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December 23, 2024
 

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DRUGSTORES

The government plans to lower official drug prices for fiscal 2025 while carefully considering the scope of items subject to the planned cuts in light of the impacts on drugmakers.
BUSINESS
Dec 4, 2024
Japanese drug market prices 5.2% lower than official prices
Generic drugs made up 62.1% of the market by value in September, with a government target of 65% by fiscal 2029 to cut medical costs.
Aeon plans to spend about ¥102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024
Retailer Aeon to merge with drugstore chains Tsuruha and Welcia
The three companies said they will seek to expand their businesses outside Japan.
A pedestrian walks outside an Aeon store near Kofukuji Matsubara shopping street in Yokohama in April 2022.
BUSINESS
Jan 29, 2024
Japan's Aeon in exclusive talks to buy Tsuruha stake from Oasis
An increase in Aeon's stake would add to its drugstore business, a key growth driver for the firm.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023
Fund that got in before Buffett now likes Japan drugstores
A top fund manager says there’s opportunity to profit from consolidation in the sector.
JAPAN
Dec 1, 2023
Japan to tighten regulations on over-the-counter drug sales
The plan comes in response to the spread of overdoses mainly among young people.
BUSINESS / Companies
Nov 15, 2023
Japan’s Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
A Matsumotokiyoshi drugstore in Tokyo. Matsumotokiyoshi Holdings and Cocokara Fine integrated their operations in 2021.
BUSINESS / Companies / FOCUS
Oct 10, 2023
Japanese drugstores under pressure for realignment
One analyst has described realignment in the drugstore sector as "a natural course of development."
Welcia Holdings, Japan’s largest drugstore chain, is one of the first Japanese companies to respond to China easing its ban on group tours to a raft of countries last week.
BUSINESS
Aug 18, 2023
Japan drugstore chain boosts duty-free counters on China bets
The company plans to offer duty-free services at 1,000 stores, up from about 260 currently, and it expects tourists to travel beyond Japan’s major cities.
JAPAN
Jul 17, 2023
Electronic prescriptions fail to catch on in Japan
Despite the goal of countrywide integration by the end of fiscal 2024, only 2% of relevant medical facilities have begun using the system.
Japan Times
JAPAN / Science & Health
Mar 22, 2023
Hay fever medicine in high demand amid high pollen count
Sales of hay fever-related items such as anti-inflammatory nasal drugs more than doubled to 210% of last year's figure in the week from Feb. 27.
Japan Times
JAPAN
Jan 11, 2023
Health ministry suggests restricting bulk drug purchases amid hoarding fears
The message follows reports of Chinese people in the country buying medicine in bulk and mailing it to friends and families back home.
Japan Times
WORLD / Science & Health
Apr 27, 2022
With supply more abundant, U.S. pharmacies struggle to use up COVID pills
The rollout of the COVID-19 treatment Paxlovid has been far more complicated and less efficient than expected, leaving hundreds of thousands of courses unused.
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Honda and Nissan consider mutual production of vehicles, report says
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

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