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April 30, 2025
 

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The Japanese conglomerate put in its offer to the European Commission on Thursday, the same day it requested EU clearance for the deal, an EU regulatory filing showed Friday.
BUSINESS / Companies
Sep 16, 2023

Hitachi offers to sell assets to win EU okay for Thales rail deal

Hitachi has offered to sell assets in France and Germany as well as its core train control tech to gain EU approval for the railway signaling deal.
Couples prepare to have their photo taken during a wedding photography shoot on a in Shanghai on Sept. 6.
BUSINESS / Companies
Sep 19, 2023

Fewer 'I dos' ruin the party for China's $500 billion wedding industry

The trend is worrying officials trying to revive marriage rates and birth rates, which dropped to record lows last year.
Secondhand Toyota cars on sale in Moscow in July 2016
BUSINESS / Companies
Oct 3, 2023

Japan puts the brakes on lucrative used-car trade with Russia

While wiping out Russia's biggest source of used cars, sanctions have driven down prices for secondhand cars in Japan.
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023

Exxon Mobil's megadeal to test climate-aware shareholders

Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
Pudong's Lujiazui Financial District in Shanghai in August
BUSINESS / Economy
Oct 13, 2023

Most Japanese companies pessimistic on China’s economy

A quarter of firms said they wouldn’t invest in China this year, while another 22% said they would reduce the amount they invest, a report has shown.
Hiroshi Mikitani, chairman and CEO of Rakuten Group, speaks during a news conference in Tokyo in May.
BUSINESS / Companies
Oct 17, 2023

Rakuten rally from record lows clouded by looming bond deadlines

The most pressing task now for Rakuten is to raise funds for a wall of more than $5 billion of bonds due in the next two years.
About 9 million sets of customer information have been leaked from an NTT West subsidiary.
BUSINESS / Companies
Oct 18, 2023

NTT unit says around 9 million sets of customer information leaked

The former worker illegally downloaded customer information between around July 2013 and January this year.
Funding for AI companies has outpaced every other category of tech.
BUSINESS / Tech
Oct 18, 2023

AI funding soars to $17.9 billion while rest of tech slumps

Multibillion-dollar investments in artificial intelligence startups have become almost commonplace in Silicon Valley.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023

Kioxia has approached JIC to back Western Digital deal: sources

Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
BUSINESS / Companies
Oct 23, 2023

Race to develop new laundry detergent heats up in Japan

Manufacturers are racing to offer detergent products that come in single washing amounts and do not require measurement.
An electronic stock board in Tokyo. Kokusai Electric is set to go public on the Tokyo Stock Exchange on Wednesday.
BUSINESS / Markets
Oct 24, 2023

KKR poised for Kokusai payoff with largest Japan IPO since 2018

The American private equity firm acquired the business from Hitachi Kokusai Electric through a tender offer in 2018.
Mizuho's main lending business has stayed strong as economic activity continues to normalize from the COVID-19 pandemic, helping the bank press down credit costs.
BUSINESS / Companies
Nov 13, 2023

Mizuho hikes profit forecast on robust economic outlook

The lender raised its profit forecast to ¥640 billion from ¥610 billion, outpacing the ¥625.56 billion average estimate of 14 analysts.
Indo-Pacific Economic Framework leaders pose for a family photo at the Asia-Pacific Economic Cooperation summit in San Francisco on Thursday.
BUSINESS / Economy
Nov 18, 2023

Indo-Pacific trade deal prospects dim as U.S. election year looms

Election-year pressures and resistance to tough commitments from some countries make a deal unlikely anytime soon, observers say.
An employee works on the assembly line in a hangar of an aircraft manufacturer near the town of Odolena Voda, Czech Republic, in July 2017.
BUSINESS / Companies
Nov 20, 2023

Central Europe's defense companies spy African opportunity

Former Warsaw Pact members are well-placed to maintain or upgrade many weapon systems used on the continent.
BUSINESS
Nov 20, 2023

Listed firms in Japan work on fostering female managers

An increasing number of publicly traded Japanese companies are actively fostering female managers to assume leadership roles in the future.
BUSINESS / Companies / ANALYSIS
Nov 20, 2023

Japan's back-to-back wage bonanza would open door for BOJ exit

The news comes as the government pushes companies to hike pay to help offset rising living costs.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023

Barclays expects bumper Japan profit amid struggles elsewhere

The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
A worker cleans a table in an empty McDonald's restaurant in Cairo on Monday.
BUSINESS / Companies
Nov 23, 2023

