Business | Page 4
KDDI to compensate affected users for disruptions
NHK - Jul 23
Major Japanese mobile carrier KDDI has decided to pay compensation to millions of users affected by nationwide network disruptions earlier this month. It took 86 hours to fully restore services.
Japanese insurer launches cover for elderly who die alone
insurancebusinessmag.com - Jul 23
Japanese insurer Tokio Marine is now selling a policy that will cover costs incurred when elderly people die alone with no relatives located.
Japan’s inflation stays above central bank target for 3rd month
Al Jazeera - Jul 22
Japan’s core consumer inflation remained above the central bank’s 2 percent target for a third straight month in June, as the economy faced pressure from high global raw material prices that have pushed up the cost of the country’s imports.
China's BYD launches 3 electric car models in Japan
Nikkei - Jul 21
Chinese auto giant BYD said on Thursday that it will start selling electric vehicles in Japan from 2023, hoping that demand will grow in a country where the shift toward greener cars has been slow.
Japan's H.I.S. considers selling resort Huis Ten Bosch
Nikkei - Jul 21
Japanese travel agency H.I.S. is making arrangements to sell its stake in Huis Ten Bosch, a well-known resort in the Nagasaki Prefecture city of Sasebo, Nikkei has learned. The company is considering a Hong Kong investment company as a possible buyer along with others, sources close to the situation say.
Japan posts record half-year trade deficit
NHK - Jul 21
Japan's trade deficit rose to a record in the first six months of the year.
Bank of Japan raises inflation forecast, keeps policy steady
cnbc.com - Jul 21
The Bank of Japan raised its inflation forecast on Thursday but maintained ultra-low interest rates and warned of risks to a fragile economy, reinforcing its position as an outlier in a wave of global central bank policy tightening.
Japan cuts gasoline subsidy to 36.6 yen a litre
channelnewsasia.com - Jul 21
Japan lowered its gasoline subsidy for oil distributors to 36.6 yen (26.5 cents) a litre for the seven days from Thursday, down from 36.9 yen a week earlier, the industry ministry said.
Is the Bank of Japan preparing to raise rates?
Bloomberg Markets and Finance - Jul 20
For more than five years the Bank of Japan has struggled to bring inflation to the bank's target rate of 2%. But with Japan’s annual inflation hitting 2.5% in April, could the Bank of Japan be ready to join with other central banks in the current global tightening cycle?
Japan buys most expensive gas shipment as energy crunch bites
Business Times - Jul 20
Japan bought its most expensive ever natural gas shipment as an escalating global energy crunch brings new risks of blackouts and intensifies competition for fuel imports.
JAL to reassign 3,000 workers, expecting long business travel slump
Nikkei - Jul 20
Japan Airlines plans to transfer about 3,000 workers from its core business to its budget carriers and nonaviation units, Nikkei has learned, as forecasts show business travel struggling to return to pre-pandemic levels.
The Armoury in Japan - The 116 Year Old Watch Store and the Man Who Watches Over it
The Armoury - Jul 19
Toru Kamine is the 4th generation owner of the Kamine watch store in Kobe, Japan. He is one of the most influential figures in the industry in Japan and has contributed to the success of countless brands and watches, from the entry-level to the esoteric.
Japan's new BOJ board members signal potential policy change
Nikkei - Jul 19
The government said Tuesday it will appoint Hajime Takata, an economist who has warned of the side effects of bold monetary easing, and Naoki Tamura, a veteran banker, as board members at the Bank of Japan.
In Japan, push to shatter glass ceiling spurs hope, doubts
Al Jazeera - Jul 18
Japanese corporate culture, which prides itself on gruelling hours spent in the office, has long been derided by critics as patriarchal and unfriendly to women.
2023 Lexus IS500 V8 to be built in right-hand drive – for Japan
drive.com.au - Jul 18
The 2023 Lexus IS500 is expected to be announced for the Japanese market this week.
As energy costs soar, Japan power utilities rush to secure cash
Nikkei - Jul 18
Japanese power utilities are stepping up fundraising as high resource prices and a weak yen deplete their cash holdings, with total bond offerings this fiscal year set to rise 6% to 1.73 trillion yen ($12.4 billion).
