DIRS.INFO The most relevant business & tech news

Previously, the pranks had mostly affected the country’s famous sushi conveyor belt restaurants, prompting questions about their future. A video shared on social media shows a man, believed to be Shimazu, vigorously eating the ginger. Besides Kura Sushi, two other such chains — Sushiro, owned by Food & Life Companies, and Hamazushi — previously told CNN they had suffered similar disruptions. But the latest food pranks, magnified by social media, have sparked fresh debate in the wake of the coronavirus epidemic. In recent weeks, some Japanese social media users have questioned whether conveyor belt sushi restaurants and other communal serving practices can continue as consumers demand more attention to cleanliness.

Hong Kong/Tokyo CNN —Japan will restrict the overseas sale of chip manufacturing equipment, joining the United States and the Netherlands in curbing the export of key technology to China. The ministry said it would require stricter procedures to export to about 160 destinations such as China, while 42 territories — including the United States, South Korea and Taiwan — are recognized by Japan as having adequate export controls in place. All exports to countries not formally recognized will now require approval from the Japanese trade ministry, it added. The restrictions are not aimed at a specific country, the trade ministry told CNN on Friday. In October, the United States banned Chinese companies from buying advanced chips and chipmaking equipment without a license.

The company showed a preview of a new “Harry Potter” studio tour in the Japanese capital on Wednesday, its first outside the United Kingdom. “We’ve kept it all,” Jeff Nagler, president of worldwide studio operations at Warner Bros., told CNN in an interview in Tokyo. Warner Bros. and CNN share the same parent company, Warner Bros. The films “provided a lot of the profits of Warner Bros. Motion Pictures over the last 25 years,” he told analysts in a November results presentation. “We are very fortunate to have a huge share of the most beloved and globally recognized storytelling IP in the world, including ‘Harry Potter,’” he said.

Hong Kong/Tokyo CNN —Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has died aged 98, closing the chapter on one of Asia’s most storied retail entrepreneurs. A 7-Eleven convenience store in Japan's Kanagawa Prefecture, on January 9, 2023. So, how did 7-Eleven become synonymous with the Japanese convenience store culture as we know it today? He renamed the company Ito Yokado and started running the business like a US supermarket. Ito Yokado was renamed Seven & I Holdings in 2005, and Ito remained its honorary chairman until his death.

Last month, he called on companies to hike pay at a level above inflation, with some already heeding the call. Last month, Japan recorded its biggest drop in earnings, once inflation is taken into account, in nearly a decade. A changing job marketExperts say Japan’s wages have also suffered because it lags in another metric: its productivity rate. Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. “If some of the biggest companies in Japan raise wages, many other firms will follow,” if only to stay competitive, said Yamaguchi.

Tokyo CNN —Japan is grappling with the biggest drop in living standards in nearly a decade as inflation continues to soar. Japan saw a 3.8% year-on-year fall in inflation-adjusted wages in November, data published by the Ministry of Health, Labor and Welfare showed. It’s the biggest fall since May 2014, when a consumption tax hike at the time caused a 4.1% decline, according to data published by the ministry. Companies must generate profits and then properly distribute them to workers,” Kishida said Thursday while speaking at a New Year gathering hosted by Japan’s three major business lobbies. Wages in Japan have largely hovered at the same level over the last decade, according to the latest data published by the Organisation for Economic Co-operation and Development (OECD).

Tokyo CNN —Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize countryside towns and boost the falling birth rate. But this migration pattern, combined with Japan’s rapidly aging population, has left rural towns with fewer and fewer residents, as well as millions of unoccupied homes. Tokyo is consistently one of the world’s most expensive cities to live in, ranking fifth globally in 2022. For example, Tokyo has the lowest fertility rate of all 47 prefectures in Japan. Some rural towns have even begun paying couples who live there to have children.

Tokyo CNN —Police in Japan’s capital are urging people to moderate their alcohol consumption this holiday season following an increase in deaths of drinkers hit by vehicles after falling asleep on the street. As of November 25, 10 people had been killed in such accidents this year, Tokyo police said in a recent Twitter post – representing 22% of all pedestrian deaths in the capital. Japan has a relatively low level of alcohol consumption, according to a 2021 OECD study, which factors in the impact of the pandemic, but social drinking is commonplace during festivities. Alcohol consumption in Japan waned during the pandemic, with restrictions hitting the business of bars and other places selling drinks. In a post on its website last year, it called excessive alcohol consumption a “major social problem” that persisted despite the recent slowdown in consumption.

Austin later condemned North Korea’s “irresponsible and reckless activities” during a joint press conference with Lee. The South Korean government source said officials suspect it was a Hwasong-17, North Korea’s most advanced intercontinental ballistic missile that was first successfully tested on March 24. That launch set a new standard for Pyongyang, recording the highest altitude and longest duration of any North Korean missile ever tested. North Korea followed the presumed ICBM test Thursday with two short-range ballistic missile launches, according to South Korea and Japan. Japanese Prime Minister Fumio Kishida speaks to the media in Tokyo following North Korea's weapons tests.

Hong Kong/Tokyo CNN Business —A quarter of a century ago, a major financial crisis ripped through Asia, shaking its economies to the core. “I do not expect a repeat of the [1997] Asian Financial Crisis this time,” said Khoon Goh, head of Asia research at ANZ Research. “Importantly, there is not the same build up of foreign denominated debt in recent years, which was one of the triggers of the Asian Financial Crisis,” Goh added. China and Japan have the world’s two biggest foreign exchange reserves, holding $3 trillion and $1.3 trillion respectively. “Asia’s resilience in the face of the current global storm is partly the result of reform that the Asian Financial Crisis prompted,” Neumann from HSBC said.

Search resuls for: "Tokyo CNN"

10 mentions found