BUSINESS – 6

Jun 27
Japanese hotel chain Prince Hotels Inc said Tuesday it found about 125,000 items of customer information such as names and credit card numbers have been stolen and leaked. (Japan Today)
Jun 26
Police and officials from the city of Kyoto on Monday agreed to increase the crackdown on illegal private lodging facilities just 10 days after a new national law restricting their operation took effect. (Japan Times)
Jun 24
Police have arrested the president of a bankrupt rental kimono firm for allegedly swindling hundreds of thousands of dollars in bank loans. (NHK)
Jun 24
As Airbnb home-sharers in Japan quit the market in droves, following a new law that considerably increases red tape, their search for a smooth exit has brought a surge in new businesses. (Nikkei)
Jun 24
Things may be looking up for creditors of Mt. Gox, which was the world’s biggest bitcoin exchange before going in flames after saying thousands of bitcoins had disappeared. (Japan Times)

Jun 23
Japan's Financial Services Agency on Friday slapped a business improvement order on bitFlyer Inc., the country's largest cryptocurrency exchange operator, citing flaws in its measures against money laundering and its internal control system. (Jiji)
Jun 23
Japan's antitrust watchdog will soon conclude that four-year installment payment plans for smartphones offered by major phone carriers in the country is legally problematic, sources close to the matter said Friday. (Japan Today)
Jun 22
Japan's fleet of internet-connected trucks is expected to grow by 150% to more than 500,000 in 2020 as commercial vehicle makers cater to a logistics industry suffering from a driver shortage, corporate plans show. (Nikkei)
Jun 21
Japanese paper manufacturers were expecting a shrinking market due to the declining population but are expanding output instead due to an unexpected boost -- a surge in foreign tourists pushing up demand, inevitably, for toilet paper. (Japan Today)
Jun 20
Following Mercari's blockbuster stock market debut Tuesday, Japan's lineup of unlisted startups valued above $1 billion has shrunk to basically two, underscoring the domestic tech industry's persistent failure to cultivate unicorns. (Nikkei)

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