Luxury a poor fit in today's Japan

Nov 13, 2009

Luxury a poor fit in today's Japan

Akiko Sayama re-examined her spending habits when the Tokyo staffing agency where she works cut its overtime budget. She lost around ¥1 million in annual pay, so one of the first things she did was curb her tastes for Louis Vuitton and Gucci. “I ...

Recession can't slow Uniqlo

Oct 17, 2009

Recession can't slow Uniqlo

While celebrities watched models strut down catwalks during fashion week in Paris, dozens of people lined up in the rain to buy 40 euro cashmere sweaters at the newly opened Uniqlo store in the city’s Opera district. Two days earlier, it was “impossible to ...

May 2, 2009

Chrysler Chapter 11 threatens Nissan vehicle supply deal

Nissan Motor Co. will review its vehicle supply agreement with Chrysler LLC following the U.S. company’s bankruptcy filing. Nissan, Japan’s third-largest automaker, is examining the terms of an agreement struck in 2008 to make small cars for Chrysler for sale in the United States ...

Grandson to inherit a carmaker in decline

Jan 15, 2009

Grandson to inherit a carmaker in decline

Akio Toyoda, grandson of Toyota Motor Corp.’s founder and the company’s next president, will confront a challenge largely unknown to his ancestors — decline. Toyoda, 52, will succeed Katsuaki Watanabe, 66, as president of Toyota this year, sources have said. He will take over ...