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Kanji meaning gold or money picked as best symbolizing 2016

The kanji for kin, meaning gold or money, has been picked as the character best symbolizing this year’s social mood in Japan, a Kyoto-based kanji promotion organization said Monday.

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NPA to launch study on child selfie porn

The National Police Agency intends to conduct research on 10,000 households with mainly junior and senior high school students as the selfies (see below) of people in this age group are being used as online child pornography in a rapidly increasing number of cases, sources said.

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Japanese government to back investment in start-ups

The government plans to establish a new investment scheme by the end of fiscal 2016 to make it easier for large companies to provide financial support to venture businesses.

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Japanese govt seeks to speed up Olympic preparations

The central government aims to accelerate preparations for the 2020 Tokyo Olympics and Paralympics following the outcome of Sunday’s Tokyo gubernatorial election.

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Japanese govt to protect source code in economic deals

The Japanese government has decided to include stipulations on protecting the confidential data of software in future economic deals it signs, aiming to curb China and other countries that have requested such data from companies, sources say.

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Japan's taxi industry prepares for fiercer competition

The taxi industry is improving its services to prepare for fierce competition with emerging on-demand ride-hailing services and other start-up companies.

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Tokyo Disney Resort to expand

Tokyo Disney Resort operator Oriental Land Co. aims to increase the annual number of visitors to their theme parks by 10 percent to 33 million over the next 10 years, President Kyoichiro Uenishi said in an interview with The Yomiuri Shimbun.

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Japanese firms fear cost of Brexit

Japanese companies with bases in Britain are becoming increasingly anxious over the referendum this week in which the country will vote on whether to leave or remain in the European Union. Their main concerns are over possible increases in costs caused by tariffs and appreciation of the yen against the euro. If British voters choose a so-called Brexit, some company executives are saying they could be forced to review their production and sales strategies.

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Automakers still selling cars with riskiest Takata air bags

At least four automakers--Toyota, Volkswagen, Fiat Chrysler and Mitsubishi--continue to sell new vehicles with defective Takata air bags that will need to be recalled, according to a Senate Commerce Committee report released Wednesday.

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Japan's factory output rises despite quakes

Japan’s industrial production edged up in April, data showed Tuesday, despite factory shutdowns sparked by a pair of deadly earthquakes that rocked southern Kyushu.

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Abe seeks parties' support for delaying tax rate hike

Prime Minister Shinzo Abe sought understanding from senior members of his Liberal Democratic Party on Monday over his intention to postpone the consumption tax rate hike to 10 percent by 2½ years.

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Japan's GDP inches up, but capital investments start to slip

Growth in gross domestic product returned to positive territory for the first time in two quarters in the January-March quarter, but the encouraging figures merely mask some worrying signs for the economy.

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Next-generation Shinkansen order expected from Taiwan

Next-generation Shinkansen cars developed for the overseas market by Central Japan Railway Co. (JR Tokai) and others are expected to be adopted for Taiwan’s high-speed railway line, according to sources.

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Miscalculations leave MHI in sea of troubles

Mitsubishi Heavy Industries Ltd., the largest shareholder of Mitsubishi Motors Corp., is in dire straits due to a scandal over the automaker falsifying minicar fuel efficiency data.

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Fuel efficiency wars behind data scandal

Competition in minivehicle fuel efficiency is said to have been intensified by the launch of Daihatsu Motor Co.'s Mira e:S in September 2011. The model's mileage was 30 kilometers per liter (kpl) of gasoline.

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Kyushu quakes hit Toyota

Toyota Motor Corp. stopped on Tuesday operations of its four finished-car factories in Aichi Prefecture and their related factories as they could not procure auto parts due to a series of earthquakes that hit Kumamoto Prefecture and its surroundings.

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Japan adopts bills for regulating virtual currencies

The Cabinet of Japanese Prime Minister Shizo Abe adopted bills Friday aimed at regulating virtual currency businesses and allowing banking groups to invest in the financial technology sector.