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Japan May all industry activity index +0.1% vs 0.0% m/m expected

“The data is often referred to as the monthly GDP reading, it’s a tracker production across all sectors of the Japanese economy and follows the GDP growth figures/trend” reports forexlive.com. Still not an encouraging sign that the Japanese economy is on solid ground right now in 2018. A minor data point though. Source: forexlive.com Share This:

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Japan, EU sign trade deal to eliminate nearly all tariffs 

“Apart from its deal with the EU, Japan is working on other trade agreements, including a far-reaching trans-Pacific deal” writes Koji Sasahara for cnbc.com. The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade.The EU said the trade liberalization will help raise European exports of chemicals, clothing, cosmetics and beer to Japan.Tusk praised the deal as “the largest bilateral trade deal ever.” He said the partnership is being strengthened in various other areas, including defense, climate change and human…

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Japan, EU to sign trade deal eliminating nearly all tariffs

“Besides the latest deal with the EU, Japan is working on other trade agreements, including a far-reaching trans-Pacific deal” writes The Associated Press for seattletimes.com. TOKYO (AP) — The European Union and Japan are signing a widespread trade deal Tuesday that will eliminate nearly all tariffs, seemingly defying the worries about trade tensions set off by President Donald Trump’s policies.The deal eliminates about 99 percent of the tariffs on Japanese goods to the EU, but remaining at around 94 percent for European imports into Japan for now and rising to…

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Walmart reportedly wants to sell Japanese supermarket chain Seiyu

“U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday” writes Scott Olson for cnbc.com. Walmart has been looking to jumpstart its overseas business by retreating from lower-growth markets and investing in places like China and India.In addition to competition from online retailers such as Amazon.com, retailers in Japan are grappling with sluggish consumer spending as the country struggles to escape from 15 years of deflation. Source: cnbc.com Share This:

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Takeda gets U.S. FTC green light for Shire bid

“The acquisition would create the world’s eighth-largest drugmaker, with combined sales of around $30 billion” writes Ian Walker for marketwatch.com. The Japanese company said on May 8 that it had reached an agreement to buy Shire, capping a monthslong battle for control of the European drugmaker and marking the biggest-ever overseas acquisition by a Japanese company. Source: marketwatch.com Share This:

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Who was the Japanese cult leader and bioterrorist Shoko Asahara?

“Japanese cult leader Shoko Asahara, 63, has been hanged for his role in masterminding a sarin attack on the Tokyo underground in 1995” writes Joe Sommerlad for independent.co.uk. Ikuo Hayashi carried out his attack on the Chiyoda Line, Kenichi Hirose and Toru Toyoda on the Marunouchi Line and Masato Yokoyama and Yasuo Hayashi on the Hibiya Line. Source: independent.co.uk Share This:

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