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News from the Japan Times
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Tech pioneer Kai-Fu Lee's AI venture aims to deliver China's ChatGPT moment
The Beijing startup founded by technology pioneer Kai-Fu Lee is introducing its first artificial-intelligence application for consumers, a step aimed at helping China capitalize on the promising technology.
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Japan's military needs more women. But it's still failing on harassment.
As Japan embarks on a major military build-up, it's struggling to fill its ranks with the women that its forces need and its policymakers have pledged to recruit. Following a wave of sexual harassment cases, the number of women applying to join the Self-Defense Forces decreased by 12% in the year ending March 2023, after several years of steady growth. Some victims have said an entrenched culture of harassment could deter women from signing up.
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Japan on track to normalize monetary policy, says ruling party heavyweight
Japan is seeing conditions fall in place for the central bank to normalize monetary policy, said ruling party heavyweight Katsunobu Kato, underscoring growing political support for further interest rate hikes.
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Yen’s fragility raises specter of a new currency war in Asia
As the yen plumbs new lows, some investors are pondering an almost unthinkable scenario in a region busy bolstering falling exchange rates — a series of competitive devaluations that starts a new Asian currency war.
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