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Shibusawa Eiichi: Japan’s Moral Capitalist

Meiji-era entrepreneur and business leader Shibusawa Eiichi established and helped run over 500 banks and commercial enterprises during his lifetime, earning the reputation as the “father of Japanese capitalism.” But he also believed that morality and economic activity were inseparable and that public interest should come before profits. Using this doctrine, he was involved with some 600 social welfare organizations. The Shibusawa Eiichi Memorial Museum in Tokyo tells the story of the influential industrialist and philanthropist.

Japan to Put Virtual Currency Exchanges under Surveillance (News)

Tokyo, Sept. 24 (Jiji Press)--Japan's Financial Services Agency will put virtual currency exchanges operating in the country under full surveillance from October, officials have said. The FSA will monitor whether the exchanges for Bitcoin and other digital currencies have appropriate internal systems, including ones to protect customer assets. If necessary, the agency will carry out on-site ins…

Sony High-Tech Plant Prepares for the Next Big OneYasui Takayuki

As major earthquakes could take place anywhere in Japan, they are a significant risk for the country’s high-tech firms. Precision equipment in plants can be easily damaged. Following last year’s earthquakes in Kumamoto Prefecture, a Sony subsidiary is taking action to reduce the potential impact of a future disaster on production.

Toshiba Looks to Bain Capital Team Again for Chip Unit Sale (News)

Tokyo, Sept. 13 (Jiji Press)—Toshiba Corp. said Wednesday it has entered into a memorandum of understanding with Bain Capital to accelerate talks with a group led by the US private equity firm on the sale of its flash memory unit, with the aim of reaching a definitive agreement by the end of this month. The move came as the troubled Japanese electronics and machinery giant and Western Digital C…

Japan Listed Firm FY 2017 Profit Seen Hitting Record: Jiji Survey (News)

Tokyo, Aug. 10 (Jiji Press)—Japanese companies listed on the Tokyo Stock Exchange's first section are expected to see their combined recurring profit for fiscal 2017 hit a record high, a Jiji Press survey found Thursday. The profit for the year through March 2018 is projected to rise 6.8% from the previous year, supported by a weaker yen and growth in overseas demand, including from China and t…

Women Are 5.1% of Japan Big-Firm Execs: Jiji Survey (News)

Tokyo (Jiji Press)—The share of women among major Japanese companies' executives has risen to 5.1%, though the level is still very low by international standards, a Jiji Press survey revealed on July 26. Of the total 7,659 board members and other executives at 500 surveyed companies listed on the Tokyo Stock Exchange's first section, 392 were women. Their share increased 0.5 percentage point fr…

Takata Decides to File for Bankruptcy Protection (News)

Tokyo, June 26 (Jiji Press)—Troubled airbag maker Takata Corp. decided on Monday to file with Tokyo District Court for bankruptcy protection under Japan's civil rehabilitation law, informed sources said. Battered by a massive global recall, Takata's liabilities are seen finally exceeding ¥1 trillion, the largest amount for any failed manufacturer in Japan since the end of World War II. The f…

A Life in Music: An Interview with Composer and Producer Murai KunihikoMatsuki Naoya (Interviewer)

Composer, producer, and founder of Alfa Records Murai Kunihiko played a leading role in laying the foundations for J-pop in the 1970s. This included bringing the band Yellow Magic Orchestra to a global audience. In this interview, he shares his musical journey.

Parcel Overload: Japan’s Delivery Crisis and How to Tackle ItOgawa Kōsuke

The online commerce boom has brought crisis to Japan’s delivery companies, which cannot handle the increased volume. Drivers are working unreasonable hours and the industry is struggling to simply deliver parcels. Looking overseas and to other sectors in the service industry provides some hints for tackling these issues.

Survey Finds Japanese Firms’ Net Profits Up 21% in Fiscal 2016 (News)

Tokyo, May 13 (Jiji Press)—Combined group net profits at major Japanese nonfinancial companies soared 21.1% in fiscal 2016 (April 2016–March 2017), a Jiji Press tally showed Saturday. The survey covered 1,117 nonfinancial companies listed on the Tokyo Stock Exchange's first section that have already released their earnings reports. Of them, 387 firms logged record profits. The strong results…

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