Sponsored Link


Bookmark and Share

Business News in Japan

Bookmark and Share
Pick up herewith Japanese Business News by Media.
Recent Business trend in Japan will be read via these News.
Many Medias including TV are reporting "Toyota Matter".
Interested in "McDonald's to close hundreds of outlets in Japan", "Toyota problems with recalls can lead to a new Japan", "In Toyota mess, lesson for Japan" and etc.
Feb 10 McDonald's to close hundreds of outlets in Japan (Daily Finance)
 McDonald's Corp. is closing 430 restaurants in Japan, the latest sign of the faltering economy in the Asian country. A 50% owned affiliate will shutter the locations over the next 12 to 18 months in conjunction with the strategic review of the company's real estate portfolio. The world's largest restaurant chain plans to take charges of $40 million to $50 million in the first half of the year. McDonald's Holdings Co. (Japan) has 3,700 stores. McDonald's also is opening 90 new restaurants and refurbishing 200 in Japan.
Feb 10 Toyota problems with recalls can lead to a new Japan (csmonitor.com)
 For the Japanese, the Toyota recalls have reinforced their worries about the long-term decline of Japan's leadership in making things for the world - especially innovative products, like the Prius. Yet, the Toyota problems could finally force all of "Japan Inc." to make the necessary shift to a new economic strategy - one that relies less on manufacturing and export giants like Toyota. Whether Japan likes it or not, that shift is already under way. The share of manufacturing in its economy has dropped from 28 percent to nearly 20 percent over the last two decades, which follows a similar decline in America.
Feb 10 Why beer firms' merger fell flat (Yomiuri)
 Prolonged merger talks between Kirin Holdings Co. and Suntory Holdings Ltd. broke up after the two sides failed to resolve an issue concerning shares held by Suntory's founding families. The two firms announced Monday they would terminate their business integration negotiations owing to differences in their corporate cultures. Suntory is an unlisted company that effectively is under the control of its founding families, whereas Kirin, which is listed on the First Section of Tokyo Stock Exchange, pays great attention to short-term profits and management transparency in consideration to its shareholders.
Feb 10 Sumitomo tries to foil KDDI bid for J:COM (Yomiuri)
 Sumitomo Corp. has entered the final phase for its launching of a takeover bid for Jupiter Telecommunications Co. (J:COM)--the nation's largest cable TV provider--in a bid to counter the planned public tender offer by KDDI Corp., according to sources. Sumitomo effectively holds a 27.7 percent stake in the cable giant, making it the second-largest shareholder. Sources said the company was planning to raise its stake to more than a third.
Feb 09 In Toyota mess, lesson for Japan (New York Times)
 Once a leading symbol of Japan's rise to global economic might, Toyota has become one of the most visible signs of its decline. And even before the recalls, Japan's rivals from South Korea and China had started overtaking Japan in key industries from semiconductors to flat-panel televisions. And Toyota on Tuesday issued another damaging recall, this time of its popular Prius hybrid.
Feb 09 100 mil. yen offered in successful bid for uninhabited island (AP)
 An unidentified organization won a contract to purchase a state-owned uninhabited islet in the Seto Inland Sea off Kure, Hiroshima Prefecture, for 100,010,000 yen (about $1.12 million) in public bidding Tuesday, bidding participants said. The island up for bids was one of two islets collectively called Mitsugo Island, located about 1 kilometer off Kure. It measures about 580 meters around and 7,600 square meters in acreage. The Finance Ministry held the bidding as part of efforts to sell idle state properties, ministry officials said.
Feb 09 Japan Airlines rejects Delta, stays with American (CNBC)
 Japan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, is spurning the world's biggest carrier and opting to keep its alliance with American Airlines. Japan's flagship carrier says it will strengthen its partnership with American and apply to the U.S. government for antitrust immunity on trans-Pacific flights.
Feb 09 Govt looks to block ban on trade in bluefin tuna (Yomiuri)
 The government is increasingly concerned about a recommendation issued by the Washington Convention's secretariat Friday that urged the treaty's signatories to adopt a proposal by Monaco to ban trade in bluefin tuna in the Atlantic, according to sources. Japan is the world's largest consumer of bluefin tuna and is set to boost diplomatic efforts to urge signatories to the treaty, formally called the Convention on International Trade in Endangered Species of Wild Fauna and Flora, to reject the proposal at the March 13-25 meeting in Qatar, the sources said.
Feb 09 Deregulation crucial to JAL resuscitation (Yomiuri)
