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February 06, 2025
 

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CORPORATE GOVERNANCE

A passenger plane for Japan Airlines sits on the tarmac at Tokyo International Airport at Haneda in Tokyo on Tuesday.
BUSINESS / Companies
Feb 4, 2025
Two ex-Japan Airlines pilots grounded after lying about drinking
JAL said last month its two most senior executives would take a 30% pay cut for two months over the incident.
Panasonic, whose sprawling operations include hairdryers, PCs and lithium-ion batteries used by the likes of Tesla, will restructure or streamline businesses with low growth potential, according to a statement released on Tuesday.
BUSINESS / Companies
Feb 4, 2025
Tesla supplier Panasonic to cut costs to support shift into AI
One target may be the company’s long-standing TV operations.
Former Nissan executive Greg Kelly in his Tokyo apartment in February 2020. He returned to the United States after the first verdict nearly three years ago in which he was given a suspended prison sentence.
JAPAN / Crime & Legal
Feb 4, 2025
Tokyo court upholds suspended jail term for former Nissan exec
Greg Kelly was found guilty in 2022 of helping the automaker's fugitive ex-CEO, Carlos Ghosn, underreport his income.
Justice Minister Keisuke Suzuki speaks to reporters Tuesday about the idea of revising the companies law to fully allow businesses to hold online-only shareholders' meetings.
BUSINESS
Feb 4, 2025
Japan to allow firms to hold online-only shareholder meetings
Online-only shareholders' meetings are currently permitted only in exceptional cases under the industrial competitiveness enhancement law.
Hisashi Hieda, executive managing adviser at Fuji Media Holdings
JAPAN
Feb 4, 2025
U.S. fund seeks Fuji Media adviser Hisashi Hieda's resignation
U.S. investment firm Dalton Investments, a major shareholder in Fuji Media Holdings, harshly criticized Hieda in a letter, calling him a "dictator."
While Fuji Media Holdings is known for its iconic sphere-and-lattice headquarters in the Odaiba district near Tokyo Bay, it also owns office buildings, condominiums, hotels, nursing homes, logistic facilities, resorts and even two aquariums.
BUSINESS / Companies
Feb 4, 2025
Fuji Media’s crisis entices investors betting on changes
It may come as a surprise that Fuji Media’s shares have surged 45% this year, making it the best-performing stock on the benchmark Topix index.
Fuji TV executives take questions during a news conference on Monday in Tokyo in which some participants became unruly.
BUSINESS / Companies
Jan 31, 2025
Fuji TV’s go-big PR strategy wins grudging praise globally
Fuji TV held a marathon 10-hour news conference on Monday to address allegations of sexual misconduct by Masahiro Nakai, a celebrity and former presenter for the broadcaster.
Japan Exchange Group released a report Thursday compiled by an independent directors' investigation committee tasked to look into an insider trading case involving a former TSE employee.
BUSINESS
Jan 30, 2025
JPX and TSE cut executives' pay over 'unprecedented' insider trading case
JPX has also released a report compiled by an independent directors' investigation committee tasked with looking into the scandal.
Nidec announced its takeover bid for machine manufacturer Makino Milling Machine without first making a proposal. Such nonconsensual takeover bids are increasing.
BUSINESS / Companies
Jan 29, 2025
Japanese ministry opens door to taboo corporate takeovers
It used to be common for takeover bids to be launched after both sides reached an agreement in behind-the-scenes negotiations.
Kobayashi Pharmaceutical executives bow their heads at a news conference in Osaka in March following a health hazard scandal involving the firm's supplements containing red fermented rice.
JAPAN / Crime & Legal
Jan 29, 2025
Hong Kong fund to sue former Kobayashi Pharma execs
The fund will seek a total of roughly ¥11 billion in damages from former Chairman Kazumasa Kobayashi and six then-board directors.
Fuji TV adviser Hisashi Hieda in 2005
JAPAN / Media
Jan 29, 2025
Who are the key figures involved in the growing Fuji TV scandal?
Koichi Minato, who resigned as president of Fuji TV on Monday, will be one focus of a third-party probe, given his executive role when the incident occurred.
Members of the popular Japanese pop group SMAP, including scandal-plagued Masahiro Nakai (right), perform in Beijing in September 2011.
COMMENTARY / Japan
Jan 29, 2025
A pop-star sex scandal shows the death throes of old Japan
As the leader of a now-defunct boy band SMAP, the 52-year-old Nakai has been a ubiquitous mainstay in Japanese life for decades.
Members of the media raise their hands for questions as outgoing Fuji TV President Koichi Minato attends a news conference in Tokyo on Monday.
JAPAN / Explainer
Jan 28, 2025
What we learned at Fuji TV's marathon Nakai scandal news conference
Longtime executive of Fuji TV Hisashi Hieda, who has been dubbed the “emperor” of the broadcaster, was not present at the news conference and did not resign.
A government panel said Norinchukin Bank's huge losses stemmed from excessive investments in foreign bonds.
BUSINESS
Jan 28, 2025
