Outside the Box: China is repeating Japan’s economic mistakes
China’s response to the global financial crisis is similar to what Japan faced three decades ago, writes commentator Satyajit Das. If authorities aren’t careful, he adds, China could go down Japan’s deflationary path.
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At JAL, a Look Beyond Boeing
Japan Airlines should shed its bias toward plane maker Boeing in deciding future aircraft purchases, former JAL Chairman Inamori said in an interview.
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Italy prosecutors pursue Nomura assets in Europe
SIENA/MILAN - Italian prosecutors took steps in Germany and Britain on Wednesday to carry out the seizure of up to 1.95 billion euros ($2.6 billion) of assets from Japan's Nomura , which they say is needed to halt further losses from Italy's Monte dei Paschi bank.
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Found 1 month ago on channel
Reuters
BOJ official: mulling increasing frequency of JGB purchases
TOKYO - A senior Bank of Japan official said on Wednesday the central bank will consider increasing the frequency of its long-term government debt purchases in response to bond dealers' concerns about distorting markets.
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Found 1 month ago on channel
Reuters
Tesco Barely in Profit as it Prepares U.S. Exit
(LONDON) — Tesco PLC, Britain’s largest supermarket operator, says it is looking to sell its U.S. operations after failing to make an impression over six years. Tesco said Wednesday that net profit for the year dropped 96 percent to 120 million pounds ($183 million) following a 1.2 billion pounds writedown to exit its Fresh & Easy brand in the U.S. It also took an 804 million pounds writedown on its U.K. property portfolio. Fresh & Easy has nearly 200 stores in California, Arizona and Nevada. Tesco says it is also leaving Japan and taking a more measured approach to growth in China. Chief Executive Philip Clarke told the BBC that the decision to leave the United States was right for shareholders and that the company was looking for a single buyer. MORE: How the Entry of Walmart and Big Retail Chains Will Change India
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