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Updated: 29 min 21 sec ago

SoftBank posts $11.8bn net profit in first quarter

August 11, 2020 - 07:21
SoftBank Group on Tuesday reported a net profit of 1.25 trillion yen ($11.8 billion) in the April-June quarter thanks to the merger and sale of its stake in U.S. mobile carrier Sprint, marking a return to profit after suffering its worst ever loss in the previous quarter. (Nikkei)
Categories: Japan News

Deptartment stores push yukata as online pandemic party attire

August 10, 2020 - 07:04
Colorful kimono are synonymous with Tokyo summer celebrations but anti-coronavirus measures have put social gatherings off-limits and led struggling department stores to push the traditional Japanese outfits as a way to make a virtual fashion statement. (Japan Times)
Categories: Japan News

Japan's biggest companies plot 16 percent jump in tech investment

August 9, 2020 - 22:36
Despite uncertainties from COVID-19, top Japanese corporations plan to invest 15.8% more in information technology in fiscal 2020 to keep up the wave of digitization across industries. (Nikkei)
Categories: Japan News

Japan's household spending recovers

August 7, 2020 - 04:17
Official figures indicate that Japanese households may be recovering from the economic impact of COVID-19. Spending was down in June, but by a much smaller margin than the month before. (NHK)
Categories: Japan News

How big business is getting in the way of Japan's climate efforts

August 6, 2020 - 20:49
Japan's powerful business lobby, the Keidanren, is dominated by energy-intensive sectors that represent less than 10 percent of the economy, resulting in national policies that favour coal and hindering attempts to combat climate change, a new study said. (aljazeera.com)
Categories: Japan News

Toyota’s profit plunges as pandemic halves vehicle sales

August 6, 2020 - 20:33
Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. (krmg.com)
Categories: Japan News

Uber Eats Japan starts monthly unlimited plan to fence out rivals

August 5, 2020 - 20:37
Uber Technologies has begun to offer a food delivery subscription in Japan that replaces per-order fees, tapping into the growing demand from consumers holed up at home from the coronavirus. (Nikkei)
Categories: Japan News

Summer bonuses at major Japan firms down 2.17 percent

August 5, 2020 - 20:33
The average summer bonus at major Japanese companies this year dropped 2.17 percent from a year earlier to ¥901,147, a Japan Business Federation survey showed Wednesday. (Japan Times)
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China increasingly worried about ‘losing face’ as Japan bankrolls exodus of firms

August 5, 2020 - 05:03
Japan’s decision to offer an initial group of 87 companies subsidies totalling US$653 million to expand production at home and in Southeast Asia has sparked debate whether the world’s third largest economy is trying to gradually decouple from China. (scmp.com)
Categories: Japan News

McDonald's Japan's supersized growth didn't wow US bosses

August 4, 2020 - 21:59
McDonald's Holdings (Japan) has staged a dramatic comeback in the five years since a crisis triggered by food-safety scandals, breaking sales records and thriving on takeout demand in the middle of a pandemic. (Nikkei)
Categories: Japan News

62 percent in Japan with cold-like symptoms went to work amid pandemic

August 4, 2020 - 21:47
About 60 percent of people in the nation who developed cold-like symptoms during the first wave of the novel coronavirus pandemic, between February and May, went to work despite a request by the government for them not to do so, a recent survey has found. (Japan Times)
Categories: Japan News

Nippon Steel to immediately appeal South Korea's asset seizure

August 4, 2020 - 06:17
Nippon Steel decided on Tuesday to immediately appeal a South Korean court ruling that took effect the same day that allows for the seizure of company assets as compensation for wartime labor during Japanese colonial rule. (Nikkei)
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Mitsubishi Motors to rebuild business from SE Asia

August 4, 2020 - 06:14
Mitsubishi Motors expects to post a net loss of over 3 billion dollars this fiscal year. But the CEO tells NHK he plans to rebuild the company's business with a focus on Southeast Asia. (NHK)
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Japanese curry chain opens branch in India

August 3, 2020 - 21:25
A major Japanese food chain, Curry House CoCo Ichibanya, on Monday opened a restaurant in India, the home of curry dishes. (NHK)
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7-Eleven plans expansion to 20,000 US stores after Speedway buy

August 3, 2020 - 21:14
Japanese retail group Seven i Holdings plans to expand its web of U.S. convenience stores to 20,000 following the $21 billion deal to buy American counterpart Speedway, it was learned Monday. (Nikkei)
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JAL posts big quarterly loss

August 3, 2020 - 21:09
Japan Airlines has posted a big net loss for the April-June quarter, as the coronavirus pandemic continues to devastate the global aviation industry. (NHK)
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Coronavirus bankruptcies total 400 in Japan

August 3, 2020 - 21:04
A survey by credit research firm Teikoku Databank shows 400 businesses in Japan have gone under due to the effects of the coronavirus pandemic. (NHK)
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Japanese carmakers bring output back to normal

August 3, 2020 - 08:12
Major Japanese automakers are returning domestic factories to normal production levels. The companies say global demand for automobiles is on the mend. (NHK)
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JETRO to help companies export made-in-Japan refined crafts online

August 3, 2020 - 08:11
A Japanese government-linked organization will help local companies export made-in-Japan refined crafts including stationery, furniture and accessories through online business meetings with overseas buyers amid the coronavirus pandemic. (Japan Today)
Categories: Japan News

China embarks on charm offensive toward Japanese companies

August 2, 2020 - 21:40
At a symposium with entrepreneurs in July, Chinese President Xi Jinping praised the founder of Japanese electronics company Panasonic as a visionary alongside the likes of Thomas Edison. (Nikkei)
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