BUSINESS – 4

May 17
The messaging app giant Line Corp. said Thursday it will launch a ¥30 billion reward campaign next week to increase usage of its Line Pay service as the cashless war heats up among tech firms in Japan. (Japan Times)
May 15
Fast Retailing Co. said hackers may have gained access to the personal information of about half a million users of its Uniqlo and GU brand e-commerce portals. (Japan Times)
May 15
The communications ministry plans to create some 10 billion 14-digit phone numbers starting with “020” for assignment. (Japan Times)
May 15
Nissan Motor will reverse the bullish expansion strategy led by former chairman Carlos Ghosn in pursuit of more moderate growth after its worst earnings performance in more than a decade. (Nikkei)
May 15
Tokyo Prosecutors have added allegations related to another inappropriate fund transfer to the indictment of former Nissan Motor chairman Carlos Ghosn. (NHK)

May 14
Japan's largest online fashion retailer, Zozo, plans to raise part-time workers' wages by up to 30 percent to cope with a labor shortage. (NHK)
May 11
Japan's Finance Ministry says the nation's debt has exceeded 10 trillion dollars, hitting a record high for a third straight year. (NHK)
May 11
The Diet enacted a legal revision Friday aimed at lowering mobile phone fees and spurring competition in the country's saturated telecom market. (Japan Today)
May 11
Japan's government is to issue commemorative coins to mark the enthronement of Emperor Naruhito. (NHK)
May 07
Investment by Japanese companies in domestic startups has swelled by more than eight times over the past five years, topping the amount raised through initial public offerings in fiscal 2018, as big businesses scramble to tap fresh sources of innovation. (Nikkei)

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