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TOKYO (AP) — Several major Japanese companies have decided to stop using stars who are represented by Johnny & Associates, an entertainment company at the center of a sexual assault scandal. Victims have come forward, demanding an apology and financial compensation from Johnny & Associates, which remains one of this nation’s most powerful entertainment companies. Critics say the mainstream news media kept silent because it didn’t want to lose access to Johnny’s stars for their programming. But public opinion has shifted dramatically in recent months, with the wave of companies dropping Johnny's expected to grow. Suntory Holdings said it will stop using Johnny’s personnel in its ads and has formally demanded improved corporate governance.
Persons: Johnny &, Junichi Okada, Toma Ikuta, Sho Sakurai, Johnny, Julie Keiko Fujishima, Johnny Kitagawa, Fujishima, Kitagawa, Hibiki, Hokuto, Atsushi Katsuki, Johnny's, , ___ Yuri Kageyama Organizations: TOKYO, Johnny, Johnny & Associates, Beverage, Asahi Group Holdings, Johnny’s, Japan Airlines, Nippon Life Insurance, Suntory Holdings, Asahi, Twitter Locations: Tokyo, SixTONES
Japan's Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world's largest beer market. The company divested from China years ago due to the lack of "premiumized products" and "very low" prices at that time, Katsuki said. In 2017, Asahi announced it would sell its nearly 20% stake in China's Tsingtao Brewery to Fosun Group and its subsidiaries. "But with the entry of the international brands and also craft beer, the premium segment in China is now really taking off and growing substantially." "Asahi Super Dry has the largest sales already from the China market now and it's growing double digits every year, so we want to continue to really invest into this premium market," he added.
Persons: We've, Atsushi Katsuki, CNBC's Martin Soong, we're, Katsuki Organizations: Japan's Asahi Group Holdings, Asahi, Fosun Group Locations: China, Tsingtao
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe cost pressure is big when it comes to our glass bottles, Asahi Group CEO saysAtsushi Katsuki of the food and drinks business says the company isn't optimistic about the outlook on inflation.
We would see rising wages in Japan as favorable, Asahi Group CEO
  + stars: | 2023-02-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe would see rising wages in Japan as favorable, Asahi Group CEOAtsushi Katsuki of the food and drinks business says rising wages would lead to an increase in personal consumption, "which is good for our company's business performance."
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