Liberal Democratic Party News
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Japanese Prime Minister Shinzo Abe’s ruling Liberal Democratic Party is changing its strategy for rewriting the country’s pacifist constitution ahead of parliamentary elections in July, a party executive said.
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Ford Motor Co. Falcons, driven by Mel Gibson in Australia’s 1979 movie “Mad Max,” have rolled off a Melbourne production line for 53 years. Now, like Max’s “last of the V-8s,” their days are numbered.
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Japan’s Topix Index extended a 4 1/2- year high, as Sojitz Corp. jumped and Sony Corp. rose to its highest in more than two years. Shares held gains after the Bank of Japan upgraded its economic assessment while keeping policy unchanged.
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Voters in the Philippines appear to have delivered a resounding victory to President Benigno Aquino in midterm elections. The son of former President Corazon Aquino looks set to control both houses of Congress, giving him a mandate to continue his reform policies. His biggest worry now is making them stick.
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Japan’s economy expanded the most in a year last quarter as consumer spending and export gains outweighed the weakest business investment since the wake of the March 2011 earthquake and tsunami.
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The yen weakened beyond 100 per dollar for the first time in four years as the Bank of Japan’s deflation-fighting measures have the currency headed for its longest streak of monthly losses in almost two decades.
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The yen weakened beyond 100 per dollar for the first time in four years as the Bank of Japan’s deflation-fighting measures have the currency headed for its longest streak of monthly losses in almost two decades.
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Prime Minister Shinzo Abe’s drive to revise Japan’s pacifist constitution for the first time risks alienating voters who support his economic agenda and dividing his coalition government before July elections.
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Tokyo Steel Manufacturing Co., Japan’s biggest producer of steel from scrap iron, expects to see an improvement in business in the second half this fiscal year prompted by Abenomics, the economic-stimulus policies introduced by Prime Minister Shinzo Abe.
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Investment banks are among the first and biggest beneficiaries of Japan’s new economic-stimulus policies, known as Abenomics.
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