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May 02, 2024
 

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Japan Times
BUSINESS / Economy
Dec 30, 2019
Hong Kong protests cause economy to shrink in fourth quarter
Hong Kong's economy is set to contract in the fourth quarter as the city reels from six months of violent social unrest, the financial chief said Sunday.
Japan Times
BUSINESS / Economy
Dec 27, 2019
Falling output and retail sales signal Japan's economic strains
Industrial output slipped for the second straight month in November, raising the likelihood that the economy will contract in the fourth quarter due to slowing demand abroad and at home.
Japan Times
BUSINESS
Dec 26, 2019
Minimum charge for plastic bags at Japanese shops from July: ¥1
The government on Friday revised ordinances of four relevant ministries to oblige retailers to charge a fee for issuing plastic shopping bags from July 1.
Japan Times
BUSINESS / Economy
Oct 30, 2019
Japan retail sales grew at fastest pace since 2014 ahead of tax hike, but outlook murky
Japanese retail sales grew at the strongest pace in 5½ years in September as consumers rushed to buy big-ticket items to beat a rise in the country's sales tax, raising concerns spending could pull back sharply in the coming months.
Japan Times
BUSINESS / Companies
Oct 1, 2019
Sales at Japan's major department stores jumped before tax hike
The nation's four major department store chains saw double-digit growth in their sales in September from a year earlier as consumers hurried to buy luxury items before the consumption tax hike to 10 percent from 8 percent, their monthly reports showed Tuesday.
Japan Times
BUSINESS
Oct 1, 2019
Japan's consumers and workers struggle to adjust on first day of consumption tax hike
Under a system intended to lighten the burden on low income households, tax rates for foods vary depending on where items are consumed, causing confusion for many.
Japan Times
BUSINESS
Oct 1, 2019
Japan firms fight the frugal retail psyche with AI-driven pricing and other tricks
After years of soggy inflation and a long reign by Japan's tightfisted shoppers, businesses are adopting new methods to lift prices, from artificial intelligence to simple packaging tweaks.
Japan Times
BUSINESS
Sep 30, 2019
Forever 21 files for bankruptcy, adding to retail apocalypse
Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition.
Japan Times
BUSINESS / Companies
Sep 25, 2019
Forever 21 to pull out of Japan by late October
The Japanese unit of fast fashion retailer Forever 21 Inc. said Wednesday it will close all 14 stores in the country and its online shop by the end of October amid intensifying competition with other online apparel retailers.
Japan Times
BUSINESS / Companies
Sep 20, 2019
Japan convenience store sales rose in August for first time in three months
Japan's convenience store sales rose 0.8 percent in August from a year earlier for the first increase in three months as temperatures helped boost sales of beverages and ice cream, an industry body said Friday.
Japan Times
BUSINESS
Sep 12, 2019
BMW Japan raided by FTC over allegations it set unfair sales quotas: sources
Japan's Fair Trade Commission raided BMW Japan Corp. on Wednesday for allegedly imposing unreasonable sales quotas on its distributors and making them buy vehicles when they missed the targets.
Japan Times
BUSINESS
Sep 1, 2019
Can a tax rebate persuade Japan's mom-and-pop stores to shift to cashless payments?
Despite the government pushing the opportunity to accelerate Japan's shift away from cash, many small-business owners are hesitant to change over to cashless payments.
Japan Times
BUSINESS / Companies
Aug 14, 2019
Japan drugstore giants Cocokara and Matsumotokiyoshi in merger talks
Major drugstore chain Cocokara Fine Inc. said Wednesday it will enter merger negotiations with industry peer Matsumotokiyoshi Holdings Co.
Japan Times
BUSINESS
Jul 25, 2019
Private equity has directly killed 600,000 U.S. retail jobs, study says
Amazon.com Inc., landlords who charge sky-high rents, brands that fail to adapt. The carnage in the retail industry has been blamed on all of them. Now Wall Street is too.
BUSINESS
Jul 18, 2019
Lack of sunshine cools sales of summer products in Japan
A severe lack of sunshine in the Kanto region is cooling sales of summer products, while the temperatures, unusual for this time of the year, are also generating unseasonal demand for hot drinks and food products.
Japan Times
BUSINESS / Companies
Jul 1, 2019
Blue-collar clothier Workman shakes up Japan's stagnant apparel market
It's a weekday morning and a steady stream of customers is entering a Workman store in Tokyo's industrial Ota Ward, mostly blue-collar workers looking for ¥99 rubber gloves, ¥3,500 safety shoes and other gear they need before heading to construction sites.
Japan Times
BUSINESS / Companies
Jun 14, 2019
Aeon plans to quadruple product sourcing from Vietnam by 2025
Retail giant Aeon Co. plans to purchase $1 billion worth of products from Vietnam in 2025, with the nation seen as having great potential as a supplier of quality food for Japanese consumers.
Japan Times
BUSINESS
May 22, 2019
Finally in cross-hairs of Trump's tariffs, U.S. retailers sound alarm
After surviving a year mostly unscathed in President Donald Trump's trade war, retailers are finally sounding the alarm bell — and loudly.
Japan Times
BUSINESS / Companies
May 7, 2019
Tough online competition forces Isetan Mitsukoshi to shutter one of its Singapore outlets
Leading department store operator Isetan Mitsukoshi Holdings Ltd. will shut one of its five outlets in Singapore due to tough competition from online retailers.
EDITORIALS
Apr 13, 2019
Keeping convenience sustainable
Moves are afoot among major convenience store chains to review the uniform 24-hour operation of their stores, the standard industry practice since Seven-Eleven Japan Co. started it a year after it opened its first outlet in 1974. The sustainability of 24-hour operations came under the spotlight after the owner of a 7-Eleven franchise in Higashiosaka, Osaka Prefecture, started closing his store in February during late-night hours, saying he could no longer keep up around-the-clock service due to a staffing shortage that left him unable to take much time off for several months running. The feud between the owner and the top convenience store chain operator, which requires that its franchisees in principle maintain 24-hour service, eventually led the government to call on major chains to come up with plans to address the woes of such owners.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
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.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
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.

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