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☆ Gen Z still can't make up its mind about working in the office
▼ + stars: | 2023-01-30 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Gen Z is divided on the question of remote work, according to a new Dell Technologies study. In a survey, 29% of respondents said remote work is important, but another 29% said they favor office-based roles. As Insider's Aki Ito wrote in June, the preference for remote work is largely split by generation, with the oldest workers expressing the strongest preference for permanent remote work and the youngest workers — Gen Z — expressing the least preference. Many companies have been changing their remote work policies as the world continues to adjust after the pandemic. Meanwhile, JPMorgan's CEO Jamie Dimon is famously against remote work, and the company has been tracking staff office attendance using employee ID swipes.

☆ PSG's poor run continues with Reims draw
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +3 min

The capital side, who had lost two of their three previous games, have 48 points from 20 games with Lens on 45 and Marseille on 43 in an open title race. Reims are 11th on 26 points after stretching their Ligue 1 unbeaten run to 12 games. In the 51st minute, Messi's shot was deflected into the path of Neymar, who dribbled past Yehvann Diouf before poking the ball home. But PSG continued to dominate with Sergio Ramos coming close with a double header and Achraf Hakimi having a goal disallowed for offside. Reporting by Julien Pretot; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ I used to work as a chef in Philadelphia. Here are the 12 restaurants I always recommend to first-time visitors.
▼ + stars: | 2023-01-28 | by ( Grace Kennedy | ) www.businessinsider.com time to read: +11 min

I'm a Philadelphia native who used to work as a chef and baker in restaurants around the city. Philadelphia is known for its cheesesteaks, but it also has great Mexican, Italian, and Thai food. There are too many restaurants in Philadelphia worth trying to list them all here. However, these 12 restaurants are my tried-and-true favorites that every first-time visitor should try during a trip to Philadelphia. In my opinion, it serves some of the best Thai food in the country.

☆ Are jerks more likely to get ahead at work?
▼ + stars: | 2023-01-23 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Even worse, all the cutthroat role models we're surrounded by at work make us hesitant about being nice ourselves. In the social sciences, the technical term for jerks — those who are combative, selfish, and manipulative — is "disagreeable." Call this the jerk way. All in all, being a jerk doesn't help you get ahead — but it also doesn't hurt. Sutton's no-asshole rule has become widely adopted, and businesses like Atlassian have overhauled their performance reviews in part to ensure that "brilliant jerks" can't get ahead.

☆ Japan's inflation rate will probably be above 2% for some time, professor says
▼ + stars: | 2023-01-20 | 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 EmailJapan's inflation rate will probably be above 2% for some time, professor saysTakatoshi Ito of Columbia University says the country's inflation rate is still on an "upward trend."

TOKYO, Jan 19 (Reuters) - The Bank of Japan may raise a cap set around its 10-year bond yield target to 0.75% or double it to 1.0% by around mid-year if inflation overshoots its expectations, Columbia University academic Takatoshi Ito said on Thursday. Depending on inflation and wage developments, the central bank may also abandon negative rates by raising its short-term interest rate target from -0.1% by the end of this year, Ito told Reuters in an interview. Ito, who is a close associate of BOJ Governor Haruhiko Kuroda's, is considered by some analysts as a candidate to join the central bank's leadership when the terms of Kuroda and his two deputies end in the coming months. Kuroda's term is up in April, while those of his two deputies expire in March. Reporting by Leika Kihara and Takaya Yamaguchi Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: BOJ bullishness on wages suggests days of super-low rates are numbered
▼ + stars: | 2023-01-19 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Kuroda likely put YCC on life support so his successor can strategise an orderly exit, said former BOJ official Nobuyasu Atago. He said the bank could raise the 0.5% yield cap to as high as 1% around mid-year and ditch negative rates by year's end. The parent of casual clothing giant Uniqlo says it will raise wages as much as 40%. "If the BOJ ends negative rates, that would widen the spread between deposit and lending rates so would definitely be positive for us," he said. With YCC creaking under market pressure, the BOJ may not be able to wait too long.

