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Giappone
Department store sales fell 2.4% in November
Sales at department stores across Japan dropped 2.4 percent in November from a year earlier on a same-store basis, down for the ninth consecutive month. Overall sales at 234 outlets run by 81 companies stood at ¥525.7 billion, the Japan Department Stores Association said Tuesday. But the size of the ...
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Cina Giappone Hong Kong
Japan trading house Itochu to invest in top offshore wind farm in Germany
Major trading house Itochu Corp. will invest in one of the largest German offshore wind farms jointly with a wholly owned subsidiary of Chinese state-backed conglomerate CITIC Group Corp. Itochu said Tuesday that it and Hong Kong-based CITIC Pacific Ltd. have agreed to acquire from a Danish pension fund a ...
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Giappone
Bank of Japan caps tumultuous year with upgrade to outlook
The Bank of Japan closed a tumultuous year for monetary policy with an upgrade to its assessment of the economy while keeping its yield-curve and asset-purchase programs unchanged. After the board’s first policy meeting since the election of Donald Trump, the BOJ forecast a moderate recovery trend to continue amid ...
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Giappone
Dollar bounces back to near ¥118 in Tokyo
The dollar bounced back to levels near ¥118 in Tokyo trading late Tuesday, on expectations that the Bank of Japan will move to stem a further rise in government bond yields. At 5 p.m., the dollar stood at ¥117.89-89, up from ¥117.34-35 at the same time on Monday. The euro ...
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Giappone
Japan’s SMBC to buy U.S. freight car leasing firm for $2.8 billion
Sumitomo Mitsui Banking Corp. said Tuesday that it will buy U.S. freight car leasing firm American Railcar Leasing LLC for roughly $2.8 billion, eyeing a boost in its earnings on the brighter U.S. economic outlook. The Japanese bank plans to acquire all shares in the Missouri-based company from an investment ...
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Giappone
Nikkei hits 2016 closing high after BOJ meeting
The benchmark Nikkei stock average hit a new closing high for 2016 on Tuesday after the Bank of Japan painted a brighter picture of the country’s economy. The 225-issue Nikkei average climbed 102.93 points, or 0.53 percent, to end at 19,494.53, its highest finish since Dec. 7, 2015. On Monday, ...
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Giappone
Nintendo’s ‘Super Mario Run’ marred by price, connectivity missteps
Super Mario might be running, but a hefty price tag for a mobile game just won’t fly with the masses. The world, so far, is underwhelmed by “Super Mario Run,” which Nintendo released for the iPhone last week. This is no “Pokemon Go,” which captivated millions of players with a ...
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USA Giappone
On heels of talk with Trump, SoftBank announces investment expected to spur 3,000 jobs
SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump this month he would create 50,000 jobs in the United States. Money for the first 3,000 positions was announced on Monday. Satellite startup OneWeb Ltd. said it raised $1.2 billion (about ¥141.6 billion) from SoftBank and existing investors, ...
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Giappone
Japan’s restaurant chains cut overnight hours to help workers, stem losses
Like convenience stores, many nationwide restaurant chains used to stay open 24 hours a day, targeting younger generations who want to dine or sip beer in the late-night hours. But amid a decline in the number of nighttime customers, many operators are starting to close around midnight. And as cases ...
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Giappone
Tokyo startup looks to tap satellite images of nighttime neon to forecast GDP
Nowcast Inc., a Japanese financial research and technology startup, has developed a product that estimates economic growth in real time by using satellite images of nighttime lights. Based on algorithms that examine changes in the intensity of illumination, as well as a range of published statistics, including those for industrial ...