TOKYO, Aug 20 (Reuters) - Japan's national and Tokyo governments are seeking a $4.7 billion valuation for Tokyo Metro as they prepare to list the subway operator as early as October-end, three sources said, in what would be the nation's biggest IPO in roughly six years.
Authorities in Osaka's Nishinari Ward carried out a contentious forced eviction at the Airin General Center, a facility once central to the city’s day-laborer community, sparking protests from residents and supporters who condemned the move as a violation of human rights and dignity, while officials cited safety concerns and legal rulings as justification for the operation.
Japan's first luxury cruise ship, where all rooms are suites, has departed Yokohama Port for its maiden voyage.
A vehicle carrying Prime Minister Ishiba collided with a leading escort car. No injuries were reported.
The 'Bandit' roller coaster at Yomiuriland in western Tokyo, came to a grinding halt Saturday, leaving 25 passengers stranded.
JR Central and JR West plan to reduce the number of non-reserved seats on the Nozomi Shinkansen, operating on the Tokaido and Sanyo lines, starting next spring, according to sources familiar with the matter.
Japanese stocks have entered the so-called "year-end rally" phase, a period known for upward trends in stock prices. Last week, the Nikkei Stock Average showed resilient performance despite the yen appreciating gradually against the dollar, temporarily dipping below 38,000 yen but ending with stable movements.
Japan’s airline industry is experiencing a significant boost from record inbound tourism, but rising costs and geopolitical challenges are tempering the financial gains.
Kirin Brewery has announced that it will increase prices on over 200 products, including beer and chuhai, starting in April next year. All three major beer companies will implement price hikes at the same time.
The Japan Fair Trade Commission (JFTC) has launched an on-site investigation into Amazon Japan, alleging that the company forced sellers to lower prices. The investigation will also examine potential involvement by Amazon's U.S. headquarters.
PwC, a leading audit firm, and Takara Printing have announced a collaboration to provide English disclosure support services, including the translation of securities reports. This initiative comes as the Tokyo Stock Exchange plans to mandate companies listed on the Prime Market to disclose financial information in English starting April 2025, aiming to attract overseas investors.
In today’s competitive business environment, time is the one resource you can’t afford to waste.
Mercari, a leading online marketplace, has announced new measures and compensation policies in response to increasing issues among users, such as the fraudulent replacement of returned items.
The prestigious Matsusaka Beef Competition, a showcase of premium cattle from Mie Prefecture, was held Sunday, where the top-ranked cow was auctioned for almost $200,000 (30.32 million yen).
