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Toyoda issues 'regrets' over fatal Lexus crash

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Taking up herewith Japanese Business Trend News by Media in last week.
Recent Business Trend in Japan will be read via these News.

Oct 03 7-Eleven franchisees get a taste of Japan (BusinessWeek)
 Domo, the brown lump that is the mascot of Japan's giant public television and radio broadcasting organization NHK, is about to invade the United States. 7-Eleven, the Dallas-based subsidiary of the world's largest franchise chain, Japan's Seven and I Holdings Co., is featuring Japan's Domo on cups and Slurpee straws. The chain will also put Domo and his friends on hot dog holders and coffee cups. To reach the even younger coffee drinkers, 7-Eleven is offering coffee in a special brown Domo cup for just 99 cents.
Oct 03 Toyoda issues 'regrets' over fatal Lexus crash (Japan Times)
 Toyota's president said it was "extremely regrettable" an American family died in a crash in which a floor mat in one of the automaker's vehicles is suspected as the cause. Without giving specifics, Akio Toyoda said an investigation is under way into the problem, which may cause the accelerator to get stuck and could potentially affect 3.8 million Toyota vehicles in the United States.
Oct 03 Uniqlo flagship opens after face-lift (Japan Times)
 Fast Retailing Co. took the wraps off its newly renovated Uniqlo store in Tokyo's Ginza district Friday, a day after opening its overseas flagship store in Paris, as the casual clothing retailer pushes ahead with large outlets to boost sales. The new stores in Tokyo and Paris are part of Fast Retailing's effort to enhance its megastores by offering a wide range of products in a fiercely competitive market, company officials said.
Oct 02 Uniqlo Sept same-store sales surge 31.6 pct (Reuters)
 Japan's Fast Retailing (9983.T) said on Friday that same-store sales at its Uniqlo casual-clothing chain in Japan jumped 31.6 percent from a year earlier in September, marking the biggest monthly gain in 10 months. The fashion retailer's strong sales came amid prolonged weak consumer spending, which has hit department stores and supermarkets.
Oct 02 Japan's first passenger jet lands big order (AFP)
 An ambitious project to build Japan's first ever passenger jet received a huge boost on Friday, landing a 100-plane order worth up to 40 billion dollars from a US regional airline. The state-backed Mitsubishi Regional Jet (MRJ) is expected to take to the skies in 2014, carrying Japan's hopes of developing a full-fledged civil aviation industry with it.
Oct 02 Citigroup closes $8.7B sale of Japanese brokerage (AP)
 Citigroup Inc. has completed the sale of its Japanese brokerage to Sumitomo Mitsui Banking Corp. in a $8.7 billion deal that advances the U.S. bank's efforts to restructure after big losses on risky investments. The cash and debt transaction, valued at 776 billion yen ($8.7 billion), involves 7,800 employees through the sale of Nikko Securities Inc. and parts of Nikko Citigroup's Japan operations. The new entity is named Nikko Cordial Securities Inc.
Oct 02 Refreshed Honda CR-Z to debut at Tokyo Motor Show (wired.com)
 Honda has offered a sneak preview of the CR-Z hybrid, which is debuting amongst a slew of alt-fuel concepts at the 41st annual Tokyo Motor Show. We've been teased by CR-Z concepts for almost two years, but these images give us the best idea of the car that might go on sale in Japan as soon as February of 2010. The latest CR-Z is a bit tamer than the last concept we showed you - those LED-adorned fenders would never survive a supermarket curb, and the integrated exhaust was most likely cost-prohibitive - but still a worthy spiritual successor to the legendary CRX.
Oct 02 Japan faces pressure to stop importing polar bear products (Japan Times)
 Japan is considered the world's No. 1 importer of polar bear products, with items such as furs and rugs widely sold on the Internet. But with the bears at risk due to climate change and the U.S. government making moves to protect them, Japan could become a target of criticism for its lax policy.
Oct 01 Magazine gives moms fashion tips (Japan Times)
 A woman with her hair dyed bright brown and wearing fake eyelashes and dark eyeliner is pictured on the cover of I LOVE mama, a monthly magazine targeting young mothers who want to keep up with the latest fashion trends. Its popularity has risen since the first issue was published this spring by Inforest Co. in Tokyo. Its circulation now stands at about 200,000 copies.
Oct 01 Cartier drops prices to woo young (Japan Times)
 Prestigious French jewelry brand Cartier plans to launch a new collection of luxury items in Japan in November priced much lower than its conventional high-end goods to woo new and younger customers, the company's new president of Japanese operations said. Cartier officials said some of the watches in the new lineup will be priced between ¥200,000 to ¥300,000, whereas its conventional high-end watches cost from ¥500,000 to ¥900,000.
Sep 30 Japanese banks set to cut yakuza out of financial system (Mainichi)
 The Japanese Bankers Association has resolved to deny new accounts to mobsters, yakuza-related companies and extortionists. The new resolution, to be implemented by 187 of the association's member banks, is designed to clamp down on money laundering, freezing out capital gained through illegal means and strike a blow against antisocial forces.
