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Japan's MUFG Bank head Hanzawa

Japan's MUFG Bank head Hanzawa

MUFG Bank President Junichi Hanzawa (L) bows at a press conference in Tokyo on Dec. 16, 2024. He apologized over the alleged theft of more than 1 billion yen ($6.5 million) by a former employee from customers' safe deposit boxes at the Japanese megabank.

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Japan's MUFG Bank head Hanzawa

Japan's MUFG Bank head Hanzawa

MUFG Bank President Junichi Hanzawa (C) speaks at a press conference in Tokyo on Dec. 16, 2024. He apologized over the alleged theft of more than 1 billion yen ($6.5 million) by a former employee from customers' safe deposit boxes at the Japanese megabank.

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Japan's MUFG Bank head Hanzawa

Japan's MUFG Bank head Hanzawa

MUFG Bank President Junichi Hanzawa (C) bows at a press conference in Tokyo on Dec. 16, 2024. He apologized over the alleged theft of more than 1 billion yen ($6.5 million) by a former employee from customers' safe deposit boxes at the Japanese megabank.

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Japan's MUFG Bank head Hanzawa

Japan's MUFG Bank head Hanzawa

MUFG Bank President Junichi Hanzawa speaks at a press conference in Tokyo on Dec. 16, 2024. He apologized over the alleged theft of more than 1 billion yen ($6.5 million) by a former employee from customers' safe deposit boxes at the Japanese megabank.

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US: Airport Fire Expands In Southern California, Destroys Homes 3

Airport Fire burning in Orange and Riverside Counties, Southern California has grown to more than 23,000 acres as of Wednesday morning, September 11. The fire injured at least seven people and destroyed homes.

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Honda to spend 10 tril. yen on EVs

Honda to spend 10 tril. yen on EVs

Honda Motor Co. CEO Toshihiro Mibe speaks at a press conference in Tokyo on May 16, 2024, to announce the Japanese automaker's plan to boost its investment in electric vehicle technology to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.

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Honda to spend 10 tril. yen on EVs

Honda to spend 10 tril. yen on EVs

Honda Motor Co. CEO Toshihiro Mibe speaks at a press conference in Tokyo on May 16, 2024, to announce the Japanese automaker's plan to boost its investment in electric vehicle technology to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.

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Honda to spend 10 tril. yen on EVs

Honda to spend 10 tril. yen on EVs

Honda Motor Co. CEO Toshihiro Mibe speaks at a press conference in Tokyo on May 16, 2024, to announce the Japanese automaker's plan to boost its investment in electric vehicle technology to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.

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Serhiy Prytula Charity Foundation collect war expenses,16 billion yen in one year

Vidoe taken from a Kyodo News on May 28, 2023,shows Serhiy Prytula Charity Foundation, which was founded by former TV presenter and comedian Sergiy Pritura,were collected 16 billion yen in one year. Backed by past political skepticism, he is now in the spotlight ahead of next year's presidential election.

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PanaHome eyes $233 mil. sales in Southeast Asia in FY2018

PanaHome eyes $233 mil. sales in Southeast Asia in FY2018

OSAKA, Japan - PanaHome Corp. President Yasuteru Fujii speaks in an interview in Kuala Lumpur, Malaysia, on Oct. 16, 2014. He said the company aims to boost annual sales in Southeast Asia to 25 billion yen (about $233 million) in fiscal 2018 from the current level of some 1 billion yen.

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Lower house OKs FY 2013 budget

Lower house OKs FY 2013 budget

TOKYO, Japan - Ruling Liberal Democratic Party members applaud after the House of Representatives in a plenary session approved a 92.61 trillion yen ($953.9 billion) draft budget for fiscal 2013 on April 16, 2013. The passage by the lower house of the budget aimed at shoring up the economy ensures its enactment by the middle of May.

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Panasonic gets credit line

Panasonic gets credit line

OSAKA, Japan - File photo in January 2012 shows the head office of Panasonic Corp in Kadoma, Osaka Prefecture. Sources said on Oct. 16, 2012, that Panasonic has obtained a credit line of 600 billion yen from its four main banks in its efforts to diversify funding options.

