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Era Of Mass Closures: The Japanese Businesses Without Successors

  • Category:Other
JAPAN TODAY
 
Kiyoshi Hashimoto's machinery factory should be buzzing with industry. Instead, it's so quiet you can hear him practicing the recorder.
The 82-year-old entrepreneur founded his company nearly 40 years ago, but well past retirement age he has neither a successor nor a buyer for a bus...

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Bigmotor Top To Quit Over Insurance Fraud Scandal

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JAPAN NEWS
 
Bigmotor Co. President Hiroyuki Kaneshige said Tuesday that he will resign to take responsibility for the major Japanese used car dealer’s scandal over fraudulent auto insurance applications.
“I deeply apologize for causing great trouble and concern to our customers, nonlife insuranc...

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Markets Skeptical Whether BOJ Will Change Ultraloose Policy

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JAPAN TODAY
 
Despite inflation staying well above the Bank of Japan's 2 percent target, financial markets are skeptical about whether the central bank will make any changes to its ultraeasy monetary policy at its upcoming meeting.
Given this prevailing view, a shift in Japan's ultraloose policy ...

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China Urges Japan Not To Disrupt Chip Industry After Technology Curbs Take Effect

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AP NEWS
 
China’s government appealed to Japan on Monday not to disrupt the semiconductor industry after curbs on exports of Japanese chip-making technology took effect, adding to technology restrictions Washington and its allies have imposed on China on security grounds.
The Japanese restriction...

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Nidec's Acquisitive CEO Hails New Japan Rules Aimed At Making Takeovers Easier

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REUTERS
 
New Japanese guidelines to promote more mergers and acquisitions and remove a long-held stigma around unsolicited bids will be a boon for the world's top maker of electric motors, Nidec (6594.T), its chief executive said.
Shigenobu Nagamori, the bluntly spoken founder who built Nidec in...

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Credit Card Payments Becoming Available for Trains in Japan

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JAPAN NEWS
 
Contactless payment using credit cards is becoming available for train services in Japan, including regional services where Suica and other prepaid IC cards, which are mainly used for public transportation, are not available.
In anticipation of an increase in the number of visitors f...

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Japan To See Price Hikes On 35,000 Food, Drink Items By End Of 2023

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JAPAN TODAY
 
Japanese consumers will have seen price hikes on 30,009 food and beverage products by October as retailers pass on higher costs to protect their profits, according to a credit research company.
The total, including the hikes in coming months, already eclipses the 2022 total of 25,76...

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Japan's Export Curbs On Chip-Making Equipment To China Take Effect

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KYODO NEWS
 
Japanese restrictions on exports of advanced chip-manufacturing equipment took effect Sunday, in line with U.S.-led efforts to stymie China's ability to develop high-end semiconductors capable of being used for military purposes.
With the revision of a trade ministry ordinance under ...

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Japan's Core Consumer Prices Rise 3.3% In June On Year

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JAPAN TODAY
 
 
Japan's consumer inflation accelerated to 3.3 percent in June from a year earlier, government data showed Friday, in a fresh sign of broadening price hikes that could fuel speculation of a policy tweak by the Bank of Japan.
The core consumer price index, excluding volatile fresh f...

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Japan's Surprise Trade Surplus Comes With Caveats for Growth

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FINANCIAL POST
 
Japan’s balance of trade unexpectedly swung to its first surplus since July 2021, an outcome that should help ease pressure on the economy’s recovery, though risks remain for the growth outlook.
Japan’s balance of trade unexpectedly swung to its first surplus since July 2021, an ...

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