Bringing you yesterday's news from Japan and Asia, today.
economy (Page 3)
On 9 April the Cool Japan Promotion Conference and Pop Culture Subcommittee was assembled to discuss and strategize ways to encourage growth in Japan’s popular culture sector. The session dealt with all of Japan’s notable influences around the world from Gundams to soccer.
Risk Monster, a credit management outsourcing service that calculates bankruptcy risk, recently announced the results of its first survey asking, “Which Japanese Companies Do You Expect to Still Exist in 50 Years.” The survey was conducted over the Internet on Feb. 25 and 26, and received 1,000 valid responses from influential individuals between the ages of 20 and 69.
Coming in third was Honda, second place went to the East Japan Railway Company, and grabbing the top spot was…
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The New South China Mall, situated in Dongguan City, is considered to be the largest shopping mall in the world. According to an Emporis in 2012 it has 600,153 m2 of gross leasable area.
It boasts a hotel, an indoor/outdoor roller coaster which spans the complex, a canal with gondolas, and various replicas including the Arc de Triomphe, and Sphinx. It’s an impressive feat of design and engineering.
The only problem with the New South China Mall is that it’s almost completely empty and unused. The Emporis’ report also refers to it as a “dead mall” and, according to a CNN Japan report, the escalators are covered in tarps and the passages are dusty and lined with shutters.
So what went wrong?
A major flaw of Japanese currency is the 10,000 yen bill ceiling of banknotes.
For daily life, having a system of bills which max out at around 100 bucks US is not a problem. But for those special times when you want to buy something high-end like a computer or melons, your wallet suddenly swells to the size of a baseball. In country that largely shuns checks or debit cards, cash is still king – a thick, hard to fit in your back pocket king.
Rumors are swirling about financial reforms in the works by Shinzo Abe’s recently elected Liberal Democratic Party involving, among other things, the issuing of 50,000 yen bills. Yes, it looks like – for once – a politician is looking out for the needs of people with too much money.
During an interview at his Kyoto headquarters this week, Nidec Corporation CEO Shigenobu Nagamori was quoted as saying, “Due to Japan’s strict labor laws, we cannot compete with enterprises in Korea and China.” He intends to lobby the government to relax labor regulations to allow for more flexible working conditions.
He additionally said that the government and the Bank of Japan need to weaken and maintain the yen to around a 90-100 yen to the dollar exchange rate in order for Japanese export companies to compete with booming exports from China and Korea. Read More
Krispy Kreme releases new limited-edition fox doughnuts at only four stores in Japan
Two new Sailor Moon art manhole covers are coming to Usagi’s real-world Tokyo neighborhood
Japan’s izakaya pubs closing at record pace, failing to attract foreign tourists
Gundam teams up with 300-year-old daruma maker for wood-carved anime mecha figures[Photos]
KFC Japan’s “The American Burgers” include a pile of guilt
Japanese government to allow desecration of flags on kids’ meals
Tokyo’s new extra-expensive ramen restaurant is dividing opinions, so we tried a bowl
Japanese temple burns to the ground, fire burning inside for 1,200 years unharmed
Pizza Hut Japan’s drinkable curry pizza is here – Is it all we dreamed it would be?[Taste test]
Used chopsticks upgraded from “waste” to “valuable material” by Kawasaki City thanks to ChopValue
Kanji ice cream becomes a sell-out hit in Japan
Japan has a new cute and clever sunblock for cat loversTokyo’s new extra-expensive ramen restaurant is dividing opinions, so we tried a bowl
This Tokyo Station sweets sensation sells out daily, but we finally got our hands on it
Japan’s instant ramen snack theme park features an athletic course even adults can enjoyJapanese temple burns to the ground, fire burning inside for 1,200 years unharmed
Krispy Kreme Japan is bringing two special donuts to the most-forgotten big city in the countryJapan’s izakaya pubs closing at record pace, failing to attract foreign tourists
Tokyo’s life-size Gundam anime mecha statue will be removed this summerGundam teams up with 300-year-old daruma maker for wood-carved anime mecha figures[Photos]Tokyo’s life-size Gundam anime mecha statue will be removed this summer
The average age of Japan’s hikikomori shut-ins is getting older, survey shows
Japan enters Golden Week vacation period, survey shows one in three plan to ride it out at home
Ichiraku Ramen-inspired ramen sets from Naruto anime pay homage to Naruto, Sasuke, and SakuraKanji ice cream becomes a sell-out hit in Japan
Japan’s new Pokémon jackets give you the look and powers of the Kanto starter trio
Japan now has gyoza doughnuts, and they taste like no other doughnut we’ve tried before
New Kyoto Converse sneakers celebrate Japan with traditional kimono fabrics for your feet
Studio Ghibli releases new anime keychains that are like miniature figurinesJapan has a new cute and clever sunblock for cat lovers
Japan’s human washing machines will go on sale to general public, demos to be held in Tokyo
Starbucks Japan releases new drinkware and goods for Valentine’s Day
We deeply regret going into this tunnel on our walk in the mountains of Japan
Starbucks Japan releases new sakura goods and drinkware for cherry blossom season 2026
Japan’s newest Shinkansen has no seats…or passengers [Video]
Major Japanese hotel chain says reservations via overseas booking sites may not be valid
Put sesame oil in your coffee? Japanese maker says it’s the best way to start your day【Taste test】
No more using real katana for tourism activities, Japan’s National Police Agency says
Japan reportedly adding Japanese language skill requirement to most common foreigner work visa
Japan’s 5.3 million beautiful Hitachi Nemophila flowers are now in full bloom[Photos]
Japanese government to allow desecration of flags on kids’ meals
Tokyo’s new extra-expensive ramen restaurant is dividing opinions, so we tried a bowl
Japanese temple burns to the ground, fire burning inside for 1,200 years unharmed
Pizza Hut Japan’s drinkable curry pizza is here – Is it all we dreamed it would be?[Taste test]
Used chopsticks upgraded from “waste” to “valuable material” by Kawasaki City thanks to ChopValue
Japan’s instant ramen snack theme park features an athletic course even adults can enjoy
Pokémon Company to require Japanese government ID cards for some online Pokémon card purchases
Bizarre Japanese vending machine sells “Peace and Equality” and “Angels and Demons”
Man in Japan calls in bomb threat because he doesn’t want to go to his own work farewell party
Krispy Kreme Japan is bringing two special donuts to the most-forgotten big city in the country
You’ll never win cash or prizes or cash at this Tokyo pachinko parlor, and that’s why it’s so cool
Tokyo’s life-size Gundam anime mecha statue will be removed this summer
McDonald’s Japan adds curry French fry flavor, regional-taste burgers to its menu with Gotochi Mac
Starbucks Japan hoping fans will go bananas for its new mottainai banana affogato Frappuccino