Convenience stores roll out own cashless services
NHK -- Jul 02
Two of Japan's major convenience store chains have introduced their own cashless payment services, as competition in the field has been heating up.

Seven-Eleven Japan and Familymart launched their own smartphone payment systems on Monday.

Seven-Eleven customers can pay using an app at stores nationwide. They can also deposit money at the stores and settle payments through credit cards.

The company hopes the system will help it gather customer purchase data, as it looks to distribute coupons and develop new products.

"The service will bring more convenience to customers, while reducing cashier work at short-handed franchise stores," Fumihiko Nagamatsu, President of Seven-Eleven Japan, said.

Familymart has launched a campaign as it tries to attract customers for the service. The company says it will refund up to 15 percent of the money users deposit for the first month, with an upper limit of about 28 dollars.

News source: NHK
Jul 17
Over two weeks of cloudy and rainy days in Tokyo and nearby areas has resulted in higher vegetable prices and sluggish sales of summer clothing. (Japan Times)
Jul 17
U.S. investment firm Blackstone Group will spend over 100 billion yen ($926 million) to buy distribution centers in Japan, seeing room for growth in the country's relatively small e-commerce market, Nikkei has learned. (Nikkei)
Jul 15
Japan's 100-yen shops are stepping up store openings as they continue to gain ground among thrifty consumers, with supermarkets and drugstores seeking them out as tenants to draw customers, shifting the dynamic in the nation's retail landscape. (Nikkei)
Jul 13
Japanese cryptocurrency exchange operator Bitpoint has lost 3.5 billion yen ($32 million) in a hacking attack, parent company Remixpoint announced on Friday. (Nikkei)
Jul 12
Japan's national mint has begun making the first coins featuring the new era name Reiwa. (NHK)
Jul 12
Seoul has pointed to its interceptions of illegally exported sensitive materials to discredit Japan's claim that South Korea lacks a proper monitoring regime, prompting an immediate rebuttal from Tokyo, as bilateral relations appear to plumb another low. (Nikkei)
Jul 10
South Korea has criticized Japan at a meeting of the World Trade Organization over Tokyo's tighter export requirements for some high-tech materials. (NHK)
Jul 10
Japan's three biggest online brokerages are in a race to lower trading fees, opting to eliminate minimum charges levied on U.S. stock trades. (Nikkei)
Jul 09
Budget restaurant chains in Japan that are struggling with sluggish sales are wondering: Where are all the "wandering salarymen"? (Nikkei)
Jul 09
When it comes to Search Engine Optimization (SEO), link-building remains as one of the most powerful tools every brand should capitalize on. However, gaining the best link-building experience is no overnight success. Tactics that deliver long-term results are always contingent on having a well-crafted, step-by-step plan that is both concrete and measurable. (newsonjapan.com)