JAPAN

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PM in South Africa to strengthen ties, discuss UN reforms

Indian Prime Minister Dr. Manmohan Singh who arrived in South Africa on Saturday, will, during his four-day visit, discuss major UN reforms with the South African President Thabo Mbeki, besides signing a number of bilateral agreements on a wide range of subjects including one on preferential trade, investment and energy cooperation.

Japan's Olympic Commission Appoints Director

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The Japanese Olympic Commission (JOC) will appoint Tokyo Governor Shintaro Ishihara as the director-general of Tokyo Olympic Bidding Committee for the 2016 Summer Games, the commission said on Friday.
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WTO Adds New Appellate Body Member

The World Trade Organization swore in David Unterhalter from South Africa as a member of the Appellate Body by the Body's Chairman, A.V. Ganesan, at a ceremony on Thursday.
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Japan Rice Crops Struggle

Japan's agricultural ministry graded the current rice crop situation index as rather bad on average nationwide, the ministry said on Thursday.
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Sanyo to Eliminate Household Appliance Division

Electronics maker Sanyo Electronic Co. will consolidate its production of household appliances into its commercial appliance production and dismantle its household appliance division, the maker said on Thursday.
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Softbank Unveils 13 New Cellphones From Oct.

Japan's Softbank Corp. (9984.T) unveiled 13 new cell phone models on Thursday to compete with bigger rivals when a rule change in October lets mobile phone users keep their phone numbers if they switch carriers.
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Japan imports of U.S. beef slump after ban lifted

Japanese imports of U.S. beef totaled only 105 tonnes in August, the first full month of shipments since Tokyo reopened the market to meat from the United States, government data showed on Thursday.
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GM says Renault-Nissan talks may go on

General Motors Corp. Chief Executive Rick Wagoner said he was open to an alliance with Renault-Nissan and made clear that talks could be extended beyond a mid-October deadline set by the carmakers.
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Sumitomo to Repay Bailout Aid by Oct.

Sumitomo Mitsui Financial Group Inc. may repay 695 billion yen ($5.91 billion) in bailout aid it owes to the government earlier than expected, Japanese media reported on Wednesday.
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HK still preferred base for global companies

Hong Kong continues to be the preferred base for international companies to oversee their regional operations, a Census & Statistics Department survey suggests. The number of regional operations and local offices in Hong Kong operated by overseas and Mainland companies reached its highest-ever level this year, topping 6,350.
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JPMorgan Unit Botches Japan Stock Order

A unit of JPMorgan Chase & Co. botched a trade for a basket of Japanese stocks on Monday when it mistakenly sold shares linked to the wrong index, helping spark a brief fall in the market.
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Softbank to Raise $12 bln on Vodafone

Japan's Softbank Corp. (9984.T) plans to raise about $12 billion by securitizing earnings of the cell phone unit it bought from Vodafone Group PLC (VOD.L), a source close to the matter said on Tuesday, allowing it to secure funds at a lower rate than with conventional loans.
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U.S. drops to 6th in world competitiveness ranking

The United States fell to sixth place in the World Economic Forum's 2006 global competitiveness rankings, ceding the top place to Switzerland, as macroeconomic concerns eroded prospects for the world's largest economy.
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Softbank to raise billions on Vodafone

Japanese telecoms and Internet conglomerate Softbank Corp. plans to raise about 1.4 trillion yen (6.31 billion pounds) by securitising the cash flow of its Vodafone Japan operations
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Artist Reps Ask Japan Gov't for Copyright Extension

A group of 16 organizers for writers, artists, and musicians in Japan submitted a petition calling for legislation to extend the period of copyright protection from the current 50 years to 70 years after the death of right-holders, according to Japanese media.

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