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On display at the new 7-Eleven store in Matsudo, Chiba Prefecture, are about 2,000 additional products that aren’t usually carried in 7-Elevens, including fresh fruit, diapers and hair-care products.
BUSINESS / Companies
Feb 29, 2024

Seven & I Holdings explores market for bigger 7-Elevens

Its new store in Chiba Prefecture will have more than twice the number of products and is almost double the size of regular outlets.
Immersive Fort Tokyo holds a ceremony on Thursday ahead of its Friday opening in Tokyo's Odaiba area.
BUSINESS
Feb 29, 2024

Immersive Fort Tokyo seeks to update theme park experience

The park could become a new landmark in the Odaiba district by the Tokyo Bay as it seeks to update the typical theme park experience.
BUSINESS
Feb 29, 2024

NTT West president to resign over customer information theft

NTT West has been slapped with administrative guidance by the communications ministry for insufficient supervising.
Currency dealers work in front of an electronic board showing the Korean Composite Stock Price Index (KOSPI) at a dealing room of a bank in Seoul. Officials in South Korea are taking a cue from Japan, where a push for corporate reforms has been one of the key drivers for a world-beating equity rally.
BUSINESS / Economy / FOCUS
Mar 2, 2024

South Korea faces long road in unlocking corporate value like Japan

As global investors scrutinize South Korea’s plans, they note a key hurdle — the prevalence of family-controlled businesses, or chaebols.
The Fair Trade Commission will demand Nissan take measures to prevent a recurrence of unfair reductions in payments to subcontracting auto parts makers.
BUSINESS / Companies
Mar 4, 2024

Japan FTC to warn Nissan over payments to parts suppliers

The reductions are estimated to total about ¥3 billion for more than 30 suppliers over the past several years.
Fox Chief Executive Officer Lachlan Murdoch
BUSINESS / Companies
Mar 5, 2024

Fox's Lachlan Murdoch targets 5 million subscribers for new sports venture

The streaming service will feature all of the sports programming from the three media giants, including ESPN, Fox Sports 1 and channels such as TNT.
Mitsubishi UFJ Financial Group said it is already managing to enhance its tolerance to an anticipated rise in yen interest rates.
BUSINESS / Markets
Mar 6, 2024

Japan’s biggest bank readies for BOJ shift on rate policy within weeks

Hiroyuki Seki, head of global markets business at Mitsubishi UFJ Financial Group, predicts that the BOJ will raise rates not once but twice by October.
The Bank of Japan in January. The BOJ is monitoring wage trends closely for signs of a virtuous cycle linking higher pay with demand-led price gains.
BUSINESS / Economy
Mar 7, 2024

Japan wage growth beat forecasts in January, in fastest rise since June

The data comes as annual wage negotiations between firms and unions are reaching their climax, with the first results expected next week.
Google's cybersecurity center in Tokyo will focus on enhancing cybersecurity policy discussions, spearheading educational initiatives, developing resources and supporting research with Japanese institutions.
BUSINESS / Tech
Mar 7, 2024

Google opens Asia-Pacific cybersecurity research center in Tokyo

The center's launch comes as Japan endeavors to ramp up its online security systems following major cyberattacks.
Junko Nakagawa, a member of the policy board at the Bank of Japan (BOJ), in Tokyo in January
BUSINESS / Economy
Mar 7, 2024

BOJ policymaker upbeat on stimulus exit amid encouraging wage news

"We can say that prospects for the economy to achieve a positive cycle of (rising) inflation and wages are in sight," said board member Junko Nakagawa.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo in February.
BUSINESS
Mar 7, 2024

BOJ bets swing toward March rate hike

Bets on the March 18-19 meeting are gaining traction.
BUSINESS / Economy
Mar 8, 2024

Japan Inc. set to offer bumper pay hikes, paving way for stimulus end

Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
Kazuo Ueda, governor of the Bank of Japan, speaks at a fintech summit in Tokyo on Tuesday.
BUSINESS
Mar 8, 2024

Bank of Japan leaning toward exiting negative rates in March

Many BOJ policymakers are closely watching the outcome of big firms' annual wage negotiations with unions on March 13.
Rescuers clear debris from a multistory building heavily damaged following a drone strike, in Odessa, Ukraine, on March 3.
BUSINESS / FOCUS
Mar 10, 2024

The $1 trillion race to rebuild Ukraine is slowly getting going

Firms are boosting their presence in Ukraine, in anticipation of the conflict's end — and the biggest investment opportunity since at least World War II.
Philippine Coast Guard personnel film a China Coast Guard vessel during a supply mission in the disputed South China Sea on March 5.
BUSINESS
Mar 11, 2024

