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Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 30, 2024

BOJ's Ueda says rate hike timing 'approaching,' Nikkei reports

The remarks reinforce growing market expectations that the BOJ will raise its short-term policy rate from the current 0.25% as soon as its next meeting on Dec. 18-19.
Hiroyuki Fukuda is due to become the new president of Nippon Television Holdings in April.
BUSINESS / Companies
Nov 30, 2024

Four Nippon TV affiliates to integrate management in April

The aim of the merger is to stabilize their business base and address the increasingly tough business environment resulting from media diversification.
Nomura Holdings plans to rebuild its IT architecture, promote digitalization and automation as well as review office locations as the company tightens its belt.
BUSINESS / Companies
Dec 2, 2024

Nomura CEO to seek $186 million in extra cost reductions

The move highlights Nomura Holdings' continued focus on curbing expenses even as earnings rebound.
Female company presidents are mostly found at small businesses in Japan.
BUSINESS / Economy
Dec 2, 2024

8.4% of Japanese companies led by women in 2024

Female presidents tend to be found at smaller companies, with 11.9% of companies with less than ¥50 million in annual sales having a female boss.
Nomura’s reputation has taken a hit after it admitted to a bond market manipulation in October and following charges brought against a former employee in November on suspicion of robbery, arson and attempted murder of an elderly couple during a customer visit.
BUSINESS / Markets
Dec 2, 2024

Nomura’s Japan corporate bond market rank slips after probe

Japan’s biggest brokerage saw its position fall to sixth place in November and its market share shrink to 2.1%, the latest data shows.
Rakuten Group is targeting the sale of as much as $550 million of subordinated notes with price talk for the deal at around 8.375%.
BUSINESS / Companies
Dec 4, 2024

Rakuten targets its lowest-cost junk bond sale since 2021

The e-commerce giant is targeting the sale of as much as $550 million of subordinated notes that can be called after five years.
Japan's base salaries grew at a 32-year-high pace in October, offering statistical support for the prospects of a central bank rate hike this month.
BUSINESS / Economy
Dec 6, 2024

Record base pay gains keep door open for BOJ hike

Base pay for full-time workers increased by 2.8% in October from a year ago, the biggest gain for comparable data back to 1994.
A Nippon Express facility in Tokyo
BUSINESS / Companies
Dec 7, 2024

Fraudulent transport insurance claims found at Nippon Express

The offices falsified data and documents related to insurance contracts and claimed insurance money for cargoes without insurance contracts.
Dining habits have changed since the end of the COVID-19 pandemic, with alcohol consumption experiencing a drop.
BUSINESS / Economy
Dec 9, 2024

Hundreds of izakaya going bust as prices rise and customers change

In the first 11 months of this year, 203 of these establishments went out of business, more than the entire year of 2020 when COVID-19 became a pandemic.
Rupert Murdoch arrives for a probate court hearing in Reno, Nevada on Sept. 16.
BUSINESS / Companies
Dec 10, 2024

Murdoch loses 'Succession' battle for son's control of media empire

The media mogul sought to make Lachlan, his eldest son who is understood to share his worldview, as the controlling player in the family empire after his death.
Ryozo Himino, deputy governor of the Bank of Japan, is scheduled to give a speech on Jan. 14, a rare step for the bank before its policy meeting later in the same month.
BUSINESS / Economy
Dec 10, 2024

BOJ plans a rare January speech that may lift rate hike views

By scheduling the speech before the January meeting, the BOJ will have a solid opportunity to telegraph its thinking on monetary policy.
Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are enjoying record earnings and they are determined to fund overseas expansion.
BUSINESS / Companies
Dec 10, 2024

Japan's megabanks are flush with cash and hunting overseas deals

The primary focus is on the U.S. and India, respectively the world’s largest economy and the fastest-growing.
Keidanren chief Masakazu Tokura speaks to reporters in the city of Nanao, Ishikawa Prefecture on Nov. 20.
BUSINESS / Economy
Dec 10, 2024

Keidanren urges tax hike for rich with eye on ¥1 quadrillion GDP

Such a move will help the nation achieve a “virtuous cycle of growth and distribution,” Keidanren chief Masakazu Tokura says.
Nobuhiro Torii, executive vice president of Suntory Holdings, who will be promoted to president, speaks during a news conference in Tokyo on Thursday.
BUSINESS / Companies
Dec 13, 2024

Suntory Holdings names executive vice president as next boss

Nobuhiro Torii, 58, will be the first president from the firm's founding family since Nobutada Saji, 79, who served in the post from 2001 to 2014.
Mitsubishi Electric CEO Kei Uruma
BUSINESS / Companies
Dec 13, 2024

Mitsubishi Electric explores forming power chip alliances in Japan

A sense of urgency is growing in the power chip industry as Japanese companies fall further behind German market leader Infineon Technologies.
Investors' expectations for corporate governance reform triggered by the Tokyo Stock Exchange’s campaign have been a major driver of the rally in Japanese stocks over the last two years, but the market’s historic crash in early August has changed the dynamics.
BUSINESS / Markets
Dec 13, 2024

