Business News On Japan
Updated: 2 min 19 sec ago
February 14, 2024 - 13:58
The purpose behind Chinese purchases of Japanese real estate is evolving. We delved into the phenomenon of Chinese wealthy individuals buying up condominiums for residential purposes. (News On Japan)
February 14, 2024 - 03:04
The yen weakened to the mid-150s against the dollar in the foreign exchange market, reaching a level last seen in November, approximately three months ago. (News On Japan)
February 13, 2024 - 01:38
As Japan faces a critical shortfall of over 20,000 drivers, the bus industry has embarked on a novel initiative to address the issue: hire more women. (News On Japan)
February 12, 2024 - 23:32
Daihatsu Industry has recommenced production of specific vehicle models at its Kyoto factory, marking the first resumption of operations since halting all domestic factory activities due to a misconduct scandal. (News On Japan)
February 12, 2024 - 19:48
Toyota Motor Corporation has announced plans to conduct a demonstration experiment using autonomous vehicles on the public roads of Odaiba, Tokyo, as early as July this year. (News On Japan)
February 12, 2024 - 03:41
Himeka, a hostess at CLUB RAISE, part of the Ace Group in Kita-Shinchi, Osaka, updated her Instagram on February 11th to announce that she will be taking on the role of president of the company starting February 15th. (News On Japan)
February 10, 2024 - 09:31
Curry House CoCo Ichibanya, a staple for curry lovers, has announced a price adjustment for its egg-based dishes starting March. The move comes in response to the soaring prices of chicken eggs, exacerbated by the impact of avian influenza and other factors. (News On Japan)
February 9, 2024 - 18:00
Ito-Yokado, a supermarket chain under the umbrella of Seven & i Holdings, has announced its withdrawal from Hokkaido and the Tohoku region, signaling the closure of all its 14 stores in these areas. This strategic retreat encompasses six stores in Hokkaido and eight stores across Aomori, Iwate, Miyagi, and Fukushima prefectures. The closures will be phased in starting this spring. (News On Japan)
February 9, 2024 - 14:58
The Japanese government has taken a significant step towards expanding employment insurance coverage by approving an amendment to the Employment Insurance Act that aims to lower the required working hours for eligibility, making it easier for part-time workers to join the insurance system. (News On Japan)
February 9, 2024 - 14:07
Japan McDonald's Holdings announced on February 8th that its annual sales reached a record 777.7 billion yen last year, marking the highest in the company's history. The final profit also saw a significant increase, rising by 26.2% to 25.1 billion yen compared to the previous year. (News On Japan)
February 9, 2024 - 14:04
The Consumer Affairs Agency has called for preventive measures against four companies selling rice cookers advertised with "carb-cutting" features, citing a lack of rational basis for such claims. (News On Japan)
February 8, 2024 - 18:33
In response to the surge in online shopping and the anticipated "2024 problem," Japan Airlines (JAL) has unveiled the interior of its newly introduced cargo aircraft, marking the company's first foray back into dedicated freighters in 13 years. (News On Japan)
February 8, 2024 - 14:44
In December 2023, Nippon Steel reached an agreement to acquire American steel giant US Steel in a deal worth 2 trillion yen. However, opposition has emerged from labor unions and former President Donald Trump. Unions claim that President Biden has also expressed opposition to the acquisition, potentially making it a topic of discussion in the November presidential election and increasing the headwinds facing Nippon Steel. (News On Japan)
February 8, 2024 - 13:12
Nintendo announced on Wednesday that its net profit for April to December last year surged by 17.9% to a record 408 billion yen, bolstered by the depreciating yen which expanded its earnings. (News On Japan)
February 8, 2024 - 13:08
For the first time in two years, Japan's current account surplus has rebounded to the 20 trillion yen range over the last year, thanks to a decrease in oil prices leading to reduced import costs. (News On Japan)
February 7, 2024 - 11:19
Suntory has launched a new web commercial for its draft beer, starring the comedy duos Oswald (Yu Hatanaka and Shunsuke Ito) and Reiwa Roman (Kuruma Takabiraki and Kemuri Matsui), titled "Promising Newcomers." The nearly two-minute-long video debuted on the Suntory official YouTube channel on Wednesday, February 7. Both pairs engage in an almost unscripted hilarious conversation that is a must-watch. (News On Japan)
February 7, 2024 - 08:36
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, officially announced on the evening of the 6th that it will build its second semiconductor factory in Japan, in partnership with Sony Group and others, in Kumamoto Prefecture. Toyota Motor Corporation has newly invested in the operating company, and the combined investment for the first factory currently under construction and the new facility exceeds $20 billion, or more than 2.96 trillion yen. The second factory is scheduled to start construction by the end of 2024 and aims to begin operations by the end of 2027. (News On Japan)
February 6, 2024 - 19:55
In an innovative step towards addressing the labor shortage and streamlining operations, FamilyMart has begun the rollout of multifunctional robots across 300 stores nationwide by the end of this month. (News On Japan)
February 6, 2024 - 11:44
In 2023, the Japanese workforce faced a paradoxical economic situation where, despite a continuous increase in gross cash earnings for the third year, real wages—adjusted for inflation—declined for the second consecutive year. The Ministry of Health, Labour and Welfare's preliminary data reveals that the average monthly cash earnings per worker, including base pay and overtime, was ¥329,859. This marked a 1.2% increase over the previous year and represented the third successive year of growth. (News On Japan)
February 6, 2024 - 08:16
As demand for power semiconductors used in electric vehicles (EVs) and other applications continues to rise, major Japanese semiconductor companies are accelerating their efforts to enhance development and production. Power semiconductors have been a strong suit for Japanese manufacturers, and strengthening this sector is becoming a crucial phase in enhancing their competitiveness globally. (News On Japan)
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