JAPAN

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World stocks rally on hunt for risk, yen soft

World stocks flirted with record highs on Wednesday and the yen remained under pressure as receding expectations for rising interest rates encouraged investors to chase higher-yielding assets.

Nintendo closes in on Sony in market value

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Nintendo Co. Ltd. shot past Panasonic maker Matsushita in market value on Wednesday and closed in on Sony Corp. as investors watched it unseat Sony as unrivalled king of the game industry.
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Google launches YouTube local language sites

Literally, it might be known as Voustube, Voitubo or Vocetubo, but the world's most popular video-sharing site introduced local-language sites in nine countries on Tuesday that will all just go by YouTube.
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Hedge funds' hopes rise for China opening

Hedge funds, known for flexing their financial muscles around the globe but still largely shut out of China, hope the quickening pace of Beijing's reforms will open new gateways into the world's fourth-largest economy.
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Nikkei edges lower on rate worry but exporters up

The Nikkei average slipped 0.16 percent on Wednesday as Mitsui Fudosan Co. Ltd. and other property firms fell on concerns about rising interest rates, while a slide in metal prices hit metal shares.
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Japan to see more shareholder activism

Japan still lacks a culture of shareholder activism but that may change as it tries to keep up with rapid shifts in the global financial environment, European Commissioner Charlie McCreevy said on Wednesday.
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Japan surplus beats forecasts on firm exports

Japan's current account surplus rose more than expected in April thanks to firm exports and gains in investment income, a sign that the world's second-largest economy continues to enjoy a solid recovery.
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Nikkei slips 0.4 pct, Toshiba edges up

The Nikkei average edged down 0.41 percent on Tuesday as shares of shipping firms and airlines fell on concern about higher fuel costs and investors took profits in Mitsui Sumitomo Insurance Co. and other recent gainers.
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Japan Plans Tighter IP Telephony Rules

The communications ministry in Japan plans to tighten regulations for Internet-Protocol (IP) telephony, after a blackout incident affected millions of customers last month, according to a report.
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Japan Company Spending Reaches Record

Spending by Japan's largest companies increased to a record first quarter, indicating that corporate sector strength is helping the world's second largest economy grow.
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Tokyo Policymakers Dispute Cab Fare Policy

Recent surveys show many taxi drivers in Tokyo are suffering from lower incomes, prompting a move for fare increases, but some policy makers dispute that a rate hike is the solution.
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Corporate Bankruptcies in Japan up 3.1 Pct

The number of corporate bankruptcies rose 3.1 percent in April, compared to the same month last year, to 1,121, a private credit research agency reported, according to Kyodo News Service.
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Product Safety Rules Tightened in Japan

The Ministry of Economy, Trade and Industry in Japan is now requiring home appliance manufacturers to report serious accidents caused by their products, according to a report by Asashi Shimbun on Monday.
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'Titanic' Contemporary Cruises to Japan

The world’s oldest ocean-going passenger vessel, two years younger than the ill-fated Titanic, arrived in Japan's southernmost island over the weekend as part of a global tour.
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Japan's Carmakers Boosting U.S. Production

Major Japanese automakers are focusing on boosting their production bases in the U.S. to meet strong demand for Japanese cars and avoid trade disputes, reports Kyodo news service.
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Abe Offering to Yasukuni Shrine Reignites Controversy

Prime Minister Shinzo Abe made an offering to the controversial Yasukuni Shrine during a Shinto festival in late April, a chief Cabinet official revealed Tuesday, reigniting a dispute among Japanese leaders, some who believe the act may harm foreign relations.
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Aflac Rises On Strong US Sales

Shares supplemental health insurance provider Aflac Inc. (NYSE: AFL) as the company posted first quarter earnings that exceeded estimates, as strong U.S. sales offset its declining Japan sales.

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