China's foreign condom frenzy gives low-libido Japan an economic boost

Business Jan 25, 2016

China's foreign condom frenzy gives low-libido Japan an economic boost

In Japan, sex-drives have plunged so low that young, libido-challenged men are sometimes referred to as soshokukei danshi, or herbivore men. Think that's harsh, then consider local condom maker Sagami Rubber Industries Co., battling a shrinking, aging and now increasingly frigid Japanese clientele. It's no ...

Business / Corporate Aug 31, 2015

Sumitomo Mitsui zeros in on U.S. 'fintech' sector

Sumitomo Mitsui Financial Group Inc.'s credit card unit is zeroing in on investments in the U.S. financial-technology sector, as Japan plays catchup to other developed economies in electronic payments. Over the past two years, Sumitomo Mitsui Card Co. met with more than 500 U.S. so-called ...

Pricy beef bowls show how to beat deflation

Business / Economy Jun 12, 2015

Pricy beef bowls show how to beat deflation

Restaurants, food producers and retailers are among a small but growing number of companies doing what few managed for long during Japan's lost decades: raising prices. From beef bowl chain Matsuya Foods Co. to supermarket and convenience store operator Seven & I Holdings Co., enterprising ...

Japan's craft beer mug runneth over

Food & Drink May 8, 2015

Japan's craft beer mug runneth over

Tatsuo Aoki's low-key Tokyo bar, Popeye, has become a destination for beer fanatics from around the country. They make the pilgrimage to sample Hokkaido ales and Shizuoka stouts, or for an impromptu lecture from Aoki on hops and yeast. He's part of a nationwide uprising ...

LDP pushes for higher deposit cap for postal giant before IPO

Business Mar 19, 2015

LDP pushes for higher deposit cap for postal giant before IPO

The ruling Liberal Democratic Party wants to raise the deposit limit at state-owned Japan Post Holdings Co.'s lending arm before a planned initial public offering later this year, according to a lawmaker who is backing the change. A higher ceiling than the current ¥10 million ...

Sumitomo Mitsui to hire foreign managers in global push

Business / Corporate Dec 25, 2014

Sumitomo Mitsui to hire foreign managers in global push

Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion. "It's natural to see locally hired foreign managers becoming the majority in a few ...

Megabanks break glass ceiling for foreign managers

Business | ANALYSIS Aug 28, 2014

Megabanks break glass ceiling for foreign managers

Japan's biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group Inc.'s headquarters, where she ...

Rakuten exec takes action to help moms

Business / Corporate Jun 30, 2014

Rakuten exec takes action to help moms

Mie Kurosaka, Rakuten Inc.'s first female executive, returned to work at Japan's biggest online mall operator only three weeks after giving birth in 2002. Now, as one of Rakuten's four top female executives, the 47-year-old who oversees corporate social responsibility is pushing to have a ...