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January 06, 2025
 

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CORPORATE GOVERNANCE

Elon Musk speaks with U.S. President-elect Donald Trump at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, in November.
BUSINESS
Jan 3, 2025
As Musk gains influence, questions hover over U.S. probes into his empire
Musk’s potential to have extraordinary clout with the new administration raises questions about the fate of federal investigations affecting his business empire.
A Dior store front in Rome. Despite passing audits, Dior's contractors in Italy have been accused of labor abuses.
BUSINESS / Companies
Jan 2, 2025
Inside luxury goods' broken audit system
Revelations of worker exploitation in Dior's Italian production chain have exposed flaws in supply chain audits and triggered judicial action.
A customer uses a bank card at a contactless payment terminal on a stall at the Bauveau Market in Paris on Feb. 15, 2023.
BUSINESS / Tech
Dec 30, 2024
Drama-prone fintechs face mixed regulatory environment in 2025
The incoming U.S. administration has made financial deregulation a policy priority for the next four years while European policymakers continue to take a cautious approach.
Some of the slush funds pooled by Kawasaki Heavy Industries were used to wine and dine Maritime Self-Defense Force personnel, the Defense Ministry said.
BUSINESS / Companies
Dec 27, 2024
Kawasaki Heavy found to have pooled ¥1.7 billion in slush funds
Some of the funds were used by the defense contractor to wine and dine Maritime Self-Defense Force personnel, the Defense Ministry said.
Kobayashi Pharmaceutical's Osaka factory
BUSINESS / Companies
Dec 26, 2024
Hong Kong fund increases its stake in Kobayashi Pharmaceutical
Oasis Management said its stake in Kobayashi Pharmaceutical climbed to 10.1% from 7.5%.
David Nemecek
BUSINESS
Dec 25, 2024
The star dealmakers remaking the rules of corporate debt
The world of liability management is a small, aggressive and, thus far, male-dominated corner of corporate finance.
JR Kyushu concluded that it will not be able to guarantee the safety of the Queen Beetle high-speed passenger ferry operations even after safety measures are taken.
BUSINESS / Companies
Dec 24, 2024
JR Kyushu to end passenger ship operations after water leak incident
JR Kyushu Jet Ferry covered up a water leak incident on its high-speed passenger ferry linking Hakata Port with the city of Busan in South Korea.
Kawasaki Heavy Industries' Tokyo head office
JAPAN
Dec 23, 2024
Kawasaki Heavy's spending on SDF personnel found taxable
SDF submarine crew members have been wined, dined and given gift certificates by Kawasaki Heavy's Kobe Works, with the expenses reported as tax-deductible.
Carlos Ghosn
BUSINESS / Companies
Dec 21, 2024
Ghosn says Honda deal talks indicate Nissan in ‘panic mode’
"It’s a desperate move,” the ex-Nissan chief said. "It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”
Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
BUSINESS / Companies
Dec 20, 2024
A year after going private, structural reforms bearing fruit for Toshiba
Before going private last December, Toshiba had long struggled to deal with activist investors, from whom the company accepted investments to stabilize its finances.
While the prospect of Eneos Holdings offloading a majority stake in JX has been mooted for years, it is coming closer to reality amid a hot market for share sales in Tokyo.
BUSINESS / Companies
Dec 19, 2024
Eneos considers IPO of up to 70% of JX Advanced Metals
Japan has seen the highest volume of IPOs this year since 2018.
Current Sapporo Holdings President Masaki Oga (left) and the next President Hiroshi Tokimatsu, currently executive group managing officer, shake hands on Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 19, 2024
Hiroshi Tokimatsu named next president of Sapporo Holdings
Tokimatsu, 62, will also become president of Sapporo Breweries.
The Tokyo District Court sentenced former Cerespo executive Yoshiji Kamata to 22 months in prison, suspended for four years.
JAPAN / Crime & Legal
Dec 19, 2024
Tokyo court fines event company for Olympics bid-rigging
A judge found that Cerespo conspired to decide in advance which companies would win contracts related to test events for the Tokyo Games.
