Business | Page 3

FTX Japan to recommence withdrawals in February
financialexpress.com - Feb 21
FTX Japan, the Japanese subsidiary of cryptocurrency exchange FTX, has issued a statement on the withdrawal of users’ fiat currency and crypto assets.

Teen staple Forever 21 relaunches in Japan as upscale clothier
Bloomberg - Feb 21
Forever 21, which came to epitomize the fast-fashion movement by selling trendy, of-the-moment clothing to teens at bottom-barrel prices, is relaunching in Japan by quietly overhauling itself as an upmarket clothier.

Undeclared income of wealthy in Japan hits record high
Japan Times - Feb 20
The undeclared income of wealthy people totaled Y83.9 billion in the year through June 2022, up 72.3% from the preceding year and the highest annual level since data became available in the year to June 2010.

Japan to launch pilot programme for issuing digital yen
nasdaq.com - Feb 18
Japan will start a pilot programme in April to test the use of a digital yen, its central bank said on Friday, joining a growing number of countries seeking to catch up with front-runner China in launching a central bank digital currency (CBDC).

Japan's Sukiya beef bowl chain owner buys Lotteria burger shops
Nikkei - Feb 17
Japan's major restaurant chain Zensho Holdings, operator of the Sukiya beef bowl chain, announced on Thursday that it will acquire Lotteria, a burger franchise held by Lotte Holdings.

Toyota founder's son, who led global growth, dies at 97
AP - Feb 14
Shoichiro Toyoda, who as a son of the company’s founder oversaw Toyota’s expansion into international markets has died. He was 97.

Why Japan picked Ueda as BOJ head instead of Amamiya
Nikkei - Feb 14
The Japanese government has decided to nominate economics professor and former Bank of Japan policy board member Kazuo Ueda as the successor to Gov. Haruhiko Kuroda. The surprise choice came after Deputy Gov. Masayoshi Amamiya, who was considered the favorite, declined the offer because of two firmly held beliefs.

Packed with tourists, Japan returns to economic growth
nytimes.com - Feb 14
After more than two years under some of the world’s tightest border controls, Japan is once again open for business. Tourist spots are packed. Hotels are booked out well in advance. And it’s getting harder to get a seat at many of the country’s best restaurants.

Japan set to pick academic Ueda as next Bank of Japan chief -sources
Reuters - Feb 11
Japan's government is likely to appoint academic Kazuo Ueda as the next Bank of Japan governor, two government officials told Reuters, a surprise choice that could see the country finally align with other major economies in raising interest rates.

Japan’s debt time bomb to complicate BOJ exit path
brecorder.com - Feb 11
Japan’s ticking debt time bomb will likely complicate the next central bank governor’s task of steering a smooth exit from ultra-loose monetary settings, with rising long-term interest rates already forcing policymakers to amend budget projections.

McDonald's Japan signs deal with govt. to use domestic wood
NHK - Feb 11
McDonald's Japan has signed an agreement with the government to use more domestic wood. The move is aimed at helping to realize a low-carbon society.

Prices to rise in Japan on over 10,000 food items over higher costs
Kyodo - Feb 11
Food prices will continue to soar in Japan in the first four months this year, with prices on more than 10,000 items set to rise due to high material and logistic costs, according to a recent survey by a credit research company.

Taxi operators facing bankruptcy in Japan hit 10-year high
South China Morning Post - Feb 09
The number of taxi operators going bankrupt in Japan has reached a 10-year-high, according to a new survey conducted by local business information provider, Tokyo Shoko Research.

Japan insights: 89% of Chinese investors are interested in taking a real estate tour in Japan
asiaone.com - Feb 09
Shenjumiausuan released a research result recently on "the interests of investing in Japanese real estate from Chinese investors" that 89% of Chinese investors are interested in going for a house-viewing tour if the overseas traveling market reopens.

Japan's skiing industry hits bumpy patch
Nikkei - Feb 08
With their fine powder snow, hot springs and scenic vistas, Japan's international ski destinations, buoyed by pent-up demand and yen weakness, are booming following a COVID-19-induced slumber lasting more than two years.

Japan's SoftBank Group logs $5.9 bn loss as tech investments tumble
business-standard.com - Feb 07
Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slammed by the global plunge in technology shares.