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November 24, 2024
 

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Spot workers who choose when and where to work through dedicated apps during their free time are seen as a new pool of human resources in industry sectors that have faced labor shortages.
BUSINESS / Economy
Dec 4, 2023

Number of 'spot workers' surges in Japan amid labor shortage

The work style has gained popularity due to the flexibility it offers: individuals can choose when and where to work through dedicated apps.
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.
Former British Prime Minister Boris Johnson signing the Brexit trade deal with the EU in London on Dec. 30, 2020.
BUSINESS / Companies
Dec 6, 2023

Three years on, U.K. factories still face Brexit challenges

A survey by trade body Make U.K found that 90% of businesses felt post-Brexit trading arrangements were still disrupting trade with the EU.
The building at 245 Park Avenue, which housed the headquarters of Bear Stearns in the 1980s, in New York. Mori Trust bought a 49.9% stake in the building from SL Green Realty in June.
BUSINESS
Dec 6, 2023

Japanese buyers snap up New York and London buildings in spree

Investors see attractive prices stemming from the real estate downturn, even as the yen’s weakness reduces purchasing power.
The Tokyo Stock Exchange. The volume of management buyouts in Japan has increased to the highest on record this year, jumping 170% from a year earlier to at least ¥870 billion.
BUSINESS
Dec 8, 2023

Surge in management buyouts gives extra boost to Japanese stocks

The volume of management buyouts has increased to the highest on record this year.
A record number of Japanese investors have put their money into domestic private credit deals in search of higher returns this year.
BUSINESS / Economy
Dec 12, 2023

Private credit is attracting record numbers of Japanese investors

An unprecedented 236 limited partners have provided money to private capital managers this year through September, more than triple the level of 2017.
Mitsubishi UFJ, Japan's largest banking group, bought 75% of AlbaCore last month to diversify its range of investment capabilities.
BUSINESS / Economy
Dec 12, 2023

MUFG's AlbaCore sees potential for alternative investments in Japan

Mitsubishi UFJ bought 75% of AlbaCore last month to diversify the range of investment capabilities.
An attendee plays Fortnite, made by Epic Games, during the E3 Electronic Entertainment Expo in Los Angeles in 2019.
BUSINESS / Companies
Dec 12, 2023

Legal defeat for Google threatens $200 billion app store industry

Until now, Google and Apple have charged commissions of as much as 30% to software developers who typically have had few other options.
The reading of the key index measuring confidence among major Japanese manufacturers, such as those in the auto and electronics sectors, rose for the third straight quarter, according to the Bank of Japan's tankan survey.
BUSINESS / Economy
Dec 13, 2023

Firms more confident ahead of BOJ policy meeting, tankan shows

Evidence of robust corporate sentiment boosts the odds of large wage hikes, paving the way for the normalization of monetary policy.
Mori Building CEO Shingo Tsuji speaks during an interview in Tokyo on Nov. 30.
BUSINESS / Companies
Dec 15, 2023

Mori’s CEO eyeing the next Roppongi Hills, casino resort in Tokyo

The real estate developer behind the towers that have reshaped central Tokyo’s skyline isn’t done yet.
Coca-Cola Bottlers Japan plans to introduce several thousand more vending machines with digital price displays that can be controlled remotely to vary prices according to demand.
BUSINESS / Companies
Dec 15, 2023

Coca-Cola Japan to expand trial of dynamic-price vending machines

The dynamic pricing scheme allows the prices of vending machine items to be raised when demand is high and lowered when sales are low.
A liquefied natural gas terminal jointly operated by Tokyo Gas and JERA in Yokohama
BUSINESS / Companies
Dec 16, 2023

Tokyo Gas unit buys U.S. producer Rockcliff Energy for $2.7 billion

The deal is part of Tokyo Gas' efforts to expand its North American shale gas operations to meet growing demand for natural gas.
Packages of tofu on the production line at the Yamami factory in Oyama, Shizuoka Prefecture
BUSINESS / Companies
Dec 18, 2023

Tofu-maker Yamami sees shares surge after automating ancient craft

At its newest factory at the foot of Mount Fuji, the company, one of the few that’s listed, can produce 15,000 units of the bean curd each hour.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023

In buying Toshiba, JIP takes on corporate Japan's toughest job

While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
A pint is poured inside the Grapes public house in Limehouse, south London, on Dec. 14. Pubs have served Roman soldiers, knights and poets, and have been a gathering place for communities to enjoy a brew beside a crackling fire for centuries.
BUSINESS / Economy
Dec 20, 2023

Last orders? British pubs hit by rising costs and changing tastes

High inflation, energy bills and business rates are cutting into increasingly stretched earnings, as many find other ways to spend time and money.
Attendees play the Fate/Samurai Remnant video game on PlayStation 5 video game consoles at the Tokyo Game Show in September.
BUSINESS / Companies
Dec 21, 2023

Sony highlights PS5 momentum as hardware sales top 50 million

Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive has said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device.
A designer at work at Vietnamese internet firm VNG in Ho Chi Minh City
BUSINESS / Tech
Dec 24, 2023

