Business Topics

Jan 21, 2016

FamilyMart stores to offer currency exchange

FamilyMart Co. said Wednesday it will start installing currency exchange machines in its stores in Japan from February in a bid to cater to foreign tourists. The convenience store chain will place the automated machines in four stores in Tokyo on Feb. 1 and ...

Japan Post Bank unfazed by global stocks turmoil

Jan 21, 2016

Japan Post Bank unfazed by global stocks turmoil

The worst-ever start to a year for stock markets and oil’s historic slump have not deterred Japan’s postal savings bank, which is preparing to shift more of its $1.8 trillion portfolio into equities and alternative assets. Japan Post Bank Co. will start investing in ...

Jan 20, 2016

Mitsubishi bolsters U.S. LNG ties with gas marketer purchase

Mitsubishi Corp. bolstered access to natural gas supplies for its North American export projects by taking full ownership of oil and gas marketer Cima Energy Ltd. Mitsubishi, which already held 34 percent of Cima, took control of the Houston-based company, it said Wednesday, without ...

Jan 20, 2016

British investment firm considers stake in McDonald's Japan

British investment fund Permira is expected to join bidding for shares in the Japanese unit of McDonald’s Corp., sources familiar with the matter said. Permira has invested in various companies, including sushi restaurant chain Akindo Sushiro Co. Others expected to take part in the ...

Founder wants to retake helm of Cookpad, overhaul management

Jan 20, 2016

Founder wants to retake helm of Cookpad, overhaul management

Cookpad, Japan’s most popular recipe-sharing website, has been apparently rocked by internal strife, with its founder proposing a reshuffle of board members due to differences in management policy. Media reports said Cookpad founder Akimitsu Sano, who is currently a board member holding a 43.58 ...

Jan 19, 2016

Cosmo Energy to be first Japanese energy firm to import U.S. oil

Cosmo Energy Holdings Co. will begin importing crude oil from the United States in mid-February, becoming the first Japanese firm to do so after the U.S. government lifted a four-decade ban on oil exports in December, industry officials said Tuesday. Washington’s move increases Japan’s ...

Jan 19, 2016

Son's SoftBank vision at risk as Sprint goes from bad to worse

The acquisition of Sprint Corp. was supposed to help Masayoshi Son realize his vision of transforming SoftBank Group Corp. into the world’s most valuable company. Instead, the 2013 deal has become his biggest setback so far, dragging down SoftBank shares and cutting into the ...

Jan 18, 2016

ANA to open Narita-Phnom Penh route in September

All Nippon Airways is ready to launch direct services linking Narita International Airport Tokyo and the capital of Cambodia on Sept. 1. ANA hopes that the direct flights to Phnom Penh will attract strong demand mainly from business users as an increasing number of ...