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Updated: 7 min 37 sec ago

From trains to baths, Japan's companies slash earnings outlook

February 22, 2020 - 20:32
The novel coronavirus outbreak has forced as much as 56 Japanese companies to disclose that they will downgrade earnings forecasts or expect a significant slow down of sales, according to credit research specialist Tokyo Shoko Research. (Nikkei)
Categories: Japan News

23 cashless payment providers join Japan's My Number point program

February 20, 2020 - 19:12
Twenty-three providers of cashless payment services have registered to participate in a government-led reward-point program for holders of My Number social security and tax identification cards, the internal affairs ministry said Wednesday. (Japan Times)
Categories: Japan News

Japan tightens entry of foreign investors in 12 strategic sectors

February 20, 2020 - 19:09
Foreign investors purchasing a 1% or more stake in a Japanese company will be subject to prescreening if the target company is included in 12 specified sectors deemed critical to national security, such as arms, aircraft and space-related industries, Nikkei has learned. (Nikkei)
Categories: Japan News

Japanese firms urge staff to work remotely

February 19, 2020 - 22:00
The spread of the new coronavirus has prompted some Japanese companies to alter their work schedules, or even tell staff to stay home. (NHK)
Categories: Japan News

Global businesses start to shun Japan over growing outbreak

February 19, 2020 - 21:49
Multinational companies are avoiding travel to and from Japan over fears the country could be the next hot spot in the coronavirus outbreak. (Nikkei)
Categories: Japan News

Fujitsu gets Japan's first preliminary local 5G license

February 18, 2020 - 18:24
Japan’s communications ministry on Tuesday gave major electronics maker Fujitsu Ltd. the country’s first preliminary license to build a local fifth-generation, or 5G, communications network. (Japan Times)
Categories: Japan News

Nissan shareholders approve new board

February 18, 2020 - 18:20
Nissan Motor held an extraordinary shareholders meeting on Tuesday, as it struggles to rebuild itself under new leadership. 666 people gathered in Yokohama. They approved a new board of directors led by current President and CEO Makoto Uchida. (NHK)
Categories: Japan News

Japan Post's zombie privatization is warning to Shinzo Abe

February 16, 2020 - 21:00
Japan invented the zombie company: a once proud and innovative name that has lost its way and staggers from one crisis to another. But has Asia's second biggest economy now created the zombie privatization? (Nikkei)
Categories: Japan News

SoftBank's Masayoshi Son considers new type of fund for startup investing

February 13, 2020 - 18:49
SoftBank Group Corp. founder Masayoshi Son said he is considering a new type of fund for startup investing, showing his determination to keep cutting deals after missteps with WeWork and several other companies. (Japan Times)
Categories: Japan News

Rakuten sells entire Pinterest stake as it offloads tech holdings

February 13, 2020 - 18:31
Japanese e-commerce conglomerate Rakuten on Thursday said it sold $1.4 billion worth of shares in its technology holdings, including its entire stake in U.S. social networking service Pinterest, underlying growing concerns about overvaluations in the sector. (Nikkei)
Categories: Japan News

Integrated resorts in Japan set to boost the economy

February 13, 2020 - 08:35
Find out why the Integrated Resorts project in Japan is bound to be a raging success. The multi-billion project will transform the local economy in a big way. (newsonjapan.com)
Categories: Japan News

Japan's efforts to raise wages wane as firms embrace merit-based pay

February 12, 2020 - 18:41
More Japanese companies are shifting to merit-based pay as competition for workers heats up, but the change risks holding back the sort of blanket wage hikes the prime minister says are needed to inflate the economy. (Japan Today)
Categories: Japan News

Nissan files lawsuit against Ghosn, seeks $90 mil.

February 12, 2020 - 18:25
Nissan Motor has filed a lawsuit with a Japanese court against former chairman Carlos Ghosn, seeking 10 billion yen, or about 90 million dollars, in damages. Ghosn is now in Lebanon after skipping bail in Japan. (NHK)
Categories: Japan News

SoftBank gains $12bn as Sprint's stock soar

February 11, 2020 - 19:59
A U.S. federal judge on Tuesday ruled in favor of the $26 billion merger between wireless carriers T-Mobile and SoftBank Group-owned Sprint, giving the Japanese conglomerate a much-needed boost after a series of investment flops. (Nikkei)
Categories: Japan News

Nissan to briefly halt production at Fukuoka plant

February 11, 2020 - 19:30
Nissan Motor plans to temporarily suspend production at a plant in Japan's southwest amid the outbreak of the new coronavirus. (NHK)
Categories: Japan News

Japan OKs delayed financial reporting

February 11, 2020 - 19:28
Japanese financial authorities will allow companies to delay submitting mandatory reports if they cannot meet the deadlines due to the coronavirus outbreak in China. (NHK)
Categories: Japan News

Japan, Britain agree to aim for 'ambitious' trade deal

February 8, 2020 - 21:54
The top diplomats of Japan and Britain agreed Saturday to work quickly toward a bilateral trade deal that will be "at least as ambitious" as Japan's agreement with the European Union. (Kyodo)
Categories: Japan News

Japan carmakers brace for supply and demand nightmares due to coronavirus

February 7, 2020 - 19:48
Clouds are gathering on the horizon for Japanese carmakers, their business outlook put at risk by the new coronavirus from China as it threatens to cripple their supply chains in the country, now a global manufacturing powerhouse. (Japan Times)
Categories: Japan News

Bic Camera shop opens in Mitsukoshi's flagship department store

February 7, 2020 - 19:39
Bic Camera Inc., a consumer electronics mass retailer, opened a new shop Friday in Mitsukoshi's flagship department store in Tokyo, focusing on high-end products to attract affluent customers. (Kyodo)
Categories: Japan News

Japan-China flights cut 30% due to virus, with Osaka hit hard

February 5, 2020 - 21:32
Flights between China and Japan already are down by nearly one-third this month as airlines cut service in response to the coronavirus outbreak, with Osaka and Nagoya hardest hit by the drop in travel. (Nikkei)
Categories: Japan News

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