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July 27, 2024
 

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RAKUTEN

Chief Cabinet Secretary Yoshimasa Hayashi speaks during a news conference at the Prime Minister's Office on Wednesday.
JAPAN / Politics
Jul 24, 2024
Toyota chairman and 12 other Japanese executives banned from entering Russia
Others include Rakuten Group Chairman and CEO Hiroshi Mikitani and Japan International Cooperation Agency President Akihiko Tanaka.
Rakuten CEO Hiroshi Mikitani said that the mobile company now has more than 7 million subscribers, and is seeking to hit 10 million subscribers next.
BUSINESS / Companies
Jun 27, 2024
Money-losing Rakuten Mobile rolls out new 700 MHz service
The new offering, which is being introduced incrementally, will improve connectivity, including in densely populated areas, it says.
Rakuten is working with eBay to market Japan's used fashion and accessories in the United States, taking advantage of the weak yen.
BUSINESS / Companies
May 24, 2024
Rakuten and eBay team up to test U.S. market for used Japanese fashion goods
The tie-up aims to capitalize on the currency effect and is also a move toward bargain hunting as cost-of-living pressures around the world crimp spending.
Rakuten logged its fifteenth consecutive quarter in the red due to losses at its mobile service network unit.
BUSINESS / Companies
May 14, 2024
Rakuten logs 15th quarter of losses on mobile woes despite record financial unit profit
While its number of mobile subscribers rose to 6.48 million at the end of March, average revenue per user increased only fractionally.
Rakuten CEO Hiroshi Mikitani
BUSINESS / Companies
Apr 1, 2024
Rakuten considers combining financial units
A proposed IPO of its securities unit may not proceed if the integration is realized, while the banking arm is expected to remain listed.
Buffaloes pitcher Shunpeita Yamashita will be one of the hurlers trying to fill the void left by the departure of ace Yoshinobu Yamamoto.
BASEBALL / Japanese Baseball
Mar 28, 2024
Pacific League pennant set to be tight race as Buffaloes chase dynasty in 2024
The Buffaloes path to a fourth straight title is fraught with peril as the Hawks gather their forces for a renewed push for the PL crown.
Rakuten Group's Rakuten Point is the most frequently used reward point service, according to a survey.
BUSINESS / Companies / FOCUS
Mar 25, 2024
Race to expand corporate economic blocs heats up in Japan
Corporate groups are enticing customers with a variety of services, often bolstered by reward points, primarily geared toward shopping purposes.
The exact timing of the roll out of Rakuten Mobile's commercial satellite-to-mobile service is uncertain, but the plans for coverage encompass mountainous and remote areas across Japan.
BUSINESS / Tech
Feb 16, 2024
Rakuten plans satellite mobile service across Japan in 2026
The service, to be rolled out in partnership with AST SpaceMobile, will be directly accessible by regular smartphones and won’t require a terminal.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024
Rakuten logs second-largest annual net loss
The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
Yuki Matsui said the presence of Yu Darvish was a big factor in his decision to join the Padres.
BASEBALL / MLB
Jan 10, 2024
Matsui says Darvish was a big factor in Padres choice
At a news conference, Matsui also vowed to help his team beat Shohei Ohtani's Los Angeles Dodgers in the race for the National League West title.
Japanese left-handed reliever Yuki Matsui is nearing a multiyear agreement with the San Diego Padres, MLB.com reported Tuesday, citing a source.
BASEBALL / MLB
Dec 20, 2023
Reliever Matsui close to agreement with Padres, report says
The 28-year-old has recorded 236 saves with a 2.40 ERA in 10 seasons, all with the Rakuten Golden Eagles of the Pacific League.
Rakuten Bank executives hold a placard showing the company logo during a ceremony to mark the company's debut on the Tokyo Stock Exchange on April 21.
BUSINESS / Companies
Dec 6, 2023
Rakuten to raise up to $433 million with further sale of bank unit
The planned sale of 25.5 million shares is equivalent to just under 15% of the online bank, according to LSEG data.
KDDI President Makoto Takahashi (left), SoftBank President Junichi Miyakawa (center) and Rakuten Mobile's Hiroshi Mikitani speak during a news conference in Tokyo on Monday.
BUSINESS / Companies
Dec 5, 2023
Prospect of NTT Law abolishment unclear amid fierce opposition
The idea was first proposed by a ruling Liberal Democratic Party panel to make the communications giant internationally competitive.
Fans watch the Rakuten Eagles' season-opening game against the Lotte Marines on March 25, 2022, at Rakuten Seimei Park Miyagi in Sendai.
BASEBALL / Japanese Baseball
Dec 1, 2023
Star pitcher Tanaka apologizes for not stopping bullying
In a post on social media site X, the 35-year-old Tanaka said he should done more to exert a positive influence inside the clubhouse.
Masayuki Morii, president of the Pacific League's Rakuten Eagles, speaks at a new conference in Sendai on Thursday.
BASEBALL / Japanese Baseball
Dec 1, 2023
Eagles to release pitcher Anraku over workplace abuse
Multiple Eagles players said they testified to the team regarding the 27-year-old's abusive behavior toward a number of younger players.
A Rakuten Mobile branch in Tokyo. Rakuten is set for another tough year in 2024, at a time when rivals are on the attack with competitive pricing and reward campaigns.
BUSINESS / Companies
Nov 29, 2023
Rakuten's mobile misadventure: from ambitious plan to millstone
Founder and CEO Hiroshi Mikitani's vision of a low-cost network using cloud-based software and cheap hardware did not pan out.
People use smartphones on the street in Tokyo in January 2019.
BUSINESS / Companies / FOCUS
Nov 20, 2023
The NTT Law — a guard against monopoly, or barrier to innovation?
Some say the law regulating the telecom giant stops it from competing against the likes of Google, but others say it contains vital market protections.
Rakuten Securities President Yuji Kusunoki
BUSINESS / Companies
Nov 17, 2023
Rakuten Securities sees payoff from free trading plan after a year
The firm plans to make up for the decrease in domestic stock trading commission fee revenues by expanding its financial services such as margin trading.
Mizuho Financial Group will raise its stake in Rakuten Securities to nearly 50%.
BUSINESS / Companies
Nov 9, 2023
Mizuho said to raise Rakuten Securities stake to almost 50%
The banking group plans to increase its investment in Rakuten’s online securities arm, which isn’t proceeding with an initial public offering for now.
Yuki Matsui has recorded 236 saves with a 2.40 ERA in 10 seasons, all with the Tohoku Rakuten Golden Eagles.
BASEBALL
Nov 9, 2023
Eagles closer Yuki Matsui set to test MLB free agent market
The 28-year-old has recorded 236 saves with a 2.40 ERA in 10 seasons, all with the Sendai-based club.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

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mission sustainability vol.8: Omron Corp.Omron helping firms achieve carbon neutrality

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