Sep 30 My hot underwear is about to take Paris by storm (Sydney Morning Herald)
 Like McDonald's and budget airlines, cost-conscious clothing outfits are thriving. There's fast food and there's Fast Retailing, the company that Japan's wealthiest man founded and is increasingly taking global. It's a dynamic that Japan needs more of. Cheap chic is in, and Yanai's Uniqlo brand is popping up around the globe. Next stop: Paris, where Uniqlo is opening a flagship store on Rue Scribe.
Sep 30 Global slump hits Tokyo Motor Show (Japan Times)
 The shock waves from the global economic crisis have reached this year's Tokyo Motor Show. The Japan Automobile Manufacturers Association said Tuesday that only two foreign automakers will participate in the 41st version of the exhibition, which starts Oct. 23, down from 26 at the previous show in 2007.
Sep 29 Top-level domains to make Japanese script debut (Yomiuri)
 Businesses and other organizations likely will be able to use Web site domain suffixes such as ".nihon" written in Japanese script for the first time next year, it has been learned. Internet-related industry groups and other bodies have established a council for such Japanese language top-level domains. The council will act as an intermediary for domain applications between domestic companies and other organizations and a U.S.-based private body that administers domains across the world.
Sep 29 Magazine closures leaving cultural void (Yomiuri)
 Magazines are not selling as well as they did in the past. In the first half of this year, 119 magazines discontinued publication--the largest number on record, according to the Research Institute of Publications. Gendai weekly magazine was succeeded by G2 magazine, but Shokun!, Esquire Japan, Studio Voice and other titles have disappeared in quick succession. There are many causes of this phenomenon: a decrease in advertising due to the recession; a shift to online publications; and an aging readership.
Sep 29 The man who delivered pizza to Japan (Japan Times)
 Earnest Higa's life is all about being bicultural in Japan and the United States. He has used this aspect of his character in his career, spending the past 24 years making sure U.S.-based Domino Pizza fits in Japan. He launched Domino Pizza in Japan in 1985, the first pizza delivery business in the nation. He says Domino would not have been the success it is now without his understanding of both Japanese and American culture.
Sep 29 Tourist numbers keep dropping (Japan Times)
 The number of foreign visitors to Japan fell in August for the 13th straight year-on-year decrease, but the rate of decline slowed, an estimate by the Japan National Tourist Organization showed Monday. The estimate indicates there were 680,000 visitors to Japan in August, down 8.4 percent from a year earlier. Over the previous nine months through July, the fall was greater than 10 percent.
Sep 28 Police target unscrupulous health food sellers (Asahi)
 Health food sales companies that claim their products have medicinal benefits are breaking the law, and police have put them on notice that violations will not be tolerated. As health foods fall under an entirely different official classification than medicines, it is illegal to advertise them using such claims.
Sep 28 World's poor emerging as newest market (Yomiuri)
 An increasing number of Japanese companies have begun to target the bottom of the pyramid (BOP), the world's poorest socioeconomic group, aiming to eradicate poverty and improve sanitary conditions in developing countries--and reap a profit. In August, the Economy, Trade and Industry Ministry set up a study team of intellectuals and businesspeople to coordinate cooperative research efforts among private companies and international organizations, and implement the resulting ideas into real projects.
Sep 28 Japan minister says JAL wont be liquidated (The Age)
 Japan's transport minister says he will not force the struggling Japan Airlines, Asia's biggest airline, into bankruptcy. "We will not crush and liquidate (the airline)," Land, Infrastructure and Transport Minister Seiji Maehara said on a TV Asahi talk show on Sunday. "It's just impossible."
Sep 27 Wine prices plunge amid downturn (Yomiuri)
 Supermarkets, department stores and restaurants are increasingly stocking top-class wines at prices that are unlikely leave consumers with a hangover. The fall in prices of high-end wine has stemmed from reduced demand amid the global economic downturn and a strong yen pitched against a weak euro. Wholesale buyers also are tending to import more wines directly from producers.
Sep 27 Locally planned tours gain popularity (Yomiuri)
 An increasing number of travelers are enjoying small trips planned by regional organizations and companies, journeys that take them off the beaten path to find experiences and interactions unique to those regions. Such trips became possible when the enforcement regulations for the Travel Agency Law were revised in May 2007 to allow small and midsize travel companies to conduct package tours within their local areas. Conventional trips are planned by travel companies in their customers' place of departure, primarily in metropolitan areas.
By J.S. on Oct 7, 2009



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