TOKYO: A Japanese company has defended its ownership of Van Gogh's 'Sunflowers', obtained at auction in 1987, after the family of its former owner filed a US lawsuit demanding its return. The artwork - one of five original versions of the famous still life - was purchased by the predecessor of insurance fi
TOKYO: A Japanese company has defended its ownership of Van Gogh's"Sunflowers", obtained at auction in 1987, after the family of its former owner filed a US lawsuit demanding its return.
The family of the painting's former owner, Jewish banker Paul von Mendelsohn-Bartholdy, filed a lawsuit in Illinois last month demanding the return of the artwork and hundreds of millions of dollars in damages. "Defendants have commercially exploited as a corporate emblem what they long have all but known was a Nazi-tainted artwork."
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Banker’s heirs sue Japanese insurer over Van Gogh’s SunflowersThe painting made its way to Japan 35 years ago. Now, the heirs are seeking $1.32 billion in damages. Read more at straitstimes.com.
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Japan, India start first joint fighter jet drillThe 11-day joint exercise will involve eight Japanese fighter jets, with India sending four fighters, two transport aircraft and an aerial refuelling tanker. Read more at straitstimes.com.
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What is happening in Japan's bond market?TOKYO : Market forces have pushed Japanese government bond yields above policy targets. The moves are the biggest test in seven years of yield control in Japan, and dealers say the central bank's dominance of trading is making the market barely functional.Here is what is happening and what it means:
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Japan's sharp wholesale price rise heaps pressure on BOJ's ultra-easy policyTOKYO :Japan's annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could force the central bank to raise interest rates soon.The 10.2 per cent year-on-year rise in the corporate goods price index (CGPI), w
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Japan's sharp wholesale price rise points to growing inflationary pressureTOKYO : Japan's annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could keep the central bank under pressure to raise interest rates.The 10.2 per cent year-on-year rise in the corporate goods price i
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