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November 24, 2024
 

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Nissan expects kei EV sales to expand, as kei cars are relatively inexpensive compared to regular cars and their size makes them suitable for short-distance trips.
BUSINESS / Companies
Mar 8, 2024

Nissan may bring ultra-compact EV production in-house from 2028, sources say

The automaker is considering moving production to its factory in Kyushu in the business year starting April 2028.
Japan revised economic data higher, reversing a quarterly contraction in October-December 2023 into positive growth and avoiding a technical recession.
BUSINESS / Economy
Mar 11, 2024

Japan’s economy avoids recession one week before BOJ meeting

The government made an upward revision to capital investment figures to reflect 2% growth, which in turn sent the country's GDP into positive territory.
NEC computers at an electronics store in Tokyo. Founded in 1899, NEC focuses on information technology and network communications, biometric recognition, the internet of things and artificial intelligence technologies, according to its website.
BUSINESS / Companies
Mar 14, 2024

Japan’s NEC weighing $500 million data center sale, sources say

The Tokyo-traded company is looking to hire financial advisers to help prepare a potential sale of the business.
Mercian's vineyard in Koshu, Yamanashi Prefecture
BUSINESS / Companies / FOCUS
Mar 18, 2024

Major Japanese beverage groups focusing more on sustainability

Initiatives have diversified to include water source preservation as well as winery tours under the theme of the U.N.'s Sustainable Development Goals.
The Tokyo Garden Terrace Kioicho hotel and office complex in Tokyo's Chiyoda Ward
BUSINESS / Companies
Mar 22, 2024

Seibu may sell 36-story Tokyo office building for ¥300 billion, sources say

Japan's highest value property transaction is currently the ¥436 billion sale by the government in 2022 of its stake in another Tokyo office building.
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.
Last year the EU designated six companies — including Apple and Google — as "gatekeepers" under the Digital Markets Act (DMA).
BUSINESS / Tech
Mar 26, 2024

Why is the EU probing Big Tech under the Digital Markets Act?

Violations could result in fines of as much as 10% of a company's global annual turnover.
Tesla Model 3 assembly line at Tesla's factory in Fremont, California, in 2018. Before the Shanghai plant opened, Fremont was Tesla’s principal factory.
BUSINESS / Companies
Mar 27, 2024

A pivot to China saved Elon Musk. It also binds him to Beijing.

Musk is now treading a fine line, sounding the alarm about Chinese rivals, even as he remains reliant on the Chinese market.
A Xiaomi SU7 electric vehicle on display at one of the company's stores in Shanghai on Tuesday. Xiaomi declared its ambition for the SU7 to become one of China's three best-selling luxury electric vehicle models, sounding a challenge to Tesla and other rivals in an increasingly crowded market.
BUSINESS / Companies
Mar 28, 2024

Xiaomi stakes growth on debut in China’s cut-throat EV market

Reception for the SU7 vehicle will likely dictate Xiaomi’s stock momentum after a 22% gain since a February low.
Beijing-based Chinese influencer Chang Feifei has taken on many jobs to promote travel destinations in Japan, including from Universal Studios Japan and the Hankyu and Hanshin department stores.
BUSINESS / FOCUS
Mar 28, 2024

Influencers — Japan’s secret weapon to promote niche tourism spots

Followers' trust in — and reliance on — social media for travel info, even when the content is sponsored, is a key factor.
Employees work at a factory that produces LED displays in Huaian, in eastern China's Jiangsu province, on Thursday.
BUSINESS / Economy
Mar 31, 2024

China factory activity expands for first time in six months

The official manufacturing purchasing managers index rose to 50.8 from 49.1 in February, the National Bureau of Statistics said in a statement Sunday.
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.
Customers browse Gashapon official shop “Ikebukuro Sohonten” in Tokyo.
BUSINESS / Companies
Apr 2, 2024

Top capsule-toy maker Bandai bets on huge market outside Japan

Machines for capsule toys have become ubiquitous in Japan, found not only in arcades, but also malls, supermarkets, airports and train stations.
An Ariens Company employee works on the assembly line at the company's plant in Brillion, Wisconsin.
BUSINESS / Companies
Apr 5, 2024

U.S. employment boom leaves factory workers behind

There is a stark contrast between U.S. factory employment and the four-year boom in the wider job market
Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, last May.
BUSINESS
Apr 6, 2024

Tesla scraps low-cost car plans amid fierce Chinese EV competition

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.
Daihatsu Motor President Masahiro Inoue speaks during a news conference in Tokyo on Monday.
BUSINESS / Companies
Apr 8, 2024

