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  • Toyota records first profit drop in seven years
    Toyota has recorded a profit fall of 28 per cent during the last quarter, its first drop in seven years. Net income dropped to 316.8bn yen (1.6bn) in the first quarter to 2008, down from 440bn yen a year ago. The Japanese carmaker blamed a combination of
  • Forex - Dollar firms after better-than-expected U.S. trade data
    Australian dollar U.S. dollar 0.9410 up from 0.9392 pound 0.4828 up from 0.4821 yen 97.01 up from 96.49 jessica.mortimer@thomsonreuters.com jkm/jlc COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication
  • Which cars well known South Africans are driving and why
    ME & MY CAR Va-va-voom! Which New Age devices are drivers finding indispensable? And which cars are giving them most pleasure? Hilary Prendini Toffoli checks out the motoring scene Adele Lucas, doyenne of PR and organiser of the Soweto Festival, has
  • U.S. Marine sentenced in Japan
    TOKYO, May 9 (UPI) -- A U.S. Marine in Japan was ordered confined for two years and dishonorably discharged following a conviction in a case of an alleged rape of a Japanese woman. The 20-year-old lance corporal was was cleared of rape charges as there
  • Court orders American Indian to trial for shooting eagle
    CHEYENNE, Wyo. An American Indian who shot a bald eagle for use in a tribal religious ceremony must stand trial, a federal appeals court has ruled. A three-judge panel of the 10th Circuit Court of Appeals in Denver on Thursday reversed a 2006 lower court
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While retaining its time-honored culture, Japan rapidly absorbed Western technology during the late 19th and early 20th centuries. After its devastating defeat in World War II, Japan recovered to become the second most powerful economy in the world and a staunch ally of the US. While the emperor retains his throne as a symbol of national unity, actual power rests in networks of powerful politicians, bureaucrats, and business executives. The economy experienced a major slowdown in the 1990s following three decades of unprecedented growth.

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