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Japan's 'izakaya' dining bars, wedding halls feeling COVID pinch

April 10, 2021 - 05:47
TOKYO - The number of Japan's "izakaya" dining bars that went bankrupt hit a record high in the year that ended in March, a sign some service-sector firms are being left behind even as the economy emerges from the shock of the coronavirus pandemic. (Reuters)
Categories: Japan News

Tesla sales in Japan rise 1,300% year-over-year, propelled by a wave of Model 3 orders

April 9, 2021 - 09:08
Tesla is starting to gain some serious momentum in Japan, thanks to a wave of Model 3 orders. (teslarati.com)
Categories: Japan News

What’s Driving Japan’s Appetite for U.S. Debt?

April 9, 2021 - 08:58
Japan recently overtook China as the largest international holder of U.S. Treasury securities. (Bloomberg Markets and Finance)
Categories: Japan News

SoftBank Group to acquire 40% stake in AutoStore for $2.8 billion

April 6, 2021 - 19:59
Norwegian robotics and software firm AutoStore AS said Monday that Japanese investment giant SoftBank Group Corp. will acquire 40% of its shares for $2.8 billion. (Japan Times)
Categories: Japan News

Mizuho president apologizes for ATM shutdowns

April 6, 2021 - 07:25
The president of one of Japan's major financial groups has apologized again for systems failures that shut down ATMs across the country. He said the problems have been fixed and the machines are more secure. (NHK)
Categories: Japan News

Sealed copy of Super Mario Bros. sets auction record at $660,000

April 4, 2021 - 23:18
A factory-sealed copy of Nintendo Co.’s Super Mario Bros. originally bought in 1986 has sold for $660,000 (about Y73.05 million) at U.S. auction house Heritage Auctions. (Japan Times)
Categories: Japan News

Japan cooking oil prices skyrocket

April 3, 2021 - 10:06
The price of cooking oil in Japan, which is indispensable for tempura, has risen sharply due to an increase in demand for soybeans and rapeseed. (JapanNutrition.com)
Categories: Japan News

Aso to look into warnings of major bank losses

April 3, 2021 - 02:16
Japan's financial services minister says regulators will look into the situation following warnings of massive losses by global banks. (NHK)
Categories: Japan News

Law urges companies to keep workers until 70

April 1, 2021 - 08:32
A new law requiring companies to try to keep their workers on the payroll until age 70 takes effect on Thursday in Japan. (NHK)
Categories: Japan News

Why the Tokyo Olympics will be Japan’s ‘economic recovery’ games

April 1, 2021 - 08:25
The Tokyo 2020 Olympics, postponed due to Covid-19, will finally open on July 23 – with the Paralympics following from August 24 – although the organising committee has decided there will be no foreign fans and volunteers. (South China Morning Post)
Categories: Japan News

Hitachi to buy US IT firm GlobalLogic

April 1, 2021 - 05:52
Japanese firm Hitachi has made a major acquisition to boost its information technology business overseas. The company will buy US software developer GlobalLogic for 9.6 billion dollars. (NHK)
Categories: Japan News

Could Slots Overtake Pachinko in Popularity in Japanese Society?

March 31, 2021 - 20:18
Gaming has always been a significant part of Japanese culture. When you visit the country, you’ll be taken aback by the number of arcades that house hundreds of locals and tourists trying to sample a piece of the action. (newsonjapan.com)
Categories: Japan News

IMF chief says lack of fans at Olympics won't harm Japan's recovery

March 31, 2021 - 20:08
International Monetary Fund chief Kristalina Georgieva said Tuesday that Japan's economic recovery will not be derailed by staging the Tokyo Games without overseas spectators, while hailing the country's "strong response" to mitigate the fallout from the coronavirus pandemic through timely stimulus packages. (Japan Times)
Categories: Japan News

Owner of Asuka II to build Japan's largest luxury cruise ship

March 31, 2021 - 20:03
The owner of Japan's largest cruise ship, Asuka II, said Wednesday it will build an even bigger yet eco-friendly 51,950-ton ship with completion aimed for 2025, anticipating a post-pandemic recovery in travel demand. (Kyodo)
Categories: Japan News

Japan's retail sales fall for third straight month

March 31, 2021 - 07:01
Underscoring the fragile nature of the economy's recovery from last year's slump, Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency. (WION)
Categories: Japan News

Tokyo's landmark Imperial Hotel to be rebuilt

March 27, 2021 - 04:56
One of Tokyo's landmark hotels is slated for a 2-billion-dollar redevelopment plan. The operator says the project will make the Imperial Hotel Tokyo more competitive as availability of international 5-star accommodation has been increasing in the Japanese capital. (NHK)
Categories: Japan News

Freeing Suez Canal ship 'extremely difficult'

March 26, 2021 - 05:16
The Japanese owner of a giant container ship that is stuck in Egypt's Suez Canal says attempts to refloat the ship are facing extreme difficulty. (NHK)
Categories: Japan News

Muji promotes Xinjiang cotton as Chinese netizens lash rivals

March 26, 2021 - 04:31
Japanese fashion retailer Muji said on Thursday that its stores in China will continue to carry products made with Xinjiang cotton, separating itself from the uproar by Chinese netizens calling for a boycott of H&M and other foreign brands. (Nikkei)
Categories: Japan News

Cost of Hiring in Japan: Facts for Overseas Employees

March 24, 2021 - 07:21
Japan is one of the most technologically advanced countries not only in Asia but across the globe, making it an excellent option for global expansion. (newsonjapan.com)
Categories: Japan News

Line cuts off access from China to protect personal data in Japan

March 24, 2021 - 06:41
Japan's messaging app Line has stopped its Chinese affiliates and contractors from accessing the personal information of Japanese users, the company said Tuesday, in response to growing scrutiny over its data management practices. (Nikkei)
Categories: Japan News

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