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BUSINESS
Aug 2, 2011

Nomura, Daiwa to slash jobs, costs as losses mount abroad

Nomura Holdings Inc. and Daiwa Securities Group Inc., Japan's largest brokerages, plan to cut costs as the faltering local economy, Europe's sovereign credit crisis and U.S. debt impasse weigh on earnings.
Japan Times
BUSINESS
Jul 28, 2011

Salarymen stick with laptops over iPads

When Yuta Moriya was offered Apple Inc.'s 613-gram iPad by his employer last summer, he envisioned a future free of lugging his laptop around for client visits. He was wrong.
BUSINESS
Jul 27, 2011

K-pop stars luring Japan to buy Korean products

Yuko Ishii, a 53-year-old factory worker in central Japan, used to feel reluctant about buying products made in South Korea. That changed after she became a fan of pop stars such as boy band TVXQ.
BUSINESS
Jul 20, 2011

Nikko Asset reportedly choosing underwriters

Nikko Asset Management Co. this week began choosing lead underwriters for an initial public offering, setting up the first debut share sale by a major Japanese asset manager in a decade, three sources said.
Japan Times
BUSINESS
Jan 26, 2011

Sony starts up fee-based music

Sony Corp. and the world's major record labels are starting their own music streaming service in the U.S. this quarter to challenge Apple Inc.'s iTunes, after years of letting startups license their artists.
BUSINESS
Jan 21, 2011

Nintendo chief sees 'rocket start'

Nintendo Co.'s president predicted a "rocket start" to U.S. sales of the 3DS hand-held game machine, boosted by the device's high-definition graphics and titles showcasing its features.
Japan Times
BUSINESS
Feb 3, 2010

Nomura returns to profit

Nomura Holdings Inc. returned to profit in the third quarter on a ninefold surge in the value of local equity sales as banks issued new stock to bolster capital.
BUSINESS
May 2, 2009

SMFG to buy Nikko Cordial

Sumitomo Mitsui Financial Group Inc. has agreed to buy Nikko Cordial Securities Inc. and part of Nikko Citigroup Ltd. from troubled U.S. financial giant Citigroup Inc. for ¥545 billion, the two sides reported Friday.
Japan Times
BUSINESS
Apr 9, 2009

Bankers invited to 'pink slip party' at local Roppongi watering hole

Soichiro "Swimmy" Minami, a former Morgan Stanley banker, is organizing what he says is Japan's first "pink slip party" for finance professionals, in a Tokyo bar where Lehman Brothers Holdings Inc. employees once mingled.
BUSINESS
Sep 29, 2007

Stricter law forces companies to tighten funds pitch

Mitsubishi UFJ Financial Group Inc. and Nomura Holdings Inc. are among Japanese financial companies being forced to tighten marketing of mutual funds as a law to protect individual investors comes into effect next week.
BUSINESS
Aug 2, 2003

FSA kicking banks out of bed, demands results

In a move suggesting further deterioration in the cozy relations between banks and regulators, the Financial Services Agency slapped banks with a business improvement order Friday for failing to meet pledged targets in fiscal 2002.
BUSINESS
Jan 16, 2002

UFJ Bank makes shaky debut

UFJ Holdings Inc. decided Tuesday to dip into its reserves to the tune of 1 trillion yen to make dividend payments, indicating that the group's new bank, which officially began operations the same day, is already desperately low on capital.
Japan Times
ASIA PACIFIC / Crime & Legal
Aug 2, 2022

North Koreans suspected of using fake resumes to infiltrate cryptocurrency sector

Gathering intelligence about upcoming trends in the industry could give Pyongyang an edge in how to launder cryptocurrency and avoid sanctions.
Japan Times
BUSINESS / Companies
Jun 23, 2022

SoftBank’s Son faces shareholders shaken by ¥4.6 trillion loss

With SoftBank's own financial health on the line, shareholder confidence is near a breaking point, some analysts have said.
Japan Times
BUSINESS
Jun 2, 2022

Elon Musk’s return-to-office mandate flies in the face of new reality

Musk's ultimatum for Tesla also runs counter to current policy at Twitter, which is one of the most prominent tech companies to let most employees work from home permanently.
Japan Times
BUSINESS / Companies
May 11, 2022

SoftBank faces record loss as Masayoshi Son’s bets tumble again

The world's largest tech fund is estimated to have lost about $18.6 billion on its public portfolio alone during the quarter that ended March 31.
Japan Times
BUSINESS / Tech
Apr 5, 2022

Elon Musk’s ‘passive’ Twitter stake starts with poll on edit button

Whether Musk stays passive or switches to active, Twitter shares soared 27% on Monday, a signal that shareholders welcome his investment.
Japan Times
WORLD / Politics
Mar 17, 2022

House Republicans who challenged Biden's win are losing out on corporate cash

The shift illustrates a growing gulf between business interests and members of the Republican Party still aligned with Donald Trump.
Japan Times
BUSINESS / Companies
Mar 16, 2022

Scandal rocks Japanese finance as SMBC Nikko staff are arrested

The arrests are a sudden escalation of a situation that's been brewing since at least June, when the Financial Services Agency's enforcement arm raided SMBC Nikko's offices.
Japan Times
BUSINESS
Mar 2, 2022

Apple, Nike and Hollywood spurn Russia, isolating Putin

From the iPhone to Air Jordans, highly prized U.S. brands are vanishing from the Russian marketplace in a way that will be hard for consumers to ignore.
Japan Times
BUSINESS / Economy
Feb 22, 2022

An obscure corner of Wall Street is making billions trading inflation

Most of the world hates inflation, but for a small band of traders who can navigate its challenges, inflation has finally become a goldmine.
Japan Times
BUSINESS / FOCUS
Jan 14, 2022

Netflix needs new subscribers. Its Korean playbook is its secret weapon.

Following the popularity of the 'Squid Game' series, Netflix is hoping to ride its Korean surge to greater success elsewhere in the Asia-Pacific region in order to attract more subscribers.
Japan Times
BUSINESS / Markets / FOCUS
Dec 13, 2021

As Japan's finance sector ends painful year, ex-Nomura banker vows to bring change

By taking effective control of Shinsei Bank Ltd., Yoshitaka Kitao is setting his sights on creating a banking alliance to rival the conservative old guard.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami