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December 04, 2024
 

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CORPORATE GOVERNANCE

JR Kyushu Jet Ferry President Kenji Oba (left) receives an administrative punishment directive at the transport ministry on Tuesday.
JAPAN
Sep 18, 2024
JR Kyushu's ferry unit punished for water leak cover-up
The ministry ordered JR Kyushu Jet Ferry to dismiss its managers of transportation safety and ship operations under the marine transportation law.
Tokyo Metro is expected to announce on Friday details of its initial public offering, with sources saying the firm is considering introducing shareholder benefits.
BUSINESS / Companies
Sep 18, 2024
Tokyo Metro considers a shareholder benefits program
The subway operator is expected to announce details of its IPO on Friday, which may value the company around ¥700 billion ($5 billion).
7-Eleven's parent company this month rejected a $38.5 billion offer from Circle-K owner Couche-Tard, citing concerns about price.
BUSINESS / Companies
Sep 17, 2024
7-Eleven parent's new security rating won't affect a buyout, minister says
The finance minister's comments appeared aimed at easing investor concerns about the move.
Women in managerial positions at Japanese firms has topped 10%, but the figure still lags far behind those in European countries and the United States.
BUSINESS / Companies
Sep 17, 2024
Women in managerial posts top 10% for first time in Japan
Women in managerial roles are slowly increasing in Japan, but the country remains far from the government's 30% target for this decade.
The BMW logo. It took the German automaker more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
BUSINESS / Companies
Sep 16, 2024
BMW took two years to find extent of defect behind recall
The braking system fault is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
COMMENTARY / World
Sep 15, 2024
Women don’t always get the candid feedback they deserve
Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024
Seven & I gets new designation, a potential hurdle for takeover
The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
A Japan Freight Railway train passes through a train station in Osaka in 2017. JR Freight on Thursday resumed operations for all of its freight trains after a temporary halt following the discovery of data tampering and other irregularities.
BUSINESS / Companies
Sep 12, 2024
JR Freight resumes train operations after discovery of data tampering
The freight operator had suspended operations on Wednesday to inspect container cars suspected to have been affected.
Suntory Holdings CEO Takeshi Niinami speaks during a Reuters Newsmaker event in Tokyo on Wednesday.
BUSINESS / Companies
Sep 12, 2024
Seven & I takeover bid shows a shift in government, Suntory CEO says
The takeover bid has also left many CEOs in Japan nervous that their companies could be next.
Japan Freight Raiway's Kudara freight terminal in the city of Osaka
BUSINESS
Sep 11, 2024
JR Freight suspends operations over data tampering
Data on the pressure applied when fitting wheels onto trains’ axles was falsified for inspection records.
Alimentation Couche-Tard said it is willing to engage in confidential discussions with 7-Eleven operator Seven & I Holdings and is keen on still pursuing an acquisition.
BUSINESS / Companies
Sep 9, 2024
Couche-Tard pushes for Seven & I deal talks after rejection
A potential deal would create a global convenience store behemoth with more than 100,000 stores.
Sengu Capital, based in Hong Kong, will start a new hedge fund focused on Japanese firms improving management quality.
BUSINESS / Companies
Sep 9, 2024
New hedge fund gains backing for bets on Japan market revival
Investors have been trying to put more money to work in Japan, as the country emerges from more than a decade of deflation.
Alimentation Couche-Tard’s bid to acquire Japan’s Seven & I Holdings has sparked discussions about Japan’s approach to foreign investment and whether rejecting or accepting the bid reflects an openness to international business.
COMMENTARY / Japan
Sep 4, 2024
7-Eleven deserves more than shareholder supremacy
While Japan should consider investor interests, it should not forsake the broader social and community benefits that its businesses provide.
Johnny's & Associates President Noriyuki Higashiyama (second from right), unveils Smile-Up as the new name for the talent agency during a news conference in Tokyo in October 2023. The agency decided on the name change after it acknowledged the abuse committed by its late founder and apologized to victims in September 2023.
JAPAN / Crime & Legal
Sep 4, 2024
Johnny’s victims group to disband one year after agency admitted abuse
The group says it will continue to help victims with unresolved cases — through consultation and other forms of support — despite the disbandment.
Seven & I is currently categorized on the Finance Ministry's classification list as a company that conducts "designated," but not "core" businesses.
BUSINESS / Companies
Sep 3, 2024
Japanese companies cannot use national security cover to block takeovers, official says
Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior Finance Ministry official said.
U.S.-based asset manager Artisan Partners asked Seven & I, operator of 7-Eleven stores, to brief shareholders on the status of takeover negotiations with Alimentation Couche-Tard by Sept. 19.
BUSINESS / Companies
Sep 1, 2024
Seven & I shareholder pushes for negotiations with Couche-Tard
U.S.-based asset manager Artisan Partners asked Seven & I to brief shareholders on the status of takeover negotiations by Sept. 19.
Officials of the Osaka Municipal Government enter Kobayashi Pharmaceutical's factory, which was closed in December, in the city of Osaka on Tuesday.
JAPAN / Society
Sep 1, 2024
Japan makes supplement health damage reports mandatory
The measure is aimed at enabling administrative authorities to quickly grasp related information and prevent the spread of health damage.
Pedestrians walk past the Financial Services Agency headquarters in Tokyo.
JAPAN
Aug 31, 2024
Over 2.5 million sets of info leaked from four Japan nonlife insurers
Of the total, employees on loan were found to have been involved in about 240,000 cases, including for contracts for corporate customers.
Cars are assembled at a Maruti Suzuki manufacturing plant in Manesar, India, in September 2023. Suzuki is one of the success stories for Japanese manufacturers trying to establish joint ventures in India, having become a household name in the country.
COMMENTARY / Japan
Aug 29, 2024
For Japanese companies in India, local staff are an invaluable resource
The roots of Japanese investment in India go far back, to 1958, when the latter became the first country to receive official development assistance from Japan.
For a billionaire with a mission to prevent climate change, “He greened the energy policy of the world’s fourth-biggest economy (Japan),” would make a hell of an epitaph for Mike Cannon-Brookes. 
COMMENTARY / Japan
Aug 29, 2024
An activist investor could green Japan for $700 million
For a billionaire with a mission to prevent climate change, "Greened the energy policy of the world’s fourth-biggest economy” would make a hell of an epitaph.
Japan’s 2024 buzzword of the year urges a reevaluation of past norms
Sadao Abe, who played the role of a time-traveling Showa Era teacher transported to present day in a popular TV drama, receives the 2024 buzzword of the year award for the word "futehodo," the nickname of the series.
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.
Trump says will 'block' Nippon Steel from taking over U.S. Steel
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
Japan witnesses warmest fall on record
Hibiya Park in Tokyo's Chiyoda Ward on Saturday. Warm weather has delayed the country's autumn foliage season — when tourists flock to see leaves turn vibrant reds and yellows.
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.
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.
The Geisha bean is the leading lady of Tokyo's coffee scene
Discovered in the 1930s, the Geisha coffee plant came to worldwide fame in the early 2000s and now represents some of the best coffee on the planet — Tokyo's top cafes included.

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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