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August 15, 2024
 

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CORPORATE GOVERNANCE

Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
The McKinsey & Company logo at the 54th International Paris Airshow on June 21
BUSINESS / Companies
Nov 8, 2023
Top consultancy undermining climate change fight: whistleblowers
Privately, the U.S.-based firm offers energy scenarios at odds with its public climate goals to the summit's decision-makers.
Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies, in Niederaussem, Germany.
BUSINESS / Companies
Nov 6, 2023
Just 4% of top firms meet U.N. climate target guidelines, study says
The pace of change among governments and corporations is set to form a central part of the COP28 climate talks starting later this month.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023
MBK Partners to sell jewelry brand Tasaki for over $500 million
Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
Cosmo Energy Holdings has said it will call another shareholder vote in December to seek approval for a "poison pill" takeover defense against a group of activist investors.
BUSINESS / Companies
Oct 25, 2023
Cosmo calls another shareholder vote in activist defense
Japan's third-biggest oil refiner said it will not prevent the group a group of activist investors from voting this time.
Sawai Pharmaceutical president Motohiko Kimura (left) and chair Mitsuo Sawai apologize at a news conference in the city of Osaka on Monday.
JAPAN / Science & Health
Oct 24, 2023
Sawai joins list of drugmakers known for manufacturing misconduct
The company had been fraudulently using capsules with new, replaced outer shells for post-approval quality testing, in place of ones it should have used.
The transport ministry holds a hearing session for Bigmotor on Friday in Nagoya. Bigmotor officials did not show up.
BUSINESS / Companies
Oct 20, 2023
Transport ministry moves to punish Bigmotor outlets over fraud
Violations by the used car chain have included overcharging customers for inspection and maintenance fees.
Thanks to a rally in Japanese stocks, even some "bad governance” companies have been unfairly benefiting from the wave, a fund manager has said.
BUSINESS / Markets
Oct 16, 2023
Time to short Japan’s ‘bad governance’ stocks, hedge fund says
A rally in Japanese stocks has unfairly benefited companies that are flouting the bourse’s campaign to boost valuations, according to a fund manager.
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023
Exxon Mobil's megadeal to test climate-aware shareholders
Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
A Jera thermal power plant
BUSINESS / Companies
Oct 6, 2023
Japan climate group calls for ban on top power firm's emission claims
The group says the ads may mislead consumers as Jera fails to mention that the ammonia the utility plans to use would emit CO2 during production.
LeanIn.Org founder Sheryl Sandberg
BUSINESS / Companies
Oct 5, 2023
Women are asking for promotions, but men keep getting them
Women want to be leaders in the workplace, but employers are still passing them by in favor of their male counterparts.
Johnny & Associates president Noriyuki Higashiyama (second from right), flanked by Johnnys' Island President Yoshihiko Inohara (second from left), unveils the company name Smile-Up during a news conference in Tokyo on Monday.
JAPAN / Society
Oct 2, 2023
Johnny's to form new company in wake of sexual abuse by founder
The move comes after the agency acknowledged abuse and apologized to victims in a news conference last month.
Johnny & Associates' outgoing head Julie Keiko Fujishima and its new chief, Noriyuki Higashiyama, bow to express their apology during a news conference in Tokyo last month.
BUSINESS
Oct 1, 2023
Johnny's looks toward a revamp as it seeks to salvage tarnished brand
Recent attempts to distance the agency from the long shadow of its namesake have been met with public backlash.
Shell CEO Wael Sawan attends the China Development Forum 2023 in Beijing on March 25. At an investor day in June, Sawan outlined plans to slow investment in renewables and low-carbon business as part of a strategy to boost returns.
BUSINESS / Companies
Sep 28, 2023
Shell CEO faces pressure from within over renewables commitment
Employees have issued a rare open letter to Wael Sawan after he outlined plans to slow investment in renewables in a strategy to boost returns.
Financial Services Agency officials enter Bigmotor's Tama outlet in western Tokyo on Tuesday.
JAPAN / Crime & Legal
Sep 19, 2023
Watchdog starts on-site probe of Bigmotor and Sompo Japan
The investigation aims to dig deeper into the insurance fraud scandal by the leading used-car dealer. The probe is likely to take several months.
Identifying a sustainable product can involve evaluating claims about emissions, plastic use, water waste and packaging recyclability.
ENVIRONMENT / Sustainability
Sep 19, 2023
Regulators are trying to stop greenwashing before it gets worse
The range of agencies tackling dubious sustainability claims is indicative of its ambiguity and breadth.
The headquarters of Johnny & Associates in Tokyo's Minato Ward
JAPAN / Society
Sep 14, 2023
Johnny's says it will work for free as firms cut ties over scandal
The talent agency says it will not receive management fees for advertisements and television appearances by performers for a year.
The sudden resignation of BP CEO Bernard Looney may mark a crossroads clean energy, as Looney was seen as pushing for a transition more aggressively than his industry peers.
BUSINESS / Companies
Sep 13, 2023
BP chief’s surprise exit leaves questions over green strategy
BP said Tuesday that the 53-year-old CEO was departing after failing to fully disclose to the company board past relationships with colleagues.
Japan Exchange Group only has a female board ratio of 13%, a level that’s less than half the average of global peers.
BUSINESS
Sep 11, 2023
Japan stock exchange’s board diversity is among worst in world
Japan Exchange Group’s female board ratio remains far below global peers and its own listing rule goal.
A joint study by consultant McKinsey and data firm NielsenIQ earlier this year found that 78% of U.S. consumers say a sustainable lifestyle is important to them.
ENVIRONMENT / Sustainability
Sep 8, 2023
Shoppers say they want sustainable goods, but won't pay more
When push comes to shove, manufacturers sometimes find consumers aren't buying their sustainable products.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

Podcast

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

Longform

Sociologist Gracia Liu-Farrer argues that even though immigration doesn't figure into Japan's autobiography, it is more of a self-perception than a reality.
In search of the ‘Japanese dream’
By Thu-Huong Ha

SUSTAINABLE JAPAN

mission sustainability vol.8: Omron Corp.Omron helping firms achieve carbon neutrality
mission sustainability vol.8: Omron Corp.Omron helping firms achieve carbon neutrality

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