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Toyota dealer Hiroshima Toyopet has installed air conditioners at all 30 of its maintenance facilities in Hiroshima Prefecture to ensure mechanics can work comfortably during the summer.
BUSINESS / Companies / Regional Voices: Hiroshima
Dec 25, 2023

Hiroshima car dealers seek ways to attract mechanics

Since many people use their cars as a daily means of transportation, it is essential to secure a stable pool of mechanics.
Mitsubishi UFJ Trust and Banking is set to buy Australian data manager Link Administration Holdings for 1.11 billion Australian dollars.
BUSINESS / Companies
Dec 18, 2023

MUFG to buy Australia’s Link in ¥106 billion deal

The unit of Japan’s largest bank, Mitsubishi UFJ Financial Group, will pay AU$2.10 per share, a 23.5% premium to Friday’s closing stock price.
X owner Elon Musk
BUSINESS / Tech
Dec 19, 2023

EU targets Musk's X in first illegal content probe

The probe will focus on countering the dissemination of illegal content and the effectiveness of measures taken to combat information manipulation.
Apple Watch Ultra 2 devices displayed in Los Angeles. Apple said on Dec. 18 it will stop selling some of its smartwatch models in the United States while it fights a patent battle over technology for detecting blood oxygen levels.
BUSINESS / Companies
Dec 19, 2023

Apple plans rescue for $17 billion watch biz in face of U.S. ban

If the ban holds, Apple is working on a range of legal and technical options.
Koo Yeon-kyung, the eldest daughter of LG's former chairperson Koo Bon-moo, at her home in Seoul on Oct. 3. The death of Koo Bon-moo in 2018 without a will sparked a power struggle within the Koo family and LG over the inheritance of his estimated $1.5 billion fortune — including his 11% stake in the company.
BUSINESS / Companies
Dec 19, 2023

Family split at LG tests corporate succession in South Korea

Wife and daughters of late chairman accuse adopted son and other executives of deception to steal their inheritance to bolster his claim to the company.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023

FTC inspects nonlife insurers over alleged joint contract cartel

The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at BOJ headquarters in Tokyo on Tuesday.
BUSINESS / Economy
Dec 19, 2023

BOJ holds off from policy normalization moves amid growing pressure

BOJ Gov. Kazuo Ueda’s comment during a parliamentary session on Dec. 7 increased expectations that the bank might send some signals of a policy change.
Daihatsu said Wednesday that it will suspend shipments of all vehicle models made in Japan and abroad due to an unfolding scandal over misconduct in its crash tests.
BUSINESS / Companies
Dec 20, 2023

Toyota's Daihatsu to halt shipments as safety scandal widens

The results of an investigation suggest the scope of safety concerns, first disclosed in April, is now far greater than previously thought.
The Shimbashi area of Tokyo's Minato Ward is crowded with office workers on Friday.
BUSINESS
Dec 20, 2023

Pubs in Japan thriving again as year-end parties return

On Friday night, many drinking places in the Shimbashi district of Tokyo's Minato Ward were packed with customers.
Fishermen land scallops at Nemuro Port in Nemuro, Hokkaido, in April 2022.
BUSINESS
Dec 20, 2023

Japan to test scallop processing in Mexico

Under the plan scallops will be processed in Ensenada in the Mexican state of Baja California, about 100 kilometers from the border with the U.S.
BUSINESS / Companies
Dec 21, 2023

Daihatsu offices raided after scandal halts all car shipments

The raid followed revelations that the carmaker and supplier had manipulated the results of various collision safety tests dating as far back as 1989.
Japan's industry ministry said it would provide Samsung subsidies worth up to ¥20 billion as it looks to support the revitalization of domestic chip manufacturing.
BUSINESS / Companies
Dec 21, 2023

Samsung to set up chip packaging research facility in Japan

Samsung's investment comes at a time of easing tensions between South Korea and Japan.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023

Fund that got in before Buffett now likes Japan drugstores

A top fund manager says there’s opportunity to profit from consolidation in the sector.
An Aladdin X staff member plays Suika Game on its home projector in Tokyo on Friday. Suika Game was originally developed for the company's line of home projectors.
BUSINESS / Tech
Dec 25, 2023

Suika Game: How a Japanese home projector app became a viral hit

The puzzle game has ranked No. 1 in Nintendo Switch software downloads, topping titles such as Super Mario Bros. Wonder.
Business service prices for hotels rose 51.8% in November compared with the previous year, on the back of a surge in inbound tourism following the lifting of pandemic controls and domestic demand for travel.
BUSINESS / Economy
Dec 26, 2023

Japan's service price growth holds steady, maintaining 30-year high

Prices for services rising at the fastest pace since April 1992 will likely fuel speculation that the Bank of Japan may normalize policy in coming months.
BUSINESS / Companies
Dec 28, 2023

Daihatsu to compensate lower-tier suppliers for halted production

Production was stopped at all of the company's factories in Japan this week.
Salesforce headquarters in San Francisco.
BUSINESS / Tech
Dec 29, 2023

