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Tax-Free Department-Store Sales In Japan Hit Record In October

  • Category:Other
NHK
 
Spending by foreign tourists pushed up sales of tax-free items at department stores across Japan to a record high in October.
The Japan Department Stores Association says the figure came in at just over 38.3 billion yen, or about 257 million dollars. That's the highest amount for a single m...

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3 Japan Railway Firms to Introduce System to Pay Fare by Tapping Credit Card at Ticket Gates

  • Category:Other
JAPAN NEWS
 
Three major private railway companies will introduce a system by the end of next year in which passengers can pay their fare by tapping a credit card at station ticket gates, sources said.
With the contactless payment system eliminating the need to purchase a ticket or charge a trans...

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Japan's Inflation Comeback Prompts Investors To Tear Up Old Playbooks

  • Category:Other
REUTERS
 
Global inflationary forces are finally seeping into Japan's economy after decades of falling prices, forcing investors to radically rethink their Japan bets as the Bank of Japan considers a major policy shift.
International investors, who have long favoured stocks benefiting from Japan'...

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Japan Cuts Economic View, 1st In 10 Months, On Weak Domestic Demand

  • Category:Other
KYODO NEWS
 
The government on Wednesday downgraded its assessment of Japan's economy for the first time in 10 months, saying it is recovering moderately but "appears to be pausing in part" on weak domestic demand, a worrying sign before new inflation relief steps are rolled out.
Among key compon...

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Komatsu Announces Plans To Acquire American Battery Solutions

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JAPAN TODAY
 
Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp, has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the conditio...

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Azabudai Hills Development, with Japan’s New Tallest Skyscraper, Opens Doors to Press in Tokyo

  • Category:Other
JAPAN NEWS
 
The Azabudai Hills building complex, which features Japan’s tallest habitable building, was shown to the press by Mori Building Co. on Monday in Minato Ward, Tokyo.
The 64-story, 330-meter-tall Mori JP Tower, the centerpiece of the complex, rises higher than Osaka’s Abeno Harukas in ...

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Itochu Considers Acquisition of Scandal-plagued Used-car Dealer Bigmotor

  • Category:Other
JAPAN NEWS
 
Trading house Itochu Corp. is considering the acquisition of scandal-plagued Bigmotor Co., a major used car dealer, it was learned Friday.
Itochu is expected to team up with J-Will Partners, a domestic corporate revitalization fund, and sign an exclusive agreement for the asset valua...

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Japan's Trade Deficit Shrinks 70% To ¥662.5 Bil In October

  • Category:Other
JAPAN TODAY
 
Japan's trade deficit in October shrank 70.0 percent from a year earlier to 662.5 billion yen as imports continued to drop sharply and exports grew for the second straight month, government data showed Thursday.
It was the first red ink in two months, as exports increased 1.6 percen...

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Japanese Economy Shrinks 0.5% In Third Quarter

  • Category:Other
JAPAN TODAY
 
Japan's economy contracted by a worse-than-expected 0.5 percent in the third quarter, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida.
The shrinking of the world's number three economy, following two consecutive quarters of growth, was ...

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Indonesia, Japan Plan To Accelerate Energy Transition At IPEF Meeting

  • Category:Other
ANTARA
 
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, and Japanese Minister of Economics, Trade, and Industry, Nishimura Yasutoshi, discussed opportunities for economic cooperation and accelerating energy transition between both nations.
The discussion took place on ...

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