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Mitsubishi Corp. targets 500 bil. yen net profit in FY 2012

Mitsubishi Corp. targets 500 bil. yen net profit in FY 2012

TOKYO, Japan - Mitsubishi Corp. President Ken Kobayashi speaks during a news conference in Tokyo on July 16, 2010. The company announced that it is targeting consolidated net profit of 500 billion yen in fiscal 2012.

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Hakoda Bugyosho restored after around 140 years

Hakoda Bugyosho restored after around 140 years

HAKODATE, Japan - The restored building of Hakodate Bugyosho (Magistrate's Office) is unveiled to the media in Hakodate, a port city in southern Hokkaido, on July 16, 2010. The office, built in 1802 at the end of the Edo Period by the Tokugawa shogunate as an outpost to check Russian moves, was destroyed in 1871. Work to restore the office began in June 2006 and cost 2.8 billion yen, and it will open to the public on July 29.

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Canon to acquire biggest European printer maker Oce

Canon to acquire biggest European printer maker Oce

TOKYO, Japan - Canon Inc. President Tsuneji Uchida (L) shakes hands with Anton Schaaf, chief technology officer and chief operating officer of Oce NV of the Netherlands, the biggest printer maker in Europe, during a press conference in Tokyo on Nov. 16, 2009, at which they announced that Canon will acquire Oce through a takeover bid worth about 730 million euros (around 100 billion yen).

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Asbestos victims file suit against state, manufacturers

Asbestos victims file suit against state, manufacturers

TOKYO, Japan - Plaintiffs, including construction workers with asbestos-linked diseases and family members of deceased workers, head to the Tokyo District Court on May 16. About 170 people filed a lawsuit against the state and construction material manufacturers the same day, demanding 6.6 billion yen in damages. Plaintiffs on the frontline carried a banner demanding the state and construction material firms admit their responsibility and pay compensation.

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Matsushita sees record 1st-half group sales, 16-year high profit

Matsushita sees record 1st-half group sales, 16-year high profit

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo speaks at a press conference in Tokyo on Oct. 27. He said the company's group operating profit in the April-September period of fiscal 2006 jumped 21.2 percent from a year earlier to 207.39 billion yen, its highest level in 16 years, on record sales for any first half.

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Usen President Uno to buy Fuji TV's entire stake in Livedoor

Usen President Uno to buy Fuji TV's entire stake in Livedoor

TOKYO, Japan - Hisashi Hieda (L), chairman of Fuji television Network Inc., and Yasuhide Uno, president of Usen Corp., hold a press conference at a Tokyo hotel on March 16. They announced that Uno will purchase Fuji Television Network Inc.'s entire stake in Livedoor Co. for about 9.5 billion yen.

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Kobe Airport to open for business on Feb. 16

Kobe Airport to open for business on Feb. 16

KOBE, Japan - Jetliners stand parked at the newly completed Kobe Airport on Feb. 15, ready for the official opening of the 314 billion yen facility on Feb. 16.

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Kobe Airport to open for business on Feb. 16

Kobe Airport to open for business on Feb. 16

KOBE, Japan - As rainfall continues on Feb. 15, the newly completed Kobe Airport, built by Kobe city at a cost of 314 billion yen, stands ready for the official opening on Feb. 16. Seen in the background is the Port Island.

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Sojitz to incur 16 bil. yen in appraisal losses on commodity trading

Sojitz to incur 16 bil. yen in appraisal losses on commodity trading

TOKYO, Japan - Sojitz Holdings Corp. President Hidetoshi Nishimura (L) tells a press conference on March 9 that the company expects to incur about 16 billion yen in appraisal losses possibly caused by a ''serious violation'' of an in-house rule on commodity futures transactions at trading house Sojitz Corp. The company said it will set up an ''investigation committee,'' inviting an outside lawyer to unravel the matter.

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M'bishi Motors eyes extra 72.6 bil. yen cuts for survival

M'bishi Motors eyes extra 72.6 bil. yen cuts for survival

TOKYO, Japan - Mitsubishi Motors Corp. Chairman and President Yoichiro Okazaki speaks about the struggling automaker's new restructuring plan in Tokyo on June 16 that features additional cost cuts of 72.6 billion yen in the two years through March 2006, in a bid to help it better cope with anticipated falls in sales over a series of cover-up scandals.

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Nissan posts record interim sales, operating profit

Nissan posts record interim sales, operating profit

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn tells reporters in Tokyo on Oct. 16 that the company will book a consolidated operating profit of 401.1 billion yen on sales of 3,556.2 billion yen for the first half of fiscal 2003, both record highs for the April-September period.

