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Yodobashi to Buy Land of Seibu Ikebukuro Department Store

  • Category:Other
JAPAN NEWS
 
Japanese electronics retailer Yodobashi Holdings Co. plans to buy the land of department store chain Sogo & Seibu Co.’s Seibu Ikebukuro store in Tokyo for some ¥300 billion, people familiar with the matter said Thursday.
Yodobashi will purchase the land from U.S. private equity firm ...

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First Strike In Six Decades Closes Famous Japanese Department Store

  • Category:Other
JAPAN TODAY
 
The shutters were down on one of Japan's best-known department stores on Thursday in the sector's first strike for six decades, sparked by fears that its mooted new U.S. owner will slash jobs.
The Seibu in Tokyo's Ikebukuro district attracts around 70 million visitors a year to its ...

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Average Gas Price in Japan Climbs to Record High; Pump Price Up for 15th Week in a Row

  • Category:Driving
JAPAN NEWS
 
Retail prices for regular gasoline in Japan averaged ¥185.6 per liter as of Monday, up ¥1.9 from a week before and the highest price since weekly statistics were first kept in August 1990, the Natural Resources and Energy Agency announced Wednesday.
The price rose amid the high price...

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Google’s AI Search Service SGE Available in Japan on Trial Basis

  • Category:Other
JAPAN NEWS
 
Google’s generative artificial intelligence search engine arrived Wednesday in Japan on a trial basis.
Introduced in the United States in May, the U.S. big tech company made Japan the second nation to have access to Search Generative Experience (SGE).
This February, U.S. tech giant M...

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Toyota Will Resume Production In Japan Wednesday After System Malfunction

  • Category:Other
CNN
 
Toyota will resume operations at its Japanese assembly plants Wednesday after a 24-hour stoppage caused by disruption to its finely-tuned supply chain.
The world’s biggest automaker by sales said that its 14 vehicle factories in the country had paused activity Tuesday because a system malfu...

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Japan Regulator To Monitor Potential BOJ Impact On Regional Banks

  • Category:Other
CNA
 
Japan's financial regulator will closely monitor how central bank policy impacts regional banks, as the world's third-largest economy approaches the normalisation of its monetary settings after years of massive easing.
The Financial Services Agency (FSA) "will monitor how potential changes ...

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Japan Has Better Chance Of Seeing End To Deflation, Government Says

  • Category:Other
JAPAN TIMES
 
Amid recent strong wage growth and broadening price hikes, Japan stands a better chance of finally breaking with the deflation that has "shackled" the nation for a quarter of a century, the government said Tuesday in its annual economic and fiscal policy report.
The government has y...

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Toyota Halts All Japan Assembly Plants Due To Glitch

  • Category:Other
BBC
 
Japanese motor industry giant Toyota has suspended operations at all of its assembly plants in its home country due to a glitch in its production system.
The move has brought domestic production at the world's biggest-selling car maker to a standstill.
The malfunction has meant the firm has...

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Japanese Restaurants In Hong Kong Expect Dip In Business With Import Ban On Seafood From Japan

  • Category:Other
CNN
 
One observer believes the supply shortage, however, will not lead to a spike in prices.
Some Japanese restaurants in Hong Kong are expecting a 30 per cent dip in business, after the city's import controls on seafood from 10 Japanese prefectures kicked in on Thursday (Aug 24). 
This comes as...

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Seibu Department Store in Tokyo May Face Strike from Thursday

  • Category:Other
JAPAN NEWS
 
The labor union of Sogo & Seibu Co. is considering staging a strike at the company’s flagship Seibu Ikebukuro department store in Tokyo’s Toshima Ward as early as Thursday, it was learned Friday.
With the strike, the union hopes to request Sogo & Seibu to continue department store op...

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