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May 08, 2024
 

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CREDIT

Japan Times
BUSINESS / Companies
Jun 17, 2019
Yahoo Japan is under fire for its China-like rating system
Some users of Yahoo Japan Corp. are rising up against Japan's biggest web portal after the rollout of a new rating system that's being compared with a social-scoring initiative in China.
Japan Times
JAPAN / Crime & Legal
May 9, 2019
Credit card data of up to 15,000 shoppers may have been stolen from Japan-based online stores
In the scam, personal information was stolen after customers typed in data necessary to make payments on fake settlement screens that they believed were genuine.
BUSINESS / Economy
Jan 1, 2019
Credit card trends aren't signaling a U.S. recession, analysts assure
November data reported by credit card issuers like American Express Co. and Capital One Financial Corp. may soothe some concerns about an impending recession and credit deterioration, analysts said. Those worries have been contributing to stock market swings in recent weeks, but the latest data look "benign to slightly improved" compared to a year ago, according to Compass Point.
Japan Times
JAPAN / EXPLAINER
Dec 3, 2018
Japan hesitantly moves toward a cashless society
Taking out a wallet loaded with cash, receipts and loyalty cards and searching for coins in front of a cashier is a familiar scene at stores in Japan.
Japan Times
BUSINESS
Nov 22, 2018
Government plans 5% rebates for some cashless payments after 2019 tax hike
The move is among steps the government plans to take to ensure that raising the consumption tax will not put the brakes on economic activity.
Japan Times
JAPAN / YEN FOR LIVING
Nov 9, 2018
Effort to nudge Japan to go cashless with offsets to sales tax hike faces many hurdles
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. The tax hike has already been postponed twice owing to jitters over how it might affect consumption. The last consumption tax increase, in 2014, sparked a recession, and reportedly there is still a chance that Abe might postpone the hike once again if economic indicators show a similar scenario. Consequently, the prime minister said the government would do its "utmost to minimize a negative impact on the economy by implementing all sorts of policies."
Japan Times
BUSINESS
Aug 23, 2018
Credit Suisse freezes $5 billion in Russian money due to U.S. sanctions
One of Switzerland's largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow.
Japan Times
BUSINESS / Companies
Mar 13, 2018
Amazon looks to secure office-supply dominance with new credit card
Amazon.com Inc. is planning to offer a credit card to U.S. small-business customers, according to people with knowledge of the matter, furthering its push to supply companies with everything from reams of paper to factory parts.
Japan Times
BUSINESS / Companies / FOCUS
Feb 19, 2018
SoftBank's IPO plan raises doubts about guarantees on bonds worth $33 billion
Billionaire Masayoshi Son's plan to list his cash-cow telecom business is raising concern among observers that the company might stop guaranteeing the debt of its parent, SoftBank Group Corp., worsening the quality of its credit.
Japan Times
JAPAN
Dec 7, 2017
Japan's tourism trade embraces portable credit card terminals
Restaurants, souvenir shops and even temples and shrines are hoping to cater to foreign guests with an international custom yet to be fully adopted in Japan: letting customers pay their bills with credit cards at portable terminals instead of paying at cash registers.
Japan Times
BUSINESS
Oct 27, 2017
Small Japanese credit union outperforms mega-banks by lending to geisha and local startups
Kikuno Kashima, a Tokyo geisha, couldn't get a bank loan to open a club for her patrons and select guests until a tiny credit union agreed to lend her the money. Now she's part of a lending model that's doling out cash to startup companies and yielding surprisingly high profits in the process.
Japan Times
BUSINESS
Jun 23, 2017
Fintech firm uses credit card data to fix holes in Japan's consumption figures
Private consumption is 56 percent of Japan's GDP, so understanding where people are spending and what they're buying is essential to have a clear picture of what's going on in the world's third-biggest economy. That's true not just for the government, but also for businesses and people.
BUSINESS / Companies
Aug 17, 2016
Myanmar bank offers JCB credit cards
A private bank in Myanmar on Tuesday began issuing JCB credit and debit cards, becoming the first in the country to do so.
BUSINESS
Jun 28, 2016
Ratings agencies downgrade U.K.'s credit score following 'seminal' Brexit vote
Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union will hurt its economy.
BUSINESS / Economy
Jun 14, 2016
Fitch cuts outlook on government debt in wake of tax hike delay
Fitch Ratings on Monday slashed its outlook on Japanese government bonds to negative from stable, citing a lack of specific steps to achieve the country's fiscal reform goal following another delay in the consumption tax hike.
BUSINESS / Economy
Jun 2, 2016
Moody's sees Japan's consumption tax hike delay as 'credit negative'
Moody's Investors Service Inc. said Thursday that Prime Minister Shinzo Abe's decision to postpone a hike in the consumption tax and compile a fiscal stimulus in the autumn is "credit negative," questioning the government's ability and willingness to achieve fiscal consolidation.
BUSINESS / Markets
Jul 30, 2015
After rough bond performance, Toshiba seen facing more capital hits
Toshiba Corp.'s bonds were Japan's biggest losers this month, and the worst may not be over in the nation's latest accounting scandal.
JAPAN / Crime & Legal
May 29, 2015
Former convenience store clerk arrested over alleged credit card fraud
The Metropolitan Police Department has arrested a former convenience store employee on suspicion of computer fraud involving the alleged use of customer credit card information.
BUSINESS / Economy
May 20, 2015
BOJ bond-buying faces challenge as Japan Post slows debt sales
The day when the Bank of Japan can't find enough bonds to buy is drawing closer.
Japan Times
BUSINESS / Companies
May 13, 2015
Toshiba default risk surges most in Japan on accounting probe
An accounting probe of Toshiba Corp.'s infrastructure and energy projects caused its default risk to jump the most in Japan, just as the creditworthiness of Sharp Corp. and Sony Corp. had been improving.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Japan's labor crunch persists despite slight improvement
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
How a Japanese scientist is turning the climate crisis into music
A screencap of a performance of Hiroto Nagai's “String Quartet No. 1 ‘Polar Energy Budget’” by the PRT Quartet
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
Pentagon reveals drone types for Replicator program to counter China
A U.S. Naval Special Warfare Operator fires a Switchblade 300 loitering munition during training exercises in Fallon, Nevada, last July. The U.S. Defense Department plans to use small drones — known in the Pentagon as “all-domain attritable autonomous systems” — to help counter Chinese military systems and tactics.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.

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