 Deregulation of the airline industry will be crucial for getting Japan Airlines back on its feet, but the nation should be prepared to accept the ailing airline could be sold to a local rival, according to a former deputy chief of a task force appointed by the government to draw up a plan to rehabilitate the airline. In a recent interview with The Yomiuri Shimbun, Kazuhiko Toyama, who has played a key role in the attempt to revive JAL, also said the clock is against the carrier as it tries to streamline itself under the state-backed Enterprise Turnaround Initiative Corporation of Japan.
Feb 08 Japan's Kirin terminates merger talks with Suntory (AFP)
 Japanese beer and soft drink giant Kirin said on Monday it had terminated months-long merger talks with its smaller rival Suntory that had aimed to create a top industry player in Asia. "Kirin Holdings Company Limited, which has been in merger negotiations with Suntory Holdings Limited, today announced that the negotiations have been terminated," Kirin said, citing disagreement on whether to list the company. A combined group would have been be the largest in the Japanese beer and soft drink markets with sales of more than 400 billion dollars -- ahead of Belgium-based Anheuser-Busch InBev and Coca-Cola Co. of the United States.
Feb 08 As Japanese property prices fall, interest rises among Chinese investors (Asahi)
 Japan's real estate market may be in a slump, but that's not deterring Chinese from scooping up properties. Chinese money--that is from Chinese living in Japan--is making its presence felt in a big way. Businessman Tsuyoshi Tsuyusaki is typical of this new breed of customer. His mantra for all his transactions is to use cash, often involving sums of tens of millions of yen. He picks up properties cheaply, mainly at court-ordered auctions following foreclosure.
Feb 07 Japanese ask: Is US backlash behind Toyota woes? (BusinessWeek)
 Despite the criticism of Toyota over car safety, Japanese citizens still largely view the world's largest automaker with pride -- so much so that some people here wonder whether pressure on Toyota in the U.S. is a ploy to boost American auto producers and undermine Japan Inc. That notion may seem far-fetched to the millions of Toyota owners in the United States and around the world whose confidence in the company has made it the world leader -- and are now simply worried about the safety of their cars.
Feb 06 Disney Japan to acquire Oriental Land's Disney stores (Bloomberg)
 Walt Disney Co. (Japan) Ltd. agreed to acquire Retail Networks Co., operator of Disney retail stores in Japan, from Oriental Land Co. The stores will become a wholly owned subsidiary on April 1, Tokyo-based Disney Japan said today in an e-mailed statement. Financial terms and the number of stores weren't disclosed. Disney and Oriental Land, operator of Disneyland Tokyo, had been in talks since last year, according to the statement. The parent Walt Disney Co., based in Burbank, California, previously regained control of 220 retail outlets in North America and 120 in Europe, and plans to modernize the stores.
Feb 06 A crisis made in Japan (Wall Street Journal)
 In Japan there is a proverb, "If it stinks, put a lid on it." Alas, this seems to have been Toyota's approach to its burgeoning safety crisis, initially denying, minimizing and mitigating the problems involving brakes that don't brake and accelerators that have a mind of their own. President Akio Toyoda, grandson of the founder, was MIA for two weeks and the company has appeared less than forthcoming about critical safety issues, risking the trust of its customers world-wide.
Feb 06 Isetan Mitsukoshi to close Paris store (Japan Times)
 Mitsukoshi department store's Paris outlet will close in September due to sluggish sales amid the global economic downturn, according to Isetan Mitsukoshi Holdings Ltd. Meanwhile, the company said Thursday it plans to open its second Isetan outlet in Tianjin, China, sometime between the end of this year and spring 2011, reflecting the company's plan to expand business in China, where solid economic growth is expected in the future.
Feb 05 Toyota poised to recall Prius in Japan, U.S. (Yomiuri)
 Toyota Motor Corp. is set to formally announce it will recall and voluntarily repair a new model of its Prius hybrid with brake design flaws in Japan and the United States, it was learned Friday. The automaker is currently finalizing procedures for such a recall. Toyota has sold about 300,000 units of the latest Prius in 60 countries and territories. It also is expected to gradually begin voluntary repairs of those cars in countries and territories outside Japan and the United States.
Feb 05 Valentine's chocolate defies recession (Japan Times)
 As many businesses continue to shake their heads over how tough it is to make sales in these financially difficult times, "cheaper is better" is the strategy of the day, with shops slicing prices for everything from "gyudon" (beef on rice) to jeans. But one thing consumers - especially female ones - will loosen their purse strings for are those little drops of heaven that are sure to melt their darlings' hearts come Feb. 14, say chocolate retailers, whose customer-oriented strategies have seen both luxury brands and affordable sweets fly off the shelves at equal speed.
By J.S. on Feb 10, 2010



Sponsored Link
Latest Articles
Sponsored Link
Sponsored Link
Monthly Archives
Link List
Online Counter
News Site Link