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Gov't ordered to pay 2.75 bil. yen over noise from Atsugi base

Gov't ordered to pay 2.75 bil. yen over noise from Atsugi base

YOKOHAMA, Japan - A lawyer for local residents around the Atsugi base in Kanagawa Prefecture holds up a banner in front of the Yokohama District Court on Oct. 16, which says the court ruled that a noise level on the Weighted Equivalent Continuous Perceived Noise Level index greater than 75 is illegal. The court ordered the government to pay 2.75 billion yen to compensate 4,858 residents for noise from the base.

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Investigators target Daiwa Toshi Kanzai

Investigators target Daiwa Toshi Kanzai

TOKYO, Japan - Investigators of the Osaka prefectural police department on April 16 raid the office of General Finance Partner, an affiliate of Daiwa Toshi Kanzai, in Tokyo's Shimbashi district. The investigators suspect that employees of the Osaka-based Daiwa Toshi Kanzai group illegally collected some 130 billion yen from 20,000 investors.

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Japan offers 20 bil. yen aid package to Vietnam

Japan offers 20 bil. yen aid package to Vietnam

Japanese Finance Minister Kiichi Miyazawa (L at Center) meets with Vietnamese Prime Minister Phan Van Khai (R of Miyazawa) at the government guesthouse in Hanoi on May 16. In the meeting, Miyazawa said Japan will provide Vietnam with 20 billion yen in concessional loans to help the country's economic reform program.

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Obuchi makes speech on Japan's relations with ASEAN

Obuchi makes speech on Japan's relations with ASEAN

Prime Minister Keizo Obuchi makes a policy speech on Japan's relations with Southeast Asian countries in Hanoi on Dec. 16 at a lecture program hosted by a Hanoi-based research institute, ahead of summit talks with leaders from the Association of Southeast Asian Nations (ASEAN), China and South Korea. In the speech, Obuchi unveiled a plan to provide special yen loans worth 600 billion yen to troubled Asian countries over a three-year period as part of an effort to revitalize the region's economy.

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Japan books record trade deficit in August as weak yen further inflates import costs

STORY: Japan books record trade deficit in August as weak yen further inflates import costs DATELINE: Sept. 16, 2022 LENGTH: 00:01:36 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the port in Tokyo 2. various of street view in Tokyo STORYLINE: Japan booked a record 2.82 trillion yen (19.66 billion U.S. dollars) trade deficit in August owing to surging energy prices and a plunge in the yen inflating the price of imports, the government said in a report on Thursday. According to the Finance Ministry, Japan's trade deficit has continued to widen, with August's figure marking the 13th straight month the trade balance has been in negative territory. The ministry's data showed that the latest deficit beat Japan's previous record of 2.80 trillion yen (19.53 billion U.S. dollars) logged in January 2014, as resource-poor Japan remains reliant on skyrocketing energy and raw materials from overseas. In the recording period, the ministry said imports jumped 49.9 percent to 10.88 trillion yen (75.89 bill

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Japanese defense minister

Japanese defense minister

Japanese Defense Minister Nobuo Kishi (C, R) receives proposals from members of a Liberal Democratic Party group at the ministry's headquarters in Tokyo on June 16, 2022, to increase the country's research and development expense for defense technology and secure a budget of 1 trillion yen ($7.4 billion) within five years.

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Kobe Airport to open for business on Feb. 16

Kobe Airport to open for business on Feb. 16

KOBE, Japan - Jetliners stand parked at the newly completed Kobe Airport on Feb. 15, ready for the official opening of the 314 billion yen facility on Feb. 16. (Kyodo)

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Kobe Airport to open for business on Feb. 16

Kobe Airport to open for business on Feb. 16

KOBE, Japan - As rainfall continues on Feb. 15, the newly completed Kobe Airport, built by Kobe city at a cost of 314 billion yen, stands ready for the official opening on Feb. 16. Seen in the background is the Port Island. (Kyodo)

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Usen President Uno to buy Fuji TV's entire stake in Livedoor

Usen President Uno to buy Fuji TV's entire stake in Livedoor

TOKYO, Japan - Hisashi Hieda (L), chairman of Fuji television Network Inc., and Yasuhide Uno, president of Usen Corp., hold a press conference at a Tokyo hotel on March 16. They announced that Uno will purchase Fuji Television Network Inc.'s entire stake in Livedoor Co. for about 9.5 billion yen. (Kyodo)

