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South China Morning Post (November 25)

2018/ 11/ 27 by jd in Global News

The unfolding truth “appears to be rather different” than “the narrative spun by Nissan and apparently condoned by Japanese authorities.” When the full story about Ghosn is revealed, “it threatens to do at least as much damage to the reputation of the government and industry alliance known as Japan Inc as to the man at the centre of the affair” for it increasingly appears “Nissan’s old guard struck back against their ‘gaijin’ savior.”

 

Bloomberg (April 3)

2018/ 04/ 05 by jd in Global News

“Japan Inc. is on track to overtake China in overseas dealmaking for the first time in six years.” According to Bloomberg data, “Japanese companies have announced $26.9 billion of overseas acquisitions this year, compared with $16.5 billion by Chinese buyers.” The reversal is fueled by “a hunt for growth at Japanese firms…at a time when China’s most prolific acquirers have been hobbled by regulatory probes and new outbound investment rules.”

 

Nikkei Asian Review (March 15)

2018/ 03/ 16 by jd in Global News

“Japan Inc. still clings to outdated norms like seniority-based promotion and pay. Women still generally face more ‘non-regular’ job offers than full-time ones. Tokyo’s governance upgrades are no match for opaque practices that fueled false-data scandals at Kobe Steel, Mitsubishi Materials, Toray Industries and elsewhere.”

 

Financial Times (September 8)

2016/ 09/ 09 by jd in Global News

“Dealmakers salivate over Japan Inc succession survey,” reads the headline. A survey on corporate succession by Japan’s Ministry for Economy, Trade and Industry (METI) is being conducted on all first and second section TSE listed companies. The survey “is primarily an attempt to establish just how seriously Japan’s chief executives are taking the country’s corporate governance code a year after it was laid down,” but it may also reveal firms that, lacking a suitable successor, are open to acquisition by foreign companies.

 

Wall Street Journal (July 11)

2016/ 07/ 13 by jd in Global News

Spurred by Japan’s corporate governance reforms, Nintendo finally relented and committed to broadening its reach to mobile devices. Pokémon Go, one result of this decision, has boosted “the struggling Japanese firm’s market value by $7.5 billion—a turn of corporate fortune with lessons for Japan Inc. …. The fitness-conscious should like a video game that requires players to be active, and Nintendo’s long-suffering shareholders are glad that one of their products is breaking the internet. Here’s hoping other notoriously risk-averse Japanese corporations take the hint.”

 

Financial Times (March 16)

2016/ 03/ 17 by jd in Global News

“Some look at surging domestic mergers and a record Y10tn of outbound deals in 2015 and are convinced that the ministry, now known as Meti (the ministry of economy, trade and industry), has indeed recaptured some of its old magic. To them, recent talks to merge the PC units of Fujitsu and Toshiba, and Osaka Steel’s takeover of rival Tokyo Kohtetsu, show the ministry is running Japan Inc once again.”

 

Bloomberg (July 26)

2013/ 07/ 26 by jd in Global News

“Everyone from officials at the U.S. Treasury to punters in London trading pits to salarymen in Osaka are so ecstatic to see a Japanese leader acting boldly that they’ve forgotten to study his strategy. It’s great that Abe wants to shake Japan Inc. out of two decades of complacency. It’s equally important, though, that his fixes are the right ones and are implemented carefully.”

 

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