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Seven & i's 83-year-old CEO Quits After Board Rejects His Proposal

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JAPAN TODAY
 
TOKYO — The veteran boss of retail group Seven & i Holdings Co Ltd, who pioneered 24-hour convenience stores in Japan four decades ago, said on Thursday that he is stepping down to take responsibility for a failed management reshuffle.
The patriarch’s sudden departure without a name...

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Marubeni Rookies Try Noh Business

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THE JAPAN NEWS
 
This spring’s newly hired employees of a major Japanese trading house experienced a one-day training session for traditional noh at an authoritative stage in Japan on Wednesday.
The session was held by Marubeni Corp., aiming to have the freshmen who joined the company this month ...

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910,000 New Recruits Start Work Across Japan

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JAPAN TODAY
 
TOKYO — Hundreds of thousands of Japanese started their first day on the job Friday in an annual ritual born from the country’s fast-disappearing jobs-for-life work culture.
More than 500 recruits pumped their fists in the air and shouted “yacchae, Nissan” (“go for it, Nissan”) at t...

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Phone Carrier Price War Stifled

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THE JAPAN NEWS
 
By Katsutoshi Samata / Yomiuri Shimbun Staff Writer
A directive issued by the communications ministry on Tuesday to two of the nation’s major mobile phone carriers over excessive discounts highlights the difficulty of encouraging the firms to rectify their business practices in a...

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IoT Revolution On Horizon For Business, Private Life

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THE JAPAN NEWS
 
By Daisuke Ichikawa and Yu Komagata / Yomiuri Shimbun Staff Writers
The Internet of Things, or IoT (see below), which connects various objects through the Internet, will make family life more convenient and production in factories more efficient. This new market has brought busin...

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Power Retail Market Opened for Competition

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Japan’s electricity retail business was fully liberalized on Friday, a landmark reform initiative to crack open an ¥8-trillion market that had been controlled by regional power monopolies for 65 years.
With the start of the new fiscal year, a total of 266 com...

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Takata Shares Plunge 20% On 'Worst Case' Airbag Recall Costs

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JAPAN TODAY
 
TOKYO — Takata’s shares plunged 20% in Tokyo Wednesday, after Bloomberg News said the embattled Japanese airbag supplier’s recall-related costs could come in as high as $24 billion.
Citing a person familiar with the matter, Bloomberg said the company estimated the “worst case” scena...

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Japan Spending Gets Leap Year Boost, But Broader Outlook Dim

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JAPAN TODAY
 
TOKYO — Spending by Japanese families increased in February for the first time in six months, government data showed Tuesday, but analysts said the rare good news for Prime Minister Shinzo Abe is likely to be short-lived.
Abe came to power in December 2012 vowing to rejuvenate the w...

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Hokkaido Shinkansen Goes Into Service With Fanfare

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THE JAPAN NEWS
 
Jiji Press
HOKUTO, Hokkaido (Jiji Press) — Hokkaido Railway Co., or JR Hokkaido, opened its Shinkansen high-speed railway line for services on Saturday, with Shinkansen bullet trains connecting Honshu and Hokkaido underneath the Tsugaru Strait for the first time ever.
This opened...

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Government Eyes Tighter Rule to Restrict Long Overtime Work

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JAPAN TODAY
 
TOKYO — The Japanese government is considering setting an upper limit to the length of overtime work allowed under the labor standards law as part of its efforts to reform the nation’s labor system.
In Japan, companies can ask employees to work overtime once they form a labor-manage...

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