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Matsushita sees record 1st-half group sales, 16-year high profit

Matsushita sees record 1st-half group sales, 16-year high profit

TOKYO, Japan - Matsushita Electric Industrial Co. President Fumio Otsubo speaks at a press conference in Tokyo on Oct. 27. He said the company's group operating profit in the April-September period of fiscal 2006 jumped 21.2 percent from a year earlier to 207.39 billion yen, its highest level in 16 years, on record sales for any first half. (Kyodo)

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Sojitz to incur 16 bil. yen in appraisal losses on commodity tra

Sojitz to incur 16 bil. yen in appraisal losses on commodity tra

TOKYO, Japan - Sojitz Holdings Corp. President Hidetoshi Nishimura (L) tells a press conference on March 9 that the company expects to incur about 16 billion yen in appraisal losses possibly caused by a ''serious violation'' of an in-house rule on commodity futures transactions at trading house Sojitz Corp. The company said it will set up an ''investigation committee,'' inviting an outside lawyer to unravel the matter. (Kyodo)

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Japan's lower house passes quake-linked extra budget

Japan's lower house passes quake-linked extra budget

Japan's House of Representatives passes a 778 billion yen ($7.2 billion) supplementary budget for the current fiscal year in Tokyo on May 16, 2016, to help deal with the aftermath of deadly earthquakes that rocked southwestern Japan the previous month. (Kyodo) ==Kyodo

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Operator estimates 300 bil. yen to scrap Monju reactor over 30 yrs

Operator estimates 300 bil. yen to scrap Monju reactor over 30 yrs

File photo taken in January 2016 shows the trouble-prone Monju fast-breeder reactor in Tsuruga, Japan. Science minister Hiroshi Hase said on Feb. 16 that the operator of Monju had estimated the cost to scrap the experimental reactor over 30 years at around 300 billion yen ($2.6 billion). (Kyodo) ==Kyodo

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McDonald's Japan expects 38 billion yen group net loss for 2015

McDonald's Japan expects 38 billion yen group net loss for 2015

Sarah Casanova, president of McDonald's Holdings Co. (Japan), bows before a press conference at the Tokyo Stock Exchange on April 16, 2015. She said the Japanese unit of the global fast-food chain expects a 38 billion yen ($318.3 million) net loss for the business year through December. (Kyodo) ==Kyodo

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McDonald's Japan expects 38 billion yen group net loss for 2015

McDonald's Japan expects 38 billion yen group net loss for 2015

Sarah Casanova, president of McDonald's Holdings Co. (Japan), speaks at a press conference at the Tokyo Stock Exchange on April 16, 2015. She said the Japanese unit of the global fast-food chain expects 38 billion yen ($318.3 million) in group net loss for the business year through December. (Kyodo) ==Kyodo

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McDonald's Japan expects 38 billion yen group net loss for 2015

McDonald's Japan expects 38 billion yen group net loss for 2015

Sarah Casanova, president of McDonald's Holdings Co. (Japan), speaks at a press conference at the Tokyo Stock Exchange on April 16, 2015. She said the Japanese unit of the global fast-food chain expects 38 billion yen ($318.3 million) in group net loss for the business year through December. (Kyodo) ==Kyodo

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Sumitomo Corp. expects 1st net loss in 16 years for FY 2014

Sumitomo Corp. expects 1st net loss in 16 years for FY 2014

Sumitomo Corp. President Kuniharu Nakamura tells a press conference in Tokyo on March 25, 2015, the trading giant is expecting a group net loss of 85 billion yen ($710 million) in fiscal 2014, the first net loss in 16 years, due chiefly to failed energy development projects in the United States, Brazil and elsewhere. (Kyodo) ==Kyodo

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Ajinomoto to acquire Turkish food company Orgen for 7.4 bil. yen

Ajinomoto to acquire Turkish food company Orgen for 7.4 bil. yen

File photo taken in October 2010 shows the head office building of Ajinomoto Co. in Tokyo. The Japanese food company said on Nov. 16, 2016, that it will acquire major Turkish food company Orgen Gida Sanayl ve Ticaret A.S. for around 220 million Turkish lira (about $67 million or 7.4 billion yen), to cater to rising demand for seasonings and processed foods. (Kyodo) ==Kyodo

