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Softbank-Backed Cloudminds Slashes Workforce

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Reuters) — SoftBank-backed cloud robotics and artificial intelligence start-up CloudMinds is slashing its global workforce as it burns through cash after repeated attempts to list on the stock market, people familiar with the matter said.
Headed by former China Mobile rese...

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Sellers petition for antitrust probe over Rakuten free shipping

  • Category:Shopping
JAPAN TODAY
 
TOKYO - A group of merchants on Rakuten Inc's online shopping mall on Wednesday submitted a petition with some 4,000 signatures to the Japan Fair Trade Commission, asking it to investigate the e-commerce giant's planned "free shipping" policy. 
The union of more than 300 sellers on ...

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Japan Top Business Lobby Urges Review In Seniority-Based Employment

  • Category:Other
THE MAINICHI
 
 
TOKYO (Kyodo) -- Japan's most powerful business lobby on Tuesday called on member companies to review the country's long-held employment practices, including automatic pay raises based on seniority and service longevity, amid the need to attract talent in a competitive and fast-d...

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A Roadmap For Repairing Rural Mobility In Japan - And Beyond

  • Category:Other
WE FORUM
 
 Outside its cities, Japan's public transport system is in decline.Rural mobility is crucial to quality of life for many Japanese, especially odler generations.A new set of principles for rural mobility reform can help decision-makers address this issues usefully.Japan’s public transit...

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Japanese Firms Not Well Prepared For Increasing Floods: Poll

  • Category:Other
JAPAN TODAY
 
TOKYO - Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing alternative supply sources, a Reuters poll found.
Japanese have long been conditio...

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Sumitomo Forestry Buys Into WA Housing Market

  • Category:Other
TIMBERBIZ
 
Sumitomo Forestry has entered into an agreement to acquire a 51% stake in Scott Park Group, a company that operates a custom-built housing business in Western Australia. The acquisition was made through its wholly owned Australian subsidiary, Sumitomo Forestry Australia Pty Ltd. Sourc...

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Foreign Treasury Pile Shrinks With China Further Trailing Japan

  • Category:Other
YAHOO FINANCE
 
 
(Bloomberg) -- The tally of U.S. government debt held by other countries continues to shrink, leaving Japan with a larger lead over China as the top foreign owner, according to the latest data from the Treasury Department.
While Japan’s holdings of U.S. notes, bills and bonds fe...

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Japan's Music Industry Rises Again In New 'Age Of Discovery'

  • Category:Other
NIKKEI ASIAN REVIEW
 
World's second-biggest market sees growth in live music and physical sales
TOKYO -- On a chilly evening last month, tens of thousands of people gathered at the Saitama Super Arena near Tokyo, one of Japan's biggest live music venues. People of all ages were thrilled to witne...

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Softbank-Funded Hotel Firm Oyo Lays Off 10% Of India Staff

  • Category:Other
JAPAN TODAY
 
MUMBAI - Indian hotel giant Oyo said Tuesday it is cutting 1,000 employees, or 10 percent of its local staff, as it battles multiple allegations including bribery and pressure from Japanese backer SoftBank to cut costs.
An Indian newspaper said 2,400 jobs would go in total and that ...

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Japanese Companies Prepare To Profit From Olympic Games

  • Category:Event
JAPAN TIMES
 
Businesses in Japan are gearing up to take the opportunity of the 2020 Olympics and Paralympics this summer to boost their presence and expand sales.
One factor that may be vital to making the events a success is combatting the sweltering heat. Amid fears of another scorching summer...

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