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Record Number of Longstanding Japanese Companies Close Down in 2017

A Teikoku Databank study reveals that a record number of longstanding companies went bankrupt or discontinued their business in fiscal 2017. In many cases, owners had to close profitable businesses for lack of a successor, while others struggled to adapt to changes in Japan’s industrial structure.

Fly Me to the Moon: Billionaire Maezawa Yūsaku Prepares to Blast Off

Japanese businessman Maezawa Yūsaku has made global headlines as the prospective first commercial passenger to fly around the moon. On October 9, the billionaire founder of the fashion-retail website Zozotown held a press conference at the Foreign Correspondents’ Club of Japan in Tokyo. Maezawa spoke animatedly about his trip to space, scheduled for 2023. As well as getting close to the moon, h…

Starting Salaries for University Grads at All-Time High

Amid a growing labor shortage in Japan, the average starting salary for university graduates rose to a record high in 2017, marking the fourth consecutive year-on-year increase.

Some of Japan’s Longstanding Companies Have Been in Business for Centuries

A survey conducted by a private research firm shows that 3,343 businesses in Japan have a history that dates back 150 years or more. Prevalent among these firms are sake brewers, traditional inns, and kimono and fabric retailers.

Japanese Television’s Contribution to TourismUchiyama Takashi

Japanese television shows are increasingly being aired overseas, including traditional over-the-air broadcasts and online distribution services. This growth in Japanese-made programing has helped build interest in Japan in foreign countries and is playing a role in Japan’s ongoing tourism boom.

Sharing Economy Booming in Japan as Customer-to-Customer Market Grows to ¥1 Trillion

The soaring popularity of flea market applications like Mercari has seen online trade between individuals grow into a ¥1 trillion market.

Hitachi’s Nakanishi New Keidanren Chair

Hitachi chairman Nakanishi Hiroaki has been appointed the fourteenth chair of Keidanren, which represents the interests of Japanese industry.

Japan’s Corporate Backseat DriversMori Kazuo

It has been common in Japan for retired executives to remain at their companies in loosely defined advisory roles. And some continue to exert influence on management. This distinctively Japanese practice is now under critical scrutiny.

Japanese Wine Meets Big Data

Japanese wines are now holding their own against inexpensive imports in supermarkets as consumers find growing appeal in knowing about and identifying with the stories of producers close to home. Big data is increasingly being used to help in the field of viniculture. We visited Yamanashi and Nagano Prefectures at harvest time to learn more.

Rakuten Takes On Japan’s Big Three Mobile Phone OperatorsMachida Tetsu

Rakuten, which operates the budget mobile phone company Rakuten Mobile, has announced plans to transition from a mobile virtual network operator to a mobile network operator. How successful will President Mikitani Hiroshi be in taking on the cooperative oligopoly of the “big three” operators? The author examines Rakuten’s potentially rocky path forward in entering the MNO market.

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