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IMF Cuts Japan's 2024 Growth Estimate To 0.3%; Lowest Since Pandemic

  • Category:Tourism
JAPAN TODAY
 
The International Monetary Fund on Tuesday slashed its 2024 growth forecast for Japan to 0.3 percent, down 0.4 percentage point from its estimate three months ago, citing negative developments such as temporary auto supply disruptions.
The latest estimate in the IMF's World Economic...

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Tokyo Metro Surges 47.3% On Debut In Japan's Biggest IPO In 6 Years

  • Category:Other
KYODO NEWS
 
Tokyo Metro Co. made an impressive debut on the Tokyo stock market on Wednesday, briefly surging 47.3 percent above the offering price of 1,200 yen ($7.9) in Japan's biggest initial public offering in six years.
The IPO put Tokyo Metro's market capitalization at around 1.01 trillion ...

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Used Smartphone Sales To Hit Record High In Japan Amid Price Hikes

  • Category:Other
JAPAN TODAY
 
Sales of used smartphones in Japan are expected to hit an all-time high in fiscal 2024, as rising prices of new devices drive consumers toward more affordable options, a Tokyo-based research company said.
Sales of used smartphones are projected to climb 15.5 percent from the previou...

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Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market

  • Category:Other
JAPAN NEWS
 
Three major Japanese automobile manufacturers, Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co., have reached an agreement to promote collaboration on developing in-car software, The Yomiuri Shimbun has learned. They will consider standardizing specifications for functions of...

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Japan's 2024 New Rice Price Rises To 31-Year High After Summer Heat

  • Category:Other
JAPAN TODAY
 
The price of newly harvested rice has surged 48 percent from a year earlier to the highest level in 31 years, reflecting a shortage caused by extreme summer heat that reduced the previous season's harvest, the farm ministry's data showed Friday.
The average price of unpolished rice ...

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Japan's Core Inflation Rate Slows In September

  • Category:Other
JAPAN TODAY
 
Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday.
The core Consumer Price Index eased from 2.8 percent in August as the pace of increase in electricity and gas prices relented, the internal affa...

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Japan's Biggest Union Group Targets 5% Wage Hikes Next Year

  • Category:Other
 
REUTERS
 
Japan's largest labour union group said on Friday it will seek wage hikes of at least 5% in 2025, similar to this year's hefty increase, although economists doubt that another such bump is realistic.
The announcement by Rengo means debate about pay rises for next year will begin in ea...

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7-Eleven's Turnaround Plan Requires Heavy Lifting To Stop Couche-Tard's $47 Billion Takeover

  • Category:Other
JAPAN TODAY
 
Japan's Seven & i Holdings is betting it can boost value by hiving off underperforming businesses and focusing on mainstay 7-Eleven stores. The outcome of its strategy will determine whether it can outmaneuver a $47 billion Canadian takeover bid.
Much depends on the retailer's abili...

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Tokyo Metro’s IPO Could Drive Momentum In The Japanese Market As Chinese Listings Dry Up

  • Category:Other
CNBC
 
Key PointsTokyo Metro’s initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam.In Japan’s biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing it...

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Uniqlo Parent Company Reports Record Annual Earnings

  • Category:Other
JAPAN TODAY
 
Uniqlo's parent company Fast Retailing on Thursday announced "a record high performance in fiscal 2024" with domestic profits in Japan boosted by hot summer weather and a tourism boom.
The company also reported "significant increases in both revenue and profit" for international sto...

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