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Money Matters »

[18 Apr 2017 | No Comment | ]

Japan Inc where companies with roots going back decades, if not centuries, have long dominated, is finally warming up to startups.
Major banks and venture capitalists are keen to tap into faster growth by investing in innovative entrepreneurs, when they can find them. Money raised for ventures in Japan reached a record 276 billion yen ($2.5 billion) last year.
That’s up from about 50 billion yen ($450 million) annually after the financial crisis, according to Japan Venture Research Co.
OPEN FIELDS
Silicon Valley still raises 50 times more cash for startups than Japan, but …

Money Matters »

[24 Feb 2017 | No Comment | ]

A record-high 3.67 billion yen ($32.5 million) in cash was found and reported as lost property in Tokyo last year, topping the level marked nearly 30 years earlier when the Japanese economy was experiencing a bubble, police say.
The figure is equivalent to around 10 million yen being found every day, according to the Metropolitan Police Department.
The cash amount increased for the seventh straight year, topping the previous record of about 3.5 billion yen set in 1990.
Of the total, some 2.7 billion yen, or 74%, was returned to owners, also a …

Headline »

[4 Feb 2017 | No Comment | ]

Organizers of the 2020 Tokyo Olympics say metal from discarded electronic devices will be used in the production of the medals that will be awarded to athletes.
Japanese citizens are being asked to give the organizing committee unwanted devices. Organizers say the program highlights the theme of sustainability and gives the whole nation a chance to participate in the preparations for the games.
The organizing committee aims to collect as much as eight tons of metal which, after the production process, will result in two tons, an amount needed to produce 5,000 …

Health and Beauty »

[21 Jan 2017 | No Comment | ]

As the government prepares to strengthen steps to combat passive smoking ahead of the 2020 Tokyo Olympics and Paralympics, Japanese restaurant industry groups on Thursday voiced opposition to a total ban on smoking in restaurants.
At a meeting in Tokyo of industry organizations, participants expressed concern banning smoking would drive small-scale businesses into closing, or Japan should aim to become a leading country in promoting separate smoking areas.
The Ministry of Health, Labor and Welfare wants to ban smoking in principle inside restaurants and aims to submit to the Diet a bill …

Headline »

[20 Jan 2017 | No Comment | ]

Japanese scientists say that silicon is likely the mystery element in the Earth’s inner core, claiming progress on solving one of the planet’s deepest secrets.
Consensus has long been that the centre of the planet is composed of about 85% iron and 10% nickel, with sulphur, oxygen and silicon prime candidates for the other five percent.
But geophysicist Eiji Ohtani at Tohoku University in northern Japan and his research team suggest that silicon is the most likely candidate.
Ohtani’s team conducted experiments on iron-nickel alloys mixed with silicon, subjecting them in the lab …

Career News & Advice »

[4 Jan 2017 | No Comment | ]

THE president of Japan’s biggest advertising agency is stepping down, a year after an overworked employee took her own life.
Dentsu president Tadashi Ishii announced on Wednesday he would leave his post next month.
“An excessive amount of work should never happen. I deeply regret and feel responsible for this,” he said. “I will take full responsibility and resign as president at January’s board meeting.”
But Mr Ishii said the company should not prevent employees from doing their best.
“But I deeply regret that I couldn’t put a break on (excessive workloads) and …

Money Matters »

[23 Dec 2016 | No Comment | ]

Winter bonuses at Japanese companies employing more than 500 people averaged 880,736 yen, up 0.02% from the previous year and rising for the fourth straight year, the country’s major business lobby said Wednesday.
Winter bonuses at Japanese manufacturers averaged 900,490 yen, up 0.47% and topping the 900,000 yen line for the first time since the survey started in 1997, according to a tally of the Japan Business Federation, also known as Keidanren.
A Keidanren official mainly attributed the rise to an increase in the revenue of manufacturers. Winter bonuses at major companies …

Money Matters »

[17 Dec 2016 | No Comment | ]

Japan surpassed China in October as the largest foreign owner of U.S. Treasury securities, the first time the countries have swapped places in nearly two years. Total foreign holdings fell for a fourth month.
The Treasury Department says that total foreign holdings dropped 1.9 percent to $6.04 trillion in October. Foreign holdings of Treasury debt are down 3.9 percent from a recent peak of $6.28 billion set in March.
Both Japan and China cut their portfolios in October. But China’s reduction was a larger 3.6 percent to $1.12 trillion. Japan trimmed its …

Career News & Advice »

[16 Dec 2016 | No Comment | ]

Women are the solution to Japan’s expected labor shortage and economic difficulties stemming from a decline in its population, the head of a joint agency of the World Trade Organization and the United Nations recently told Kyodo News.
“There is a big potential in Japan to grow the economy with the participation of women in this growth, by putting women in the economy,” Arancha Gonzalez, executive director of the International Trade Center said.
The institution is dedicated to supporting the internationalization of small and medium-sized companies, paying special attention to the role …

Headline »

[10 Dec 2016 | No Comment | ]

Japan launched a cargo ship on Friday night bound for the International Space Station, carrying a “space junk” collector that was made with the help of a fishnet company.
The vessel, dubbed “Kounotori” (stork in Japanese), blasted off from the southern island of Tanegashima at 10:27 p.m., attached to an H-IIB rocket.
Scientists at the Japan Aerospace Exploration Agency (JAXA) are experimenting with a tether to pull junk out of orbit around Earth, clearing up tonnes of space clutter including cast-off equipment from old satellites and pieces of rocket.
The launch was …