The city of Nagoya has announced plans to demolish the Asunal Kanayama shopping complex by February 2028 and construct a new multi-purpose facility in its place. The redevelopment project will also include renovations to nearby parks and the city’s civic hall, aiming to revitalize the entire Kanayama district.
The world’s largest Muji store has opened in Kashihara, Nara Prefecture, boasting a retail space of approximately 8,000 square meters and offering a diverse range of products spanning clothing, food, and home goods.
The planned opening of Starbucks’ first store in Gyoda, Saitama Prefecture, has sparked mixed reactions among residents. As of February 26th, the project has been put on hold.
Despite government assurances of ample rice supply, farmers are facing pressure to increase production as demand continues to soar.
As March approaches, while some regions in Japan struggle with heavy snowfall, foreign tourists continue to arrive in search of the country’s renowned winter sports experience.
In 2024, Japanese companies engaged in a record 4,700 mergers and acquisitions (M&A), marking a new high. Kyodo News economic editor Satoshi Matsuo explains the factors behind this surge. M&A has become a key strategy for Japanese businesses facing a wave of retirements and business closures. While some acquisitions aim to expand overseas, others focus on ensuring business continuity in Japan’s rapidly aging economy.
US prominent investor Warren Buffett has written that he is looking to increase his company's holdings in Japan's five largest trading houses in his annual letter to shareholders. (NHK)
Vision Megane, widely known for its catchy commercial jingles, faced a major crisis in 2013 when it applied for civil rehabilitation, effectively declaring bankruptcy. Surprisingly, the man who led the company’s revival was none other than a CEO chosen through an amidakuji (lottery-style drawing).