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BUSINESS / Companies
Jun 19, 2018

Mercari's IPO raises over ¥60 billion on Mothers, putting Japanese flea market app in spotlight

Mercari Inc., Japan's first unicorn to go public, made its debut Tuesday on the Tokyo Stock Exchange's Mothers section, becoming the largest IPO this year.
Japan Times
JAPAN
Jun 18, 2018

Suit-style work wear helps attract young recruits to Japan's blue-collar trades

When asked to imagine a typical image of white-collar workers in Japan, salarymen in suits may come to mind.
Japan Times
BUSINESS / Companies
Jun 11, 2018

Mercari's top-of-range IPO set to make founder Shintaro Yamada Japan's newest billionaire

Mercari Inc. priced its initial public offering at the top of the range to sell ¥130.5 billion ($1.2 billion) worth of shares, a valuation that's set to make its 40-year-old founder a billionaire.
Japan Times
BUSINESS
Jun 6, 2018

China's ZTE inks preliminary accord to lift U.S. supplier ban, sources say

ZTE Corp. has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing China's No. 2 telecommunications equipment-maker to get back into business, according to sources.
EDITORIALS
Jun 5, 2018

Push for equal work, equal pay principle

Greater efforts must be made to reduce the pay gap between regular and irregular workers.
Japan Times
BUSINESS / Economy
Jun 2, 2018

U.S. may claim up to $1.7 billion penalty from China's ZTE Corp.: sources

The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp. as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter.
Japan Times
BUSINESS
May 26, 2018

Trump says China's ZTE to pay $1.3 billion fine to stay in business

President Donald Trump said the U.S. would allow Chinese telecommunications-equipment maker ZTE Corp. to remain in business after paying a $1.3 billion fine, changing its management and board and providing "high-level security guarantees."
Japan Times
COMMENTARY / Japan
May 22, 2018

How to stop sexual harassment

Progress is being made in Japan, but legislation is needed to give anti-harassment efforts real teeth.
Japan Times
CULTURE / Film
May 16, 2018

Hyoe Yamamoto dives into Japan's culture of corporate corruption in 'Samurai and Idiots: The Olympus Affair'

Speaking as a Japanese person, it's a bit disheartening to see the words "samurai" and "idiot" in the same sentence. Filmmaker Hyoe Yamamoto's documentary "Samurai and Idiots: The Olympus Affair" not only pairs the two, it shows the lack of logic and wisdom behind the so-called samurai spirit that many...
Japan Times
BUSINESS / Companies
May 15, 2018

Toshiba books first net profit in four years

The firm said it improved its balance sheet by recording u00a5783.1 billion in shareholders' equity at the end of March, staving off a risk of being delisted.
BUSINESS
Apr 30, 2018

Sainsbury grocer to add Asda in $10 Billion deal with Walmart

U.K. grocer J Sainsbury PLC plans to buy Walmart Inc.'s Asda in a £7.3 billion ($10 billion) deal that would transform the country's supermarket industry and leave the U.S. retailer as the combined company's biggest shareholder.
Japan Times
BUSINESS
Apr 26, 2018

Chevron evacuates foreign execs from Venezuela after staff arrests amid beef with state-owned oil firm

U.S. oil major Chevron Corp. has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.
Japan Times
BUSINESS / Companies
Apr 23, 2018

Toshiba weighs chip-unit options as Chinese regulators look set to delay sale to Bain beyond deadline

Toshiba Corp. is all but guaranteed to miss a May 1 deadline to sell its memory chip business to a Bain Capital-led group, people familiar with the matter said, raising the chances it may consider other options that could yield billions of additional dollars for the unit.
BUSINESS / Companies
Apr 21, 2018

Japanese drugmaker Takeda adds more cash to Shire bid, sending offer past $60 billion

Takeda Pharmaceutical Co. sweetened its offer for drugmaker Shire PLC to more than $60 billion after three prior bids were rejected, wooing investors in the U.S. company with a higher cash component.
Japan Times
BUSINESS / Tech
Apr 20, 2018

Nintendo's $30 billion rally now depends on $70 cardboard pianos

Nintendo Co. got its start in 1889 as a successful manufacturer of hanafuda (playing cards made out of stiff paper). Now the game-maker is embracing the same materials for its next trick.
Japan Times
BUSINESS
Apr 19, 2018

