News On Japan

Why Japan is home to the world’s oldest businesses

There are so many 100-plus-year-old companies in Japan that there’s a word for them in Japanese: shinise. What is it about doing business in Japan that cultivates such an enduring legacy?

Nov 24 (theceomagazine.com) - Shitennō-ji temple is one of Osaka’s most important Buddhist temples. Built in the sixth century during the rule of Prince Shotoku, it has stood firm as the high-rises of the modern-day city have towered above it.

Of course, the structure hasn’t survived more than a millennium without some tender loving care, with its most recent reconstruction taking place in 1963.

Visitors to the temple praise its serenity and space amid the hustle and bustle of Japan’s third-largest city. One nugget of information visitors may not take away from their visit, however, is that the firm that constructed the temple is also still in operation.

Founded in 578 with the Shitennō-ji temple as its first project, Kongō Gumi is widely considered the oldest company in the world, operational for a staggering 1445 years and counting.

What is equally as astonishing is that Kongō Gumi is not alone. The oldest hotel in the world, according to the Guinness Book of Records, is also in Japan. Nishiyama Onsen Keiunkan is an onsen (hot spring) hotel that opened in the Yamanashi Prefecture outside Tokyo in 705.

The oldest tea house in the world, Tsuen Tea, poured its first brew in Tokyo in 1160, and the oldest listed business on the Japanese stock exchange is Matsui Kensetsu, a construction firm that dates from 1586. ...continue reading

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Southern Kyushu has entered the rainy season, marking the first time in 49 years that it has done so earlier than Okinawa. It is also the earliest rainy season start for any region in Japan since the Meteorological Agency began keeping records. Authorities are warning of heavy rainfall not only in Kyushu but across other parts of the country as well.

A road collapse in Yashio City, Saitama Prefecture is expected to take five to seven years to fully restore, local officials said on Friday, following the recovery of a truck cab that had remained lodged in the sewer system since the January accident.

Eighty years have passed since the end of World War II, yet the memories of its fiercest battles continue to echo in the heart of Okinawa. The district of Omoromachi in central Naha, now a lively urban hub filled with people, was once the site of one of the bloodiest clashes of the Battle of Okinawa—the Battle of Sugar Loaf Hill.

The Aoi Festival, one of Kyoto’s three major traditional festivals, began on May 15th with a vibrant procession of around 500 people dressed in elegant Heian-period garments making their way through the streets of the ancient capital.

Japan’s prototypes of the kilogram and meter, which once served as national standards for weight and length, were presented to the press this week ahead of the 150th anniversary of the Meter Convention, the international treaty that standardized global measurement systems, to be marked on May 20th.

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