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November 24, 2024
 

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Startup Genome officials speak to representatives from startups that will participate in the Global Hypergrowth Tokyo program during its kickoff event last week in Tokyo.
BUSINESS / Tech
Apr 3, 2024

New mentoring program aims to help later-stage Japan startups go overseas

While many acceleration programs target young startups, the new initiative focuses on later-stage firms that already have a certain degree of experience.
An evening launch of a SpaceX Falcon 9 rocket carrying 22 Starlink satellites to low-Earth orbit as seen from Encinitas, California, on April 1.
BUSINESS / Companies
Apr 12, 2024

Musk's undisclosed Starlink costs undercut profitability claims

Despite Elon Musk's claims of profitability, Starlink is spending more than it earns, those familiar with the company's finances say.
An Amazon Web Services (AWS) logo is pictured during a trade fair in Hanover, Germany, on April 22.
BUSINESS / Companies
May 1, 2024

Amazon triples quarterly profit as cloud surges

The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion
Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024

New firm formed to take over Bigmotor's operations

Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
An electric screen displaying the Nikkei share average and yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
May 1, 2024

For Japan Inc., the weak yen may be too much of a good thing

The currency's weakness has pushed up costs of raw materials, food and fuel.
Nomura Holdings aims to almost its double pretax profit by the end of the decade.
BUSINESS / Companies
May 14, 2024

Nomura seeks to double profit by 2030 in latest growth plan

Japan’s biggest brokerage plans to generate pretax income of more than ¥500 billion ($3.2 billion) with a focus on its key wholesale division.
Mainland Chinese tourists on a converted car ferry in Hong Kong's Victoria Harbor on April 19, 2023.
ASIA PACIFIC / Politics
May 29, 2024

Business-first Hong Kong now comes with a catch: Beijing politics

The former British colony is hewing closer to mainland China, blurring distinctions that once cemented the city’s status as mostly free from Chinese politics.
Mitsubishi UFJ Financial Group CEO Hironori Kamezawa (center) and other executives bow during a news conference in Tokyo on Friday.
BUSINESS / Companies
Jul 19, 2024

MUFG heads to take pay cut after information firewall breach

21 MUFG officials, including some retired executives, will give up part of their pay after the bank was penalized for the unauthorized sharing of client information.
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.
BUSINESS / Companies
Jul 23, 2024

Japanese startups advised to internationalize to get some global mojo

Occupying the No. 1 spot in the Japanese market affords many comforts, but global dominance is unlikely to be one of them.
Go Sugiyama, head of wealth management at Nomura Holdings
BUSINESS / Companies
Aug 28, 2024

Nomura is hiring wealth managers after years of staff overhaul

Nomura’s wealth management segment that serves domestic clients has been a consistent performer over the years.
Pedestrians cross an intersection in the Shibuya district of Tokyo. Japan has experienced a postpandemic travel boom, with tourists pouring back in after restrictions closed the country’s borders to travelers.
BUSINESS / Economy
Sep 12, 2024

Japan jumps to No. 2, from sixth place, in Best Countries index

It jumped from 6th place on the 2023 list as a post-COVID boom and reforms helped bump it up on the subindexes used to calculate the overall score.
Masahiko Uotani (third from left), head of Keidanren's diversity promotion committee, hands its proposal on a separate surname system for married couples to members of a lawmaker group focused on realizing such a system, in June.
JAPAN / FOCUS
Sep 24, 2024

Japan's top business lobby group pushes for separate surnames option

In response to Keidanren's push, the ruling Liberal Democratic Party held internal discussions on the issue for the first time in about three years.
A monitor shows Tokyo Metro's opening price on Wednesday morning in Tokyo.
BUSINESS / Companies
Oct 23, 2024

Tokyo Metro shares surge in trading debut after strong IPO

Proceeds from the IPO will redeem reconstruction bonds issued after the 2011 earthquake, tsunami and nuclear disaster in northeastern Japan that killed 18,000 people.
Preparations ahead of the Bloomberg New Economy event at the B20 in Sao Paulo, Brazil, on Wednesday
WORLD / Politics
Oct 24, 2024

Brazil's business leaders reluctant to pick between U.S. and China ties

Brazil’s agriculture minister has called for the country to join China’s Belt and Road, the superpower’s flagship global trade and infrastructure program.
For Seven Bank, greater independence from its parent Seven & I Holdings could lead to new growth opportunities.
BUSINESS / Companies
Nov 11, 2024

Seven Bank seeks to expand cash-machine network beyond 7-Elevens

Deconsolidation from Seven & I resulting from a reduction of its stake in Seven Bank would make such a scenario more possible.
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
BUSINESS / Companies
Nov 21, 2024

