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ANA, JAL may resume fuel surcharges

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Taking up herewith Japanese Business Trend News in last week by Media.
Business Trend at present in Japan will be read via these News.
Jul 26 Itochu eyes REIT Nippon Residential (Japan Times)
 Itochu Corp. is seeking to acquire a real estate investment trust under the wing of failed real estate fund operator Pacific Holdings Inc., sources said Saturday.
Jul 26 Consolidated insurer to be named NKSJ (Yomiuri)
 A holding company formed by the integration of major nonlife insurers Sompo Japan Insurance Inc. and Nipponkoa Insurance Co. will be named NKSJ Holdings Co., The Yomiuri Shimbun has learned.
Jul 25 On-off Sony-Sharp deal is on again (The Inquirer)
 The deal between Sony and Sharp, which last week looked like it was set to fail, has been finally negotiated. The deal will see Sony invest more than $1.1 billion in a liquid crystal display panel venture with Sharp. According to the Nikkei business daily, the joint venture has gone ahead thanks to some clever last minute negotiations, facilitated by a little judicious corporate banging together of heads.
Jul 25 Electric bicycles ride 'green' demand in Japan (Reuters)
 Riding the vogue for eco-conscious products, companies ranging from battery to tyre to motorcycle makers in Japan are looking to cultivate a market that beats even hybrid cars in green credentials: electric bicycles. Thanks to advances in rechargeable batteries, Yamaha's standard electric bikes have a range of 39 km, or 67 km using an optional mode that activates the motor only when desired.
Jul 25 MatsumotoKiyoshi drugstores to open more 24-hour outlets (Yomiuri)
 MatsumotoKiyoshi Holdings Co., the nation's largest drugstore chain operator, will begin operating about 20 outlets in the Tokyo metropolitan area around-the-clock within two years, adding to its Roppongi outlet in Minato Ward, the company announced.
Jul 24 Alico Japan admits leak of credit card info on 110,000 policy holders (AP)
 Major insurer Alico Japan may have accidentally leaked information on some 110,000 customers who pay their premiums by credit card, the company has revealed. The leaked information includes client's names, credit card numbers and expiry dates, and credit card companies have reported more than 1,000 illegal uses of credit cards connected to the incident.
Jul 24 JAL asks travel agents to pay more for intl tickets (Yomiuri)
 Japan Airlines has asked travel agencies to accept a de facto increase in wholesale prices for international airline tickets beginning this autumn, it was learned Wednesday. JAL is now implementing a corporate restructuring plan under government supervision, and this move is part of the company's efforts to improve its profitability by reviewing and reforming every aspect of its business operations.
Jul 24 Credit industry slow to protect customers from CreditMaster scam (Yomiuri)
 Recent cases in which people have been charged with online fraud for allegedly making purchases with illegally obtained credit card numbers have shed light on the lack of effective measures taken to frustrate the CreditMaster scam used in these incidents, even though the credit card industry was already aware of its existence. The industry is being urged to take steps to protect cardholders from the CreditMaster scam, in which credit card numbers can be deduced through simple manual calculations.
Jul 24 ANA, JAL may resume fuel surcharges (Japan Times)
 Japan's two major airlines may reinstate fuel surcharges on international flights in the October-December period in response to a rise in jet fuel prices. Japan Airlines Corp. and All Nippon Airways Co. scrapped fuel surcharges on international flights from July to September as fuel prices declined in the preceding benchmark period, a move seen as successful in spurring overseas trips during the summer holidays despite the recession.
Jul 23 Kirin aims to lead Asia with Suntory deal (AFP)
 Japanese drinks giant Kirin wants to seal a merger with smaller rival Suntory as soon as possible to create a top industry player in Asia, its president said in an interview published Thursday. The talks between Suntory and Kirin -- which were announced last week -- come as Japan's beverage companies look beyond their traditional markets for opportunities in the face of a recession and a shrinking population at home.
Jul 23 Fujitsu aims to double profit next year (Reuters)
 Fujitsu Ltd (6702.T), Japan's biggest IT services company, said on Thursday it aims to more than double its operating profit next year after restructuring its operations and expanding overseas revenues. Fujitsu, which is trying to catch up with bigger rivals IBM (IBM.N) and Hewlett-Packard (HPQ.N), aims to boost its operating profit to 200 billion yen ($2.1 billion) for the year ending March 2011, up from a forecast 80 billion yen this year.
Jul 23 Nissan develops new diesel exhaust system ahead of October's stricter emissions controls (Mainichi)
 Nissan Motor Co. is poised to cut platinum content in its exhaust emission control system for diesel vehicles by half in a new cost-cutting measure.
Jul 23 Open-top double-decker offers new bus tour option in Tokyo (AP)
 A bright red tour bus with an open, upper deck made its debut on Saturday taking holidaymakers to renowned sights in central Tokyo. Hinomaru Limousine Co., the operator of a fleet of three such double-deckers, thus became the second entrant into the regularly scheduled bus tour service in the capital, which has been monopolized by Hato Bus Co. for the past 60 years.