'Beyond our borders': Vietnam tech firm VNG takes on world best

Beyond gaming, VNG also dabbles in fintech and AI, with a mission to show the world what Vietnam and its engineers are capable of.
Morgan Stanley MUFG Securities hopes to record its highest-ever income from Japan in the current fiscal year, and work together with Mitsubishi UFJ Morgan Stanley Securities to overtake Nomura Holdings as the top broker in the country.
BUSINESS / Companies
Dec 25, 2023

Morgan Stanley expects record Japan revenue as BOJ fuels trading

Shift in the nation's monetary policy could spur more client activity, says the CEO of Morgan Stanley MUFG Securities.
BYD exhibits its cars ahead of the Munich Motor Show in September.
BUSINESS / Companies
Dec 27, 2023

China's BYD set to overtake Tesla as world’s most popular EV maker

Its ascent will be both a symbolic turning point for the market and further confirmation of the growing Chinese clout in the global automotive sector.
Masimo's headquarters in Irvine, California. The U.S. International Trade Commission ruled earlier this year that the Apple Watch violates two Masimo patents related to blood-oxygen sensing and imposed an import ban on the Ultra 2 and Series 9 models.
BUSINESS / Companies
Dec 28, 2023

The email to Tim Cook that set the Apple watch saga in motion

Masimo, based in Irvine, California, is the rare company to wound Apple in a patent dispute.
U.S. golfer Tiger Woods reacts on the 9th green on day 2 of the British Open Golf Championship in 2022.
BUSINESS / Companies
Jan 9, 2024

Tiger Woods and Nike end partnership after 27 years

Despite rumors, Nike maintains that it’s still committed to golf.
Japanese workers' real wages kept shrinking for a 20th month in November, raising fresh alarm for the sustainability of the country's economic recovery as firms enter the period of annual pay negotiations with labor unions.
BUSINESS
Jan 10, 2024

Japan’s slower wage growth adds to reasons for BOJ to hold

Nominal cash earnings for workers rose 0.2% from the previous year, decelerating sharply from a 1.5% increase in October, the labor ministry said.
An employee looks at data on screens in the high-tech command center at the Novartis AG campus in Basel, Switzerland.
BUSINESS / Companies
Jan 10, 2024

Swiss pharma firms plot different paths to blockbuster drugs

Roche has doubled down on Alzheimer’s and boosted research and development spending across its portfolio.
Fast Retailing, the operator of Uniqlo stores, says strong overseas sales drove a 25% rise in first quarter operating profit.
BUSINESS / Companies
Jan 12, 2024

Uniqlo operator Fast Retailing's Q1 profit soars on strong overseas sales

Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.
Between 1999 and 2015, more than 700 people, including post office managers, were falsely charged with fraud or embezzlement following the discovery of discrepancies between cash balances at counters and accounting records at post offices that introduced Fujitsu's Horizon accounting system.
BUSINESS / Companies
Jan 12, 2024

Co-CEO of Fujitsu Europe to testify over U.K. Post Office scandal

He will be questioned on what more can be done to deliver "full, fair and fast compensation" for post office managers falsely charged due to the tech firm's faulty software.
A toy gun is assembled at an Aequs toy manufacturing facility in the city of Belgaum in India.
BUSINESS / Companies
Jan 16, 2024

Infrastructure hurdles hinder toy manufacturers' shift from China

That other countries struggle to match China for efficiency is limiting firms' efforts to shift to lower cost bases and raising the risk of higher toy prices in the future.
Tesla CEO Elon Musk
BUSINESS / Companies
Jan 17, 2024

Musk's warning about Tesla stake raises governance questions

CEOs and directors are prohibited from taking any business opportunity for themselves that belongs to the firm.
A video still shows current Fujitsu Services Director Paul Patterson giving evidence to a hearing of the Business and Trade Select Committee in the House of Commons, in London on Tuesday.
BUSINESS / Companies
Jan 17, 2024

Fujitsu says it will pay compensation in U.K. Post Office scandal

The firm said it has a "moral responsibility” to contribute to redress for sub-postmasters who suffered as a result of its faulty software.
Chinese Premier Li Qiang arrives on stage during the annual meeting of the World Economic Forum in Davos, Switzerland, on Tuesday. 2024.
BUSINESS / Economy
Jan 17, 2024

China sees one of its worst years of growth since 1990 as recovery stalls

China's National Bureau of Statistics revealed that gross domestic product expanded 5.2% to hit 126 trillion yuan ($17.6 trillion) last year.
Sheryl Sandberg at the company's headquarters in Menlo Park, California, in 2019. Sandberg joined Facebook in 2008 as the No. 2 to co-founder Mark Zuckerberg to oversee the fledgling company’s advertising, partnerships, business development and operations.
BUSINESS / Companies
Jan 18, 2024

Meta’s Sheryl Sandberg to leave board after 12 years

Sandberg was key to turning the social network into one of the world’s biggest and most financially successful companies.
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?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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