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December 21, 2024
 

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ACQUISITIONS

Nissan and Honda are exploring a merger, which would create a rival to Toyota Motor in Japan and better position the combined company to face competitive challenges around the world.
BUSINESS / Companies
Dec 19, 2024
Foxconn in talks with Nissan shareholder Renault, CNA says
Renault’s stake in Nissan is a holdover from a longstanding alliance between the French automaker, Nissan and Mitsubishi Motors.
The U.S. Steel Mon Valley Works Edgar Thomson Plant along the Monongahela River in Braddock, Pennsylvania
BUSINESS / Companies
Dec 19, 2024
Despite revamped proposals, Nippon Steel deal on track to be blocked, letter shows
The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it.
Bain Capital said it had "strong concerns” about Fuji Soft’s process to go private, and decided to proceed with its bid to buy shares of the software company without the support of the its board.
BUSINESS / Companies
Dec 18, 2024
Bain to make $4.2 billion hostile bid for Fuji Soft against KKR
Shares of Fuji Soft rose 1.1% to ¥9,756 on Wednesday morning in Tokyo.
People walk toward a beach in Miyakojima, Okinawa Prefecture.
BUSINESS / Companies
Dec 18, 2024
Blackstone buys Ritz-Carlton Okinawa as Japan tourism booms
The transaction will include the Kanehide Kise Beach Palace and money to be spent on renovations, sources say.
U.S. Steel's Gary Works, the largest integrated steel mill in the country, in Gary, Indiana
BUSINESS / Companies
Dec 15, 2024
U.S. foreign investment panel split on Nippon-U.S. Steel deal, report says
The U.S. Treasury has informed Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
A Nippon Steel blast furnace building in Kashima, Ibaraki Prefecture, on Dec. 6
BUSINESS / Companies
Dec 14, 2024
Nippon Steel’s plan B now in focus as $14 billion U.S. deal falters
The bid for the once-fabled American company ran into a maelstrom of political opposition in the U.S. in the run-up to the presidential election.
Nippon Life Insurance, Japan’s largest insurer by assets, will buy $250 million worth of convertible notes and $300 million of preferred securities issued by TCW Group.
BUSINESS / Companies
Dec 12, 2024
Nippon Life ramps up global push with $550 million TCW deal
The announcement comes just a day after Nippon Life agreed to buy Bermuda-based Resolution Life Group Holdings for about $8.2 billion.
Monex Group Chairperson Oki Matsumoto (center), celebrates the debut of Coincheck on the Nasdaq Global Market on Wednesday in New York.
BUSINESS / Companies
Dec 12, 2024
Japanese crypto exchange Coincheck goes public in U.S.
Coincheck, effectively controlled by Japanese online broker Monex Group, aims to expand its operations through acquisitions in the U.S. and Japan.
People are seen at one of Seven & I Holdings's 7-Eleven convenience stores in Tokyo in January 2017.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024
7-Eleven battle shows resilience of Japan Inc.'s family ties
Founding families are able to wield considerable power in Japanese companies despite holding small stakes.
Bain Capital plans to pay ¥9,600 a share for Fuji Soft, it said in a statement on Wednesday.
BUSINESS
Dec 11, 2024
Bain raises offer for Fuji Soft in $4.3 billion contest with KKR
The Boston-based investment firm plans to pay ¥9,600 a share for Fuji Soft, it said in a statement.
The $8.2 billion deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
BUSINESS / Companies
Dec 11, 2024
Nippon Life to buy Resolution in $8.2 billion deal as it pursues U.S. growth
The deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
The United Steelworkers union claims that Nippon Steel's latest offer is tantamount to bribery.
BUSINESS / Companies
Dec 11, 2024
Union blasts Nippon Steel’s $5,000 per worker bonus in U.S. Steel deal
The United Steelworkers called Nippon Steel's move “a classic union-busting tactic” and a “desperate attempt to win over support for its doomed acquisition.”
Izumi Kobayashi, director of Mizuho Financial, Omron and ANA, speaks during the Reuters Next conference in New York on Tuesday.
BUSINESS
Dec 11, 2024
Mizuho director says companies should not overreact to Trump's tariff threats
It would be difficult for companies to withdraw from China given its mammoth size, said Izumi Kobayashi.
U.S. President Joe Biden — born in U.S. Steel’s home state of Pennsylvania — has long signaled opposition to the company's sale to Nippon Steel.
BUSINESS
Dec 11, 2024
U.S. says review of Nippon Steel bid ongoing as U.S. Steel shares tumble
The companies are poised to pursue litigation over the process if U.S. President Joe Biden decides to block the merger, sources added.
Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are enjoying record earnings and they are determined to fund overseas expansion.
BUSINESS / Companies
Dec 10, 2024
Japan's megabanks are flush with cash and hunting overseas deals
The primary focus is on the U.S. and India, respectively the world’s largest economy and the fastest-growing.
The exterior of a blast furnace building is seen during a media tour by Nippon Steel at their East Nippon Works Kashima Area facility in Kashima, Ibaraki Prefecture, on Friday.
BUSINESS / Companies
Dec 10, 2024
Nippon Steel makes final push to win over U.S. workers
Nippon Steel said it made new commitments with regards to where and when a previously announced $1.4 billion capital expenditure commitment would be spent.
If the deal goes through, the Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States.
BUSINESS / Companies
Dec 5, 2024
Nippon Steel committed to U.S. Steel takeover, executive says
"There is no global strategy without the U.S.," Takahiro Mori, the Japanese company's vice chairman, said this week.
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
BUSINESS / Companies
Dec 3, 2024
Trump says will 'block' Nippon Steel from taking over U.S. Steel
Days after the U.S. election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year.
Mitsubishi UFJ Financial Group took a 15% stake in WealthNavi earlier this year.
BUSINESS / Companies
Nov 29, 2024
MUFG considering bid for Japanese robo-adviser WealthNavi
MUFG took a 15% stake in WealthNavi earlier this year
While the economic benefits of Nippon Steel's acquisition of U.S. Steel are clear, concerns remain about sustaining U.S. domestic steel production, preserving national security interests and addressing union concerns.
COMMENTARY / Japan
Nov 28, 2024
Nippon Steel endgame: Resistance or renaissance for the U.S. steel industry
The endgame for Nippon Steel’s bid for U.S. Steel appears near and the results could have a significant impact on U.S.-Japan relations, depending on the outcome.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
A year after going private, structural reforms bearing fruit for Toshiba
Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019

Podcast

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

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