Nissan and Honda may be nearing a merger to address Nissan's struggles, forming a second major hub in Japan's auto industry to rival Toyota.
COMMENTARY / Japan
Dec 19, 2024
A Honda-Nissan merger is a slow-moving savior
Nissan is struggling — burning through cash and with billions of dollars of debt due in a little over a year.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024
Honda and Nissan might combine to form world’s No. 3 auto group
Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
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.
Makoto Uchida (left), chief executive officer of Nissan Motor, and Toshihiro Mibe, chief executive officer of Honda Motor, attend a joint news conference in Tokyo in August.
BUSINESS / Companies
Dec 18, 2024
Nissan and Honda consider merger to take on world's biggest carmaker
Such a deal would create an automotive rival to Toyota and would effectively consolidate the Japanese auto industry into two camps.
An Apple logo is seen in Brussels, Belgium, in 2016.
BUSINESS / Tech
Dec 17, 2024
Congo files criminal complaints against Apple over conflict minerals
International lawyers representing Congo argue that Apple uses minerals pillaged from the country and laundered through international supply chains.
Most market players expect shareholder activism to be as frenetic, if not more, next year.
BUSINESS / Economy
Dec 17, 2024
Activist investors set record with $6.6 billion spree in Japan
Activists have taken stakes in at least 146 companies, successfully demanding disposal of real estate, changes in strategy and stock buybacks.
MUFG Bank CEO Junichi Hanzawa (left) and other senior officials bow in apology at a news conference in Tokyo's Chiyoda Ward on Monday.
JAPAN / Crime & Legal
Dec 16, 2024
MUFG Bank apologizes for theft of ¥1 billion in valuables from deposit boxes
The manager accused of the thefts allegedly used backup keys to access the boxes.
The real-life violence that inspired South Korea's 'Squid Game'
Riot police march in front of the main building of Ssangyong Motor in Pyeongtaek, 70 kilometers south of Seoul, on Aug. 6, 2009.
Japan’s ‘quiet revolution’ of luxury travel nears fruition
Scheduled to welcome its first guests in early 2025, the Waldorf Astoria Osaka is just one of many luxury hotel openings Japan has seen in recent months.
Tomiko Itooka, the world's oldest person, dies at 116
Tomiko Itooka died of old age in a nursing home for the elderly in the city of Ashiya, Hyogo Prefecture.
Nippon Steel rejection shows national security means whatever you want
An entrance sign for Nippon Steel's East Nippon Works Kashima Area facility is pictured in Kashima, Ibaraki Prefecture, last month.
CDP chief Noda rejects grand coalition with LDP
Former Prime Minister Yoshihiko Noda, leader of the main opposition Constitutional Democratic Party of Japan, speaks during a news conference in Ise, Mie Prefecture, on Saturday.
Traveling for sake's sake: The emergence of brewery tourism in Japan
Tonoike Sake Brewery has been gearing their brewery toward tourism since the late 1980s, attempting to lure tourists to the town of Mashiko.
Tokyo falconers keep ancient traditions soaring
A falconer during the Suwa Falconry Preservation Society's event in Tokyo on Friday. Falconry predates recorded history, originating, scholars believe, when nomadic herders observed birds of prey hunting and recognized their potential as partners.
Japan’s ‘quiet revolution’ of luxury travel nears fruition
Scheduled to welcome its first guests in early 2025, the Waldorf Astoria Osaka is just one of many luxury hotel openings Japan has seen in recent months.
Guitarist Marty Friedman goes to bat for J-pop in new autobiography
One of the themes in American guitarist Marty Friedman’s autobiography “Dreaming Japanese” is that while he has become a star in his own right in Japan, he still feels that he doesn’t “belong.”
Sumo’s brotherhood gets latest inductee
Chugo Saito at Isenoumi stable on Friday. Saito has joined his older brother, Seigo, at the stable.

Podcast

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

Longform

A man offers prayers at Hebikubo Shrine in Tokyo's Shinagawa Ward. The shrine is one of several across the country dedicated to the snake.
Shed your skin and reinvent yourself in the Year of the Snake
By Kathryn Wortley

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