A major Japanese trading company has relaxed its rules to allow employees to pursue side careers, such as being a YouTuber or an artist, aiming to retain younger workers who are demanding more flexible work rules. (The Peninsula)
Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan's energy imports such as liquefied natural gas (LNG), the Nikkei newspaper said on Saturday. (zawya.com)
International cruise ship operations resumed in Japan on Thursday after an almost three-year suspension due to the coronavirus pandemic, with a ship operated by Mitsui O.S.K. Passenger Lines Ltd. setting sail for the Indian Ocean from Yokohama port near Tokyo. (abs-cbn.com)
Japan has retained its stake in the Sakhalin 1 oil and gas project in eastern Russia, with a Japanese company receiving a 30 percent stake in a new Russian operator, Tass news agency reported Monday. (Japan Today)
The Japan Aerospace Exploration Agency and Mitsui Sumitomo Insurance Co. will jointly develop insurance products for space travelers as they bet more civilians will venture beyond the Earth in the future. (Kyodo)
The Russian government says it will establish a new company to take over the Sakhalin-2 oil and liquefied natural gas project in the country's Far East. (NHK)
Japan's three megabanks are facing growing earnings pressure after posting mixed results in the fiscal first quarter amid slowing capital market activity, rising U.S. interest rates and the ongoing effects of the COVID-19 pandemic. (spglobal.com)
The first installation of a rigid, winged sail has been completed on a commercial bulker with the vessel recently floated at the Oshima Shipyard in Japan. (maritime-executive.com)
Japan’s energy “interests must not be undermined”, Tokyo said Friday, after Moscow issued a decree transferring operations of a key oil and gas project to a new Russian company. (The Sun daily )
An agency designed to address workplace grievances and provide general assistance for foreign workers began operating Monday under a joint initiative by eight Japanese companies including Toyota Motor and Seven & i Holdings. (Nikkei)
Japan's three biggest shipping companies have reported record net profits for the latest business year. That was on the back of rising freight fees and a weaker yen. (NHK)
Japan's top banks face the prospect of having to set aside billions of dollars in loss provisions for their exposure to Russia as the declining ruble and the financial turmoil there raise default risks. (Nikkei)
Japan's financial regulator will introduce new capital requirements for large banks, known as Basel III, two years later than originally planned, Nikkei has learned. (Nikkei)
Despite Shell exiting a landmark LNG plant that has served as a symbol of cooperation between Tokyo and Moscow, Japanese trading houses Mitsui & Co. and Mitsubishi Corp. are sticking with the Sakhalin-2 project, the source of nearly 10% of Japan's liquefied natural gas imports. (Nikkei)
Banks across Japan, the U.S. and Europe face potentially big losses from their Russian operations, as sanctions and an exodus of global companies dim the prospects of recouping a combined $150 billion in debt owed by the country and businesses. (Nikkei)
About a year ago Berkshire Hathaway, Warren Buffett’s company, decided to invest 5% in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo, all commercial agents, which put Japan in the crosshairs of mutual fund managers. (hellosolar.info)
Ryo Ishikawa said Tuesday he will resign as vice chairman of the Japan Golf Tour Players Association and the Japan Golf Tour Organization following a tabloid report that he broke quarantine rules after arriving home from a trip to the United States. (Japan Times)
WeWork Japan is expected to specialize in managing coworking offices, Nikkei has learned, moving away from directly leasing space to reduce its financial exposure while continuing to expand. (Nikkei)
Japan Airlines Co. said Friday it will raise around Y300 billion ($2.7 billion) via a combination of subordinated loans and bonds to bolster its financial standing as the fallout from the coronavirus pandemic drags on. (Japan Times)
A Japanese government-backed lender says it is going to reduce to zero its outstanding loans for overseas coal-fired power plants. (NHK)
Japanese corporate sponsors of the Tokyo Olympics have poured $3 billion into the Games, the largest-ever amount contributed by domestic companies. (fortune.com)
A statistical analysis of outside directors at Japanese listed companies confirms what the eye sees -- the same old faces keep reappearing in multiple and overlapping boards like Wally in the Where's Wally series. (Nikkei)
Japan's top three banks are pushing to get greener. They're tightening lending to coal-fired energy plants, as the world turns to cleaner fuels. (NHK)
One of Tokyo's landmark hotels is slated for a 2-billion-dollar redevelopment plan. The operator says the project will make the Imperial Hotel Tokyo more competitive as availability of international 5-star accommodation has been increasing in the Japanese capital. (NHK)
The Imperial Hotel Tokyo, a historic luxury hotel renowned for hosting international dignitaries as well as the world's rich and famous, will experience a nearly $2 billion reconstruction with a reopening slated for fiscal 2036, Nikkei has learned. (Nikkei)