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Govt Upgrades GDP Growth As Strength Absorbs Hit From Trade

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Reuters) — Japan’s economy expanded at a much faster pace than initially reported in the third quarter, as resilient domestic demand and business spending offset the hit to growth from falling exports and global trade tensions.
Gross domestic product grew an annualized 1.8...

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Japan's Current Account Surplus Rises 38%

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan's current account surplus rose 38.0 percent in October from a year earlier, as imports dropped faster than exports amid falling crude oil prices and the prolonged U.S.-China trade conflict, government data showed Monday.
The country's surplus in the current account cam...

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Softbank And University Of Tokyo To Open Business-Oriented AI Research Centers

  • Category:Other
JAPAN TIMES
 
SoftBank Corp. and the University of Tokyo have agreed to open artificial-intelligence centers staffed with specialists from the university and around the world, to swiftly turn research into profitable business ventures so Japan can keep up with the U.S. and China.
“If they are stu...

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Apollo Global Taps Bain Capital Veteran To Lead Its Japan Business

  • Category:Other
PION LINE
 
Tetsuji Okamoto will join Apollo Global Management in Tokyo on Monday as a partner and head of Japan, according to a company announcement.
The role is new. He will report to Steve Martinez, senior partner and head of Asia-Pacific.
Mr. Okamoto comes to Apollo from Bain Capital in Tokyo...

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Private Equity Firm Apollo Hires Bain Executive To Launch Japan Business

  • Category:Other
NASDAQ
 
TOKYO/HONG KONG, Dec 5 (Reuters) - Private equity firm Apollo Global Management has hired a former executive from rival Bain Capital to head its operations in Tokyo, becoming the latest global fund to set up shop in Japan, five people with knowledge of the matter said.
Apollo has hired T...

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Japan's Households Tighten Purse Strings As Sales Tax, Typhoon Hit

  • Category:Other
REUTERS
 
TOKYO (Reuters) - Japanese households cut their spending for the first time in almost a year in October as a sales tax hike prompted consumers to rein in expenses and natural disasters disrupted business.
Household spending dropped 5.1% in October from a year earlier, government data sh...

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Japanese Cosmetic Giant Shiseido Gambles On 'Made In Japan'

  • Category:Shopping
JAPAN TIMES
 
OTAWARA, TOCHIGI PREF. – On wasteland once used for earthquake drills in the small town of Otawara, Tochigi Prefecture, Shiseido has built its first domestic factory in 36 years, hoping to capitalize on a boom for “Made in Japan” cosmetics.
The Japanese cosmetics industry faces huge...

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Japan Unveils $120 Billion Fiscal Boost To Fight External Risks, Post-Olympics Slump

  • Category:Event
THE GUARDIAN
 
TOKYO (Reuters) - Japan unveiled a $120 billion fiscal package on Thursday to support stalling growth in the world's third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.
Prime Minister Shinzo Abe announced the 13 tri...

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Heat-Not-Burn Tobacco Competition Heats Up Before Law Revision

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Competition is intensifying in Japan’s fast-growing market for heat-not-burn tobacco products, which account for over 20% of the country’s overall tobacco sales, including cigarettes.
While the number of tobacco users in Japan has halved over the last three d...

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Hokkaido Pulls Out Of Integrated Resorts Race In Japan

  • Category:Other
STRAITS TIMES
 
TOKYO - Hokkaido has withdrawn from the stiff race to host one of Japan's first three integrated resorts (IRs), becoming the first prefecture that had previously cited interest to pull out.
Japan's northernmost island and largest prefecture has long earmarked a district in Tomakom...

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