U.S. key to Philippines’ plan to tap oil and gas in South China Sea

Manila is seeking to parlay its deepening security ties with Washington into broader economic benefits, the Philippine ambassador to the U.S. said.
Dai Karasawa, president of SSE Pacifico K.K., a joint venture of U.K. energy group SSE and Japan's Pacifico Energy, speaks about their plan to develop offshore wind farms in Japan during an interview in Tokyo, last week.
BUSINESS / Companies
Mar 11, 2024

SSE's Japan unit aims to develop 6GW offshore wind farms

Japan is aiming to become a major offshore wind power producer, with the government targeting 10 GW by 2030 and up to 45 GW by 2040.
Some 38% of Bank of Japan watchers in a survey believe the central bank will end its negative rates next week.
BUSINESS / Economy
Mar 12, 2024

Half of BOJ watchers still see April rate hike while bets on March move jump

The proportion of 50 economists forecasting an end to the world’s last negative rate in April slipped to 54% in the latest survey from 59% in January.
Earl Stewart, a Toyota dealer, says he was shocked when he first heard about Toyota’s strategy.
BUSINESS
Mar 13, 2024

Toyota’s hybrid-first strategy is delivering big profits

Toyota’s sales are booming, and the company is reporting huge profits.
Investors been pouring money into promising AI startups, eager to uncover the next big thing after ChatGPT.
BUSINESS / Companies
Mar 11, 2024

AI talent war heats up in Europe

The talent war means workers are increasingly well-placed to make demands of their prospective employers.
Paraguay Foreign Minister Rubén Ramírez Lezcano says that the free trade agreement to be negotiated between Tokyo and Mercosur would include goods and services, including agricultural products, which is very important for Japan.
BUSINESS / Economy
Mar 13, 2024

Mercosur ‘ready’ to resume FTA talks with Japan, Paraguay foreign minister says

The bloc is keen to expand ties with Asia as it seeks to boost trade and deepen economic integration with partners beyond the U.S., Europe and China.
Samsung Electronics plans to use a technology championed by its rival SK Hynix, as the world's top memory chipmaker seeks to catch up in the race to produce high-end chips used to power artificial intelligence.
BUSINESS / Companies
Mar 13, 2024

Samsung to adopt chipmaking tech used by rival amid AI chip supply race

Samsung's decision to stick with a chipmaking technology called nonconductive film is one of the reasons it has fallen behind.
U.S. President Joe Biden said Thursday that United States Steel should be domestically owned, coming out against Nippon Steel's plan to acquire the company as support from labor unions is becoming more significant for his re-election bid.
BUSINESS / Companies
Mar 15, 2024

Nippon Steel determined to complete U.S. Steel deal

The firm has promised no layoffs or plant closures until at least September 2026.
Makoto Uchida (left), president and CEO of Nissan, and Honda President Toshihiro Mibe give a joint news conference in Tokyo on Friday to announce a new strategic partnership in electric vehicles.
BUSINESS / Companies
Mar 15, 2024

Nissan and Honda to explore electric vehicle partnership

Analysts said the move was aimed at catching up with Chinese rivals who have stolen a march in EVs while Japanese firms have lost ground.
Former FTX chief Sam Bankman-Fried leaves Manhattan federal court in New York on Jan. 3.
BUSINESS
Mar 16, 2024

Sam Bankman-Fried should get up to 50 years in prison, U.S. says

A sentence of 40 to 50 years is necessary for the "historic” crime involving more than 1 million victims and losses of over $10 billion, prosecutors say.
A worker in the factory of Optimax Systems, in Ontario, New York on Thursday.
BUSINESS / Economy
Mar 18, 2024

Markets frustrated as Fed drops no hints on post-pandemic economy

With investors having to guess how they will respond, households and businesses are finding it harder to plan.
Nvidia's CEO Jensen Huang displays products onstage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on Monday.
BUSINESS / Tech
Mar 19, 2024

Nvidia unveils 'superchip' successor to all-conquering AI processor

The new chip, multiple times faster at handling AI models, will be the basis of new computers being deployed by the world’s largest data center operators.
The annual South by Southwest Conference (SXSW) in Austin, Texas, was held on Saturday.
BUSINESS / Tech
Mar 20, 2024

Will AI help or hurt workers? At SXSW, that depends on who you ask.

According to a global survey from Slack, 42% of office workers say they’re excited about AI, but some 27% find the prospect concerning.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024

How the Bank of Japan's plan for a smooth stimulus exit unfolded

The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.
People visit the Huawei stand at the 2024 Mobile World Congress in Barcelona last month.
BUSINESS / Tech
Mar 20, 2024

U.S. weighs sanctioning Huawei’s secretive Chinese chip network

Any move would come after the Chinese telecom giant notched a significant technological breakthrough last year.
The Bing website on a smartphone. Microsoft has received a wave of criticism from human rights groups on how its search engine works in China.
BUSINESS / Companies
Mar 21, 2024

Microsoft is attracting growing criticism for censoring Bing in China

Bing is reportedly removing information about human rights, democracy, climate change and other topics.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years