Golden Week starts with food fight among delivery rivals
Nikkei -- Apr 30
Food delivery companies are offering steep discounts during Japan's Golden Week holiday, as they fight for a slice an industry that is growing rapidly, partly due to the new coronavirus outbreak.

Chinese ride-hailing giant Didi Chuxing, which quietly launched a food delivery service in Osaka in early April, plans to make a splash with 50% discounts on orders from Wednesday through May 6. A person close to the company said it would launch the campaign having partnerships with about 1,500 restaurants, far more than when Uber Eats, the food delivery arm of U.S. rival Uber Technologies, launched in Japan in 2016 with a few hundred restaurants.

Demae-can, the Japanese leader, meanwhile, has partnered with at least four local governments, as well as Tokyo's Shibuya district, to subsidize part of the cost of deliveries. At a news conference in Kobe last week, Rie Nakamura, Demae-can's president, said she hopes the campaign will create "an opportunity for restaurants to make delivery another pillar of their business."

Japan's $133 billion restaurant industry has been largely separate from the food delivery business: Only about 5% of restaurants have their own delivery fleets.

That has until recently left the country without a major player like Uber in the U.S., Meituan-Dianping in China or Baedal Minjok in South Korea. But the coronavirus outbreak may be a game-changer, as citizens are asked to stay home until May 6 under the Japanese government's nationwide state of emergency. Demae-can has seen orders jump 21% from a year from a year earlier in March.

News source: Nikkei
Jul 09
Struggling businesses and other clients have left Japanese banks with record outstanding loans for a third straight month. (NHK)
Jul 09
Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. (Japan Today)
Jul 08
Torrential rains in southwestern Japan forced more plants to close Tuesday as floodwaters poured into factories, knocked out power and threatened to cover roads. (Nikkei)
Jul 08
Japan's labor ministry says over 32,000 workers have been discharged by their employers or faced contract nonrenewal amid the coronavirus pandemic. (NHK)
Jul 08
Whenever people want to sell their car for any reason, they wish to go through the process of selling as smoothly as possible. During this marketing process of their car, people make common mistakes again and again that costs them in the low-profit margin. Enlisted below are 5 common mistakes done by the people in selling their vehicle. (newsonjapan.com)
Jul 07
Japanese automakers are moving beyond the plant shutdowns stemming from the coronavirus. They've brought most of their overseas facilities back online as they gear up for recovering demand. (NHK)
Jul 05
Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned. (Nikkei)
Jul 05
A long-time plan to develop Tokyo as a major international financial center is getting a new twist -- prompting skeptics to reassess their views. (Nikkei)
Jul 04
Business sentiment improved for the first time in nine months in June, thanks to the resumption of economic activity nationwide, credit research company Teikoku Databank Ltd. said Friday. (Japan Times)
Jul 04
A Turkish judge on Friday released pending trial the four pilots and an aviation company manager accused of aiding former Nissan Motor Chairman Carlos Ghosn's escape from criminal custody in Japan. (Nikkei)