Japanese food businesses are intensifying their expansion efforts in China, where consumption has stagnated due to rising food prices. We investigate the factors driving these Japanese companies to accelerate their operations in the Chinese market.
Pan Pacific International Holdings, the operator of Don Quijote, has announced its entry into the low-cost SIM card market. The company will offer plans starting at 770 yen per month for 3GB, using NTT Docomo’s network.
Ricoh announced on September 12th that it will reduce its workforce by approximately 2,000 employees globally by March 2025. With the market for office equipment shrinking due to the advancement of digitalization, the company plans to restructure its overseas sales and service operations while focusing its management resources on supporting digital transformation (DX).
A Bank of Japan policy board member has signaled that the central bank should raise its short-term interest rate to at least around one percent in stages for price stability. (NHK)
Hair salon bankruptcies in Japan are on the rise, with 139 cases recorded between January and August 2024, a significant increase from previous years. Factors such as rising competition, material costs, and labor expenses are contributing to this surge. Despite these challenges, some salons are finding ways to thrive by adopting cost-effective strategies.
Foreign influencers are sparking fierce competition as they quickly sell Japanese gold jewelry using nothing more than a smartphone.