Yahoo Japan, PayPay merge malls against Amazon, Rakuten
Nikkei -- Jul 06
Z Holdings will merge Yahoo Japan's online shopping platform with its subsidiary's e-commerce service to step up competition with rivals Rakuten and Amazon, Nikkei has learned.
Yahoo! Shopping will take over PayPay Mall services in October to facilitate the speedier trade and delivery of a predicted 400 million items.
PayPay Mall was launched in 2019 with sellers trading electronics, cosmetics, apparel and luxury brands among other items. The merger will broaden the Yahoo! Shopping range and increase its appeal.
Tie-ups between Yahoo! Shopping and messaging app Line, a subsidiary of Z Holdings, will also be strengthened. Yahoo! will provide official Line accounts to businesses that open stores on the platform, boosting product awareness and customer access.
Yahoo has 86 million users, PayPay 47 million and Line 92 million. The three services have hitherto been poorly connected.
Use these tips to find the best betting sites in Japan
newsonjapan.com - Aug 08
Japan is one of the most mysterious countries for a couple of reasons. This place is known for all sorts of things, and it seems like online betting is becoming more popular yearly.
Work stoppages and no chatting at lunch: Japan Inc grapples with COVID
Japan Today - Aug 07
Japanese companies are temporarily shutting offices or suspending production as they battle a record wave of COVID-19, disrupting businesses in a country that has until now weathered the pandemic better than most advanced economies.
Japan's farm exports hit record high in first six months
Xinhua - Aug 06
Japan's agricultural and seafood exports hit a record high in the first six months of 2022 owing to increased overseas demand as more people dine out amid a decline in COVID-19 infections, the government said in a report Friday.
Japan's GPIF posts $28 billion Q1 investment loss on market turbulence
MSN - Aug 06
Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.
SoftBank raises $22bn in moves to sell down Alibaba stake: FT
Nikkei - Aug 05
SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over the coming years, as the Japanese investor responds to a market downturn that has ravaged its technology portfolio.
Japan to bring back crypto ATMs after four years of wait
egamers.io - Aug 05
Japan is finally bringing crypto ATMs (BTMs, according to local terminology) to life after four years.
Russia to set up new firm for Sakhalin-2, future of Japanese stakes unclear
NHK - Aug 04
The Russian government says it will establish a new company to take over the Sakhalin-2 oil and liquefied natural gas project in the country's Far East.
Japan continues exporting huge number of used cars to Russia
New Straits Times - Aug 04
Despite imposing various sanctions against Russia, Japan is still exporting a huge number of used cars to the country.
A precious metals shortage is pushing Nissan to rent, not sell, electric vehicles to customers
fortune.com - Aug 04
The circular economy is coming to electric vehicles for both environmental and financial reasons, as a leading Japanese automaker plans on starting a rental scheme for its battery-powered cars.
Japan's Nomura Reports 97% Slump in Profit on Deal Drought
Bloomberg Markets and Finance - Aug 04
Nomura Holdings Inc., Japan's largest brokerage, reported a 97% plunge in profit. Gains from fixed income trading were unable to make up for weaknesses elsewhere. Russell Ward reports on Bloomberg Television.
Toyota unit Hino has falsified engine data for nearly 20 years
Nikkei - Aug 03
Japanese truck maker Hino Motors, a unit of Toyota Motor, said on Tuesday that it has been falsifying data related to engine emissions and fuel performance for a longer period of time and on more models than previously admitted, making it more difficult for the company to rebuild its management and restore credibility.
Japanese megabanks facing growing earnings pressure after mixed Q1 results
spglobal.com - Aug 03
Japan's three megabanks are facing growing earnings pressure after posting mixed results in the fiscal first quarter amid slowing capital market activity, rising U.S. interest rates and the ongoing effects of the COVID-19 pandemic.
