News On Japan
Business | 2

US investment fund Blackstone says it's acquiring the Japanese operator of major online manga provider Mecha Comic. The aim is to tap the growing global market. (NHK)

Aeon has announced that from June 21 it will sequentially introduce electronic receipts at 4,000 stores operated by its 19 group companies.

Machinery orders in Japan fell by 11.3% in April, with private sector demand declining for the first time in three months.

Toyota Motor Corporation has announced its decision to halt the production of three models, including the Yaris Cross, due to certification irregularities. The production suspension, initially set to last until June 28, will now continue at least until the end of the next month as investigations by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) and other authorities are ongoing.

An increasing number of Western confectionery shops in Japan, particularly cake shops, are going bankrupt. According to research released in June, from January to May, there have been 18 bankruptcies, the highest number since 2010. If this trend continues, it will surpass the record set in 2019.

The Bank of Japan decided on June 14th to reduce its government bond purchases following the conclusion of its Monetary Policy Meeting. The pace of the reduction will be determined at the next meeting.

LINE Yahoo has announced that it will discontinue its smartphone payment service, LINE Pay, in Japan by April 30, 2025.

Japan Post has announced its first price increase in nearly 30 years, set to take effect this fall, unveiling new stamps and postcards.