"Junji Ito Maniac: Japanese Tales of the Macabre" comes to Netflix on January 19. The 12-episode anime series brings 20 of Ito's horror manga tales to life. How to watch 'Junji Ito Maniac: Japanese Tales of the Macabre'You can watch "Junji Ito Maniac: Japanese Tales of the Macabre" exclusively on Netflix starting January 19. "Junji Ito Maniac: Japanese Tales of the Macabre" is based on 20 of Junji Ito's horror stories from a handful of his manga. Junji Ito is a horror manga artist with something of a cult following.

☆ The bloodletting at Goldman Sachs might not be done yet as the bank looks for more ways to cut costs
▼ + stars: | 2023-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

If you're a Goldman Sachs' employee who made it through the company's recent layoffs, be warned: There could be more to come. Anyone hoping Goldman's fourth-quarter earnings report would represent a fresh start for the bank was sorely disappointed. Today should provide some hints at to how the bank will navigate things, as Goldman is set to inform employees on their year-end bonuses. Steve Pagliuca, the PE firm's co-chairman, is retiring, The Wall Street Journal reports. Read more on how Wall Street analysts got it so wrong.

☆ A leaked Google memo compared it to slime mold
▼ + stars: | 2023-01-17 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

It's like the start of a joke: What do Google and slime mold have in common? A lot, says a memo from an ex-Googler comparing the org to a "slime mold." (A key difference: Stanford grads aren't desperate to intern at a slime mold.) But with ChatGPT setting off alarm bells inside and outside the org, Google should probably move faster and with more intention than slime mold. The most memorable part of the memo compares Google's bottom-up organizational structure to a "slime mold," highlighting how both Google and a slime mold can work independently but still come together to solve complex problems.

☆ Economists say BOJ's Amamiya is top governor candidate, tightening this week unlikely
▼ + stars: | 2023-01-16 | by ( Kantaro Komiya | ) www.reuters.com time to read: +5 min

Of the 24 economists who replied to the Jan 5-12 poll, 16, or 67%, chose Amamiya as the most likely candidate to become the next BOJ governor. Four economists in the poll, or 17%, chose Nakaso, who is seen less dovish than Amamiya, as the most likely candidate. In a September poll that asked the same question, Amamiya and Nakaso received 61% and 33% of economists' votes, respectively. Five analysts expected the unwinding of easing to start in April, at the first BOJ meeting under the new governor. Elsewhere in the poll, 83% of economists said Japanese nominal wages were unlikely to outpace rising consumer prices in 2023.

☆ Salary Transparency Is Coming — so I Decided to Tell Everyone What I Make
▼ + stars: | 2023-01-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +37 min

But there's a glaring catch to my support for pay transparency: I haven't actually practiced it in my own life. To find out why, I decided to commemorate the dawning age of salary transparency by telling pretty much everyone in my life what I earn. Norway responded to pay transparency with yet another level of transparency, and that brought down the level of snooping.. Thanks to its nationwide experiment, Norway has been fertile ground for scholars trying to measure the consequences of extreme pay transparency. But I do believe that as more states implement pay-disclosure laws — and as Gen Z increasingly comes to dominate the workforce — salary transparency is going to become the new norm.

☆ One chart shows how employment has changed throughout the US economy almost 3 years after the start of the pandemic
▼ + stars: | 2023-01-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

The US labor market has been above its pre-pandemic February 2020 employment level for a while. Some sectors are still below pre-pandemic employment almost three years since the official start of the pandemic. While leisure and hospitality isn't back at its pre-pandemic employment level, it still has been experiencing large monthly job gains as workers are needed to meet demand. Air transportation was 11.7% above its February 2020 employment level in December. It continued to expand throughout the pandemic and was 30.8% above its pre-pandemic employment as of December.

