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Alimentation Couche-Tard’s takeover bid for Seven & I already faces a potential funding problem, but the yen's recent rise puts another hurdle.
BUSINESS / Companies
Sep 5, 2024

Strong yen adds to challenge for Couche-Tard’s Seven & I bid

The buyout already faces questions in terms of potential funding and the target’s efforts to seek government protection.
The 225-issue Nikkei average plunged 4.2% on Wednesday, its sharpest drop since a 12% crash on Aug. 5.
BUSINESS / Markets
Sep 5, 2024

Japanese stocks seen as volatile and capped as U.S. walks economic tightrope

Japan's stock market is heavily influenced by movements in Wall Street and the exchange rate, which remain uncertain due to the unpredictable U.S. presidential election.
Sengu Capital, based in Hong Kong, will start a new hedge fund focused on Japanese firms improving management quality.
BUSINESS / Companies
Sep 9, 2024

New hedge fund gains backing for bets on Japan market revival

Investors have been trying to put more money to work in Japan, as the country emerges from more than a decade of deflation.
Growing moves by companies to pass on higher costs to consumers amid accelerating inflation are believed to have led to the decrease in bankruptcies.
BUSINESS / Companies
Sep 10, 2024

Japan business failures log first drop in 29 months in August

The figure stood below 800 for the first time in four months.
Panasonic has supported the Olympic Games with its technologies, product and services, such as the Technics turn-tables at the breaking event in Paris last month.
BUSINESS / Companies
Sep 10, 2024

Panasonic ends 37-year contract as top Olympics sponsor

The Osaka-based company first became an official partner of the Olympic Games in 1987 and expanded its partnership to the Paralympics from 2014.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Sep 11, 2024

BOJ’s bond buying cuts carve out opening for investors

Net purchases by the central bank have fallen below zero as redemptions surpassed buying.
The PlayStation 5 Pro gaming console is priced at $699.99 in the United States, and ¥119,980 in Japan.
BUSINESS / Companies
Sep 11, 2024

Sony prices PlayStation 5 Pro game console at a hefty $699.99

In Japan, the midgeneration console is priced at ¥119,980, compared with the standard PlayStation 5 digital model's ¥72,980 price tag.
A water tower at the United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4
BUSINESS / Companies
Sep 14, 2024

Biden administration is likely to delay decision over U.S. Steel

The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
A secretive program called Secure Enclave and involving Intel and the Pentagon seeks to establish production for advanced chips with military and intelligence applications.
BUSINESS / Tech
Sep 14, 2024

Intel solidifies $3.5 billion deal to make chips for U.S. military

The secretive program, called Secure Enclave, seeks to establish production for advanced chips with military and intelligence applications.
Nippon Steel may be interested in buying the troubled Italian steel plant formerly known as Ilva, Il Sole 24 Ore reported on Saturday, without saying where it got the information.
BUSINESS / Companies
Sep 14, 2024

Nippon Steel may bid for Italy’s ex-Ilva plant, report says

Representatives of Italy’s government and Japan’s embassy discussed the potential offer last week, the newspaper said without revealing its source.
The Mountain Pass mine, operated by MP Materials in California, is the only rare earths mine in the United States.
BUSINESS / Economy
Sep 17, 2024

China’s grip on rare earths undercuts projects from U.S. to Japan

Japan's experience reducing its dependence on China shows that rare earths projects take longer and are more expensive than initially expected.
Rapidus' new semiconductor plant under construction in Chitose, Hokkaido, in July
BUSINESS / Companies
Sep 18, 2024

New high-profile chip plants driving up nearby land prices across Japan

Expectations for growth in demand for semiconductors has boosted demand for commercial and industrial plots, and housing.
Migrant workers and union members hold a demonstration in favor of fair working conditions in the Made in Italy supply chain, in Geneva on Sept. 11.
BUSINESS
Sep 19, 2024

How migrant workers suffer to craft the 'Made in Italy' luxury label

Brands rely on a chain of contractors and subcontractors, with checks on conditions and the treatment of workers virtually nonexistent.
U.S. Federal Trade Commission Chair Lina Khan
BUSINESS / Tech
Sep 20, 2024

U.S. accuses social media giants of 'vast surveillance'

Tech companies "harvest an enormous amount of Americans' personal data," says FTC chief Lina Khan.
Japanese radio equipment maker Icom director Yoshiki Enomoto shows its model IC-V82 device, which the company said they stopped production in 2014, during an interview at its headquarters in Osaka on Thursday.
BUSINESS / ANALYSIS
Sep 21, 2024

Hack of Hezbollah devices exposes dark corners of Asia supply chains

Counterfeiting, surplus inventories and complex contract manufacturing deals can sometimes make it impossible to identify the source of a product.
Four Japanese private-sector banks including MUFG Bank will participate in an international demonstration test for cross-border payments using digital currencies led by the Bank for International Settlements.
BUSINESS
Sep 23, 2024

