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April 29, 2024
 

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MITSUI

Japan Times
BUSINESS / Companies
Nov 15, 2022
Japan’s megabanks plan $2.5 billion buybacks
Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group both said they will buy back shares while Mizuho Financial Group upped a dividend forecast.
Japan Times
BUSINESS / Companies
Nov 4, 2022
SMBC Nikko CEO to stay on, for now, following trading scandal
At a news conference in Tokyo, Yuichiro Kondo said he 'will step down after paving the way for the company's reconstruction.'
Japan Times
BUSINESS
Nov 4, 2022
Toshiba’s preferred bidder may miss finance deadline
Four banks that were considering whether to issue commitment letters for loans to the consortium led by Japan Industrial Partners have decided not to proceed before the cutoff date.
Japan Times
BUSINESS / Companies
Oct 24, 2022
Japan’s banks break with Wall Street by embracing hybrid work
The nation's three largest lenders said they are allowing more flexibility, eschewing a minimum number of office days per week, as experienced elsewhere.
Japan Times
BUSINESS
Oct 7, 2022
Sumitomo Mitsui punished for market-rigging at brokerage arm
The financial watchdog also ordered SMBC Nikko to suspend operations related to block offers for three months, in a fresh blow to the company's reputation.
Japan Times
BUSINESS / Companies
Oct 4, 2022
T-Point to be merged with Sumitomo Mitsui's V Point program
The integrated program will be launched under a new name around spring 2024.
Japan Times
BUSINESS / Companies
Sep 29, 2022
Watchdog recommends punishment for SMBC Nikko over alleged manipulation
The measures typically entail temporary business suspensions or orders to improve internal controls, among other things.
Japan Times
BUSINESS
Sep 24, 2022
SMBC Nikko to face administrative penalties over stock manipulation
Based on the recommendation, the Financial Services Agency is expected to impose penalties on the firm, including an order for the company to suspend part of its operations.
Japan Times
BUSINESS
Sep 14, 2022
Wall Street push by Japan banks under scrutiny as rates rise
Faced with ultralow interest rates and tepid loan demand at home, banks in Japan have been ramping up corporate lending and bond underwriting overseas.
Japan Times
BUSINESS
Aug 31, 2022
Russia approves Japan stakes in Sakhalin-2 energy project
Two Japanese trading houses will maintain stakes in the Russian oil and gas project despite Tokyo joining sanctions on Moscow over the war in Ukraine.
Japan Times
BUSINESS / Companies
Aug 28, 2022
JAXA and Mitsui Sumitomo to sell insurance for civilian space travelers
The new products will likely cover travelers against damage to possessions — like existing travel insurance — as well as bodily damage before and after the adventure.
Japan Times
BUSINESS / Companies
Aug 7, 2022
Mitsui Sumitomo Insurance to buy U.S. reinsurance broker for $400 million: Nikkei
Mitsui Sumitomo Insurance Company will spend about $400 million to buy U.S. reinsurance broker Transverse.
Japan Times
BUSINESS
Aug 6, 2022
Russia bans investors from 'unfriendly countries' from selling banking and key energy stakes
Western countries and allies, including Japan, have piled financial restrictions on Russia since it sent troops into Ukraine in late February.
Japan Times
BUSINESS
Aug 5, 2022
Japan government asks Sakhalin-2 stakeholders to 'think positively' about new entity
State gas company Gazprom will receive just over 50% of the entity replacing Sakhalin Energy, the current operator.
Japan Times
BUSINESS / Companies
Aug 4, 2022
Russia's Gazprom to get 50% of Sakhalin-2 LNG project replacement entity
Mitsui and Mitsubishi, which hold a combined 22.5% stake in the project, said separately that they are examining details of the new entity.
Japan Times
BUSINESS / Companies
Aug 3, 2022
Mitsui and Mitsubishi cut value of stakes in Sakhalin-2 energy project
Mitsui cut its investment value by u00a5136.6 billion and Mitsubishi by u00a581.1 billion after Russian President Vladimir Putin signed a decree in late June to seize control of the project.
Japan Times
BUSINESS / Companies
Jul 21, 2022
Fate of Japan's interests in Sakhalin-2 project remains uncertain
The government hopes to help traders Mitsui & Co. and Mitsubishi Corp. keep their stakes after Moscow decided to effectively seize the project.
Japan Times
BUSINESS
Jul 16, 2022
Japan aims to maintain stakes in Russia's Sakhalin-2 energy project
Under the plan, Mitsui & Co. and Mitsubishi Corp. would keep 12.5% and 10% stakes, respectively, despite Russian President Vladimir Putin's order that tightens Moscow's grip on the project.
Japan Times
BUSINESS
Jul 1, 2022
Putin’s swoop on Sakhalin-2 gas plant could force Shell and Japan firms out
Firms have one month to say whether they'll take stakes in the new company, and those who opt out may not be fully compensated, the statement said.
Japan Times
BUSINESS / Companies
Jun 23, 2022
Sumitomo Mitsui to take 10% stake in SBI Holdings for ¥79.6 billion
Sumitomo Mitsui Financial Group said Thursday it will acquire a roughly 10% stake in Japanese internet financial giant SBI Holdings in a deal worth u00a579.6 billion.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
In Japan, regional revitalization fails to halt population decline
Sakiyama elementary school in Tamba, Hyogo Prefecture, in March .Over the past decade, the government has directed efforts toward policies designed to give young people incentives to base themselves in rural areas.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Ukraine is far from doomed
When comparing Ukraine’s military situation in 2024 to Europe’s in 1941, Russia’s defeat seems entirely possible.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
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Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
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By Alex K.T. Martin

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