Japan

Japan’s Top Two Airlines Post Higher Gains as COVID Restrictions Lift

Japan’s two largest airlines on Tuesday posted a significant recovery in profits in the April-September period as job applications continued to rise amid the removal of COVID-19 restrictions in the country. ANA Holdings Inc. saw its group’s net profit quadruple year-over-year. year-over-year to $93. 21 billion.

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The slowdown in Japan’s recovery is pushing some to favor low-priced Chinese stocks.

(Bloomberg) — Japanese stocks have outperformed their Chinese counterparts this year, but some investors believe the situation is about to change. Most read: Bloomberg: Amazon’s Jeff Bezos announces move from Seattle to Miami Sam Bankman-Fried found guilty of fraud at Stunning FTX Drop This year’s asset rally takes Wall Street through typhoon Iceland’s Blue Lagoon on alert for magma flows after earthquakes Israel’s fight against Iranian proxies in Syria poisons ties with Russia Headwinds deepen for Japanese stocks

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International visitors from Japan exceed 96% of pre-Covid levels in September

TOKYO (AP) — Japan welcomed more than 2 million foreign visitors for the fourth straight month in September, official data showed Wednesday, marking a near-full recovery to pre-pandemic levels, even as the Chinese market has been slow to recover. The number of foreign visitors for business and pleasure was 2. 18 million last month, according to data from Japan. . .

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