Business | Page 2

Japan retains stake in Russia's Sakhalin 1 oil project
Japan Today - Nov 16
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 Q3 GDP shrinks as high inflation, weakening yen bite
investing.com - Nov 15
The Japanese economy unexpectedly shrank in the third quarter, preliminary data showed on Tuesday, as worsening inflation levels and further depreciation in the yen severely undercut economic growth in the country.

Nintendo Japan does not repair users’ console if they are rude to their staff
gearrice.com - Nov 15
Nintendo of Japan has updated their terms and conditions to allow their customer service staff to decline repair requests if they are facing harassment.

SoftBank returns to profit as investments rebound
AP - Nov 12
Japanese technology investor SoftBank Group Corp. reported on Friday a 3 trillion yen ($21 billion) profit for the July-September quarter, a sharp reversal from its loss a year ago.

Toyota joins other Japan companies to make next-generation chips
Nikkei - Nov 11
Toyota Motor and around nine other Japanese companies will team up with the government to launch a new entity to develop and make next-generation semiconductors, Nikkei has learned, aiming to establish manufacturing processes by the late 2020s.

Inflation brings end to beloved 114-year-old Japanese candy Sakumaseika
theglobeandmail.com - Nov 10
A beloved Japanese candy eaten by generations, so iconic it even appeared in a hit anime film, has come to the end of the line, a victim of surging raw material and energy prices.

As Elon Musk transforms Twitter, risk hits home for Japanese banks
Nikkei - Nov 09
As Elon Musk makes dramatic changes to Twitter following his $44 billion acquisition, Japanese banks that cofinanced the deal find themselves with little choice but to go along for the ride.

Ferrari, Lamborghini and other supercar sales boom in Japan
theedgemarkets.com - Nov 09
Ferraris, Lamborghinis and other supercars are seeing an unprecedented sales boom in Japan, fueled by pent-up, post-Covid-lockdown demand from wealthy buyers, who also see the vehicles as good investments amid a weakening yen and soaring used-car prices.

Japan foreign reserves fall for third month after intervention
Reuters - Nov 09
Japan's foreign reserves extended declines in October, following the previous month's record drop, the Ministry of Finance said on Tuesday, reflecting the largest ever amount of yen-buying, dollar-selling intervention.

As yen tumbles, gadget-loving Japan goes for secondhand iPhones
WION - Nov 09
For years Japanese shoppers eagerly shelled out for the latest gadgets, but now a tumbling yen has put new iPhones out of reach for some and sparked a growing secondhand trade in a major market for Apple Inc.

Toshiba buyout: Japanese fund submits $15bn proposal
Nikkei - Nov 08
Investment fund Japan Industrial Partners has submitted a formal proposal to take over Toshiba for about 2.2 trillion yen ($15 billion), Nikkei learned on Monday.

Japan’s govt sounds alarm over America’s EV tax credits
freemalaysiatoday.com - Nov 07
Japan’s government warned on Saturday that new electric vehicle tax credits in the United States could ultimately deter further investment by the Japanese there and hit employment in the world’s biggest economy.

Japan ends printing of “Yukichi Fukuzawa” banknote
arabnews.jp - Nov 06
Japan has finished the printing of the current 10,000-yen banknote, with a portrait of prominent educator Yukichi Fukuzawa, it has been learned.

Tourists return to Japan, but where are the workers?
Nikkei - Nov 06
Japanese airports and hotels are scrambling to handle the influx of tourists streaming across reopened borders, as staffs that withered to skeletal levels during the pandemic have not rebounded to match the rise in customers.

Japan pension 'whale' GPIF suffers longest losing streak since 2009
Nikkei - Nov 05
Japan's Government Pension Investment Fund, one of the world's largest institutional investors, posted its third consecutive quarterly loss Friday to mark its longest slump since the global financial crisis.

Survey shows prices of more than 800 food items will increase in November
NHK - Nov 02
A survey conducted by a private research firm indicates that the prices of more than 800 food and beverage items will go up in Japan in November.