Cheap valuations are out as investors like new metric for Japan stocks

Investors are now trying to identify companies that have strong fundamentals but have a lot to gain by improving capital allocation, one portfolio manager said.
"Agent" technology goes further than chatbots, not just performing parlor tricks and spitting out plausible responses to queries but actually doing the kinds of repetitive tasks that today are handled by millions of humans.
BUSINESS / Tech
Dec 14, 2024

Big Tech's new AI obsession: 'Agents' that do your work for you

OpenAI CEO Sam Altman calls agents "the next giant breakthrough," while Salesforce CEO Marc Benioff says the shift "is really the rise of digital labor.”
Thimphu TechPark building in Thimphu, Bhutan, on Oct. 17
BUSINESS / Tech
Dec 16, 2024

Secret to AI profitability is hiring a lot more doctorates

Nagging questions persist about whether AI will actually prove useful enough for businesses around the world to pay up for it.
Mannequins are displayed inside a lingerie showroom at WeMet Industrial Park in the Guanyun county of Lianyungang, Jiangsu province, China, on Nov. 26.
BUSINESS / Economy
Dec 16, 2024

China's 'erotic clothing' capital braces for e-commerce crackdown

The development of the lingerie industry in eastern Guanyun county in China has exploded partly due to a U.S. tariff exemption likely to soon be curtailed or scrapped.
Jon Walsh, an urban farmer and the owner of Business Grow, has been teaching the residents of Tokyo how to grow their own food for over a decade.
ENVIRONMENT / Sustainability
Dec 31, 2024

Great things can grow in small places

This is a sponsored story, created and edited exclusively by Tokyo Metropolitan Government’s Tokyo Updates website.
People walk toward a beach in Miyakojima, Okinawa Prefecture.
BUSINESS / Companies
Dec 18, 2024

Blackstone buys Ritz-Carlton Okinawa as Japan tourism booms

The transaction will include the Kanehide Kise Beach Palace and money to be spent on renovations, sources say.
Current Sapporo Holdings President Masaki Oga (left) and the next President Hiroshi Tokimatsu, currently executive group managing officer, shake hands on Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 19, 2024

Hiroshi Tokimatsu named next president of Sapporo Holdings

Tokimatsu, 62, will also become president of Sapporo Breweries.
The headquarters building for Sony in central Tokyo
BUSINESS
Dec 19, 2024

Sony buys 10% of Elden Ring owner for $320 million

The new deal will see Sony pay ¥50 billion ($320 million) for 12 million new Kadokawa shares, making it the company's biggest shareholder.
A limited edition of PlayStation 5 (PS5) Pro video game console
BUSINESS / Companies
Dec 20, 2024

Sony’s record climb makes investors more bullish on gaming boom

Sony Group’s long-awaited rise to record highs has emboldened bullish investors and analysts, who see gains extending into 2025 on a robust outlook for video games.
Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
BUSINESS / Companies
Dec 20, 2024

A year after going private, structural reforms bearing fruit for Toshiba

Before going private last December, Toshiba had long struggled to deal with activist investors, from whom the company accepted investments to stabilize its finances.
Hiroshi Shimizu (left), president of Nippon Life Insurance, and Satoshi Asahi, vice president and future president, shake hands after a news conference Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 23, 2024

Nippon Life’s $12 billion acquisition spree is just beginning

Having committed to pouring billions into a pair of global insurers, the firm is now turning to asset managers, as it seeks to diversify business at home and abroad.
The Tokyo Stock Exchange Growth Market 250 Index is down about 11% so far this year and set for its fourth yearly loss.
BUSINESS / Markets
Dec 24, 2024

Japan startups set for longest rout on record as rate hike looms

A rate hike by the Bank of Japan would make it more expensive for new companies to finance research and development.
A customer uses a bank card at a contactless payment terminal on a stall at the Bauveau Market in Paris on Feb. 15, 2023.
BUSINESS / Tech
Dec 30, 2024

Drama-prone fintechs face mixed regulatory environment in 2025

The incoming U.S. administration has made financial deregulation a policy priority for the next four years while European policymakers continue to take a cautious approach.
The path forward for the Nippon Steel-U.S. Steel deal is unclear. The companies could sue the U.S. government, another buyer could swoop in for U.S. Steel, or Republicans who favor the deal could urge U.S. President-elect Donald Trump to find a way to approve it.
BUSINESS / Companies / FOCUS
Jan 4, 2025

What's next for the Nippon Steel-U.S. Steel deal?

The companies could sue the U.S. government, another buyer could swoop in, or those who favor the deal could urge Trump to find a way to approve it.
TikTok has discovered that their TikTok Live feature has facilitated money laundering, allowed users to sell drugs and fund terrorism, according to a new lawsuit, which also accuses the social media company's livestream feature of exploiting and "grooming” minors to perform sexual content.
BUSINESS / Tech
Jan 6, 2025

TikTok’s live video feature ‘groomed’ minors, Utah AG claims

Tiktok has emphasized its commitment to enforcing its policies and said it shut down more than 45 million streams last year.

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Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear