News On Japan

Naomi Koshi is elevating women in Japan's corporate world

May 21 (TIME) - Naomi Koshi remembers handing out flyers outside a train station during her second mayoral campaign in 2016, when an older man walked up to her and said, “You are too strong for a woman,” and kicked her.

She was shocked; she’d already spent four years serving as Japan’s youngest female mayor—one of just a few female mayors in the country—and ultimately won her second term. “I felt that sometimes people hate strong women,” she says, reflecting on a cultural dynamic that, by holding back half of its population, also holds back Japan. Koshi was determined to help change it.

Japan is one of the world’s richest, most advanced societies; it’s the third largest economy, beating out countries with much larger populations. But its own population is shrinking, and the nation’s economic growth has been stagnant. Household income is down. Fumio Kishida, who became Prime Minister in late 2021, has promised to usher in an era of “new capitalism” to drive faster economic growth and higher wages, but it’s not yet clear how he will address what Koshi believes to be the linchpin of the problem: Japanese women are woefully underrepresented in business. ...continue reading

News On Japan
POPULAR NEWS

The Bank of Japan (BOJ) has decided to raise its policy interest rate from an annualized 0.25 percent to 0.5 percent. This marks the first rate hike in six months and appears aimed at correcting the historically weak yen.

Japan is facing an unprecedented rice shortage, with recent data highlighting alarming supply-demand imbalances in the domestic market. The Agricultural Newspaper reported on January 10 that the DI (Demand-Supply Index), a measure of rice market balance, reached a record high of 80. This figure indicates a critical shortfall in rice availability, surpassing even last year's levels when supermarket shelves were emptied.

The resignation of popular television personality Masahiro Nakai has sent shockwaves through the Japanese entertainment industry. Announced through his agency’s website, Nakai apologized, stating, “I’m truly sorry for this sudden farewell.” His decision to retire has sparked debates over whether this marks the conclusion of ongoing controversies surrounding him and the television networks involved.

Former executives of the Sunshine Aquarium in Ikebukuro, Tokyo, including a former director and three others, have been referred to prosecutors on suspicion of fraudulently receiving management fees by misreporting the number of endangered turtles in their care.

Three people were attacked near JR Nagano Station at around 8 p.m., leaving a man in his 40s in a state of cardiopulmonary arrest and two others hospitalized.

MEDIA CHANNELS
         

MORE Business NEWS

Japan is facing significant challenges in its food supply chain as new laws and rising prices create widespread concern among farmers and consumers. The recently introduced Food Supply Crisis Management Law, set to take effect on April 1, will prohibit farmers from leasing unused farmland, with severe penalties for violations.

A partnership agreement was signed on January 20th to promote cargo transportation using electric aircraft based at Kitakyushu Airport. A test flight to Miyazaki Airport is planned for this summer.

Nissan Motor announced on Wednesday that it will construct a new battery plant for electric vehicles (EVs) in Kitakyushu, signing an agreement with the city and Fukuoka Prefecture.

Toru Hashimoto, a former governor and mayor of Osaka, and a prominent lawyer, recently shared his insights on urban development, political dynamics, and the future of Osaka.

Nissan Motor is implementing a workforce reduction plan involving 9,000 employees, with over 70% of the cuts concentrated in production sites, according to a JNN investigation.

Fallout continues from a scandal involving a woman and popular TV personality Nakai Masahiro, who is best known as a former member of the disbanded pop idol group, SMAP. (NHK)

Corporate bankruptcies in Japan rose for the third straight year in 2024. It is the highest number since 2013. Rising prices and labor shortages were to blame in many cases. (NHK)

The nine-day New Year holiday, often hailed as a "miraculous break," has come to an end, and everyday life is gradually resuming. However, for some, this period marked a turning point—deciding to quit their jobs. One resignation service provider reported a record-high number of client requests.