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Japan’s MUFG — Finding A Sense Of Unity Amid Financial Change

  • Category:Other
THE JAPAN NEWS
 
The digitization of financial transactions has empowered start-ups that can provide payment and other digital services. The Yomiuri Shimbun interviewed Hironori Kamezawa, president and group CEO of Mitsubishi UFJ Financial Group Inc. (MUFG), about how the group is responding to r...

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Japan's Rebounding July Machinery Orders Tempered By Fragile Business Outlook

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REUTERS
 
Japan’s machinery orders rebounded in July from a sharp fall in the previous month, a welcome relief for the coronavirus-stricken economy but the outlook for capital spending remained uncertain due to fragile global business conditions.
Corporate Japan is facing strains from steep decli...

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Amazon's Japan Unit To Return 2 Bil. Yen To Suppliers

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KYODO NEWS
 
Amazon.com Inc.'s Japan unit has pledged to return around 2 billion yen ($18.8 million) to around 1,400 suppliers after having them shoulder part of the costs to cover discounts the online retailer applied on goods, the antitrust watchdog said Thursday.
The pledge was part of Amazon ...

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Japan's Suga Says Strong Economy Necessary To Pursue Fiscal Reform

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THE CHRONICLE HERALD
 
TOKYO (Reuters) - Japan's Chief Cabinet Secretary Yoshihide Suga, a frontrunner to become next prime minister, said on Wednesday that strong economic growth is necessary to pursue fiscal reform.
"Reviving Japan's economy is our priority ... A strong economy is necessary for...

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Eneos To Hasten Refinery Consolidation As Virus Hits Demand At Home

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JAPAN TODAY
 
Japan's biggest oil refiner Eneos Holdings Inc will hasten its transformation into a supplier of low-carbon energy and materials as domestic oil demand drops more than expected due to the COVID-19 pandemic, new President Katsuyuki Ota said.
A quicker timeline comes amid a wider cons...

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Japan's Tuna Market, The World's Largest, Hit Hard By COVID-19 Pandemic

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CNA
 
Japan's tuna market, the world's largest, is taking an outsized hit from the COVID-19 pandemic, pressuring restaurants and wholesalers at Tokyo's sprawling Toyosu fish market to adapt to survive.
Businesses had hoped for more activity after Japan lifted its state of emergency in late May, b...

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Japan’s Convenience Stores Are Told to Stop Pushing 24-Hour Schedules

  • Category:Other
NEW YORK TIMES
 
The country’s antimonopoly regulator has warned the powerful industry to improve the treatment of franchisees who have been fighting for shorter opening hours.
Japanese convenience store owners who have been fighting for a break from their grueling 24-hour, 365-day-a-year operati...

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Japan's August Service Sector Activity Worsens As Pandemic Stymies Recovery

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JAKARTA POST
 
Activity in Japan’s services sector contracted at a faster pace in August for the first time in four months, as uncertainty from the coronavirus pandemic weighed on sentiment, hurting business at home and from abroad.
The final Jibun Bank Japan Services Purchasing Managers’ Index (...

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Japan’s Honda To Halt Commuting Allowance, Add For Telework

  • Category:Other
THE JAPAN NEWS
 
Honda Motor Co. plans to abolish fixed commuting allowances and instead switch to the reimbursement of actual expenses from October. The move is in response to the increase of teleworkers within the company.
A new ¥250 telecommuting allowance, intended to reduce the employees’ bu...

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Few Signs of Business Upturn to Cheer Japan’s Small and Medium-Sized Companies

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NIPPON.COM
 
The Organization for Small & Medium Enterprises and Regional Innovation, Japan has been conducting a survey on the impact of the COVID-19 crisis on small and medium-sized businesses every month since April of this year, targeting 2,000 such businesses.
The results of the July survey ...

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