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Japan eyes 40,000 fuel-cell cars, 160 hydrogen stations by 2020

Japan is aiming to have 40,000 hydrogen-powered cars on its roads by 2020, with plans for a 20-fold expansion to 800,000 by 2030, according to a report released by the Ministry of Economy, Trade and Industry on Wednesday outlining the future use of hydrogen and fuel cells. While Prime Minister Shinzo Abe has vowed to […]

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Japan Post appoints Nagato as president, replacing Nishimuro

Japan Post Holdings Co. named Masatsugu Nagato as president of the recently listed mail and financial services giant, replacing Taizo Nishimuro following his hospitalization last month. Nagato, 67, will take the post on April 1, the Tokyo-based company said Wednesday. He joined the group as president of its banking unit last year after previously serving […]

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Fuji Media group to set up new game company in April

Fuji Media Holdings Inc. and Fuji Television Network Inc. said they will establish a new company on April 1 by spinning off the broadcaster’s game business unit. The move is a bid to take the upper hand in the game market, which is expected to expand further. It is rare for a TV broadcaster to […]

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Dollar firmer around ¥113.50 in Tokyo on Stiglitz, Kuroda

The dollar was firmer around ¥113.50 in Tokyo trading on Wednesday, getting a lift from remarks by Nobel Prize-winning economist Joseph Stiglitz and Bank of Japan Gov. Haruhiko Kuroda. At 5 p.m., the dollar stood at ¥113.66-67, up from ¥113.05-05 at the same time Tuesday. The euro was at $1.1085-1086, down from $1.1115-1115, and at […]

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Starbucks to offer alcohol at Marunouchi outlet

Starbucks Coffee Japan Ltd. said Wednesday that it will sell alcoholic beverages, including wine and beer, at an outlet in the Marunouchi business district in Tokyo’s Chiyoda Ward from March 30. Through the service, dubbed Starbucks Evenings, the company hopes to attract more after-work-hours customers. The company has already begun selling alcohol at around 250 stores […]

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