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December 05, 2024
 

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CORPORATE GOVERNANCE

Warren Buffett's Berkshire Hathaway is one of the largest shareholders in all five of Japan's biggest trading companies.
BUSINESS / Companies
Jan 30, 2024
Buffett reversal risk pushes Japan firms to diversify investors
Berkshire is one of the largest shareholders in all five of Japan’s biggest trading companies.
Mitsui & Co. employees hold a meeting at its headquarters in Tokyo. The company introduced a stock-based compensation system in 2020.
BUSINESS / Companies
Jan 29, 2024
Growing number of Japan firms adopt stock-based worker compensation
The practice underscores the belief that fostering growth can be achieved through effective human capital management.
A Kubota M96S tractor is shown at the 47th Annual World Ag Expo in Tulare, California, in February 2014.
BUSINESS / Companies
Jan 27, 2024
Kubota hit with $2 million penalty over false 'Made in USA' claims
In addition to the penalty, Kubota will be prohibited from making deceptive claims, according to a court order filed by the U.S. Justice Department.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
Toshiba went private through a takeover bid after a series of battles with activist shareholders.
BUSINESS / Companies
Jan 21, 2024
Management buyouts by big companies on rise in Japan
The total value of management buyout deals exceeded ¥1.4 trillion in Japan in 2023 to hit a record high.
Shimon Ishimaru, the deputy leader of a group of Johnny Kitagawa's sexual abuse victims, said dozens had come to the group for advice after being denied compensation.
JAPAN / Crime & Legal
Jan 17, 2024
Johnny's abuse victims seek transparency on compensation criteria
Many are unable to prove past affiliations with the agency, with some alleging that the wrongdoings occurred before the signing of contracts.
Tesla CEO Elon Musk
BUSINESS / Companies
Jan 17, 2024
Musk's warning about Tesla stake raises governance questions
CEOs and directors are prohibited from taking any business opportunity for themselves that belongs to the firm.
Takashimaya's managing director, Kazuhisa Yokoyama, holds a news conference on Dec. 27 in Tokyo to address the issue of damaged Christmas cakes that were delivered to hundreds of customers.
COMMENTARY / Japan
Jan 16, 2024
Collapsed cakes and the price of perfection in Japan
As its labor crunch worsens, Japan might see more cases of skimping or slipshod quality.
Some 40% of the 1,656 companies on the Tokyo Stock Exchange's prime section have publicly disclosed plans, while another 9% are considering such measures.
BUSINESS / Markets
Jan 15, 2024
Some 40% of firms on top Tokyo bourse disclose capital plans
The list of firms with plans to improve capital efficiency did not include some of Japan's most influential companies such as Toyota Motor and SoftBank Group.
Daihatsu Motor President Soichiro Okudaira speaks at a news conference in Tokyo on Dec. 20. 
EDITORIALS
Dec 29, 2023
Daihatsu scandal is a warning for Japan Inc.
Investigations indicate that improprieties at Daihatsu stretch as far back as 1989, indicating a profound problem with the company’s culture.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
Officials from the transport ministry enter Daihatsu Motor's headquarters in Ikeda, Osaka Prefecture, on Thursday for inspection after a scandal regarding safety data manipulation emerged at the firm.
BUSINESS / Companies
Dec 21, 2023
Daihatsu offices raided after scandal halts all car shipments
The raid followed revelations that the carmaker and supplier had manipulated the results of various collision safety tests dating as far back as 1989.
Daihatsu said Wednesday that it will suspend shipments of all vehicle models made in Japan and abroad due to an unfolding scandal over misconduct in its crash tests.
BUSINESS / Companies
Dec 20, 2023
Toyota's Daihatsu to halt shipments as safety scandal widens
The results of an investigation suggest the scope of safety concerns, first disclosed in April, is now far greater than previously thought.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023
In buying Toshiba, JIP takes on corporate Japan's toughest job
While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
Koo Yeon-kyung, the eldest daughter of LG's former chairperson Koo Bon-moo, at her home in Seoul on Oct. 3. The death of Koo Bon-moo in 2018 without a will sparked a power struggle within the Koo family and LG over the inheritance of his estimated $1.5 billion fortune — including his 11% stake in the company.
BUSINESS / Companies
Dec 19, 2023
Family split at LG tests corporate succession in South Korea
Wife and daughters of late chairman accuse adopted son and other executives of deception to steal their inheritance to bolster his claim to the company.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023
FTC inspects nonlife insurers over alleged joint contract cartel
The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
The Tokyo Stock Exchange. The volume of management buyouts in Japan has increased to the highest on record this year, jumping 170% from a year earlier to at least ¥870 billion.
BUSINESS
Dec 8, 2023
Surge in management buyouts gives extra boost to Japanese stocks
The volume of management buyouts has increased to the highest on record this year.
Kei Umeda, CEO of Mizuho Trust & Banking, speaks during an interview in Tokyo on Nov. 27.
BUSINESS
Dec 5, 2023
Mizuho sees firms scrambling to meet TSE's capital efficiency call
In January the Tokyo bourse will start publishing a list of companies that have disclosed action plans in line with its call to improve use of capital.
A representative for Morgan Stanley, which in August said it was 70% of the way toward reaching the $1 trillion in sustainable financing it’s told investors it will achieve by 2030, declined to comment beyond referring to the bank’s latest ESG report.
BUSINESS / Companies
Dec 5, 2023
What banks really mean when they put trillions into ESG
With each bank announcing a different target, investors are left with little insight into the ways in which banks are defining what’s sustainable.
Buyouts by management and controlling parties have surged this year in Japan, with the total value now set to pass ¥1 trillion.
COMMENTARY / Japan
Dec 3, 2023
Being a listed company in Japan is losing its luster
Japan's corporate landscape is shifting as companies opt for management buyouts.
South Korea's Yoon backs down after parliament rejects martial law
Soldiers try to enter the National Assembly building in Seoul, after South Korea President Yoon Suk Yeol declared martial law late Tuesday evening.
BOJ weighs case for first triple hike since Japan’s bubble burst
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
Australian says romance scam tricked her into smuggling drugs into Japan
Donna Nelson says her life was turned upside down when she learned that the man she was falling for had tricked her into smuggling 2 kilograms of methamphetamine into Japan.
Jetstar Japan loses lawsuit over disciplinary action against cabin crew
Jetstar Japan has been ordered to pay back wages to two cabin crew members for the periods they were suspended.
Nomura CEO takes pay cut after former employee charged with attempted murder
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
U.S. Space Force launches first unit in Japan
Activated on Wednesday, U.S. Space Forces Japan — a component similar to the one established at South Korea’s Osan Air Base in 2022 — will operate out of Yokota Air Base in the city of Fussa, western Tokyo, with a staff of about 10.
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.

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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