Trends

Department store trends

Isetan Mitsukoshi head cautiously optimistic on consumption

TOKYO -- After suffering from a protracted sales slump, Japan's department store industry is starting the second half of 2015 on a positive note. Foreign tourists, especially those from elsewhere in Asia, have helped boost sales significantly, bu...

  • Shifting strategies

    Megabanks look beyond Japanese companies in China operations

    TOKYO -- Japanese megabanks are strengthening operations in China again amid improving ties between the two countries. But this time, Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank and Sumitomo Mitsui Banking Corp. are expanding beyond their predominantly...

  • Philippine economy

    Manila sees autos as key to job creation

    MANILA -- The Philippine government wants to boost the country's auto industry as part of efforts to foster a domestic manufacturing industry and create jobs for the bulging population. In Laguna Province, southeast of Manila, Japanese automaker ...

  • China taxi apps

    Smartphone-based services have cab companies worried

    GUANGZHOU, China -- Taxi app usage is on the rise in China as the services offer access to more luxurious cars, cut waiting time and cost less than conventional cabs. While two companies dominate the country's taxi-hailing apps, users are expecte...

  • US usher in new era of dominance with World Cup win

    VANCOUVER (Reuters) -- The United States ushered in a new era of dominance with their Women's World Cup triumph on Sunday, a victory that will do plenty to bring an already passionate American interest in the sport to unprecedented levels. By cru...

  • Large talent pool

    Multinationals recognize India's potential as global R&D hub

    TOKYO -- India has long been on the radar not only as a huge market, but also as a manufacturing and export base for multinational corporations. With its large pool of talented workers with technical backgrounds, India has great potential to grow int...

  • Generic drugs

    Japan becomes a new frontier

    TOKYO -- Leading generic-drug makers are ready to tap into the Japanese market. The government in Tokyo recently moved to promote more use of generics in the country. It aims to raise the share of generic drug prescriptions to 80% between fiscal 2018...

  • Changes at the top

    LG Display, H&M among 4 new leaders in global market categories

    TOKYO -- Global market leaders were dethroned in four of 50 product and service categories in 2014, partly a result of companies boosting sales in China, where living standards are rising despite a slowdown in economic growth. South Korea's LG Di...

  • 2014 global market shares

    Japanese companies reign in carbon fiber, industrial robots

    TOKYO -- Japanese corporations were the global leader last year in nine out of 50 product and service categories, showing strength in businesses such as carbon fiber that cater to other companies, a Nikkei study released Sunday shows. U.S. compan...

  • Solar energy

    Foreign panel makers target Japan's residential demand

    TOKYO -- Overseas solar panel makers are banking on a combination of inexpensive, high-quality panels and improved customer service to tap Japan's growing market for home-use solar generation systems. Their shift toward the residential market com...

  • Starting early

    Nissan accelerating training for young managers

    TOKYO -- Nissan Motor is pushing its drive to cultivate globally minded executives further, beginning to train prospective managers while they are still young. The Japanese automaker aims to have corporate officers in their 40s, as French partner...

  • Global medicine

    Japanese companies join tuberculosis fight in Indonesia

    TOKYO -- Nipro, a maker of disposable medical equipment, and Otsuka Pharmaceutical will add their names to the campaign against the rampant tuberculosis outbreak in Indonesia by providing detection kits and drugs. The two Japanese companies are j...

  • Competitive heat

    Japanese carmakers launch new models in Indonesia

    TOKYO -- Japanese automakers are one after another introducing new cars in Indonesia, offering vehicles tailored to the expanding middle class. Daihatsu Motor this summer will update the Xenia, a vehicle with three rows of seats that is very popu...

  • India wired

    Private sector pledges $70bn for digital revolution

    NEW DELHI -- "E-governance is going to change into m-governance very fast," Prime Minister Narendra Modi announced Wednesday at an event staged to fast-track his Digital India initiative, which aims to deliver digital empowerment for all and a knowle...

  • Data protection

    'My Number' IT sellers eye small, midsize companies

    TOKYO -- Information technology companies are eager to provide new products to help small and midsize businesses prepare for the planned introduction of the "My Number" national identification system in January. Individuals will be notified of th...

  • Develop property

    How to react soberly to a government clampdown on your industry

    BANGKOK -- Thailand's two major beer-makers have been stepping up their property development businesses in a bid to bolster revenue. The truth is, it's becoming harder to sell beer and liquor in Thailand. In March, the government created a nation...

  • India technology

    Healthcare apps on the rise but ethics an issue

    NEW DELHI -- Two years ago, most patients visiting Dr. Manav Kalra's dental clinic in India's capital New Delhi would have heard about him by word of mouth. Now they are booking appointments after seeing his profile on Practo, a listing website for h...

  • Startup magnet

    Singapore unfurls the welcome mat

    SINGAPORE -- A vibrant startup ecosystem is taking hold in Singapore, attracting entrepreneurs from far beyond Southeast Asia. One of them is Mitsunobu Okada, who set up a company in the city-state in 2013. His business, Astroscale, is aiming hig...

  • 35% by fiscal 2030

    Japan's electricity sector reveals CO2 emissions cut plan

    TOKYO -- Japan's Federation of Electric Power Companies and a group of 19 power producers and suppliers on Thursday unveiled a draft of how they plan to reduce greenhouse gas emissions by around 35% of what the industry belched in fiscal 2013. Un...

  • China's retail evolution

    E-tailers, specialists clobber brick-and-mortar generalists

    DALIAN, China -- China's slowing economy is changing the shape of the country's retail industry, with traditional brick-and-mortar shops increasingly losing out to their online counterparts. According to the National Bureau of Statistics of Chin...