Tokyo Metro’s overseas efforts begin in earnest with London deal

The award of a contract to operate London’s Elizabeth Line to a consortium that includes the firm could help address concerns about its domestic growth potential.
A push by U.S. antitrust regulators to force the sale of the Google Chrome browser to limit Alphabet's search dominance is likely to run into legal hurdles.
BUSINESS / Tech / ANALYSIS
Nov 22, 2024

Legal hurdles ahead for Google's forced sale of Chrome

The proposed remedies have been described as extreme, while a forced sale would not address several issues raised in the DOJ lawsuit, critics say.
Pedestrians outside a Seibu department store in Tokyo's Ikebukuro district in April
BUSINESS / Companies
Jul 31, 2023

Seven & I struggles to sell slumping Sogo & Seibu department stores

The holdup is centered around the flagship Seibu department store in Tokyo's Ikebukuro district, with the local government expressing rare opposition.
A WeWork co-working office space in San Francisco on Wednesday. WeWork has said there's 'substantial doubt' about its ability to continue operating, citing sustained losses and canceled memberships to its office spaces.
BUSINESS / Companies
Aug 10, 2023

WeWork’s ‘substantial doubt’ about its future marks a stunning fall

The New York-based company is bleeding cash, and customers of its office rentals are canceling their memberships in droves.
Toshiba said the Japan Industrial Partners-led consortium had gained 78.65% of Toshiba’s outstanding shares through the bid, which began Aug. 8, paying ¥4,620 per share.
BUSINESS / Companies
Sep 21, 2023

Toshiba to go private after success of ¥2 trillion takeover bid

The Japan Industrial Partners-led consortium has gained 78.65% of outstanding shares, paying ¥4,620 per share.
Baidu's co-founder and CEO Robin Li showcases an artificial intelligence chatbot known as Ernie Bot, during a news conference at the company's headquarters in Beijing in March
BUSINESS / Tech
Sep 22, 2023

China's AI 'war of a hundred models' heads for a shakeout

Investors and analysts say that most AI firms lack viable business models, were too similar to each other and were now grappling with surging costs.
Lachlan Murdoch, the elder son of Rupert Murdoch, solidified his rise to the top on Thursday, when his father announced that he would retire from the boards of Fox Corporation and News Corporation.
BUSINESS / Companies
Sep 22, 2023

Rupert Murdoch leaves media empire to son Lachlan

Murdoch’s decision to step aside is unlikely to take Fox and News Corp in new directions right away.
Packages to be delivered on Amazon Prime Day in New York in 2022
BUSINESS / Companies
Sep 27, 2023

Why Amazon’s online marketplace drew FTC scrutiny

The FTC’s case against Amazon is an important test of whether Lina Khan’s interpretation of the law will hold up in court.
An illustration of one of Japan Airlines' future flagship long-haul Airbus SE A350-1000 jets
BUSINESS / Companies
Oct 3, 2023

Japan Airlines revamps first class with luxury double-bed suites

The firm is calculating that a premium-heavy configuration on its future planes will help deliver greater profitability.
Elon Musk’s X, the social media platform formerly known as Twitter, is allowing child sexual exploitation material to rampantly proliferate, according to Australian regulators, the latest in a growing list of legal challenges the company is facing.
BUSINESS / Tech
Oct 17, 2023

Australian regulators latest in series of legal woes for Musk's X

X is allowing child sexual exploitation material to rampantly proliferate across the platform, according to Australian regulators.
A Grab food delivery cyclist makes a delivery in Singapore on Aug. 21.
BUSINESS / Companies
Nov 5, 2023

Consolidation looms for Southeast Asia’s food delivery giants

With growth in the sector slowing, companies are slimming down or bolstering their ties with other operators.
Students stand during a flag-lowering ceremony on the first day of the new academic year in Shanghai in 2021.
BUSINESS / Economy
Nov 8, 2023

China's private schools struggle amid COVID and regulatory woes

The sector stumbled after Beijing imposed new rules in 2021 and cracked down on the private tutoring business.
Sony Group has raised its full-year outlook after its media divisions outperformed.
BUSINESS / Companies
Nov 9, 2023

Sony raises sales and profit outlook as media helps offset mobile

The adjustments suggest resilient consumer spending and a weaker yen are stabilizing the business.
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.
Shareholders arrive to attend Toshiba's extraordinary shareholders meeting in Tokyo on Wednesday.
BUSINESS / Companies
Nov 22, 2023

Toshiba shareholders approve plan to go private next month

The decision will allow a consortium led by JIP to buy all of Toshiba's remaining shares, marking the end of its decadeslong history as a public firm.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

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

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
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