Four Japanese banks participate in digital currency project

MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and SBI Shinsei Bank will participate in the project.
Chevrolet Silverado 1500s and GMC Sierra 1500s make their way through an assembly line at the General Motors assembly plant in Fort Wayne, Indiana, on April 9.
BUSINESS
Sep 24, 2024

Biden administration proposes ban of Chinese and Russian car parts

The proposed ban is aimed at the sale and import of Chinese- and Russian-made hardware and software for connected vehicles.
Bank of Japan Gov. Kazuo Ueda indicates the central bank is in no rush to raise interest rates further.
BUSINESS / Economy
Sep 24, 2024

BOJ chief signals no rush in raising rates further

The central bank can afford to spend time scrutinizing market and overseas economic developments in setting monetary policy, Gov. Kazuo Ueda says.
Nippon Steel Vice Chairman Takahiro Mori says the company remains committed to talks with the United Steelworkers (USW) labor union.
BUSINESS / Companies
Sep 24, 2024

Nippon Steel's Mori asks USW leadership to 'come to the table'

The deal has faced opposition from high-profile Democrats and Republicans ahead of the U.S. November presidential elections.
Toyota added ¥200 billion to a ¥1 trillion stock repurchase plan announced in May, according to an exchange filing Tuesday.
BUSINESS / Companies
Sep 24, 2024

Toyota raises buyback to ¥1.2 trillion, citing share levels

The carmaker’s operating profit for the three months ended June 30 was ¥1.31 trillion, 17% higher than a year earlier.
Kioxia Holdings was reportedly planning an initial public offering in October valuing it at $10 billion.
BUSINESS / Companies
Sep 25, 2024

Kioxia reportedly pulls IPO as AI winter looms

The IPO delay comes as the chip business globally faces a number of challenges related to possible overcapacity in some products.
Suntory alcoholic and nonalcoholic beverages
BUSINESS / Companies
Sep 26, 2024

Suntory to raise monthly wages by 7% in 2025

Suntory will carry out a 7% raise for the third straight year.
Toshiki Kawai, chief executive officer of Tokyo Electron
BUSINESS / Companies
Sep 27, 2024

Tokyo Electron prepares for India expansion as Modi lures chipmakers

India is amping up efforts to attract international electronics companies and chipmakers to set up facilities within its borders.
The Sharp air purifier's furniture-like design was overseen by architect Kengo Kuma.
BUSINESS / Companies
Sep 27, 2024

Sharp collaborates on wooden air purifier with architect Kengo Kuma

The purifier is aimed at corporate clients and will sell for ¥550,000 yen.
The X account of Elon Musk in seen blocked on a mobile screen on Aug. 31.
BUSINESS / Companies
Sep 27, 2024

Musk's X seeks Brazil comeback, retreats on 'censorship' feud

The billionaire had held out for more than five months against what he called "censorship" in a feud with a judge in one of X's largest and most coveted markets.
The Federal Reserve building in Washington. Federal Reserve Chair Jerome Powell said last week he felt that the pre-pandemic years during which the Fed's rate hovered near zero for years and Europe delved into the exotic world of negative rates are gone for good.
BUSINESS / Economy
Sep 27, 2024

A global hunt for neutral rates to shape world finance costs

Policymakers are exploring whether the rates required to keep inflation in check and economies growing are higher now than the ultra-low ones before the pandemic.
Shigeru Ishiba, the newly elected leader of Japan's ruling Liberal Democratic Party holds a news conference after the LDP leadership election in Tokyo on Friday.
JAPAN / Politics
Sep 28, 2024

Ishiba gets down to the business of forming new administration

The incoming prime minister has reportedly decided to keep Yoshimasa Hayashi in the key post of chief cabinet secretary.
In 2023, SBI, PSMC and the Miyagi Prefectural Government formed a basic agreement to construct a chipmaking plant in the village of Ohira, but SBI has announced that the tie-up with PSMC ended.
BUSINESS / Tech
Sep 29, 2024

SBI to end plant construction tie-up with Taiwanese chipmaker

The Japanese online financial group has vowed to carry out the semiconductor plant project by finding new partners.
An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, in China in 2022.
BUSINESS / Economy
Sep 30, 2024

China's factory and service sectors skid as stimulus calls grow

The data showed China's manufacturing industry remains a pain point for policymakers, who acknowledged the economy faces "new problems."
The Financial Services Agency is set to begin a review of cryptocurrency rules, opening up the possibility of lower taxes on digital assets.
BUSINESS / Markets
Oct 1, 2024

Japan crypto review may open door to lower taxes and dedicated ETFs

The Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments law is adequate.

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