Posts Tagged ‘ yen ’

Wages continue to fall in Japan

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10/15/2012
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Japan’s salaried workers are earning less than before. Japan’s continued lack of growth in the economy means that workers’ pay pockets are slimmer than they have been. TOKYO (majirox news) — The incomes of Japanese workers have been falling for the last ten years. The Internal Revenue reported the average salary for employees in...
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Foreign visitors come back to Japan

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06/27/2012
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TOKYO (majirox news) Among the economic gloom, there’s some good news for this beautiful and fascinating country. The tourists are coming back. The number of foreign visitors to Japan in May reached 669,000 — a jump of 87 percent from a year ago. The March 11 earthquake, tsunami and nuclear accident had dissuaded tourists...
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Japan to China start direct trading of yen and yuan

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05/31/2012
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TOKYO (majirox news) — China and Japan are planning to start direct trading of their currencies in June to help promote trade, financial investment and a weaker yen. It’s an important step for both countries whose total trade volume last year totaled 358 billion dollars, according to Japan’s Ministry of Finance. China is Japan’s...
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Japanese companies wrestle with foreign workers overseas

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04/13/2012
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TOKYO (majirox news) — Many Japanese companies are looking at relocating some of their business overseas. The strength of the yen against other currencies, increasing numbers of mergers and acquisitions, and a diminishing domestic market all contribute to these moves. It is not difficult for Japanese firms to attract foreign talent, but they face...
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Benefactor leaves 10 million yen donation in toilet

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09/29/2011
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SAITAMA (majirox news) — A benefactor left a wad of 10 million yen (around $135,000) in cash in a toilet at Sakado City Hall in Saitama prefecture together with a note saying “let the people of Tohoku use this,” Sakado officials said. Sakado officials announced the find on Sept. 28, saying that if the...
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Man finds 10 million yen in garbage dump

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09/23/2011
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KOBE (majirox news) — A man found 10 million yen ($131,000) in cash Sept. 22 in a bag thrown away in a garbage dump at the city of Kasai in Hyogo prefecture, police said. The 56-year-old employee of a Kasai Municipal Government-run waste disposal center found the bag while separating garbage for the disposal....
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Yen hits new postwar high against US dollar

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08/20/2011
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TOKYO (majirox news) — The Japanese yen traded at 75.95 to the U.S. dollar Aug. 19 on Wall Street, a new postwar high that also threatens to have detrimental effects on Japanese exporters. The dollar eventually clawed back most of its losses against the yen, but pundits forecast the Japanese currency will continue to...
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Owners retrieve billions of yen lost in disasters

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08/16/2011
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TOKYO (majirox news) — Almost all of the 2.36 billion yen ($33.88 million) found in safes washed away in the March 11 tsunami that devastated much of the Tohoku Region has been returned to its rightful owners, the National Police Agency (NPA) said Aug. 15. A total of 2.36 billion yen was collected from...
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Salarymen feel pinch as pocket money hits post-bubble low

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07/04/2011
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TOKYO (majirox news) — Japanese salarymen have an average allowance of just 36,500 yen, (about $451), 4,100 yen (about $50) less than last year and marking a new post-bubble economy low, according to Shinsei Financial Co. The 4,100 yen decline — the fourth consecutive annual fall — dropped the average allowance below 40,000 yen...
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