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December 04, 2024
 

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CORPORATE GOVERNANCE

Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Dec 3, 2024
Nomura CEO takes pay cut after former employee charged with attempted murder
The CEO and four other executives will take a 30% pay cut for three months, while five board of directors will take a 20% pay cut for the same period.
The Securities and Exchange Surveillance Commission said it will recommend that the Financial Services Agency impose a fine on general contractor Yamaura for releasing false financial statements.
JAPAN / Crime & Legal
Dec 3, 2024
General contractor Yamaura to be fined for false financial statements
A third-party investigation panel found the person in charge of preparing financial statements at Yamaura had illegally withdrawn more than ¥2.5 billion by 2023.
Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei on June 4. When Gelsinger met with the Intel board last week, he was given the option to retire or be removed.
BUSINESS / Companies
Dec 3, 2024
Intel CEO forced out by board frustrated with slow progress
Whoever replaces Pat Gelsinger will face the same set of problems he was brought in to fix, including the fallout from decisions made by his predecessors.
Customers walk past an Apple logo inside of an Apple store in New in 2018.
BUSINESS / Companies
Dec 3, 2024
Apple accused of silencing workers, spying on personal devices
Apple is also facing at least three complaints from a U.S. labor board
Nomura’s reputation has taken a hit after it admitted to a bond market manipulation in October and following charges brought against a former employee in November on suspicion of robbery, arson and attempted murder of an elderly couple during a customer visit.
BUSINESS / Markets
Dec 2, 2024
Nomura’s Japan corporate bond market rank slips after probe
Japan’s biggest brokerage saw its position fall to sixth place in November and its market share shrink to 2.1%, the latest data shows.
Female company presidents are mostly found at small businesses in Japan.
BUSINESS / Economy
Dec 2, 2024
8.4% of Japanese companies led by women in 2024
Female presidents tend to be found at smaller companies, with 11.9% of companies with less than ¥50 million in annual sales having a female boss.
Nomura Holdings plans to rebuild its IT architecture, promote digitalization and automation as well as review office locations as the company tightens its belt.
BUSINESS / Companies
Dec 2, 2024
Nomura CEO to seek $186 million in extra cost reductions
The move highlights Nomura Holdings' continued focus on curbing expenses even as earnings rebound.
Although years have passed since the dramatic arrest and ouster of former Chairman Carlos Ghosn, Nissan remains mired in management upheaval.
BUSINESS / Companies
Dec 2, 2024
Nissan shares up after news that chief financial officer will step down
The stock gained as much as 1% in early morning trading, though the shares are still down almost 35% this year.
Carlos Tavares, Chief Executive Officer of Stellantis, speaks at the Paris Automotive Summit during the Paris Auto Show on Oct. 15.
BUSINESS / Companies
Dec 2, 2024
Stellantis CEO Tavares quits and hands over to interim committee
The company said in a statement that a new CEO will be named in the first half of 2025, with an interim committee headed by Chairman John Elkann taking the reins for now.
An outdated lineup, elevated spending on sales incentives and a lack of hybrids in North America has led Nissan to slash jobs and production.
BUSINESS / Companies
Nov 30, 2024
Nissan CFO set to step down as carmaker faces raft of challenges
The change follows an announcement last month that the company will eliminate 9,000 jobs and cut a fifth of its manufacturing capacity.
The 225-issue Nikkei stock average jumped on Nov. 6 after it appeared as though Donald Trump had won the U.S. presidential election.
BUSINESS / Markets
Nov 30, 2024
Rush to ‘value up’ may be Asia stocks best defense against Trump
Governments are rushing to implement their own versions of Japan’s structural reforms that helped drive its benchmark index to a record high this year.
The Nikkei stock average outside a brokerage in Tokyo in late October.
BUSINESS / Markets
Nov 30, 2024
Japan companies boosting benefits for long-term shareholders
Behind the move are growing calls for listed companies to reward shareholders more through measures including dividend hikes.
In an interview in Tokyo with the BBC that was published on Thursday, Fast Retailing CEO Tadashi Yanai said the company does not source cotton from China's Xinjiang region.
BUSINESS / Companies
Nov 29, 2024
Uniqlo criticized in China after CEO says retailer does not use Xinjiang cotton