Boycott campaigns over Gaza hit Western brands

Companies are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries.
The Amazon.com logo on a laptop. The online retailer has announced the launch of its own AI chatbot, Q.
BUSINESS / Companies
Nov 29, 2023

Pursuing rivals, Amazon announces corporate AI chatbot

Last year's Amazon Web Services trade show was overshadowed by the release of OpenAI’s ChatGPT, which quickly wowed users.
A coworking space at Tokyo Venture Capital Hub
BUSINESS / Companies
Dec 3, 2023

Tokyo’s new venture capital hub aims to boost ties among investors

Mori Building hopes that the large-scale hub for venture capital firms will ratchet up investment for startups and strengthen cooperation among investors.
Business sentiment among major Japanese companies was positive for the third successive quarter in October to December, led by a continued improvement in automobile-related industries.
BUSINESS / Economy
Dec 11, 2023

Sentiment of Japan's big firms remains positive in latest quarter

The business sentiment index for companies with capital of ¥1 billion or more stood at plus 4.8, against plus 5.8 in the previous quarter.
Japan's core machinery orders climbed for a second straight month in October.
BUSINESS / Economy
Dec 14, 2023

Japan's October machinery orders rise despite economic uncertainty

By sector, orders from manufacturers climbed 0.2% in October from the previous month, bouncing back from a 1.8% decline in September.
The U.S. head office of TikTok in Culver City, California
COMMENTARY / World
Dec 24, 2023

Whoever designed TikTok Shop should get coal for Christmas

With TikTok Shop's debut holiday season, is sees a mixed bag of success and struggles.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023

Japan penalizes biggest property insurers for price fixing

The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
Erin Lim, CEO of baby products company Konny, in front of her company's new office in Seoul. Early starts and late finishes to workdays are routine in South Korea, a country notorious for its hard-driving corporate culture, but Erin Lim knew she wanted to do things differently at her business.
BUSINESS / Companies
Dec 28, 2023

South Korean mother's office-free firm sparks hope amid birthrate woes

South Korea has some of the world's lowest birth rates, and despite government incentives many women choose not to become mothers.
Alaska Airlines Boeing 737 Max-9 aircraft grounded at Seattle-Tacoma International Airport (SEA) on Saturday. Alaska Airlines will ground its entire fleet of Boeing 737 Max-9 aircraft after a fuselage section in the rear part of the brand-new jet blew out shortly after takeoff last Friday.
BUSINESS / Companies
Jan 8, 2024

Boeing CEO’s comeback plan for 2024 takes a blow five days in

Alaska Airlines incident could hinder the year's manufacturing pace for 737s amid immense pressure on the planemaker to return its factories to 2019 rates.
British lawmakers are calling for billions of dollars of government contracts with Fujitsu to be reexamined amid public outrage over the scandal, ignited by a hit TV drama aired last week.
BUSINESS / Companies
Jan 11, 2024

Japan tech firm Fujitsu in firing line over U.K. Post Office scandal

Its faulty software had resulted in hundreds of local post office managers being wrongly convicted for theft and false accounting between 1999 and 2005.
China's economy grew 5.2% last year, more than most major economies. But for many in the country, the world's second-largest economy feels like it's shrinking.
BUSINESS / Economy
Jan 18, 2024

For many in China, the economy feels like it is in recession

A crisis of confidence is keeping Chinese consumers from spending and businesses in the world's second-largest economy from hiring and investing.
Executives at the World Economic Forum say they are grappling with how to turn early demos featuring artificial intelligence into money-makers.
BUSINESS / Tech
Jan 18, 2024

AI buzzes Davos, but CEOs wrestle with how to make it pay

The arrival of OpenAI's viral ChatGPT in late 2022 triggered a frenzy of venture investment and an abrupt change of course inside the world's biggest technology companies.
Japan's core machinery orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, fell more than expected in November.
BUSINESS / Economy
Jan 18, 2024

Japan's core machinery orders fell more than forecast in November

Capital spending is one of the key drivers for Japan's economy and a major indicator of business confidence.
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.
China seizes disputed reef near key Philippine military outpost
China Coast Guard officers unfurl a national flag on Sandy Cay reef, near the Philippine-held Thitu Island, in disputed waters of the South China Sea this month in this screen shot taken from Chinese state broadcaster CCTV.
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.
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.
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
Expo '25 gives the world a masterclass in mascots
2025 Osaka Expo mascot Myaku-Myaku dances on the stage during the event's official opening ceremony on April 12.

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

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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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