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China's Gen Z has the power to make or break western brands

Business May 25, 2022

China's Gen Z has the power to make or break western brands

The 270-million-strong cohort born since the mid-1990s is already flexing their power: They have the fastest spending growth out of any generation in China.

Beer and chicken price hikes show Japanese inflation at tipping point

Business May 2, 2022

Beer and chicken price hikes show Japanese inflation at tipping point

by Shikhar Balwani and Hideyuki Sano

Shares of Asahi Group Holdings Ltd. jumped as much as 7% last Wednesday after the company said it would raise prices for its Super Dry beer.

‘Nothing is going well’ for Japanese retailers jolted by weak yen

Business / Economy Apr 28, 2022

‘Nothing is going well’ for Japanese retailers jolted by weak yen

by Kanoko Matsuyama and Grace Huang

With wage growth still anemic, retailers have long been reluctant to raise sticker prices for fear of scaring off customers more used to years of deflation.

Japanese firms hit by COVID lockdown in Shanghai

Business Apr 18, 2022

Japanese firms hit by COVID lockdown in Shanghai

The lockdown is forcing Japanese retailers to halt operations in Shanghai, while Japanese manufacturers have also been affected by supply-chain disruptions.

Japanese retailer Lawson Inc. considers Seijo Ishii IPO

Business / Corporate Apr 12, 2022

Japanese retailer Lawson Inc. considers Seijo Ishii IPO

A listing for Seijo Ishii would test investor appetite for retailers in a country where household spending has been under pressure for decades.

Drop in Japan’s retail sales adds to fears of stalled recovery

Business Mar 30, 2022

Drop in Japan’s retail sales adds to fears of stalled recovery

by Yuko Takeo

Japan’s retail sales fell for a third straight month in February.

Plastic bags provided at Japanese stores halved due to fees

National Mar 27, 2022

Plastic bags provided at Japanese stores halved due to fees

The extra charge for plastic shopping bags "helped curb wasteful use of plastics," an Environment Ministry official said.

Japanese department stores promote hybrid shopping amid pandemic

Business Mar 17, 2022

Japanese department stores promote hybrid shopping amid pandemic

Amid a tough business environment compounded by the COVID-19 crisis, department store sales in 2020 plunged 27%.

Uniqlo owner pledges to stay in Russia as wave of companies exit

Business / Corporate Mar 7, 2022

Uniqlo owner pledges to stay in Russia as wave of companies exit

by Kanoko Matsuyama

Fast Retailing Co., Asia’s largest retailer and parent of Uniqlo, will continue to operate in Russia.

Don Quijote discount store operator to support 100 Ukrainian refugee families

Business / Corporate Mar 3, 2022

Don Quijote discount store operator to support 100 Ukrainian refugee families

The company has said it would consider cooperating with other businesses in supporting refugees fleeing Russia's invasion.

Seibu to sell assets including Prince Park Tower Tokyo to Singapore's GIC

Business / Corporate Feb 10, 2022

Seibu to sell assets including Prince Park Tower Tokyo to Singapore's GIC

Seibu aims to turn around its business as one of Japan's major railway and hotel operators, a sector that has been hard hit by the coronavirus pandemic.

Seven & I considers selling Sogo & Seibu department store unit

Business / Corporate Feb 1, 2022

Seven & I considers selling Sogo & Seibu department store unit

Sogo & Seibu operates 10 stores across Japan, including the Seibu flagship department store in Tokyo's Ikebukuro district.

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    People from the United States arrive for the first small-scale test tours in Japan since measures were imposed to control the spread of COVID-19, at Narita Airport near Tokyo on Tuesday.
  • 'Serious concerns' after Russian and Chinese bombers fly near Japan during 'Quad' summit
    A Russian TU-95 bomber and Chinese H-6 bombers fly over the East China Sea on Tuesday.
  • Biden vows to defend Taiwan as Kishida pledges unprecedented hike in defense spending
    Biden and Kishida shake hands as they attend a bilateral meeting at the State Guesthouse in Tokyo on Monday.
  • Biden launches Indo-Pacific Economic Framework with 13 nations including Japan
    U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity launch event on Monday in Tokyo.
  • Government clarity needed as Japan eyes border reopening for tourism
    Japan is believed to have lost ¥10.96 trillion in revenue in 2020 and more than ¥22 trillion since the pandemic began after closing its borders to tourists in response to COVID-19.
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