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April 30, 2025
 

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The Veolia Southwark Integrated Waste Management Facility in London.
ENVIRONMENT / Sustainability
Jul 11, 2024

Nestle quietly shifted recycling goals as plastics problem grows

Nestle changing its plastics goal means 280,000 metric tons of additional nonrecyclable plastic waste a year, according to the latest available data for 2022.
Brokers such as Nomura are busy handling transactions for the offloading of cross-shareholdings among Japanese companies, which bring in hefty fees.
BUSINESS / Companies
Jul 18, 2024

Block trades herald $5 billion fee windfall for Japan’s brokers

Pressure to improve corporate governance is leading firms to whittle down an estimated ¥50 trillion ($320 billion) they hold in companies with which they do business.
More Japanese firms have gone bankrupt in the first half of this year due to soaring costs, labor shortages and the end of pandemic-related support.
BUSINESS / Economy
Jul 18, 2024

Triple whammy takes Japan bankruptcies to decade high

Soaring costs, labor shortages and the end of pandemic-related financial support are taking a heavy toll on smaller businesses.
Some 20% of Japanese companies have stropped creating medium-term management plans to respond more flexibly to changes in the business environment and achieve long-term goals, a recent survey has found.
BUSINESS / Companies
Jul 21, 2024

20% of Japan firms have no medium-term plans, poll finds

A survey found that about 10% of companies with medium-term plans are considering changing the duration of their plans or making other reviews.
NEC employees attend a Japan Asset Management seminar to learn about building up financial assets.
BUSINESS / Companies / FOCUS
Jul 29, 2024

Japanese firms helping employees build up financial assets

Companies are inviting financial experts to guide employees on managing their pension plans and provide insights into the revamped NISA.
Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei on June 4.
BUSINESS / Companies
Sep 2, 2024

Intel CEO to pitch board on plans to shed assets and cut costs

Intel CEO Pat Gelsinger and key executives are expected to present the plan later this month, as they try to revive the once-dominant chipmaker's fortunes.
A steel plant in Shanghai operated by Baoshan Iron & Steel. Nippon Steel said in July it will dissolve its joint venture with the Chinese firm.
BUSINESS / Companies
Sep 9, 2024

Japanese firms sour on China after long years of brushing off risks

Almost half of Japanese firms in China polled in a recent survey said they won’t spend more or will cut investment this year.
Netflix has developed more local content for India featuring Bollywood actors over the years.
BUSINESS / Companies
Sep 23, 2024

India probing Netflix for visa violations and racial discrimination, email shows

Netflix has often faced heat in India over its content deemed insensitive by some users, as well as an Indian tax demand since 2023.
Catherine O’Connell has achieved a number of notable firsts in Japan.
BUSINESS / Companies
Sep 24, 2024

Pioneering foreign female attorney stresses pragmatism within Japan Inc.

Catherine O’Connell was the first foreign woman to establish a law practice in Tokyo and to sit on the audit and supervisory boards at Toyota Motor and Fujitsu.
A tea field in Makinohara, the birthplace of Bank of Japan Gov. Kazuo Ueda, in August. The city in Shizuoka Prefecture, which once thrived on a now-declining tea industry, exemplifies disparities between Japan's struggling rural areas and its bustling megacities.
BUSINESS / Economy
Oct 4, 2024

In Bank of Japan chief's birthplace, Ueda's policy puzzle is laid bare

Makinohara's mayor says the Shizuoka Prefecture surf town is not keeping pace with Japan's broader recovery.
An Ito-Yokado supermarket in Tokyo. Selling down some of its stake in the supermarket business would allow Seven & I to bring in a partner that could accelerate an overhaul of the unit.
BUSINESS
Oct 4, 2024

Seven & I considering supermarket stake sale ahead of IPO, sources say

The supermarket business includes the Ito-Yokado chain, one of Japan's best-known grocery store businesses.
Infcurion offers technology powering a range of payments services such as digital wallets and credit cards.
BUSINESS / Companies
Oct 11, 2024

Japanese payments company Infcurion says planning IPO in 2025

Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
The Hong Kong skyline on Jan. 3, 2022. In 2018, Hong Kong received a record 65 million tourists. In 2023, it welcomed a little more than half that.
BUSINESS
Oct 17, 2024

Tourism has rebounded worldwide but not in Hong Kong.

The rebound of international travel to the city continues to lag far behind the tourist activity reported at most other Asian destinations.
Leaders of the three major business groups — Keidanren, Keizai Doyukai and the Japan Chamber of Commerce — meet Prime Minister Shigeru Ishiba on Oct. 4 in Tokyo.
BUSINESS / Economy
Oct 24, 2024

¥1,500 minimum wage or bust, Japanese companies told

Managers unable to keep up with the minimum-wage increase schedule “are unfit for their positions,” Keizai Doyukai Chair Takeshi Niinami has said.
The monthly report identified higher interest rates in the U.S. and Europe, and stagnation in Chinese real estate market as downside risks for the Japanese economy.
BUSINESS / Economy
Oct 29, 2024

Japan continues to see moderate recovery but cuts factory output view

The government reiterated the need to pay close attention to potential global economic risks and financial market volatility.
Shopify, whose key selling point is lower prices for its suite of e-commerce services, has been cheekily calling out Salesforce’s penchant for wining and dining potential clients.
BUSINESS / Tech
Oct 30, 2024

