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April 30, 2025
 

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Japan's declining population has made it more difficult for convenience store operators to grow.
BUSINESS / Companies / FOCUS
Oct 1, 2024

Some 7-Eleven owners in Japan welcome foreign bid, hoping for change

Some franchisees are concerned about competition from rivals and say they are struggling with rising costs.
Big nonmanufacturers' mood has improved, the Bank of Japan's <i>tankan</i> survey shows, underscoring the strength of domestic demand.
BUSINESS / Economy
Oct 1, 2024

Big manufacturer sentiment steady in third quarter, tankan survey shows

While the survey found optimism among manufacturers, nonmanufacturers expect conditions to worsen in the months ahead.
Nike has been particularly criticized for failing to prioritize runners, one of its key markets.
BUSINESS / Companies
Oct 2, 2024

Nike seeks to wipe slate clean for new CEO and withdraws guidance

Investors are looking for the new CEO to rebuild Nike’s frayed relationships with retailers and staff who’ve lost faith in the company’s trajectory.
A standard Chocozap location is small and unmanned, which has made it easy for Rizap to add locations amid a chronic labor shortage.
BUSINESS
Oct 20, 2024

Gyms in Japan offer laundry, karaoke and hair-removal machines

Chocozap's oddball gyms were created as an experiment during the coronavirus pandemic.
Coffee house owner Vu Dinh Tu making coffee at a cafe in Hanoi, Vietnam on Sept. 30.
BUSINESS
Oct 7, 2024

Vietnam's young coffee entrepreneurs brew up a revolution

Coffee has become a byword for creativity and self-expression among young entrepreneurs — though their parents may take some convincing.
Toshinori Yashiki, a senior official at the Financial Services Agency, says the regulator will examine Japanese megabanks’ lending to private equity and other funds in the U.S. for risk management.
BUSINESS / Companies
Oct 15, 2024

Japan regulator to scrutinize megabanks’ lending to U.S. funds

The nation's largest banks are increasing what is known as subscription finance and lending to funds that provide equity or credit to private companies.
People walk along a street during morning rush hour near the Financial Street in Beijing on Oct. 8.
BUSINESS
Oct 16, 2024

Chinese finance professionals switch careers amid industry crackdown

The tightening scrutiny of trading, financing and dealmaking in China has brought pay and job cuts.
The average fee to send $200 from Japan is the highest among G7 countries at 6.94%, according to World Bank data for the first quarter of 2024.
BUSINESS
Oct 17, 2024

Wise becomes first foreign firm to gain direct access to Japan's payment clearing network

The move could put pressure on banks including megabanks and smaller players in the competitive market for remittances.
At least 10 firms have temporarily suspended some business activities with Nomura because of its market manipulation scandal.
BUSINESS / Companies
Oct 18, 2024

Big clients halt trades with Nomura over market manipulation scandal

At least 10 firms have temporarily suspended some business activities with Japan's biggest brokerage because of the breach.
Debt-laden companies in Japan are rapidly growing in number, in some measures even faster than in 1992 after the collapse of its asset price bubble.
BUSINESS / Companies
Oct 22, 2024

Zombie companies may finally succumb to bankruptcy on BOJ hikes

Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by Tokyo Shoko Research showed earlier this month.
Robyn Qiu (left) and her father Qiu Zhirong in their metal parts factory in Nantong, in eastern China's Jiangsu province, on Sept. 27
BUSINESS / Tech
Oct 28, 2024

China's second-generation factory owners go digital to combat challenges

Flagging domestic demand in recent years has weighed on the manufacturing sector.
Nomura Holdings Chief Financial Officer Takumi Kitamura (center) speaks during a news conference in Tokyo on Friday.
BUSINESS / Companies
Nov 1, 2024

Nomura's profit beats estimates, though scandals cloud outlook

Net income more than doubled from a year earlier to ¥98.4 billion in the three months ended Sept. 30.
Workers at a garment factory in Gazipur, Bangladesh, on April 16, 2023
BUSINESS / Tech
Nov 5, 2024

AI supports fashion's climate goals, but workers may be left behind

In Bangladesh, about 60% of apparel workers, or 2.7 million people, risk losing their jobs due to automation.
Asian chipmakers, led by Taiwan's TSMC and South Korea's Samsung Electronics, have collectively invested at least $117 billion in the U.S.
BUSINESS / Companies
Nov 7, 2024

What's at stake for Asian companies under a Trump presidency

Trump has floated the idea of a 10% or more tariff on all goods imported into the U.S.
The U.S. government has asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant.
BUSINESS / Tech
Nov 21, 2024

U.S. Justice Department proposes sale of Google's Chrome to curb monopoly

The proposed changes follow a landmark ruling that the technology giant illegally monopolized online search.
A mockup of a Northvolt battery at a factory in Skelleftea, northern Sweden. Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a company struggling to stay afloat.
BUSINESS / Companies
Nov 22, 2024

