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Clothing Giant Uniqlo: Again The Face of Japan's Deflating Economy

  • Category:Shopping
JAPAN TODAY
 
TOKYO — When Japan’s cheap-and-cheerful clothing brand Uniqlo raised its prices in 2014, it was an endorsement of Prime Minister Shinzo Abe’s efforts to stimulate a lackluster economy: with confidence high, even purveyors of affordable jumpers became price setters.
But as Abe’s expa...

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Seven & i's 83-year-old CEO Quits After Board Rejects His Proposal

  • Category:Other
JAPAN TODAY
 
TOKYO — The veteran boss of retail group Seven & i Holdings Co Ltd, who pioneered 24-hour convenience stores in Japan four decades ago, said on Thursday that he is stepping down to take responsibility for a failed management reshuffle.
The patriarch’s sudden departure without a name...

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Marubeni Rookies Try Noh Business

  • Category:Other
THE JAPAN NEWS
 
This spring’s newly hired employees of a major Japanese trading house experienced a one-day training session for traditional noh at an authoritative stage in Japan on Wednesday.
The session was held by Marubeni Corp., aiming to have the freshmen who joined the company this month ...

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Japanese Convenience Stores Hot in China

  • Category:Shopping
THE JAPAN NEWS
 
BEIJING — Japanese-owned convenience store chains are stepping up efforts to expand their business operations in China, hoping to take advantage of an increase in the number of young middle-income Chinese, who have become important customers.
Currently, Japanese convenience store...

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910,000 New Recruits Start Work Across Japan

  • Category:Other
JAPAN TODAY
 
TOKYO — Hundreds of thousands of Japanese started their first day on the job Friday in an annual ritual born from the country’s fast-disappearing jobs-for-life work culture.
More than 500 recruits pumped their fists in the air and shouted “yacchae, Nissan” (“go for it, Nissan”) at t...

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Phone Carrier Price War Stifled

  • Category:Other
THE JAPAN NEWS
 
By Katsutoshi Samata / Yomiuri Shimbun Staff Writer
A directive issued by the communications ministry on Tuesday to two of the nation’s major mobile phone carriers over excessive discounts highlights the difficulty of encouraging the firms to rectify their business practices in a...

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IoT Revolution On Horizon For Business, Private Life

  • Category:Other
THE JAPAN NEWS
 
By Daisuke Ichikawa and Yu Komagata / Yomiuri Shimbun Staff Writers
The Internet of Things, or IoT (see below), which connects various objects through the Internet, will make family life more convenient and production in factories more efficient. This new market has brought busin...

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2 Years After Tax Hike, Buying Still Weak

  • Category:Driving
THE JAPAN NEWS
 
By Sachio Nikaido / Yomiuri Shimbun Staff Writer
Friday marked two years since the consumption tax rate was increased from 5 percent to 8 percent, and individual consumption remains in the doldrums as the prices of many daily items rise while shoppers maintain a frugal mindset.
A...

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Power Retail Market Opened for Competition

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Japan’s electricity retail business was fully liberalized on Friday, a landmark reform initiative to crack open an ¥8-trillion market that had been controlled by regional power monopolies for 65 years.
With the start of the new fiscal year, a total of 266 com...

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40 mil. Visitors Eyed by 2020

  • Category:Tourism
THE JAPAN NEWS
 
Jiji Press
TOKYO (Jiji Press) — The government said Wednesday it aims to double the annual number of foreign visitors to Japan to 40 million in 2020 from the current 20 million.
The new target was included in a vision compiled by a panel on tourism policy, chaired by Prime Minist...

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