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Shoppers wait at the checkout lines at an Ito-Yokado shopping centre after a sales tax hike in Tokyo April 1, 2014. Big firms expect to increase capital spending only modestly, the Bank of Japan's (BOJ) tankan quarterly survey showed on Tuesday, reflecting uncertainty over how much a sales tax hike that kicked off on Tuesday could hurt a fragile economic recovery.   REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS)
BUSINESS / Companies
Dec 6, 2024
Ito-Yokado to reduce headcount of permanent employees by 1,000
The Seven & I Holdings unit will implement the reduction through personnel relocations and natural reductions, mainly through mandatory retirement.
Starbucks Coffee Japan will replace paper straws with plant-based biomass plastic straws from next month.
BUSINESS / Companies
Dec 6, 2024
Starbucks in Japan to ditch paper straws for plant-based biomass plastic in 2025
The coffee company says the new straws are fully biodegradable in seawater and soil, and will not soften like paper ones.
PayPay Bank is competing for funds as rates rise.
BUSINESS / Companies
Dec 5, 2024
PayPay Bank paying big to attract deposits, with offer of 2% on dollars and yen
The offer is many times the rates advertised by competing banks and applies to yen deposits of up to ?5 million, with no limit for dollar deposits.
Major electronics firms plan to pay new graduate hires starting salaries that vary depending on skills and experiences.
BUSINESS / Companies
Dec 5, 2024
Japanese electronics firms rethink uniform starting salaries
Panasonic Connect plans to pay an additional 10% to 20% on top of this year's starting salaries to spring 2025 recruits with past startup experiences or tech skills.
If the deal goes through, the Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States.
BUSINESS / Companies
Dec 5, 2024
Nippon Steel committed to U.S. Steel takeover, executive says
"There is no global strategy without the U.S.," Takahiro Mori, the Japanese company's vice chairman, said this week.
Netflix's subscribers in Japan topped 10 million in the first half of this year, with Japanese content being its third-most-viewed non-English content, after those in Korean and Spanish.
BUSINESS / Companies
Dec 4, 2024
Netflix Japan subscribers top 10 million
The streaming firm's Japanese-language programming is grabbing attention in the growing market.
Mitsubishi has dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorized trades with local companies, including some that were related to him.
BUSINESS / Companies
Dec 4, 2024
Mitsubishi loses $90 million in suspected China metal fraud
The company has dismissed a Shanghai-based copper trader after finding that he had made unauthorized trades with local companies.

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People in cities across Japan will pop into their local convenience store for any number of products they believe will help them with a night of drinking.
Hangover cures are everywhere in Japan ¡ª but do they work?

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