0336 GMT June 27, 2022
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Japan needs to boost renewable energy by reforming outdated policies on land use and the national grid if it is to meet a new goal of carbon neutrality by 2050, industry players and experts say.
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Japan’s traditional architectural techniques, showcased in the centuries-old craftsmanship of temples, shrines and wooden homes, are to be added to UNESCO’s Intangible Cultural Heritage list.
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Japan’s greenhouse gas emissions fell 3.9 percent to a record low in the year ended March 2019, government figures showed on Tuesday, thanks to wider use of renewable energy, the gradual return of nuclear power and lower energy demand due to warmer winter.
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Japan’s core inflation slowed to its weakest in about two years in June, underlining policymakers’ long battle to boost consumer prices and adding to speculation the Bank of Japan could deliver more stimulus later this month.
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The Cabinet of Prime Minister Shinzo Abe approved Friday a suite of labor reforms designed to solve Japan’s demographic challenges while creating conditions to promote job growth, particularly for those struggling to find stable work.
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Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
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Japan’s economy likely contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday.
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Japan’s industrial output fell in January-March at the fastest pace in almost five years, suggesting the economy may post a mild contraction in the first quarter as manufacturers struggle with the US-Sino trade war.
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Sales of imported foreign-brand vehicles in Japan in fiscal 2018 increased 1.2 percent from the previous year to 307,682 units, marking their second-highest level ever, the Japan Automobile Importers Association said on Thursday.
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Japan’s core private sector machinery orders fell slightly in December, signaling a more cautious stance by companies toward spending amid risks to the global economy, government data showed on Monday.
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About half of around 100 regional banks in Japan will introduce a new cashless payment system developed by Mizuho Financial Group Inc. starting in late March, sources close to the matter said on Saturday.
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Japan’s economy likely rebounded in the fourth quarter led by capital expenditure and consumer spending but weak exports could dampen the momentum, a Reuters poll showed on Friday.
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There were 161 jobs for every 100 jobseekers on average last year in Japan, the highest ratio since 1973, highlighting the labor shortage in the world's third-largest economy and its ageing society.
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To mark the ascension of Japan's new emperor, the government declared an unprecedented 10-day holiday from late April to early May, worrying investors, who say a market shutdown could cause disruption and unsettle the yen.
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Japan’s government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister Shinzo Abe said in an interview aired by public broadcaster NHK on Sunday.
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