Toyota tightens oversight over scandal-hit Daihatsu

Daihatsu will streamline the way it reports on development and certification to its parent Toyota Motor.
Microsoft President Brad Smith
BUSINESS / Companies
Apr 10, 2024

Microsoft to invest $2.9 billion to boost AI and cloud in Japan

The company will also open a lab in Japan focused on AI and robotics, while deepening its cybersecurity collaboration with the Japanese government.
U.S. Steel's Edgar Thomson steel mill in Braddock, Pennsylvania
BUSINESS / Companies
Apr 11, 2024

How the U.S. Steel takeover became about Biden and swing states

The turmoil threatens to strain U.S. relations with Japan while underscoring how the politics of winning swing-state voters influences business.
Despite being the home of TSMC’s new factory, the Kyushu region is facing hurdles toward expanding its semiconductor-related transactions.
BUSINESS / Companies
Apr 11, 2024

Developing Kyushu's chip supply chain still a challenge for TSMC

The issue partially stems from the high barrier of entry into the key semiconductor industry.
A guest room at the Muji Hotel Ginza. Ryohin Keikaku, the brand’s parent company, now has a new business called Muji Stay, which brings under one umbrella the retailer’s existing hotels, homes and camps.
BUSINESS / Companies
Apr 12, 2024

Japan’s Muji bets minimalist retail will work for homes and hotels

Muji currently has three hotels — one in Ginza, one in Beijing and one in Shenzhen, with rooms often booked out months in advance
Then-U.S. President Donald Trump signs an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington in February 2017.
BUSINESS / Markets / FOCUS
Apr 13, 2024

If Trump wins, he plans to free Wall Street from 'burdensome regulations'

If elected, Trump would likely cut back protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny.
Arthur Mensch, the chief executive and one of the founders of Mistral, a French artificial-intelligence startup, at the company’s offices in Paris in late March.
BUSINESS / Tech
Apr 14, 2024

Europe’s AI ‘champion’ sets sights on tech giants in U.S.

As Europe vies for AI leadership, Mistral, under Arthur Mensch, is emerging as a formidable contender against U.S. and Chinese giants.
OpenAI Japan’s president Tadao Nagasaki speaks at a news conference about the opening of its first Asia office in Tokyo on Monday.
BUSINESS / Companies
Apr 16, 2024

OpenAI taps ex-Amazon executive to head enterprise push in Japan

The artificial intelligence darling is opening an office in Tokyo as it releases a custom GPT-4 model catering to Japanese language users.
Once one of the country’s biggest employers, Toshiba has been trying to cut costs in its sprawling operations and focus on its infrastructure and digital technology operations.
BUSINESS / Companies
Apr 18, 2024

Toshiba considers cutting thousands of jobs in Japan

The electronics and machinery maker plans to focus resources on its infrastructure and digital operations.
The yen’s slide has pushed up import bills in Japan, keeping domestic consumer spending tepid, with analysts saying any gains in real wages may evaporate if the yen depreciates further.
BUSINESS / Economy
Apr 24, 2024

Investors loved weak yen boosting shares until it went too far

Concern is growing that the currency is becoming a liability for Japan’s economy and stocks.
TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst-case scenario than sell it to a potential American buyer, sources said.
BUSINESS / Tech
Apr 26, 2024

ByteDance prefers TikTok shutdown in U.S. if legal options fail, sources say

A shutdown would have limited impact on its business, and it would not have to give up its "secret sauce" — the algorithm that pushes videos to users.
Samsung's Seocho building in Seoul on Tuesday. The electronics company said that its first-quarter operating profits had risen nearly tenfold year-on-year — a 931.8 percent increase — amid recovering chip prices and growing demand.
BUSINESS / Tech
Apr 30, 2024

Samsung says AI to drive technology demand in second half after strong Q1

The upbeat outlook sent its shares 1.8% higher after it reported a more than 10x rise in first-quarter operating profit.
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
BUSINESS
May 2, 2024

Harajuku strives to reclaim its former glory — and surpass it

Stakeholders are pulling out all the stops to restore the creative energy of the Tokyo district known for setting fashion trends in its heyday.
Apple CEO Tim Cook attends the Wonderlust event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.
BUSINESS / Companies
May 3, 2024

Apple unveils record $110 billion buyback as results beat low expectations

Apple's quarterly revenue fell, but less than analysts had expected, and CEO Tim Cook said revenue growth would return in the current quarter.
The Singapore skyline. The Wall Street Journal will be shifting its Asia base to the city from Hong Kong.
BUSINESS / Companies
May 3, 2024

Wall Street Journal moves Asia base from Hong Kong to Singapore

The U.S. newspaper said its decision comes after other foreign firms have reconsidered their operations in the Chinese financial hub.
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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