishikawa Prefecture on the Sea of Japan spent about 180,000 dollars in grant money to cover most of ...

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Japan Will Monitor China, New Economic Security Minister Says

  • Category:Event
BLOOMBERG
 
 Takaichi says will keep close eye on nations including ChinaAlso says strengthening supply chains is extremely importantJapan’s new Economic Security Minister Sanae Takaichi pledged to keep a close eye on nations including China to protect Japan from danger.
“We don’t have a specific...

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As Japanese Manufacturing Fades, A Factory Town Fights To Stay Alive

  • Category:Other
JAPAN TODAY
 
The small factories in the western Japanese city of Higashiosaka for decades fueled the thundering rise of the country's biggest brands - but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland.
Home to about 6,000 firms, 87% of wh...

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Tesla Quietly Built A Virtual Power Plant In Japan

  • Category:Other
THE VERGE
 
There’s already one in California and Australia
Tesla’s latest virtual power plant is in Japan. The company announced Friday that it has been quietly installing its Powerwall batteries at homes on the island Miyako-jima since 2021 and now has over 300 installed.
It’s the largest comme...

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Japan's Suzuki Drives Deeper Into India With Global R&D Unit

  • Category:Other
REUTERS
 
Suzuki Motor Corp (7269.T) will set up a global research and development company in India, its president said on Sunday, pushing deeper into a market that is set to become an electric vehicle (EV) hub for the Japanese carmaker.
The new company, a wholly owned unit of Suzuki Japan, will ...

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Africa’s Renewable Energy Resources Offer Huge Investment Opportunities For Japanese Business – Dr Akinwumi Adesina

  • Category:Other
AFDB
 
Japanese businesses should invest more in Africa, where investment opportunities and returns on investment are among the highest in the world, African Development Bank President Dr. Akinwumi Adesina urged participants at the 8th Tokyo International Conference on African Development (TICAD8...

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Ordinary Japanese 'Salarymen' Reach Tiktok Stardom

  • Category:Event
WFMZ
 
They’re your run-of-the-mill “salarymen,” as company workers in Japan are called — hard-working, friendly and, well, rather regular.
But the chief executive and general manager at a tiny Japanese security company are among the nation’s biggest TikTok stars, drawing 2.7 million followers an...

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