Despite a not-so-stellar third quarter for Apple, Japan was a bright spot for the iPhone maker. Apple now commands a record 34% market share in the country once dominated by domestic brands. It's the first time a smartphone brand has surpassed 30% market share in Japan in a decade, and Apple is poised to grab even more. Japan's smartphone market has typically been dominated by domestic companies including Sony and Sharp, and until this past quarter Apple didn't hold much sway in the country.
Mikihiko Yamato, Deputy Head of Research at Ji Asia tells CNBC's Cash Flow which retailers will benefit from the recent improvement in Japanese consumer sentiment. He expects favourable earnings from fast retailing companies like H&M and Gap. Hit play to find out how Abenomics influence Japanese retailers like Aeon and Izumi.
Japanese bathroom giant Lixil Group has agreed to buy Germany's Grohe in a $4.1 billion deal, its second purchase in recent months and one that would turn it into the sector's biggest global player. The Dusseldorf-based maker of bathroom appliances confirmed Thursday that it was being taken over by Lixil in a buyout which also marks Japan Inc's biggest-ever investment in Germany.
A huge roar went up from hundreds of people who flocked to a Tokyo Park in the early hours of a grey, humid Sunday morning as the Japanese capital was awarded the 2020 summer Olympic Games.Tokyo overcame a worsening crisis at a nuclear plant 230km (140 miles) away as well as a one-time lack of local support to convincingly beat rivals Istanbul and Madrid for the right to stage the Games for the second time.
Japanese core machinery orders have recovered their pre-financial crisis levels as companies prepare to invest more in their businesses, a trend that could lend support to a contentious plan to raise the nation’s sales tax. Core machinery orders, which exclude volatile orders from electric power companies and for ships, rose 6.8% in the April-June quarter, the government said Tuesday. The total value of the orders came to ¥2.3 trillion ($24 billion), the highest level since the July-September quarter of 2008.
Sony's board is likely to reject a US hedge fund's proposal to spin off part of its profitable entertainment arm, a report said on August 01. Japan's leading Nikkei business daily said the company's directors discussed the idea on July 31 and were leaning towards turning the proposal down after reviewing a financial advisor report on the deal. Some directors argued that Sony can compete better as a whole firm instead of hiving off part of the entertainment division, the Nikkei said without citing sources.
Over the last decade, people’s behavior during their daily train ride has completely changed. In the past, Japanese were known to be avid readers of paperbacks (bunko) and manga magazines, and would do so even on Tokyo’s notoriously crowded trains. Now, however, it is rare to spot someone on the train who is not staring into their cellphone. A large amount of them are playing social games.
Matsuzakaya, the oldest department store in Tokyo’s famous Ginza shopping district, closed Sunday for a total makeover and will reopen as a large commercial complex in four years. Under a block-wide redevelopment project, the venerable 88-year-old, seven-story department store will be replaced in fiscal 2017 by a 13-floor high-rise with six basement floors and office space, operator J. Front Retailing Co. said.
Regulars of Mickey D’s may debate the merits of the Filet-O-Fish or the McRib, but there isn’t much disagreement that McDonald’s fries are a crispy, salty delight of a guilty pleasure. At a time when Japan’s competitive fast food industry is feeling the pinch from the growing menus at convenience stores, burger chains often resort to attention-grabbing offers. Now, McDonald’s Japan is letting French Fries play center stage.
Abenomics (a portmanteau of Abe and economics) refers to the economic policies advocated by Shinzō Abe, the current Prime Minister of Japan. Expectations for Abenomics have apparently shifted the economy into a positive cycle, as seen through increased personal spending, the gradual expansion of corporate production and an improvement in unemployment.