Japan

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SoftBank's first Sony smartphone deal takes aim at U.S. market

TOKYO - Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.

Recent Japan News

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Twenty-one firms apply to underwrite Japan Post IPO 29 Aug 2014

TOKYO - Twenty-one companies have applied to underwrite Japan Post's [IPO-JAPP.T] initial public offering scheduled for 2015, which market participants expect to raise almost $10 billion (6.02 billion pounds) for the government.

Japan GPIF pulls $22 bln from JGBs as pension girds for change 29 Aug 2014

TOKYO, Aug 29 - Japan's $1.2 trillion public pension fund said on Friday that it had pulled almost $22 billion from investments in Japanese government bonds and other yen bonds in the second quarter, with the money shifting largely to cash and foreign investments.

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China funds cut suggested equity allocations as hopes for recovery evaporate - Reuters Poll 29 Aug 2014

SHANGHAI - Chinese fund managers will cut the proportion of their portfolios invested in stocks over the next three months, following July's upward trend, as hopes for a quick economic recovery falter, a Reuters poll shows.

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Fujitsu says UMC to take 9.3 percent stake in new foundry venture 29 Aug 2014

TOKYO - Japan's Fujitsu Ltd said on Friday that United Microelectronics Corp of Taiwan would make an initial investment of 5 billion yen (28.93 million pounds) for a 9.3 percent stake in its new foundry venture in central Japan.

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Japan household spending slumps, output flat as tax pain persists 29 Aug 2014

TOKYO - Japanese household spending fell much more than expected and factory output remained weak in July after plunging in June, government data showed, suggesting that soft exports and a sales tax hike in April may drag on the economy longer than expected. | Video