Software companies finally had to care about profit in 2023

The pressure was acute for money-losing companies.
Bank of Japan Gov. Kazuo Ueda gives a news conference after a policy meeting at BOJ headquarters in Tokyo on Dec. 19.
BUSINESS / Economy
Dec 31, 2023

BOJ likely to finally seek normalization 2024

A turn in Japan's economic tide is in view as the Bank of Japan signals readiness to wind down its aggressive monetary stimulus.
The Alumy website, which offers a service for companies that want to connect with individuals who have quit their jobs
BUSINESS / Companies
Dec 31, 2023

More Japanese companies move to rehire former employees

Previously, it had been widely believed that quitting a job means completely severing the relationship with the employer.
The most expensive tuna sold at this year's first auction displayed outside Toyosu Market in Tokyo on Friday
BUSINESS
Jan 5, 2024

Tokyo’s top tuna for the new year sells for ¥114.2 million

The tuna weighed 238 kilograms and was sold Friday to seafood wholesaler Yamayuki and sushi chain operator Onodera Group.
The Yangshan Deepwater Port in Shanghai. China’s manufactured goods surplus relative to global gross domestic product is now around 2%, and an estimated 45% of China’s manufacturing output is being exported as the nation’s 1.4 billion people can’t buy enough goods such as electric vehicles, ships and household appliances to meet the increased supply.
BUSINESS / Economy
Jan 8, 2024

Xi Jinping’s solution for China’s economy risks triggering new trade war

Manufacturing focus sets up Beijing for renewed tensions with both developed countries and emerging economies pushing to reach the lower rungs of the industrialization.
Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal with Zee.
BUSINESS / Companies
Jan 9, 2024

Sony plans to call off $10 billion merger with India’s Zee

The plan to cancel the deal is due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity amid a regulatory probe.
The Pilbara Minerals Pilgangoora lithium project in Port Hedland, Western Australia
COMMENTARY / World
Jan 9, 2024

Lithium’s promised land looks more like the old country

Two decades ago, Australia mined less than a fifth of the world’s lithium. In 2021, it dug more than every other country put together.
Elon Musk attends an interview in New York on Nov. 29.
BUSINESS / Tech
Jan 10, 2024

SEC’s ‘compromised’ account amplifies X mistrust, security concerns

The high-profile breach comes at a time when X and billionaire owner Elon Musk are seeking to win back trust from both users and advertisers.
Grounded Alaska Airlines Boeing 737 Max 9 airplanes on the tarmac at Seattle-Tacoma International Airport on Monday
BUSINESS / Companies
Jan 11, 2024

Boeing's latest Max problem creates more headaches for airlines

Alaska Airlines and United Airlines together have 70% of the Max 9 planes in service and have canceled hundreds of flights.
Alex Clavel, co-CEO at SoftBank Investment Advisers, won SoftBank Group CEO Masayoshi Son's trust as a steady hand managing and fixing SoftBank's complex or troubled transactions.
BUSINESS / Companies
Jan 12, 2024

Behind SoftBank’s investing cleanup, a U.S. dealmaker who survived the turmoil

Unassuming problem solver Alex Clavel is Masayoshi Son's top lieutenant leading the investment group's attempt at a turnaround.
A Post Office sign at a branch in a local convenience store near Ascot, England, on Friday. The Post Office scandal, where some 980 U.K. Post Office workers were wrongfully convicted of theft and false accounting, was triggered by faults in a Fujitsu computer system called Horizon that was used by U.K. Post Offices and inaccurately reported shortfalls in their accounts, resulting in private prosecutions of innocent branch managers for theft.
BUSINESS / Companies / FOCUS
Jan 13, 2024

It took a TV show to bring justice in U.K.’s Post Office scandal

After a two-decade struggle, it was a TV drama that finally prompted the government to promise a swift end to the saga in favor of the victims.
Resonac CEO Hidehito Takahashi says the company may buy a stake in chip materials maker JSR.
BUSINESS / Companies
Jan 15, 2024

CEO who drove $7 billion deal is eyeing Japan chip linchpin JSR

Resonac's Hidehito Takahashi believes Japan's chip materials sector needs to consolidate to stay competitive against overseas rivals.
Some 40% of the 1,656 companies on the Tokyo Stock Exchange's prime section have publicly disclosed plans, while another 9% are considering such measures.
BUSINESS / Markets
Jan 15, 2024

Some 40% of firms on top Tokyo bourse disclose capital plans

The list of firms with plans to improve capital efficiency did not include some of Japan's most influential companies such as Toyota Motor and SoftBank Group.
A banner for the World Economic Forum hangs on a building on the first day of the annual meeting in Davos, Switzerland, on Monday.
BUSINESS / Companies
Jan 16, 2024

Pre-Davos survey indicates CEOs' fears regarding AI and climate

Some 45% of more than 4,700 global CEOs surveyed do not believe their businesses will survive, barring significant changes, in the next 10 years.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years