Shopify is winning Salesforce clients, stoking e-commerce rivalry

The Canadian company — for years the go-to for mom-and-pop businesses looking to set up shop online — is setting its sights on larger companies in a dramatic shift.
Samsung’s stock has plunged 32% from July’s peak as it lags behind rivals in AI memory and chipmaking, shedding $122 billion in market value and investor confidence.
BUSINESS / Companies
Oct 30, 2024

Samsung’s sudden $122 billion wipeout shows the cost of sleeping on AI

South Korea’s biggest company has become a stark example of how quickly fortunes can turn in the AI and chipmaking industries.
Images of semiconductor wafers at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, Taiwan, on April 18, 2023. Taiwan's stock market emerged as the hottest major bourse in Asia over the past year, led by TSMC and Hon Hai Precision Industry.
BUSINESS / Tech
Oct 31, 2024

AI’s $1.3 trillion future increasingly hinges on Taiwan

Thousands of businesses, executives and entrepreneurs rely on the island's unparalleled combination of talent, cost and speed.
Itochu has tapped Daiwa Securities Group and the founding Ito family has hired SMBC Nikko Securities as financial advisers for their ¥9 trillion ($58.4 billion) proposal to take Seven & I Holdings private, people with knowledge of the matter have said.
BUSINESS / Companies
Nov 25, 2024

Nomura, Daiwa and other advisers win coveted Seven & I buyout roles

The multitude of financial advisers reflects the complexity of any potential buyout, as well as the lucrative fees if consummated.
"I asked for cooperation in next year’s wage negotiations for a substantial wage increase, building on this year’s momentum,” Prime Minister Shigeru Ishiba said.
BUSINESS
Nov 26, 2024

Ishiba renews pressure on companies to ramp up pay

Average wage deals this year hit a 33-year-high as firms responded to demands to raise pay amid ongoing inflation.
Vehicles pass in front of an Exxon service station in Bethesda, Maryland, on Monday. Material stolen from the company's critics in a hack-and-leak operation continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
BUSINESS / Companies
Nov 28, 2024

Exxon lobbyist probed over hacked papers that disrupted climate lawsuits

The stolen material continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
Sharp's plant in Sakai, Osaka Prefecture, that has ceased production of large liquid crystal display panels for television, a symbolic end to the company's signature business.
BUSINESS / Companies
Dec 1, 2024

Sharp marks end of era with halt to large LCD panel production

Now owned by a Taiwanese investor, Sharp has also scaled back production of small and medium-sized LCD panels used in smartphones and personal computers.
Mitsubishi has dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorized trades with local companies, including some that were related to him.
BUSINESS / Companies
Dec 4, 2024

Mitsubishi loses $90 million in suspected China metal fraud

The company has dismissed a Shanghai-based copper trader after finding that he had made unauthorized trades with local companies.
Satoko Shisai
BUSINESS / WOMEN AT WORK
Dec 15, 2024

Forging a career through digital transformation and mindset change

Backed by a strong belief in career ownership, Satoko Shisai built her own success at IBM Japan and Chugai.
Ant and Alibaba co-founder Jack Ma
BUSINESS / Tech
Dec 9, 2024

Jack Ma pushes AI drive in rare speech since Ant crackdown

The co-founder of Ant and affiliate Alibaba showed up to talk about the next 20 years of the fintech company and the opportunities brought on by artificial intelligence.
People are seen at one of Seven & I Holdings's 7-Eleven convenience stores in Tokyo in January 2017.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024

7-Eleven battle shows resilience of Japan Inc.'s family ties

Founding families are able to wield considerable power in Japanese companies despite holding small stakes.
Disney and Oriental Land executives pose with Disney characters at the unveiling of an expanded cruise line, in Urayasu, Chiba Prefecture, earlier this year.
BUSINESS / Companies / FOCUS
Dec 16, 2024

Tokyo Disney Resort operator eyes cruises for new growth

The company plans to invest approximately ¥330 billion in the project, hoping to launch services in fiscal 2028.
Masahiro Kihara, the CEO of Mizuho, Japan’s third-largest lender, is expecting U.S. President-elect Donald Trump to make regulations more business friendly.
BUSINESS / Companies
Dec 24, 2024

Mizuho CEO sees global boom in M&A after Trump takes office

Masahiro Kihara, the CEO of Mizuho, Japan’s third-largest lender, is expecting U.S. President-elect Trump to make regulations more business friendly.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe in a news conference in Tokyo on Dec. 23
BUSINESS / Companies
Dec 31, 2024

Honda likely to own majority of holding firm with Nissan

Nissan's faltering business performance could be a hurdle to the planned integration.
Economy minister Yoji Muto during a meeting on Wednesday in Tokyo's Chiyoda Ward
BUSINESS / Economy
Jan 8, 2025

Economy minister calls for continued wage increases

"Now is the time to step on the accelerator on wages and investment in order to transition to a growth-oriented economy," said Yoji Muto.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
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.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
Could this be Japan’s year at the Kentucky Derby?
Christophe Lemaire rides Admire Daytona, who was bred in Japan, during the UAE Derby at Meydan Racecourse in Dubai on April 5.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
U.S. secretary of the navy weighs ‘dual-use’ shipbuilding with Japan
John Phelan at a Senate confirmation hearing for U.S. secretary of the navy in Washington in February

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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
By Alex K.T. Martin

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