Costco stores are opening across Japan, sparking hopes for regional revitalization while also raising concerns among local residents about the potential impact on daily life, particularly traffic congestion.
Budget haircut salons are gaining popularity across Japan. A close look at their innovative approach reveals how they manage to offer such low prices.
Duty-free sales at department stores in Japan have already surpassed last year's total by July, driven by strong demand for luxury goods.
Rice shortages have persisted across Japan, raising concerns about the future of the industry. Although the Ministry of Agriculture, Forestry, and Fisheries maintains that the balance between supply and demand is being preserved, doubts remain over whether sufficient stock is truly available.
There were plenty of reasons for the global market selloff on Aug. 5, including premature worries of a US slowdown and fears of an artificial intelligence bubble. But one of the main culprits was the unwinding of a popular yen-centered carry trade. (Bloomberg)
A Ferrari, seized from a tax delinquent, has been listed in an online auction of assets by the Tokyo Regional Taxation Bureau.
Drugstores are rapidly expanding across Japan, with the market size reaching over 8.3 trillion yen ($57 billion) in 2023. Introduced to Japan in the 1970s, drugstores initially focused on selling medicine and daily necessities. However, many stores now offer a wide range of products, intensifying competition among companies leveraging their unique strengths.
Japan's Fair Trade Commission has issued a warning to major food manufacturer Nissin Foods for allegedly pressuring retailers nationwide to raise the selling price of its cup noodles, a potential violation of the Antimonopoly Act.