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Nitori To Launch Rival Takeover Bid For Shimachu In November

  • Category:Other
JAPAN TIMES
 
Japanese home furnishings retailer Nitori Holdings Co. said Thursday it will launch a rival takeover bid in mid-November to make do-it-yourself and hardware store operator Shimachu Co. a wholly owned subsidiary, triggering a fierce acquisition battle with a major DIY store operator....

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Department Stores Kick Off Year-End, New Year Shopping Campaigns

  • Category:Other
JAPAN TODAY
 
Many department stores and other retailers across Japan have kicked off their year-end gift-giving (oseibo) and New Year fukubukuro (lucky bag) campaigns, accepting orders earlier than usual.
Retailers are hoping consumers will place orders early to avoid overcrowding in stores due ...

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ANA Expects Record Net Loss Of ¥510 Bil In FY2020

  • Category:Other
JAPAN TODAY
 
ANA Holdings Inc said Tuesday it is expecting a record net loss of 510 billion yen ($4.9 billion) in the current business year through March due to depressed air travel demand amid the coronavirus pandemic, prompting the major Japanese airline to take restructuring steps to become l...

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Hotels, Ryokan Inns Suffer ‘Double Whammy’ Due To Coronavirus In Japan

  • Category:Other
THE JAPAN NEWS
 
The following is the second installment in a series looking at efforts by the tourist industry to survive the economic effects of the novel coronavirus outbreak.
When customers arrive at Hoshino Resorts KAI Kawaji, in the Kawaji Onsen hot spring area in Nikko, Tochigi Prefecture,...

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Mitsubishi Heavy Said To Be Freezing Development Of Regional Jet

  • Category:Other
JAPAN TODAY
 
Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.
The sources with knowledge of the decision told Reuters that the...

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Britain And Japan Sign Post-Brexit Trade Deal

  • Category:Other
BBC
 
ritain and Japan have formally signed a trade agreement, marking the UK's first big post-Brexit deal.
The deal, unveiled last month, means nearly all its exports to Japan will be tariff free while removing British tariffs on Japanese cars by 2026.
UK International Trade Secretary Liz Truss...

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Japanese Craft Breweries Are Turning Unsold Beer Into Gin

  • Category:Gourmet
CNN
 
This was going to be a big year for Japan. With the Summer Olympics due to be hosted in Tokyo, the island nation expected 40 million tourists to grace its shores.
But when Covid-19 took hold, the Olympics were postponed and the already struggling economy took a further battering.
With bars ...

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ANA Expects Record Net Loss Of Around ¥530 Bil

  • Category:Other
JAPAN TODAY
 
ANA Holdings Inc is expecting to book a record net loss of around 530 billion yen ($5 billion) and shed about 30 large jets in the business year through March as the coronavirus pandemic batters air travel demand, company sources said Wednesday.
The parent of All Nippon Airways Co, ...

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While Hollywood Idles, Japan’s Box Office Is Now Breaking Records

  • Category:Other
QUARTZ
 
The US box office remains virtually nonexistent, with many theaters still closed and no new movies to put in the ones that are open. But 5,000 miles across the Pacific, Japan’s box office is booming.
Demon Slayer, an anime film based on a popular comic series, shattered the record for th...

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Japan to Loan $473m for Covid-19 Mitigation in Indonesia

  • Category:Other
JAKARTA GLOBE
 
Bogor. Japan has agreed on a 50 billion yen (around $473 million) loan for Covid-19 mitigation in Indonesia during a meeting between visiting Prime Minister Yoshihide Suga and President Joko “Jokowi” Widodo at the Bogor Palace, West Java, on Tuesday.
"By considering the Covid-19 i...

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