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.
The announcement of the iPhone 16 has sent sellers flocking to the second-hand iPhone market in Japan, with iPhones 12 and 13 going for less than half the price of a new model.
Japanese firm Smile-Up., formerly known as Johnny & Associates, says representative director Fujishima Julie has stepped down from executive posts of its affiliated firms. (NHK)
Bookstores across Japan continue to close, and publishers are facing equally harsh business conditions. According to private research firm Teikoku Databank, 36.2% of publishers posted losses last fiscal year, the highest percentage in the past 20 years.
The Yokohama District Court on Monday sentenced a former manager of Bigmotor's Kawasaki branch to a fine of 200,000 yen for damaging public property by cutting azaleas in front of the store.