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Seven & I Adds Property Arm, Divests Stores In Overhaul

  • Category:Shopping
THE JAPAN NEWS
 
TOKYO (Bloomberg) — Seven & i Holdings Co. unveiled a restructuring plan to divest struggling departments stores and set up a real estate division, in a bid to focus on boosting profit at its core 7-Eleven business.
The new unit, to be created this fiscal year, will explore redev...

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Sony To Launch New Device To Operate Smartphones by Voice

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Sony Corp. said Thursday it will launch Xperia Ear, an earphone-shaped device that enables users to operate smartphones hands-free and verbally, on Nov. 18.
With the new accessory, users will be able to make phone calls and use messaging apps such as Line wit...

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Renault-Nissan Boss Says He Needs UK Brexit Guarantees

  • Category:Driving
JAPAN TODAY
 
PARIS — Renault-Nissan will need guarantees from the British government over the impact of Brexit on its business before committing to further investment in Nissan’s plant in the northeastern English city of Sunderland, the automaker’s boss says.
“If I need to make an investment in ...

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Brewer Asahi to Bid for SABMiller's East Europe Business

  • Category:Gourmet
JAPAN TODAY
 
TOKYO — Japan’s brewer Asahi Group plans to offer more than $4.87 billion for British SABMiller’s beer operations in five Eastern European countries, a report said Wednesday.
The Japanese brewer previously bought the Peroni, Grolsch and Meantime brands from the world’s top brewer An...

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Robot Developers See New Uses Beyond Factory Work

  • Category:Other
THE JAPAN NEWS
 
Domestic companies in various fields, including automakers, electronics makers and banks, are accelerating the development of robots in anticipation of growing demand for them to perform tasks outside of industrial purposes, such as being capable of having a conversation with peo...

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IMF Boosts Japan Growth Forecast, Warns Over Deflation

  • Category:Other
JAPAN TODAY
 
TOKYO — The International Monetary Fund Tuesday lifted its outlook for Japan’s economy this year and in 2017, pointing to huge government stimulus spending, but warned the country’s longer-term prospects were bleak.
The Washington-based IMF upgraded its growth projections for the wo...

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Weak Spending, Inflation Data Hit Japan Recovery Hopes

  • Category:Other
JAPAN TODAY
 
TOKYO — Spending among Japanese households tumbled last month and consumer prices fell again, data showed Friday, after the Bank of Japan announced it was overhauling a faltering bid to conquer deflation.
The disappointing data marked the latest red flag for the world’s number three...

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Exhibits Look To Cater To Rise in Foreign Visitors

  • Category:Tourism
THE JAPAN NEWS
 
As the number of foreign visitors to Japan reached a record high of 19.73 million in 2015, the number of foreign travelers visiting museums and art galleries is also on the rise. What should be done to help these visitors enjoy a range of exhibitions and deepen their understandin...

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Panel Warns Tokyo Olympics Price Tag Could Top ¥3 Trillion

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — The total costs for the 2020 Olympic and Paralympic Games in Tokyo would surpass ¥3 trillion if the present plans were to be implemented, a panel commissioned by the metropolitan government said Thursday.
To cut the costs, the panel proposed a drastic review ...

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Hitachi, Toshiba, MHI Seek to Merge Nuclear Fuel Units

  • Category:Other
THE JAPAN NEWS
 
 
Hitachi Ltd., Toshiba Corp. and Mitsubishi Heavy Industries Ltd. (MHI) have started talks on merging their nuclear fuel units, with the aim of reaching an agreement by the end of this year, it has been learned.
The most likely plan would be to establish a new holding company — ...

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