Norinchukin urged to tap outside expertise and diversify portfolio after losses
A government panel has advised the bank to increase members of its board with experience in financial markets, including from outside the organization.
Fuji TV President Koichi Minato (left) and Chairman Shuji Kanoh, also chairman of the broadcaster's parent company Fuji Media Holdings, bow during a news conference in Tokyo on Monday. The two have announced their resignations.
JAPAN / Society
Jan 28, 2025
Fuji TV president resigns over handling of Masahiro Nakai scandal
Koichi Minato has been the target of criticism following the revelation that he became aware of the incident involving Nakai right after it occurred in June 2023.
Japan has lagged far behind other advanced economies on lists of female representation in positions of authority, and ranks 118th among 146 nations in the World Economic Forum’s gender equity rankings.
BUSINESS / Companies
Jan 28, 2025
JPMorgan AM Japan appoints Komatsu as first female CEO
Japan has lagged far behind other advanced economies on lists of female representation in positions of authority.
Members of the media crowd the venue before the start of a news conference at Fuji TV's headquarters in Tokyo on Monday.
JAPAN / Society / First person
Jan 28, 2025
Yelling and random tangents: What it was like covering Fuji TV's 10-hour presser
The once-in-a-lifetime news conference showed what would happen when the Japanese press was given total freedom with no time limits.
H.I.S. CEO Motoshi Yada holds a news conference on Monday in Tokyo's Minato Ward.
JAPAN / Crime & Legal
Jan 28, 2025
H.I.S. says it received COVID aid inappropriately
H.I.S. will return about ¥6.4 billion in subsidies, which were provided by the government to pandemic-hit companies to help them pay leave allowances to their workers.
Nissan’s latest crisis surfaced in November when it reported a 94% drop in first-half net income.
BUSINESS / Companies
Jan 27, 2025
Nissan eyes cuts without resorting to plant closures, sources say
The carmaker will focus on reducing and consolidating existing production lines both in Japan and overseas to cut costs.
U.S. President Donald Trump addresses the World Economic Forum's annual meeting in Davos, Switzerland, via videoconference on Thursday.
COMMENTARY / World
Jan 27, 2025
The Davos ‘vibe shift’ is no surprise
This year, Davos was different. Significant slices of corporate America have been divesting themselves of the world-saving ideals that Davos is built on.
Tokyo police arrest brothel operator catering to foreign tourists
English-language signs and other materials seized from men’s aesthetic salon Sparaku by the Metropolitan Police Department on Tuesday in Tokyo's Shinjuku Ward
Record-breaking snowfall hits Hokkaido as cold front sweeps Japan
Snow-covered streets in Obihiro, Hokkaido, on Tuesday
Nissan shares plunge, Honda's rise as end to merger talks reported
Talks by Honda and Nissan to create the world’s third-largest carmaker have gone haltingly since the plans were first announced in December.
Heavy snow in Japan to persist through Sunday, disrupting travel
A car stuck in the snow in Obihiro, Hokkaido, on Tuesday.
Two ex-Japan Airlines pilots grounded after lying about drinking
A passenger plane for Japan Airlines sits on the tarmac at Tokyo International Airport at Haneda in Tokyo on Tuesday.
Excitement for the Osaka Expo is low. Can organizers build hype?
The Osaka Expo site on Yumeshima island in December. A survey of 3,000 people from across Japan conducted in October by the Mitsubishi Research Institute showed that just 24% of respondents expressed an interest in attending the Osaka Expo.
Fuji Media’s crisis entices investors betting on changes
While Fuji Media Holdings is known for its iconic sphere-and-lattice headquarters in the Odaiba district near Tokyo Bay, it also owns office buildings, condominiums, hotels, nursing homes, logistic facilities, resorts and even two aquariums.
Job-hopping Japanese workers push salaries higher
Japanese workers are increasingly job-hopping from one full-time position to another.
At the new Ginza Sony Park, listening is an art form
In addition to the commercial benefits from Ginza Sony Park's music-centered exhibition — such as promoting Sony's artists and products — there is a real effort to put music in focus.
Home away from home: My first time at a Tet festival in Japan
Billed as a “cultural bridge that connects Japan and Vietnam,” Tet Viet Saitama drew tens of thousands of attendees from across the Kanto region.

Podcast

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

Longform

Eme-Ima Kitchen is one of over 10,000 kodomo shokudō in Japan. A term first used in 2012 to describe makeshift eateries offering free or cheap meals to disadvantaged kids, it now refers to a diverse range of individuals, groups and organizations working to provide not only food but a sense of belonging to both children and adults.
Japan’s ‘children’s cafeterias’ are booming — but is that a good thing?
By Alex K.T. Martin

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SWCC keeps changing with keyword ‘new challenges’

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