Tadashi Yanai, the CEO of Uniqlo owner Fast Retailing, said it does not source cotton from the region, which has faced allegations of forced labor.
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
Unitika President Shuji Ueno attends a news conference in Osaka on Thursday.
BUSINESS / Companies
Nov 29, 2024
Unitika announces withdrawal from textile business
Its textile division has been struggling in recent years due to intensifying competition with Chinese and other rivals.
A business district in Tokyo in 2020
BUSINESS
Nov 28, 2024
Share of female presidents at Japanese firms hits record 8.4%
The proportion of female presidents has been rising slowly but steadily since it stood at 4.5% in 1990, the oldest data available.
SoftBank Group will make a tender offer allowing OpenAI employees to cash in shares if they choose.
BUSINESS / Companies
Nov 28, 2024
SoftBank seeks to buy $1.5 billion OpenAI shares from employees
SoftBank will make a tender offer for the stock, allowing OpenAI employees to cash in shares if they choose.
A communications ministry panel did not make a clear judgement on the Liberal Democratic Party's proposal of abolishing the law restricting NTT's business.
BUSINESS / Companies
Nov 27, 2024
Panel defers decision on scrapping Japan's NTT law
In its final report, the panel concluded it was appropriate for the Japanese government to maintain its obligation to hold at least one-third of NTT shares.
Packages move along a conveyor belt at an Amazon warehouse
BUSINESS / Companies
Nov 27, 2024
Japan investigating Amazon for allegedly bullying other businesses
Tactics allegedly employed by the retailer involve the squeezing of business partners in exchange for visibility.
Amazon Japan allegedly pressured sellers to lower prices of their products in exchange for advantageous placement on their “Buy Box” system, which highlights one seller’s product as the preferred choice on a product page.
BUSINESS / Companies
Nov 26, 2024
Antitrust watchdog raids Amazon Japan over alleged price-fixing
The investigation is focused on potential breaches of antitrust laws, including abuse of a superior bargaining position and restrictive trading practices.
Japan’s 2024 buzzword of the year urges a reevaluation of past norms
Sadao Abe, who played the role of a time-traveling Showa Era teacher transported to present day in a popular TV drama, receives the 2024 buzzword of the year award for the word "futehodo," the nickname of the series.
Princess Aiko, only child of emperor, turns 23
Princess Aiko on Nov. 22 ahead of her 23rd birthday on Sunday at the Imperial Palace
Ishiba questioned on political reform, social issues and the economy
Prime Minister Shigeru Ishiba speaks in the Lower House in Tokyo on Monday.
Nearly 90% in Japan and China have negative views of other
Chinese people's sentiment toward Japan is believed to be impacted by their use of social media platforms such as Weibo and Douyin, as well as whether they have visited Japan.
Bear that attacked Akita supermarket employee captured
A brown bear in Hokkaido. In the city of Akita, a bear that attacked a supermarket employee over the weekend was captured in a box trap on Monday morning.
Can Japan's scientific community rebound from a Nobel nosedive?
The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Europe eyes 'boots on the ground' in Ukraine as possible peace deal option
A serviceman with the Ukrainian Army's 24th mechanized brigade fires a machine gun during an exercise, amid Russia's attack on Ukraine, in the country's Donetsk region on Friday.
Seven strangers and an algorithm: Can this new dinner app help you make friends?
Timeleft uses an algorithm to match its users with five or six strangers in an effort to prompt “human connection” over dinner at a restaurant. It determines the attendees with the help of a simple personality quiz available when you sign up for the service. 
Don’t worry, you can still use your Japan health insurance card — for now
A My Number card reader at a pediatric clinic in Tokyo. While the government will stop issuing new health insurance cards on Monday, most people will remain unaffected by the move in the short term as existing health insurance cards can still be used for another year.
The Geisha bean is the leading lady of Tokyo's coffee scene
Discovered in the 1930s, the Geisha coffee plant came to worldwide fame in the early 2000s and now represents some of the best coffee on the planet — Tokyo's top cafes included.

Podcast

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

Longform

The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Can Japan's scientific community rebound from a Nobel nosedive?
By Tomoko Otake

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