News On Japan

Fair Trade Commission Raids Harley-Davidson Japan

Fair Trade Commission Raids Harley-Davidson Japan

TOKYO - The Fair Trade Commission has launched an on-site investigation into the Japanese subsidiary of the American motorcycle giant Harley-Davidson, suspecting it of imposing excessive sales quotas on its dealers in violation of antitrust laws.

According to sources, Harley-Davidson Japan allegedly set unreasonably high sales targets for its authorized dealers starting around 2020 to 2021. These quotas were reportedly difficult to meet through normal business operations. Dealers were informed that failure to meet these targets could result in the non-renewal of their dealership contracts.

Some dealers resorted to purchasing motorcycles themselves to meet the quotas, while others faced financial strain and eventually went out of business. Additionally, there are allegations that dealers were forced to buy models they did not want.

The Fair Trade Commission is investigating the details, believing that Harley-Davidson Japan exploited its strong position over the dealers to enforce these practices repeatedly.

Source: ANN

News On Japan
POPULAR NEWS

The Japanese government has approved its first basic plan outlining concrete measures to promote public understanding of LGBT people and other sexual minorities, based on the LGBT Understanding Promotion Law that came into effect in 2023.

Prime Minister Sanae Takachi and Italian Prime Minister Giorgia Meloni announced new agreements on supply chain resilience and space cooperation following a summit meeting in Italy on June 15th, as the two countries pledged closer coordination on economic security and international affairs ahead of the G7 Summit.

A parent bear and two cubs were spotted near an interchange in Kyoto Prefecture, just a few minutes' drive from a nursery school, in one of many bear sightings reported across Japan in recent days.

Emperor Naruhito and Empress Masako watched Japan's opening FIFA World Cup match against the Netherlands together with King Willem-Alexander and Queen Máxima, highlighting the close ties between the Japanese Imperial Family and the Dutch Royal Family.

Police in Kyoto Prefecture are investigating a hit-and-run after a vehicle crashed into the Maizuru office of Liberal Democratic Party Lower House member Taro Honda late on June 13 before the driver fled the scene.

MEDIA CHANNELS
         

MORE Business NEWS

The Bank of Japan is set to begin a two-day monetary policy meeting on June 16th, with financial markets widely expecting the central bank to raise its policy interest rate to 1%, the highest level in 31 years, despite the unusual circumstance of Governor Kazuo Ueda being absent from the meeting.

Okinawa Coca-Cola Bottling has begun operating a large-scale solar power generation system at its Urasoe plant, aiming to reduce carbon dioxide emissions by 330 tons annually while expanding the use of renewable energy in the prefecture.

Tokyo stocks posted one of the strongest gains in the history of Japan's equity market on June 15, with the Nikkei Stock Average closing above 69,000 for the first time after a U.S.-Iran agreement aimed at ending hostilities eased concerns over energy prices and global economic risks.

Japanese stocks rebounded sharply on June 12th, with the Nikkei Stock Average closing back above the 66,000 level for the first time in a week as easing concerns over tensions in the Middle East and a strong rally in U.S. technology shares fueled broad buying of AI-related stocks.

Restructuring is often associated with companies in financial trouble, but a growing number of profitable Japanese corporations are now encouraging employees to take early retirement as part of efforts to reshape their workforces for the future, creating both opportunities and significant risks for workers considering a second career.

Seven-Eleven Japan announced that it will establish a new company with CyberAgent and Dentsu to develop advertising services, using digital signage installed in its stores to deliver targeted advertisements based on real-time conditions.

Domestic gold prices in Japan fell sharply on June 11, with the benchmark retail gold price announced by Tanaka Precious Metal Technologies dropping 906 yen from the previous day to 23,262 yen per gram as of 9:30 a.m., marking the lowest level of the year.

U.S. coffee giant Starbucks is considering selling its Japan business, with Bloomberg reporting that the company has begun preliminary talks with investment banks and that any deal could be worth between 400 billion yen and 500 billion yen.