Kishida, who will host a summit of the Group of Seven (G7) industrial powers in May, will meet leaders of the United States, Britain, France, Italy and Canada this week. "As leader of the G7 chair this year, I'll be making this visit to reaffirm our thinking on a number of issues," Kishida told a Sunday news programme. "With the United States, we'll discuss deepening our bilateral alliance and how to maintain a free and open Indo-Pacific." On semiconductors, Japan and the United States are deepening cooperation on advanced chip development amid growing trade tension with China. "Holding a successful G7 summit would bring him maximum political points - and this trip is preparation for that," said Airo Hino, a political science professor at Waseda University.

☆ It's official: Remote work is going to make it easier to buy a home
▼ + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.

☆ Academic close to Japan's Kuroda says BOJ moving towards policy normalisation
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +2 min

Kuroda said then that the move was not a prelude to an exit from ultra-loose policy, because recent price rises meant Japan's inflation-adjusted, real interest rate had been declining. Japan's annual consumer inflation rate hit 2.8% in November even when excluding the effect of higher energy and food prices. "That would be an ideal initial condition for the BOJ to start hitting its inflation target on a more sustainable basis," Ito said. Ito and Kuroda, who have been close since working together at Japan's finance ministry in 1999-2001, lobbied hard for the BOJ to adopt a 2% inflation target to end deflation. The BOJ did so in early 2013 and deployed a massive stimulus programme when Kuroda became governor months later.

☆ Japan PM Kishida to replace reconstruction minister Akiba - NHK
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Dec 26 (Reuters) - Japanese Prime Minister Fumio Kishida will replace reconstruction minister Kenya Akiba with former financial services agency minister Tatsuya Ito, public broadcaster NHK reported on Monday. Akiba would be the fourth minister to be let go from the cabinet of Kishida, whose approval ratings have remained low after the killing of former premier Shinzo Abe revealed close connections between ruling Liberal Democratic Party lawmakers and the church, which critics say is a cult. Reporting by Rocky Swift Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Japan PM Kishida to replace embattled reconstruction minister Akiba - NHK
▼ + stars: | 2022-12-26 | by ( Sakura Murakami | ) www.reuters.com time to read: +2 min

TOKYO, Dec 26 (Reuters) - Japanese Prime Minister Fumio Kishida, who is battling low approval ratings, will replace a government minister for the fourth time since he created his current cabinet in August, public broadcaster NHK reported on Monday. Discussions on a replacement for Kenya Akiba, minister responsible for overseeing the reconstruction of areas hit by Japan's massive earthquake and tsunami in 2011, are still underway, the broadcaster said. NHK initially reported that Akiba will be replaced by former financial services agency minister Tatsuya Ito, but later corrected that report to say a successor has not been picked. That's all I can say," Kishida said on Monday when asked whether he planned to replace Akiba. Kishida also plans to replace Mio Sugita, his Parliamentary Vice-Minister for Internal Affairs, Kyodo reported on Monday citing multiple unidentified government sources.

You can get the latest on that and much more from our finance newsletter, 10 Things on Wall Street. It's a snappy weekday read with the biggest stories on the Street, plus the latest on hot-spot restaurants, industry parties, and so much more. On the agenda today:Up first: Senior real-estate correspondent Daniel Geiger is giving us a behind-the-scenes look at the recent turmoil at Compass. With home sales dipping amid rising interest rates, Compass has cut workers and bled cash. In June, it laid off about 450 corporate staff, and in October, it let go of about half its 1,500-person tech team.

☆ Elon Musk Was Always a Visionary Jerk, Bad Boss at SpaceX, Tesla. but It Won't Work at Twitter.
▼ + stars: | 2022-12-18 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

Elon Musk has a pretty tried-and-true playbook for doing business — he's used it for years to build companies from Tesla to SpaceX. Twitter is the antithesis of an "Elon Musk company." And without a big, world-changing promise to paper over his sophomoric product ideas and erratic management, Musk's Twitter takeover is doomed. No time to wasteA Musk company is usually the first, and sometimes the only, company in a specific market. Based on his most recent quarterly calls with investors — the ones where he is supposed to talk about plans to make more money — Musk does not have one.

