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24.05.2025Day GDP Shrinks as Russia-Ukraine Direct Talks Begin

Japan's GDP contracted 0.7% annually in Q1, marking the first negative growth in four quarters due to weak consumer spending. This economic concern emerged alongside Toyota's strategic shift to a subscription model, allowing post-purchase safety feature installations across all models - a response to tariff pressures highlighted in previous days' Nissan coverage.

The government advanced legislation abolishing the ¥1.06 million income wall and launched an economic security clearance system despite privacy concerns. The Financial Services Agency moved to discipline insurance broker "Money Doctor" for prioritizing fee-generating products over customer needs.

Direct Russia-Ukraine negotiations began for the first time in three years, with reports describing visual tensions between representatives. Military developments continued with the discovery of human remains at the Self-Defense Force aircraft crash site reported yesterday.

Japan-South Korea relations improved with plans for a fast-track tourist entry system at four airports, marking their diplomatic anniversary.
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【ニューヨーク=三島大地】大手格付け会社ムーディーズ・レーティングスは16日、米国の信用格付けを最上位の「Aaa」から「Aa1」に引き下げた。政府債務の拡大や利払い費が増加していることを理由…
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Trade deals with China and the UK prompt a change of heart in Tokyo
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Japan and South Korea plan to set up dedicated entry lanes for tourists visiting each other's countries at four airports in June to speed up the immigration process, as the month marks the 60th anniversary of the normalization of their diplomatic ties, government sources said Friday.
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