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Japa determined to match China in IMF deal

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Japan is determined to match China in its contribution to the International Monetary Fund's efforts to combat the European debt crisis, in another sign of Asia's two largest economies vying for influence on the global stage Japanese officials have not made clear Tokyo's funding commitment, mindful of U.S. calls against being too generous toward Europe. But officials from the Group of 20 leading industrial and developing nations have said Japan is well-prepared to pitch in, and will decide on an amount once China sets its own. (MarketWatch)

World's top pension to start buying emerging stocks this quarter

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Japan's public pension fund, the world's largest, will start investing in emerging market stocks as early as this quarter as it seeks to diversify assets and cover rising payouts. The Government Pension Investment Fund, which oversees 108 trillion yen ($1.3 trillion), has decided on the managers who will handle the investments and is now in the process of setting up accounts in prospective markets, said Takahiro Mitani, president of the fund, known as GPIF. He declined to name the managers until investments are actually made or disclose the amount of the allocations. (Bloomberg)

Analysis: Japan reactor restart debate swells beyond nuclear frontline

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Japan's nuclear power industry had never spent much time or money winning over the hearts and minds of people like Susumu Takahashi, a fisherman angling for small sweetfish from the serene shores of Lake Biwa, a world away from any nuclear reactor. But with the industry paralyzed after last year's Fukushima nuclear disaster, and badly in need of public trust to get moving again, it may wish it had gone to the trouble. (Reuters)

Japan market watchdog recommends $2.5 million fine for Olympus

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Japan's market watchdog on Friday recommended the Financial Services Agency (FSA) fine Olympus Corp (7733.T) about 200 million yen ($2.5 million) for false accounting in one of the country's biggest corporate scandals. The recommendation, made by the Securities Exchange and Surveillance Commission (SESC), was expected as part of legal procedures and comes after prosecutors last month charged the company and six key figures in the $1.7 billion accounting fraud. (Reuters)

Japanese-Brazilians go 'home' to tap economic boom

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Yamato Hirai used to struggle to get into the starting line-up when he arrived at his local football pitch to play alongside his fellow Japanese-Brazilians. These days however, there are barely enough players for a game. Many of those who made their home in Japan have upped and left, off to seek their fortune in booming Brazil while the world's number-three economy stutters. (AFP)

'Black widow' sentenced to death for murder in Japan

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A Japanese woman who murdered her three former lovers in 2009 has been sentenced to death. Kanae Kijima, 37, murdered three men aged 41, 53 and 80 for financial gain, the court said. The judge added that there was no room for leniency. She met the men on internet dating sites and poisoned them with carbon monoxide by burning charcoal briquettes after giving them sleeping pills. (BBC)

Japan facing criticism over botched response to North Korean missile launch

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The Japanese government is facing heavy criticism over its slow response to the failed North Korean rocket launch Friday. While the country displayed a massive show of force in the lead-up to the planned launch, dispatching Pac-3 missile batteries and Aegis-equipped ships in Tokyo and Okinawa, it took nearly 40 minutes for leaders to officially confirm the launch Friday, much longer than neighboring South Korea. The J-alert emergency warning system, intended to inform the public minutes after liftoff, was never activated. (ABC News)

Tokyo stocks close 1.19% higher

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Japanese shares have risen 1.19 per cent as weaker than expected Chinese growth data lifted hopes for fresh easing measures, while a failed North Korean rocket launch also boosted sentiment. The benchmark Nikkei 225 index at the Tokyo Stock Exchange on Friday added 113.20 points to 9,637.99, while the broader Topix index of all first-section issues rose 0.69 per cent, or 5.60 points, to 815.48. (tradingroom.com.au)

M5.9 quake jolts Fukushima, Kanto regions

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An earthquake with a magnitude of 5.9 jolted Fukushima and other parts of the Kanto region on Friday night, the Japan Meteorological Agency said. The quake struck at 7:10 p.m. Its epicenter was 20 kilometers underground off Fukushima, the agency said. It registered 4 in Fukushima and northern Ibaraki, and 3 in Miyagi, Tochigi, Yamagata, Niigata, Saitama and Tokyo. (Japan Today)

Deflation isn't always so bad -- just ask Japan

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Milton Friedman would be aghast at economist Nicholas Smith's take on Japan's deflation. The Nobel laureate is probably best known for his argument that inflation is always and everywhere a monetary phenomenon. When too much money chases too few goods, prices surge. Japan, of course, is beset with the flipside of this dynamic. Too little cash chasing too many goods is thought to be at the root of an economic funk that's now entering a third decade. (Bloomberg)

Apple ordered to pay Tokyo woman $7,400 after iPod nano causes injury

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A Tokyo court has ordered the Japan arm of Apple to pay a woman damages after she sustained burns from an overheating iPod nano. A Tokyo woman who sustained burns to her hand when her iPod nano overheated has been awarded damages to the tune of 600,000 yen ($7,400). (digitaltrends.com)

Can Doraemon the cat revive driving in Japan?

