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SoftBank's Son Says WeWork Is His 'Next Alibaba'

  • Category:Other
NEWS ON JAPAN
 
Japan's SoftBank Group has agreed to invest an additional $1 billion in shared-office company WeWork, where SoftBank CEO Masayoshi Son sees the potential for a repeat of his lucrative bet on Alibaba Group Holding.
The funding comes in the form of convertible bonds, according to We...

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Will Japan’s Epic Tourism Boom Go Bust in the Coming Years?

  • Category:Tourism
TOKYO BUSINESS TODAY
 
As anyone who is even remotely paying attention is already well aware, Japan is a nation that is currently experiencing an unprecedented tourism boom. Since about 2013, the annual total number of foreign visitors has continued to smash the record set just the previous year....

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M&As By Japan Companies Top ¥20 tril. in 1st Half

  • Category:Other
THE JAPAN NEWS
 
Japanese companies have been increasingly engaged in mergers and acquisitions, with the total value of such deals exceeding ¥20 trillion in the first half of this year — the first time ever for the January-June period.
Backed by strong business performances and the nation’s ultra...

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Over 80% of Japan's Transport Operators Found to Have Breached Labor Rules

  • Category:Other
JAPAN TODAY
 
TOKYO - More than 80 percent of Japanese operators hiring truck, bus and taxi drivers supervised by authorities last year were found to have breached labor rules, with illegal overtime work accounting for more than half of those violations, according to a recently released governmen...

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Japan's Zozo, Using Measurement Taking Bodysuit

  • Category:Other
TOKYO BUSINESS TODAY
 
TOKYO (Reuters) - Japanese online fashion retailer Zozo said on Tuesday it was expanding its offer of made-to-measure clothes using polka dot bodysuits, which help customers upload their measurements.
Zozo, officially called Start Today Co Ltd <3092.T>, operates Japan's pop...

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Wage Growth in Japan Hits 21-year High, Possibly Signaling a Pickup in Household Spending

  • Category:Shopping
JAPAN TIMES
 
Household spending slid in June, but real wages rose at their fastest pace in more than 21 years thanks to higher summer bonuses, a sign that benefits of a prolonged economic recovery are broadening.
Household income also marked the fastest gain in three years on an increase in pay ...

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Ginza Sony Park Set to Open in Heart of Tokyo

  • Category:Park
THE JAPAN NEWS
 
In the central Ginza district of Tokyo, Sony Corp. will open a new urban park facility called Ginza Sony Park on Thursday. The park will provide various opportunities to entertain visitors from both Japan and abroad in the lead-up to the 2020 Tokyo Olympics and Paralympics.
The n...

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Toyota Posts Record Q1 Net Profit But Warns of U.S. Sanctions

  • Category:Other
JAPAN TODAY
 
TOKYO - Japanese car giant Toyota on Friday posted a record first-quarter net profit but warned that threatened U.S. sanctions on the auto sector could have a "very big" impact on earnings.
The firm added that ongoing trade frictions between the U.S. and China, as well as Washington...

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Already In Decline, Japan’s Pachinko Industry Now Braces for Gambling-Addiction Regulations

  • Category:Other
JAPAN TIMES
 
Like many pachinko parlors throughout Japan, Naomi Suzuki’s establishment on the outskirts of the city of Fukushima was once full of energy, with the din of bouncing steel balls and garish lights flashing to indicate winnings.
But business is quieter for her these days as her parlor...

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Nintendo’s Software Sales Help Bolster Profits in 2nd Quarter

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Bloomberg) — Nintendo Co. reported quarterly earnings that topped estimates, as higher software sales online made up for weaker shipments of the Switch console.
Operating profit was ¥30.5 billion in the June quarter, compared with analysts’ average projection for ¥25.6 bil...

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