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☆ Japan's Nikkei seen rising to 35,000 by mid-2024 on earnings boost: Reuters poll
▼ + stars: | 2023-11-21 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

A man looks at an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan June 14, 2023. The median forecast for the Nikkei's level in mid-2024 was 35,000, with responses ranging from 31,143 to 39,500, the Reuters poll of 10 stocks strategists taken Nov. 10-20 showed. Japan's equity benchmark started this week by pushing to its highest level since March 1990 at 33,853.46 following a three-week winning streak. That would mean some stagnation for equities in the latter half of next year, with the Nikkei still stuck at 35,000 at year-end, according to the median poll response. "35,000 looks to be about the level where Nikkei gains line up with the timing of the BOJ getting rid of negative interest rate policy," Sycamore said.

Persons: Kim Kyung, Masayuki Kichikawa, IG's, Tony Sycamore, Sycamore, Kevin Buckland, Junko Fujita, Noriyuki, Rahul Trivedi, Pranoy, Alex Richardson Organizations: Nikkei, REUTERS, Rights, Bank of Japan, Federal, Sumitomo Mitsui DS Asset Management, Thomson Locations: Tokyo, Japan, IG's Sydney

TOKYO (AP) — The Japanese entertainment company that has acknowledged its founder sexually assaulted hundreds of boys over the span of half a century, took a new name on Monday: Smile-Up. Higashiyama, tapped last month to head the old Johnny’s, will now be president of both Smile-Up and the new company. “All things with the Johnny’s name will have to go,” Higashiyama told reporters at a Tokyo hotel. Payments will begin next month, Higashiyama said. That causes great pain to the victims,” said Junya Hiramoto, who heads a group of Johnny’s victims.

Persons: Noriyuki Higashiyama, Johnny’s, ” Higashiyama, “, Johnny Kitagawa, Higashiyama, Kitagawa’s, Julie Keiko Fujishima, Fujishima, ”, Mary, Kitagawa, Johnny, Yoshihito Kawakami, Junya Hiramoto, Yuri Kageyama Organizations: TOKYO, Johnny, Associates, Johnny’s, BBC, Johnny & Associates, Associated Press Locations: Tokyo, Johnny’s, Japan

TOKYO (AP) — The Japanese boys-band production company at the center of an unfolding sexual abuse scandal, Johnny & Associates, chose three former judges Wednesday to head its effort to compensate hundreds of victims. “We recognize that the late Johnny Kitagawa carried out sexual assaults over a long period, and we apologize to the victims from the bottom of our hearts,” the company said. Among the latest was Kao Corp., a chemical and cosmetics company, which cited “considerations for people’s various feelings” on Tuesday. McDonald’s Japan has also said it will stop using Johnny’s stars in future deals, but past ads featuring them remained on its official site. Johnny’s stars are extremely popular, leading to sponsorship revenue and hit TV shows.

Persons: Johnny Kitagawa, Kitagawa, Julie Keiko Fujishima, Johnny's, Noriyuki Higashiyama, Johnny’s, “, ”, McDonald’s, ___ Yuri Kageyama Organizations: TOKYO, Johnny & Associates, Asahi Group Holdings, Suntory Holdings, Kao Corp, Public, NHK, Japan Federation of Bar, Business, Rights Locations: Tokyo, Japan, McDonald’s Japan

☆ Japan's Johnny Kitagawa sex abuse scandal forces shake-up at J-pop agency
▼ + stars: | 2023-09-07 | by ( Francis Tang | ) www.reuters.com time to read: +2 min

TOKYO, Sept 7 (Reuters) - The niece of Johnny Kitagawa, the late J-pop magnate at the centre of a sexual abuse scandal that has shocked Japan, said on Thursday that she had stepped down as the head of the talent agency her uncle had founded. As more Japanese media took up the story, lawmakers voiced outrage, while the United Nations' human rights experts also criticised the talent agency for its handling of the allegations. At a press conference televised live by most broadcasters, Kitagawa's niece Julie K. Fujishima said she had stepped down as president on Tuesday. Noriyuki Higashiyama, a former member of the popular 1980s boy-band Shonentai, was the new head of the agency, Fujishima said. But the scandal blew up this year as more victims came forward after the BBC's report, leading to demands for stricter laws to prevent child abuse and a formal apology from the agency.