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Japan's domestic car market is shrinking-partly because not enough young people are getting a driver's license. Enter a robotic blue cat named Doraemon with magic powers and a nerdy schoolboy named Nobita.

In a series of Japanese TV ads from Toyota Motor, characters from the Doraemon manga cartoon series - now grownup and played by live actors - demonstrate why driving is cool. In one ad, Nobita's love interest, Shizuka, drives off with another suitor-the nerd asks the cat for a car, to which Doraemon replies, "You don't have a license." (Wall Street Journal)

Tokyo: Wait until next time

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You could almost hear the collective "Aw, damn," from Japan's Ministry of Defense Friday as a North Korean missile broke up soon after takeoff and plopped into the sea. Japan spends about $5 billion a year on missile defense and had mobilized forces throughout the country to shoot the missile down if it strayed anywhere close to Japanese territory. It would have been the first shots fired in anger by the Japanese since World War II. (Time)

Japan declares two idled reactors safe to restart

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Two idled Japanese nuclear reactors have been declared safe and will need to be restarted to avoid a summer power crunch in western Japan, the trade minister said on Friday, a step towards the first restart in Japan since last year's Fukushima crisis. Trade Minister Yukio Edano also said that he will visit Fukui prefecture, host to the No. 3 and No. 4 reactors at Kansai Electric Power Co's Ohi nuclear power plant, on Saturday to meet with the governor and Ohi town mayor and to convince them of the necessity for the restarts. (Reuters)

Rice exports to China resume

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Japan has resumed rice exports to China after radioactive contamination from the Fukushima disaster resulted in bans in some eastern prefectures, the National Federation of Agricultural Cooperative Associations said Friday. Exports resumed after a bilateral agreement allowing Japanese rice produced outside 10 prefectures to be shipped to China as long as they are accompanied by government-issued certificates of origin. (Japan Times)

Driver raced on despite accidents

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Kyoto's famous Gion district, where tourists crowded the streets Thursday to enjoy cherry blossoms in full bloom, turned into a scene of horror as onlookers watched a minivan enter an intersection against a red light and crash into pedestrians without reducing its speed. The car finally stopped after smashing into a utility pole about 190 meters north of the intersection, eyewitnesses said. The accident ultimately killed seven pedestrians and the driver. (Yomiuri)

Russian spy planes fly close to border

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Two Russian spy planes approached Japanese airspace on Thursday at a time of high alert in Tokyo over an anticipated ballistic missile launch by North Korea. Air Self-Defense Force planes were put into position after the Russian TU-142 planes looked set to enter Japanese airspace, the Defense Ministry said. (Yomiuri)

35-ton device found in spent fuel pool at Fukushima reactor

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A 35-ton piece of machinery has been found at the bottom of the spent nuclear fuel pool in the No. 3 reactor at the stricken Fukushima Daiichi plant, Tokyo Electric Power Co (TEPCO) said Friday. TEPCO officials told a news conference that the device, which is used to exchange fuel, probably toppled over after the hydrogen explosion on March 12 last year, the day after the tsunami struck the plant, Fuji TV reported. (Japan Today)

68 people suffer food poisoning at Hotel New Otani in Tokyo

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Attendees at two parties which took place at the Hotel New Otani Tokyo have been struck down by food poisoning, the hotel confirmed on Saturday. As of Friday, 68 guests out of a total of 209 have complained of feeling ill after dining at the hotel on April 7. Doctors said that 59 of the sick guests have been diagnosed with a form of norovirus, TBS reported. (Japan Today)

'Adult video' malware hits Android users in Japan

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A new malware that promises gaming and anime-adult videos but steals their contact data is victimizing Japanese users of Android devices, a security firm said over the weekend. McAfee said the Trojan is in the Google Play market, and displays a video downloaded from the Internet only if sensitive information is sent to a remote server. (gmanetwork.com)
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