Kabbage, a $1 billion online lending startup, has announced a $250 million equity investment from a Japanese telecom giant SoftBank, according to a press release on the news. Kabbage was founded in 2008 to disrupt the business lending space. It currently ... ( read original story ...)
Summer bonuses fall for first time in five years
according to a final tally by the Japanese Business Federation (Keidanren). The average bonus fell 2.98 percent from a year earlier to ¥878,172, the first drop since 2012, after the March 2011 Great East Japan Earthquake, according to the tally ... ( read original story ...)
Power Assist Suit Demonstration Experiment at the 2017 Para Powerlifting Japan Cup [Panasonic]
FUKUOKA, Japan--(BUSINESS WIRE)--Panasonic Corporation and ATOUN Inc. (with headquarters in Nara City, Nara Prefecture; represented by Hiromichi Fujimoto) together conducted a demonstration experiment at the "2017 Para Powerlifting Japan Cup" held at ... ( read original story ...)
Marriott opens five new properties in Japan
Marriott International has partnered with the Mori Trust Group and continues to expand their presence in Japan. The properties are spread across the country and natural resource from lakes to beaches to moutain’s to cities - they have covered the ... ( read original story ...)
Airbnb rival Tujia to partner with Rakuten in push for larger share of Japan ‘minpaku’ market
Airbnb Inc.’s Chinese rival Tujia announced Wednesday it will be partnering with e-commerce giant Rakuten Inc. to expand its business in Japan following the government’s recent passage of a law giving the green light to private short-term minpaku ... ( read original story ...)
Japan service sector growth softens in July, new hiring slows: PMI
Growth in new business eased but was still solid, with the reading dipping to 52.7 from 53.2. Companies continued to hire new staff but also at a slower pace. The services sector PMI comes shortly after the final manufacturing PMI which showed Japan's ... ( read original story ...)
A limping Japan Display scrambles to join the OLED party
TOKYO If one company symbolizes the decline of Japan's once-dominant display industry ... APPLE SHOCK In a medium-term business plan unveiled at the end of 2016, the company targeted sales of 1.1 trillion yen and an operating profit of 88 billion yen ... ( read original story ...)
Honda leads Japan in planned R&D investments for 2017
TOKYO -- Honda Motor tops the list of 20 Japanese companies with the largest planned increase ... The survey also rated expectations of which new technologies would create business opportunities. AI ranked highest at an average of 4.5 out of 5, followed ... ( read original story ...)
Tokyo 2020 open mascot design competition to public
Tokyo 2020 had revealed in March that the names will come from creative professionals, rather than from the general public. Mascots are a popular element of modern Japanese culture, usually created to promote a particular region, event or business. ( read original story ...)
Asia shares fall as Apple’s glossy earnings effect fades
TOKYO (AP) — Asian markets mostly fell Thursday as the rally from news of Apple's strong earnings that spurred record highs for the Dow Jones industrial average faded. Myriad worries over China's rising debt, weaker commodity prices and possible rising ... ( read original story ...)
Japan’s Abe to launch new cabinet after scandals
Tokyo, Aug 3 (AFP) Japanese Prime Minister Shinzo Abe today ... including allegations of favouritism to a friend in a business deal — which Abe strongly denies. Abe will reportedly reappoint former defence minister Itsunori Onodera to the post after ... ( read original story ...)
Can Japan provide answers to the west’s economic problems?
Others, especially in business, believe it is a pipe dream to think the economy ... walked into Kakio station, on the outskirts of Tokyo, and sat down on a platform bench. They looked like sisters, said one witness. They were dressed in their best clothes. ( read original story ...)
Update on Toshiba Memory Corporation’s Investment in Production Equipment for Fab 6 at Yokkaichi Operations
TOKYO--(BUSINESS WIRE)--Toshiba Corporation (TOKYO:6502) today announced that Toshiba Memory Corporation (TMC), a wholly-owned subsidiary that manufactures Flash memory, will unilaterally invest in manufacturing equipment for the Fab 6 clean room at ... ( read original story ...)
Asian shares dip on profit-taking after Dow hits 22,000
TOKYO (Reuters) - Asian shares dipped on Thursday as investors locked in recent gains after Wall Street's Dow Jones Industrial Average broke the 22,000 barrier for the first time in its 121-year history. MSCI's broadest index of Asia-Pacific shares outside ... ( read original story ...)
Furukawa Electric begins mass producing stealth dicing tape
TOKYO--(Antara/BUSINESS WIRE)-- Furukawa Electric Co., Ltd. (TOKYO:5801) has begun mass producing expand separation dicing tape, a type of tape for use with semiconductors. Expand separation dicing tape delivers high-grade separation of IC chips from ... ( read original story ...)
Toshiba Memory Corporation Unveils Single Package NVMe TM Client SSD Utilizing 64-Layer, 3D Flash Memory
TOKYO--(BUSINESS WIRE)--Toshiba Memory Corporation, the world leader in memory solutions, today announced the launch of the BG3 series, a new line-up of single package NVM Express TM (NVMe™) client SSDs integrating Toshiba Memory Corporation’s cutting ... ( read original story ...)