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Coffee Market Brews Growth as Supply Hits Record High

  • Category:Gourmet
THE JAPAN NEWS
 
The domestic coffee market is growing steadily and does not look like it will be grinding to a halt anytime soon.
Despite Japan’s shrinking population, the volume of coffee consumed at homes and major chain stores has reached a new high for the third straight year through 2015, a...

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Iconic Instant Cup Noodle Restaurant on Shibuya Station Platform Closes

  • Category:Gourmet
JAPAN TODAY
 
TOKYO — If you’ve ever stepped off the Yamanote train line at Shibuya Station in Tokyo, chances are you’ve walked past a small restaurant on the platform styled like a traditional Japanese eatery, complete with a faux tiled roof, lanterns, and a large noren curtain over the entrance...

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Amazon Japan Offices Raided in Antitrust Case

  • Category:Shopping
JAPAN TODAY
 
TOKYO — Japan’s fair trade watchdog raided the offices of Amazon Japan over allegations that it improperly pressured retailers that sold products on its site, local media said Monday.
The Japanese unit of the U.S.-based internet retailer forced conditions such as requiring retailers...

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World Bank Suffering 'Leadership Crisis,' Staff Say

  • Category:Other
JAPAN TODAY
 
WASHINGTON — Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a “crisis of leadership” and risked irrelevance on the world stage.
The rebuke, made in an open letter from the Bank’s staff association, came as inform...

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Idemitsu Founding Family Buys Showa Shell Shares to Block Merger

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — A member of the founding family of major oil wholesaler Idemitsu Kosan Co. has bought shares in industry peer Showa Shell Sekiyu K.K. in an attempt to block the two firms’ planned merger.
Shosuke Idemitsu, honorary chairman of Idemitsu Kosan, purchased about ...

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Trial Starts For Short-distance Taxi Trips

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press)— Japan’s transport ministry started a demonstration trial for short-distance taxi trips in Tokyo on Friday, looking to gauge demand for rides at a reduced minimum fare.
In the trial, the starting fare is set at ¥410 for about one kilometer, down from the curren...

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Fuji Heavy Unveils New Impreza Sedan/Hatchback

  • Category:Driving
JAPAN TODAY
 
TOKYO — Fuji Heavy Industries has unveiled the new Impreza which will go on sale in the fall. The company applied the newly-developed “SGP (Subaru Global Platform)” to the new Impreza to improve stability and collision safety.
Also, to further enhance safety, Fuji Heavy employed (1)...

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Honda Profit Dented Even as Airbag Crisis Impact Fades

  • Category:Driving
JAPAN TODAY
 
TOKYO — Honda on Tuesday said quarterly net profit slipped from a year ago, despite the fading impact of an exploding airbag crisis at supplier Takata.
The Japanese automaker blamed an income tax increase for its net profit in the April-June quarter slipping 6.1 percent to 174.6 bil...

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Toyota's Q1 Profit Dented by Yen Rally, North American Sales Drop

  • Category:Other
JAPAN TODAY
 
TOKYO — Toyota on Thursday posted a nearly 15 percent drop in its April-June net profit, hit by a sharp rally in the yen and falling North American vehicle sales.
The world’s biggest automaker also trimmed its full-year profit and sales forecasts, underscoring the negative impact th...

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Helicopter Money Talk Takes Flight as BOJ Runs Out of Room

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Reuters) — The Bank of Japan’s review of its monetary stimulus program promised for September has revived expectations it could adopt some form of “helicopter money,” printing money for government spending to spur inflation.
The BOJ disappointed market hopes on Friday that...

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