Northvolt files for bankruptcy in blow to Europe's EV ambitions

The firm said it has only enough cash to support operations for about a week.
Owning dollars has been a winning strategy for Chinese companies. The currency has been kept strong by high U.S. rates and falling Chinese ones.
BUSINESS / Markets / ANALYSIS
Nov 22, 2024

Corporate China seeks dollars as trade tensions rise

Chinese firms are squirreling away dollars, pricing contracts in yuan and opening import lines to mitigate currency risks,
Randy's Donuts in Inglewood, California. Replicas of the giant doughnut sculpture will be installed, where possible, at shops in Japan.
BUSINESS / Companies
Nov 24, 2024

An iconic 32-foot doughnut might give Randy’s an edge in Japan

The doughnut had a cameo in “2012,” where it is seen rolling down the street as an enduring symbol of end-time. Now the brand looks to tackle the tough Japanese market.
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
BUSINESS / Companies
Nov 28, 2024

Real estate worth ¥25 trillion puts Japan companies in spotlight

The hidden value of property on corporate balance sheets is a theme behind some of the biggest activist campaigns and mergers and acquisitions in Japan.
A statue of Konosuke Matsushita in the grounds of the Konosuke Matsushita Museum in Kadoma, Osaka Prefecture
BUSINESS / Companies
Nov 28, 2024

‘God of management’ comes back to life as an AI model

Panasonic icon Konosuke Matsushita is one of the most respected by the Japanese business community.
Japanese companies' capital expenditure on goods excluding software rose 9.5% year on year in the three months through September.
BUSINESS / Economy
Dec 2, 2024

Japanese firms boost capex in sign of confidence holding up

Expectations are also growing for the Bank of Japan to raise rates sooner rather than later.
Makoto Uchida, President and CEO of Nissan, holds a press briefing at the Japan Mobility Show 2023 in Tokyo on Oct. 25, 2023. Uchida is under presser to deliver a turnaround and to keep his job at the troubled carmaker.
BUSINESS / Companies
Dec 8, 2024

Nissan boss Uchida races to save the automaker — and his job

Makoto Uchida is under pressure to reverse Nissan’s fortunes after years of turmoil following the 2018 arrest of former chairman Carlos Ghosn.
Surging development costs, supply chain issues and higher inflation have heavily weighed on the offshore wind sector in recent years.
BUSINESS / Companies
Dec 9, 2024

BP and JERA to combine offshore wind operations in joint venture

The 50-50 venture, called JERA Nex BP, will include operating assets and development projects with a potential generation capacity of 13 gigawatts.
The French headquarters of Huawei Technologies in Boulogne-Billancourt near Paris in 2020. Companies that maintain business ties with Huawei could lose access to work for the Pentagon, which committed nearly $460 billion on contracts in fiscal 2023.
BUSINESS / Tech
Dec 10, 2024

Huawei suppliers to face further U.S. limits under defense bill

The bill's language effectively bars Pentagon contractors from selling chips and the equipment for making or designing them to Huawei or its affiliates.
The $8.2 billion deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
BUSINESS / Companies
Dec 11, 2024

Nippon Life to buy Resolution in $8.2 billion deal as it pursues U.S. growth

The deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
Izumi Kobayashi, director of Mizuho Financial, Omron and ANA, speaks during the Reuters Next conference in New York on Tuesday.
BUSINESS
Dec 11, 2024

Mizuho director says companies should not overreact to Trump's tariff threats

It would be difficult for companies to withdraw from China given its mammoth size, said Izumi Kobayashi.
U.S. President-elect Donald Trump embraces SoftBank chief Masayoshi Son at Trump's Mar-a-Lago club in Palm Beach, Florida, on Monday.
BUSINESS / Companies
Dec 17, 2024

SoftBank pledges $100 billion U.S. investment at Trump event

SoftBank chief Masayoshi Son’s announcement this time marks the highest-profile commitment by a company to expand investment in the U.S. since Trump’s election win.
A United Nations panel on space traffic coordination in late October said that urgent action was necessary to track and manage objects in low Earth orbit because of the rapid increase in satellites and space junk.
BUSINESS / Companies
Dec 17, 2024

Japan and India startups to study using lasers to tackle space debris

Japan's Orbital Lasers is building a system that will use laser energy to stop the rotation of space junk by vaporizing small parts of its surface.
Daishiro Yamagiwa, the chairman of the Liberal Democratic Party's group for semiconductors, says a project to develop a domestic manufacturer of next-generation semiconductors is a battle for the nation's survival.
BUSINESS / Companies
Dec 18, 2024

Japan to support Rapidus even if it delays goal, chip czar says

"We’ve carried out our semiconductor strategy with determination and the Rapidus project is a core part of the strategy,” Daishiro Yamagiwa said.
Nomura Holdings and other major brokerages in Japan are raising compensation and benefits for senior employees age 60 or over.
BUSINESS / Companies
Dec 19, 2024

At Japan's brokerages, skills shortage improves conditions for older staff

Employees age 60 and above are increasingly getting paid for performance and given heavier responsibilities in line with their experience.
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.
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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