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Business
Japan's exports to the world rise but drop to U.S. due to tariffs
Japan’s global exports rose 3.7% in October from a year earlier while imports from the world edged up 0.6%, according to government data released Friday. Exports to the U.S. dipped 3.1%, marking the seventh straight month of year-on-year declines mainly due to higher U.S. tariffs, Finance Ministry data showed. President Donald… Read
Japanese restaurant owners in China lament flare-up in diplomatic tensions
Takashi Ito, owner of a restaurant in Shanghai, had been looking forward to China's lifting of a ban on imports of Japanese seafood - only to have his hopes dashed this week amid an increasingly heated diplomatic spat between Beijing and Tokyo. Tensions between the Asian neighbors flared up after… Read
Central Tokyo condo price in October tops ¥153 mil; 2nd highest on record
The average price of a new condominium in central Tokyo in October rose 18.3 percent year-on-year to 153.13 million yen, the second-highest level on record, a research institute said Thursday. Boosted by strong sales of ultra-luxury properties in central Tokyo amid rising land prices, the average for the greater metropolitan… Read
U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report
U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. The increase in payrolls was more than double the 50,000 economists had forecast. Yet there were some troubling details in… Read
Japanese restaurants in Manila reel as violent crime drives away customers
A wave of armed robberies targeting Japanese nationals has plunged Japanese-run restaurants in Manila into crisis, forcing many to shut their doors and others to band together for survival. Since October last year, more than 20 robbery cases involving Japanese victims have been reported, according to the Japanese Embassy in… Read
Sharp disagreements over economy threaten Federal Reserve interest rate cut
What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn inflation or weak hiring represent a bigger threat. In several speeches in the past week, some policymakers… Read
Starbucks union says 30 more U.S. stores are joining week-old strike
Starbucks' union is expanding its week-old strike against the company. Starbucks Workers United said baristas from 30 more stores in 25 U.S. cities planned to join the strike Thursday, including stores in Cleveland; Memphis, Tennessee; Springfield, Missouri, and Albany, New York. That brings the total number of stores with striking… Read
Burger King Japan to be bought by America’s Goldman-Sachs
You don’t have to be a financial genius to realize that you could buy a lot of hamburgers with 70 billion yen. But did you know that dropping that much cash would allow you to buy all the hamburgers? Well, all the hamburgers from Burger King Japan, to be more precise. The above sum… Read
U.S. Labor Department won't release full October jobs report, a casualty of the 43-day federal shutdown
The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn't calculate the unemployment rate and some other key numbers. Instead, it will release some of the October jobs data — most importantly the number… Read
Why is bitcoin plunging?
The value of bitcoin has fallen sharply since reaching record heights last month, briefly falling below $90,000 on Tuesday compared with above $126,000 at the start of October. Below AFP explains why investors are turning away from the volatile asset. What has caused the latest price drop? Prior to the… Read
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