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Japan's lower house passes quake-linked extra budget

Japan's lower house passes quake-linked extra budget

Japan's House of Representatives passes a 778 billion yen ($7.2 billion) supplementary budget for the current fiscal year in Tokyo on May 16, 2016, to help deal with the aftermath of deadly earthquakes that rocked southwestern Japan the previous month. (Kyodo) ==Kyodo

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Major Swiss retailer pitches food items, cosmetics in Japanese market

Major Swiss retailer pitches food items, cosmetics in Japanese market

David Chalk, managing director of M-Industry Japan K.K., shows food items and cosmetics the company offers in Japan on Sept. 16, 2015, at its office in Tokyo's Minato Ward. The group company of major Swiss supermarket chain Migros, which began operating in Japan in November 2014, aims to achieve sales of 2 billion yen by 2020. (Kyodo) ==Kyodo

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Hakoda Bugyosho restored after around 140 years

Hakoda Bugyosho restored after around 140 years

HAKODATE, Japan - The restored building of Hakodate Bugyosho (Magistrate's Office) is unveiled to the media in Hakodate, a port city in southern Hokkaido, on July 16, 2010. The office, built in 1802 at the end of the Edo Period by the Tokugawa shogunate as an outpost to check Russian moves, was destroyed in 1871. Work to restore the office began in June 2006 and cost 2.8 billion yen, and it will open to the public on July 29. (Kyodo)

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Asbestos victims file suit against state, manufacturers

Asbestos victims file suit against state, manufacturers

TOKYO, Japan - Plaintiffs, including construction workers with asbestos-linked diseases and family members of deceased workers, head to the Tokyo District Court on May 16. About 170 people filed a lawsuit against the state and construction material manufacturers the same day, demanding 6.6 billion yen in damages. Plaintiffs on the frontline carried a banner demanding the state and construction material firms admit their responsibility and pay compensation. (Kyodo)

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Police arrest ex-Mizuho Bank employee in embezzlement case

Police arrest ex-Mizuho Bank employee in embezzlement case

SAGA, Japan - Police arrested Masashi Sasaki, a former Mizuho Bank employee, Jan. 16 on suspicion of embezzling 22 million yen from customers' savings accounts, part of 1.34 billion yen allegedly misappropriated by the suspect, sources close to the investigation said. (Kyodo)

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Mitsubishi Corp. targets 500 bil. yen net profit in FY 2012

Mitsubishi Corp. targets 500 bil. yen net profit in FY 2012

TOKYO, Japan - Mitsubishi Corp. President Ken Kobayashi speaks during a news conference in Tokyo on July 16, 2010. The company announced that it is targeting consolidated net profit of 500 billion yen in fiscal 2012. (Kyodo)

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Walmart to sell majority stake in Seiyu supermarkets to KKR, Rakuten

Walmart to sell majority stake in Seiyu supermarkets to KKR, Rakuten

Photo taken Nov. 16, 2020, shows a Seiyu supermarket in Hiratsuka, eastern Japan. U.S. retail giant Walmart Inc. plans to sell a majority stake in its wholly owned Japanese supermarket unit Seiyu GK to American investment company KKR & Co. and Japanese e-commerce firm Rakuten Inc. in a 172.5 billion yen ($1.6 billion) deal.

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Suspects arrested over fraudulent land sale to Sekisui House

Suspects arrested over fraudulent land sale to Sekisui House

File photo taken in September 2017 from a Kyodo News helicopter shows the land in Tokyo's Shinagawa Ward that was subject to a bogus land sale in which Sekisui House Ltd. suffered a loss of about 5.5 billion yen ($49 million). Police have obtained arrest warrants for 12 men and women over the fraud and took some of them into custody on Oct. 16, 2018. (Kyodo) ==Kyodo

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Foreign tourist spending in Japan hits record

Foreign tourist spending in Japan hits record

Japan Tourism Agency chief Akihiko Tamura speaks at a press conference in Tokyo on Jan. 16, 2018. Spending by foreign tourists in Japan increased 17.8 percent in 2017 from a year earlier to a record 4.42 trillion yen ($39.9 billion), as the number of travelers rose to an all-time high. (Kyodo) ==Kyodo

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