☆ The hidden upside of tech layoffs
▼ + stars: | 2022-12-14 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

In the midst of a wave of wholesale layoffs, many tech workers are somehow bouncing back stronger than ever. Ayas and her colleagues analyzed the fate of laid-off tech workers by looking at data from Parachute and Layoffs.fyi, both of which compile information provided by out-of-work employees. Today, not only are laid-off tech workers finding jobs quickly, Revelio Labs found, but 52% are actually earning more than they were before. That's not to say that laid-off tech workers will continue to face great job prospects forever. If the layoffs continue, the economy will eventually become oversaturated with tech workers — at which point their job searches will take longer, and more will be forced to accept lower salaries.

☆ Japan wins plaudits for World Cup shocks and fans cleaning up in stadiums
▼ + stars: | 2022-12-05 | by ( John Sinnott | ) edition.cnn.com time to read: +4 min

CNN —Japan bids the World Cup farewell after its World Cup last-16 penalty shootout defeat by Croatia on Monday, but the team and its fans left lasting memories that won the Asian nation plenty of plaudits in Qatar and across the watching world. After the win over Germany, Japan’s players cleaned up their dressing room, leaving it looking immaculate. Japan supporters celebrate the team's World Cup Group E win against Spain. Ozan Kose/AFP/Getty Images‘Good vibes’Before Monday’s last-16 match against Japan, Croatia midfielder Lovro Majer had paid tribute to what the Samurai Blue had done at this World Cup. “We beat Germany and Spain – both World Cup champions,” said Japan coach coach Hajime Moriyasu, according to Reuters, after Monday’s loss to Croatia.

☆ Employees Are Using Job Offers to Win Big Raises From Their Employers
▼ + stars: | 2022-11-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +10 min

Employers, not surprisingly, hate that people are using job offers as bargaining chips. That strategy may work for employers in a normal job market, when it's hard to find another job, let alone a better-paying one. "Employees are finding that there's a big gap between where they are and what they can get." "The job market is still performing very well," says Jay Denton, the chief analytics officer at LaborIQ, a compensation-data provider. Independence, it turns out, pays way, way better than loyalty.

☆ Doan to start for Japan, Costa Rica make two changes
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] Soccer Football - FIFA World Cup Qatar 2022 - Group E - Japan v Costa Rica - Ahmad Bin Ali Stadium, Al Rayyan, Qatar - November 27, 2022 Japan's Ritsu Doan and Takumi Minamino walk on the pitch before the match REUTERS/Issei KatoDOHA, Nov 27 (Reuters) - Coach Hajime Moriyasu has rewarded Ritsu Doan with a start in Japan's second Group E game against Costa Rica on Sunday after he scored as a substitute in Wednesday's stunning World Cup upset of Germany. Doan's promotion was one of five changes to the starting line-up from the Germany match, with Miki Yamane coming into the defence in place of Hiroki Sakai. Hidemasa Morita, Yuki Soma and Doan come into midfield with Ao Tanaka, Takefusa Kubo and Junya Ito dropping out, while Ayase Ueda will start up front in place of Daizen Maeda. Costa Rica coach Luis Suarez largely kept faith with the team that suffered a humiliating 7-0 loss at the hands of Spain in their group opener. Gerson Torres comes in for Jewisson Bennette in midfield, while Kendall Waston will line-up in a five-man defence in place of Carlos Martinez.

☆ Costa Rica shocks Japan with a 1-0 victory
▼ + stars: | 2022-11-27 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

Straight after half-time, however, the pace immediately lifted with the introduction of two new faces for Japan – Takuma Asano and Hiroki Ito. Hidemasa Morita shimmied his way to the penalty box and lined up a shot on goal that was batted away by Keylor Navas. Costa Rica bounced back from a 7-0 defeat against Spain in its opening match. With just nine minutes of regular time remaining, Japan saw its hopes of sealing a spot in the knockout stages slip away, and a chance late on with the ball ricocheting around the box was marshalled by Navas as Costa Rica held on for the win. With Spain and Germany playing later on Sunday, both teams’ fates will be decided in the last round of fixtures.

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