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December 05, 2024
 

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CORPORATE GOVERNANCE

Japanese companies are increasingly introducing performance-linked stock compensation for their CEOs, boosting what’s been the lowest level of top executive pay among major advanced economies.
BUSINESS / Companies
Aug 17, 2023
More Japan firms link CEO remuneration to long-term performance
Japanese firms have historically relied more on fixed remuneration not linked to business performance.
Workers at a garment factory in the Hlaing Tar Yar industry zone in Yangon, Myanmar, in 2010. Fast fashion retailer H&M says it is following up on 20 alleged instances of labor abuse at Myanmar garment factories.
BUSINESS / Companies
Aug 16, 2023
H&M probes Myanmar factory abuses as pressure intensifies
The move comes after top rival Zara owner Inditex said it is phasing out purchases from the Southeast Asian country.
Florida's Gov. Ron DeSantis and Sen. Marco Rubio launch the 'Keep Florida Free' tour on primary night. In May, DeSantis signed a sweeping anti-ESG bill he says targets the "woke” bias of the finance industry.
BUSINESS / Economy
Aug 15, 2023
Even as the term is 'weaponized,' bankers still pay heed to ESG
About two-thirds of survey respondents said the anti-ESG movement will force firms to stop using those three letters in conversations with clients.
Naomi Koshi, CEO of OnBoard K.K., says pressure from foreign investors is pushing Japanese companies to seek out more female board members.
BUSINESS / Companies
Aug 8, 2023
Foreign investor pressure spurs Japanese boards to appoint women
The scramble came after institutional investors set rules to vote against firms with few or no female board members.
Transport ministry officials leave a Bigmotor dealership in Nagoya on Friday after conducting on-site inspections.
BUSINESS / Companies
Jul 31, 2023
Bigmotor suspected of fabricating insurance contracts
The news came on top of an investigation report that showed employees padded maintenance fee claims to insurance firms by deliberately damaging cars.
Japan Times
BUSINESS
Jul 12, 2023
Canada probes Nike and Dynasty Gold over alleged use of forced labor in China
The investigations were launched after an initial assessment of complaints about the overseas operations of 13 Canadian companies filed by a coalition of 28 civil society organizations.
Japan Times
BUSINESS
Jun 30, 2023
Top auto executives in Japan are paid a lot, but not as much as their U.S. counterparts
Japan boasts some of the world’s biggest carmakers, but pay packages for their executives pale in comparison to industry leaders in the United States.
Japan Times
BUSINESS / Companies
Jun 29, 2023
Shareholder demands prompt Japan firms to seek investor relations talent
Under growing scrutiny, companies are turning to investment funds, banks and other financial firms to find people who can better communicate corporate strategy and capital allocation.
Japan Times
BUSINESS
Jun 28, 2023
Japan's mega-bank CEOs paid less than global peers despite near-record profits
Japanese companies have traditionally seen compensation as a reward for rising successfully through the ranks, while paychecks elsewhere tend to reflect performance.
Japan Times
BUSINESS / Companies
Jun 27, 2023
Nissan board gains shareholder backing, but must tackle surveillance claims
Recent turmoil recalls the turbulent period that led up to and followed the ouster of former head Carlos Ghosn.
Japan Times
MORE SPORTS / Boxing
Jun 25, 2023
Asian countries aim to quit International Boxing Association
The group's board of directors met in Bangkok last week after the IOC expelled the IBA over a failure to complete reforms on governance, finance and ethical issues.
Japan Times
BUSINESS / Companies
Jun 22, 2023
Cosmo Energy wins investor approval for 'poison pill' against activist
The approval marks the second such vote on a poison pill in Japan that excludes an investor, in a practice some governance experts say could deter shareholder activism.
Japan Times
BUSINESS / Companies
Jun 22, 2023
Nearly 70% of Japan firms expect more activist proposals, poll shows
More than 340 shareholder resolutions have been submitted to about 90 listed companies for voting at annual shareholders meetings in June, when most Japanese firms hold such meetings.
Japan Times
COMMENTARY / Japan
Jun 21, 2023
The Carlos Ghosn show has a bizarre sequel
A provocative lawsuit brought by Carlos Ghosn, the fugitive architect of the Renault-Nissan alliance, makes it harder for the French and Japanese carmakers to move on.
Japan Times
BUSINESS
Jun 21, 2023
Jack Ma’s lieutenants return to oversee tough Alibaba reboot
Alibaba surprised markets by declaring Eddie Wu and Joseph Tsai will replace eight-year veteran CEO Daniel Zhang at the helm.
Japan Times
COMMENTARY / World
Jun 20, 2023
CEOs should focus on profits, not politics
Target proves yet again that companies are better off avoiding the minefield of social activism.
Japan Times
BUSINESS
Jun 17, 2023
Shell challenged on climate goals after fossil fuel investment boost
High profile investors, including the U.K.'s top asset manager, are pushing the oil giant to divest from assets that are thwarting emissions targets.
Japan Times
BUSINESS / FOCUS
Jun 16, 2023
Shareholder ire takes shine off stock rally for Toyota chairman
Akio Toyoda’s reappointment to the board this week with 85% of voted shares marked a decline from 96% last year and the lowest on record for him since 2013.
Japan Times
BUSINESS / Companies
Jun 14, 2023
Toyota shares surge most since 2020 after investors reappoint chairman
A resolution calling for greater disclosure on climate lobbying was put forward by a trio of European asset managers, but failed to find support among shareholders.
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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