Facebook to put 1.5 billion users out of reach of new EU privacy law

If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it, but the online social network is making changes that ensure the number will be much smaller.
Japan Times
BUSINESS / Companies
Apr 12, 2018

Open sesame as Kadoya opens second oil factory, maintains market mainstay niche

On a small island known for olives and wild monkeys, Rika Onishi spends her days tasting and sniffing sesame oil. She's one of a small group of Kadoya Sesame Mills Inc. employees who make sure the oil always has the same taste and aroma.
Japan Times
BUSINESS / Companies
Apr 3, 2018

New Toshiba CEO says chip unit sale will proceed despite eased delisting fears

New Toshiba Corp. Chairman and CEO Nobuaki Kurumatani emphasized Tuesday that the company does not intend to change plans to sell its lucrative memory chip unit even now that it has staved off financial woes.
Japan Times
WORLD
Mar 23, 2018

New post-Brexit British passport to be made by Franco-Dutch firm De La Rue

The new blue British passports that Prime Minister Theresa May called "an expression of our independence and sovereignty" after Brexit will be made by a Franco-Dutch firm, the boss of the British company which lost the contract said Thursday.
Japan Times
BUSINESS / Companies
Mar 17, 2018

'Exhausted' Toys R Us suppliers weigh options as huge retailer shuts

When Toys R Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.
Japan Times
WORLD
Mar 15, 2018

Brooklyn sale by Kushner family firm, at 60% premium, linked to NTT — one-third owned by Japan's government

Two months after Jared Kushner joined the White House as a senior adviser, his family firm sold a stake in a Brooklyn building to a unit of a company whose largest shareholder is the government of Japan.
Japan Times
CULTURE / Art
Mar 11, 2018

It's not just the exhibits that are expensive at art fairs

The month of March inaugurates the spring art fair season, a combination of commerce, parties and culture that attendees love to pretend to hate. Even though the fairs are explicitly designed for galleries to sell art, dealers complain about them whenever they get a chance. For everyone else, the phenomenon...
Japan Times
BUSINESS / Companies
Mar 6, 2018

Kobe Steel CEO steps down over data fabrication scandal

The move comes as the firm seeks to take responsibility for the brouhaha that dented the nation's once vaunted reputation for excellence.
Japan Times
JAPAN / Regional voices: Chubu
Mar 5, 2018

Chubu Electric tests mobile payment app as prelude to blockchain-based energy marketplace

Chubu Electric Power Co. has developed a mobile payment app for virtual currencies, and has started testing it in-house with employees using it to purchase coffee.
Japan Times
BUSINESS / Tech
Feb 25, 2018

Apple moves to store iCloud keys in China, raising rights concerns

When Apple Inc. begins hosting Chinese users' iCloud accounts in a new Chinese data center at the end of this month to comply with new laws there, Chinese authorities will have far easier access to text messages, email and other data stored in the cloud.
Japan Times
COMMUNITY / Our Lives / WHY DID YOU LEAVE JAPAN?
Feb 24, 2018

Filmmaker Kazuhiro Soda doesn't underestimate the power of observation

In late 1992, Kazuhiro Soda was attending a "company information session" in Tokyo, where young students about to graduate from university were introduced to various companies as prospective recruits.
Japan Times
COMMUNITY / Our Lives / WHY DID YOU LEAVE JAPAN?
Feb 17, 2018

Yoshihisa Arai: Floating on air in Chicago

At rehearsal a week before the debut of the Joffrey Ballet's latest production in Chicago, dancer Yoshihisa Arai sat on the ground in the back of the rehearsal space with his legs in a split, stretching and checking his smartphone.
Japan Times
BUSINESS / Companies
Feb 16, 2018

Uber CEO predicts Amazon-style losses to reach lofty goals

Speaking at a conference in San Francisco, Uber Chief Executive Officer Dara Khosrowshahi rattled through the company's ambitions: food delivery, freight, autonomous vehicles and even buses and bikes.
Japan Times
JAPAN / EXPLAINER
Feb 12, 2018

Japan's staff-heavy banks downsize and turn to technology for survival

These are tough times for banks.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past