Why getting drunk is a huge part of doing business in Japan

For many, a traditional after-work drink presents the challenge of tiptoeing a fine line between remaining professional and letting your hair down. But in Japan, it appears that one does not necessarily preclude the other. Drinking in the country ... ( read original story ...)

Itochu's streamlined Dole business returns to profit

TOKYO -- Japanese general trading house Itochu is pressing ahead with a strategic selection and concentration policy for its Dole fresh produce and packaged foods business, which it purchased four years ago. Thanks partly to cost reductions due to a ... ( read original story ...)

Japan govt says Toshiba and Western Digital need to get along

TOKYO: Japan's government said on Tuesday it wanted Toshiba Corp and partner Western Digital Corp to cooperate, expressing concern about an escalating dispute between the two that threatens to derail the sale of Toshiba's chip unit. Western Digital has ... ( read original story ...)

Boeing’s key suppliers in Japan want an upgrade

That doesn’t dent Shiraishi’s faith in how much further his company and Japan can reach in the aerospace business. Though Kawasaki is perhaps best known for its motorcycles, it’s an industrial goliath that makes ships, trains, jet engines and ... ( read original story ...)

Japan Post takes first net loss since privatization

The 400.3 billion yen write-down, which saddled the postal group with its first net loss since the 2007 privatization, may have stymied plans to turn the real estate business into a growth engine by purchasing one of Japan's biggest developers. The postal ... ( read original story ...)

Japan April ethylene output rises 3.7 pct yr/yr

TOKYO, May 16 (Reuters) - Japanese ethylene production in April rose 3.7 percent from the same month a year earlier to 549,800 tonnes, data from the Ministry of Economy, Trade and Industry showed on Tuesday. Ethylene, made from naphtha, is a basic ... ( read original story ...)

Japan favours New Zealand made sustainable wool

A Kiwi wool company has been exporting to Japan for over 20 years, a market often considered difficult to enter for exporters. New Zealand Merino general manager Mike Hargadon said the key to sustaining a long term relationship in Japan was to ... ( read original story ...)

Why getting drunk is so important in Japanese business relations

Sharing meals is a meaningful tool for trust building in nearly all cultures. But in some cultures, sharing drinks — particularly alcoholic drinks — is equally important. I once conducted a training program for a German couple moving to Japan, assisted ... ( read original story ...)

UPDATE 1-Japan's Tepco to seek partners for nuclear business

TOKYO, May 11 Japan's Tokyo Electric Power Co (Tepco) will seek partners for its nuclear business with the goal of beginning cooperation in the financial year starting April 2020, under a plan submitted to the government for approval on Thursday. ( read original story ...)

Japan's Toshiba fights Western Digital over chips unit sale

Japanese electronics maker Toshiba is facing resistance from its U.S. joint venture partner Western Digital over Toshiba's plans to sell its computer-chip business to anyone else, and Toshiba is fighting back. Tokyo-based Toshiba Corp. needs cash from such ... ( read original story ...)

DTI-EMB, PHL companies conduct IT-BPM seminar in Tokyo

TOKYO, Japan—The Philippine team, composed of the information and communications technology (ICT) and business-process management (BPM) companies, on Tuesday organized an IT–BPM seminar and prearranged a business-to-business (B2B) meeting in Osaki ... ( read original story ...)

Shallow M6.4 earthquake hits Ryukyu Islands, Japan

A strong and shallow earthquake registered by the Japan Meteorological Agency as M6.4 hit Ryukyu Islands at 01:54 UTC on May 9, 2017. The agency is reporting a depth of 10 km (6.2 miles). USGS registered it as M6.0 at a depth of 10 km (6.2 miles). ( read original story ...)