Persons: Johnny Kitagawa, Kitagawa, Kitagawa's, Julie K, Fujishima, Noriyuki, Higashiyama, Francis Tang, Kantaro Komiya, Kiyoshi Takenaka, Chang, Ran Kim, Simon Cameron, Moore Organizations: BBC, United Nations, Johnny, Associates, Johnny's Juniors, Thomson Locations: TOKYO, Japan, East Asia

☆ Head of Japan's top pop agency resigns after admitting founder Johnny Kitagawa sexually abused minors
▼ + stars: | 2023-09-07 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

CNN —The head of Japan’s top pop agency Johnny & Associates stepped down Thursday after admitting that her uncle, the company’s late founder, had sexually abused minors for years, following months of international scrutiny and an independent investigation. Julie K Fujishima, the niece of Johnny Kitagawa, announced her resignation in a news conference Thursday, saying the company would compensate the victims of her uncle’s abuse, according to public broadcaster NHK. It was the first time the agency has addressed the media about the scandal, according to NHK. He alleged that over the course of four years, beginning in 2012 when he was 15, he was repeatedly sexually assaulted by Kitagawa. In 1999, a Japanese magazine published accounts of other young men and boys who claimed they were sexually abused by Kitagawa.

Persons: Julie K Fujishima, Johnny Kitagawa, Kitagawa, Noriyuki Higashiyama, Higashiyama, “, Jae, Mary Kitagawa, Fujishima, Kauan Okamoto Organizations: CNN, Johnny, NHK, BBC, Johnny & Associates, Associates Locations: Tokyo

Fujishima said the alleged sex abuse had really happened and that she would stay on the company’s board to see through a victim compensation program. A group of men who accused Kitagawa of raping them as children said they were pleased the company apologized, but some had reservations. The three-month probe concluded that Johnny Kitagawa sexually assaulted and abused boys as far back as the 1950s and targeted at least several hundred people. The men who have come forward say Kitagawa raped, fondled and abused them while they were working for his company as dancers and singers. One man who came forward recently said he was routinely molested when Kitagawa had yet to found his company.

Persons: Julie Keiko Fujishima, Johnny Kitagawa, ” Fujishima, Fujishima, Kitagawa, Yukihiro Oshima, Noriyuki Higashiyama, “, ” Higashiyama, ”, Higashiyama, ” ___ Yuri Kageyama Organizations: TOKYO, Johnny & Associates, BBC Locations: Tokyo

☆ Why Japan is lagging behind in generative A.I. — and how it can create its own large language models
▼ + stars: | 2023-07-07 | by ( Audrey Wan | ) www.cnbc.com time to read: +7 min

But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Generative AI has been the trendiest topic in tech since OpenAI made waves with its chatbot ChatGPT. Key to generative AI development are large language models which underpin the likes of ChatGPT and Baidu's Ernie Bot, capable of processing vast data sets to generate text and other content. Japanese companies pursuing generative AIBig Tech players have also joined the fray to boost Japan's standing in generative AI. While it has yet to catch up in the generative AI space, Japan is making its first stride with these private sector efforts.

Persons: Goldman Sachs, Ernie Bot, Noriyuki Kojima, Kojima, Fumio Kishida, Sam Altman, Masayoshi, Son, Amir Anvarzadeh, Anvarzadeh, CyberAgent, Bloom Organizations: Getty, Japan, Technology, Reuters, Microsoft, Google, Ministry of Economy Trade, Industry, IMD, Nikkei, Tokyo Institute of Technology, Tohoku University, Fujitsu, Riken, Japanese, Big Tech, SoftBank Group, SB Energy, Toyota Tsusho, Fortress Investment, Vision Fund, Asymmetric Advisors, NTT, Local Locations: Japan, China, Europe, Nikkei Asia, Government, Tohoku, Hokkaido, SoftBank

☆ Opinion: It’s no accident world leaders are revisiting this site of nuclear devastation
▼ + stars: | 2023-05-17 | by ( Opinion Paul Sracic | ) edition.cnn.com time to read: +6 min

CNN —It’s no accident that Japanese Prime Minister Fumio Kishida selected Hiroshima as the site for the 2023 G7 meeting. Paul Sracic Arne HoelSince World War II, Hiroshima has served as a powerful symbol of the catastrophic consequences of nuclear weapons. Not surprisingly, 78 years later, many Japanese are still haunted by the horrors of nuclear war. The threat of nuclear weapons is one Kishida has both written and spoken about before. The proliferation of nuclear weapons to North Korea, not to mention the ongoing nuclear program in Iran, alongside the ongoing concern that Russia might use nuclear weapons in Ukraine serve as a reminder of the urgent need for global cooperation to mitigate the risk of nuclear war.

☆ At Hiroshima G7, bomb survivors grapple with a disarmament dream deferred
▼ + stars: | 2023-05-16 | by ( Sakura Murakami | ) www.reuters.com time to read: +5 min

[1/6] U.S. President Barack Obama (L) hugs atomic bomb survivor Shigeaki Mori as he visits Hiroshima Peace Memorial Park in Hiroshima, Japan May 27, 2016. Kishida, who represents Hiroshima, said he chose it for the summit to focus attention on nuclear weapons. "I want to see the leaders commit to getting rid of nuclear weapons," Mori, 86, said in an interview. Senior German government sources did not list nuclear disarmament as a high priority, saying at the G7 it was "important mainly for Japan". "We recognise that the current international landscape is very challenging given Russia's threat to use nuclear weapons," one Japanese government official said.

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