Jul 23 JR Tokai: Direct maglev route has most demand (Yomiuri)
 Central Japan Railway Co. on Tuesday released a projection indicating that of its proposed routes for the Chuo Shinkansen maglev train line between Tokyo and Nagoya, the most direct route would have the highest passenger demand. Two other routes that detour north of the Southern Japanese Alps, would have 7 to 9 percent less demand than the direct route passing through the mountain range, said JR Tokai, which plans to have the line up and running by 2025.
Jul 23 Japanese wine catching up to its competitors (Japan Times)
 Japanese connoisseurs have enjoyed imported wine for years, but some admirers are now focusing their attention on domestic varieties. While wines imported from France and other countries are still popular, wines produced in Japan have gained attention. Some top hotels are stocking them along with imports and department stores have sections dedicated to domestic wines.
Jul 22 Burger King woos McDonald's-dominated Japan with hot Angry Whopper (Los Angeles Times)
 The Angry Whopper is arriving in Japan, a nation where the competition over hamburgers is as sizzling hot as the new spicy offering from U.S. fast-food chain Burger King. To make sure people got the message, Burger King Corp. hosted an "angry shouting challenge" contest in downtown Tokyo Wednesday, in which passers-by were invited to scream their frustrations away.
Jul 22 Google Books leaves Japan in legal limbo (Japan Times)
 Google, through tieups with major universities and public libraries around the world, has already scanned more than 7 million books - including a sizable collection of in-copyright, Japanese-language books held at U.S. universities. But if Google had scanned copyrighted books in Japan without the authors' approval - as it did in the U.S. - it would be considered illegal, said Takanori Minamikawa, an official at the copyright division at the Cultural Affairs Agency.
Jul 22 Hawaii's only Japanese-language daily fights for survival (Japan Times)
 "Never let the Japanese voice go extinct" - that was the key message Paul Yempuku of the newspaper Hawaii Hochi wanted to convey to the Emperor and Empress when he met them during their recent stay in Hawaii. For nearly 100 years, Hawaii Hochi has been the voice of the Japanese-American community in the islands.
Jul 21 Sports retail industry emerges as frontrunner amid recession in Japan (Mainichi)
 While the global recession weighs heavily on Japan's retail industry, the sports retail industry has managed to weather the storm, with department stores spending millions of yen on renovations to attract a consumer base increasingly concerned with health issues.
Jul 21 New tours make Japan's typhoon season more accessible (globalsurfnews.com)
 The 2009 typhoon season is set to fire in South Japan, offering quality surfing conditions for those who know where to look. Few surfers from outside Japan have experienced the quality waves the typhoons create, but a new surf tour company is about to make it easier. Typhoon Surf Tours are about to lead a series of surf tours through South Japan this typhoon season. Besides helping non-Japanese speaking surfers find the best spots, they aim to provide a real adventure. Japan's typhoon season rolls around every year, delivering world class waves to the numerous reefs, river mouths, and points.
Jul 21 Nissan to build battery-manufacturing plants in U.K., Portugal (Bloomberg)
 Nissan Motor Co., Japan's third-largest automaker, said it will invest almost $700 million to build two plants in the U.K. and Portugal to produce lithium-ion batteries for electric cars. The U.K. factory, which will create as many as 350 jobs, will be located in Sunderland, northeast England, while several possible sites have been identified in Portugal.
Jul 21 Toyota to decide California-plant fate (Bloomberg)
 Toyota Motor Corp.'s North American chief said the company will decide "quite soon" the fate of a California manufacturing plant it operated as a joint venture with General Motors Corp. The decision will depend on possible aid from California lawmakers, labor contracts that expire in August and the plant's financial viability, Yoshimi Inaba told reporters today.
Jul 21 Sharp expects boost from solar energy (BusinessWeek)
 Sharp's solar business accounts for less than 7%, or $1.6 billion, of its $30 billion in annual revenues. This fiscal year, Macquarie Securities expects Sharp's solar division to swing to a profit of $52 million thanks to a 21% gain in revenues, to $2 billion. Next year revenues could be up another 40%. (Sharp's not just making panels for rooftops and utility projects: In June, it released a clamshell cell phone with a built-in solar panel.)
Jul 20 Discounts take a heavy toll on rail, ferry operators (Asahi)
 While rural highway toll discounts introduced in late March have sent road traffic soaring across the nation, operators of railway and ferry services are reeling from a corresponding drop in business. Amid moves to expand the discounts for the summer holiday season next month, trains and ferries are already reporting a drastic decline in passenger numbers.
Jul 20 Firm 'amassed record 10 bil. yen in illicit trades' (Yomiuri)
 Allin Co., a Sapporo-based investment-related company, is suspected to have illegally amassed record earnings of more than 10 billion yen through unregistered foreign exchange margin trading operations, according to sources. Allin is suspected to have accumulated the vast sum from about 20,000 members of an investment scheme nationwide by enticing them with monthly dividends of "between 30 percent and 40 percent," the sources said Saturday.
By J.S. on Jul 27, 2009



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