Nikkei Asian Review (Aug 1,2019) | 一般社団法人 ラテンアメリカ協会

Nikkei Asian Review (Aug 1,2019)

1 AUGUST 2019

Seven-Eleven Japan to scrap hacked mobile pay service in September
Convenience giant says it faces insurmountable security and brand hurdles

Fuzzy math strains Japan’s balanced budget goals
Government outlook pushes back primary surplus by two years to fiscal 2027

Japan and South Korea ministers make no progress on export curbs row
Tokyo set to decide on removing its neighbor from ‘white list’ as tensions rise

US and China to fight for top GDP in 2060 while Japan dips to 5th
Report claims digital tech and free flow of data keys to future global economy

Japan to resume F-35 flights 4 months after fatal crash
Defense Ministry had concluded accident resulted from pilot’s vertigo

Need to work on the fly? Japan has a ‘phone booth’ office for that
Mitsubishi Estate plans to build 1,000 Telecubes at airports and train stations

Bank of Japan should not fear Donald Trump’s Twitter wrath
The economy could take fiscal easing, no matter what the US president thinks 

Japanese brokerages pummeled by poor retail business
Nomura rebounds from red but struggles continue in home market

Japan-South Korea feud puts intelligence-sharing pact at risk
Seoul considers end to partnership as trade row and radar lock-on mar security ties

Mazda faces 70% operating profit drop as US sales hit skids
Revamped but more expensive core models struggle to attract drivers

Nomura Real Estate acquires 14-story office tower in Vietnam
Prime location with occupancy rate of 98% houses mostly foreign companies

Grab bets on Vietnam, Malaysia in bid for super app status
Unicorn aims to expand reach beyond Singapore and Indonesia with startup investments

Meet the team with a burning desire to protect Kyoto’s Kiyomizu-dera temple
Monks, shopkeepers and business owners ready to rush in should fire threaten one of Japan’s most cherished treasures

31 JULY 2019

Hello Kitty theme park to open on Chinese resort island Hainan
Venue seeks to attract 2m visitors a year after it opens in 2024

Pompeo to ask Japan and South Korea to put dispute on hold
US secretary of state to hold three-way meeting with Asian counterparts on Friday

Inside the lose-lose trade fight between Japan and South Korea
Samsung’s chip business faces “burdens” from Tokyo’s new export controls

Japan-South Korea dispute has roots in 1965 postwar agreement
Tokyo says claims over colonial past are settled, but Seoul seeks to ‘set history right’

Nintendo hopes to dazzle gamers in China and US with Switch Lite
Game giant faces intense competition as Apple and Google enter the market

US loses out as Japan cuts meat and wine duties for others
TPP members and EU reap benefits of rising consumer demand 

Bank of Japan weighs further easing with eye on US and Europe
Push against stronger yen risks blow to ailing banks and investors

Japan and US break new ground on free digital trade
In contrast with China, companies can host servers anywhere and keep software secrets

Mercari to buy Asian soccer champs Kashima
Purchase from Nippon Steel expands internet business presence in J.League

Korean airlines cut Japan flights amid struggle to fill seats
Bilateral row seen having prolonged impact on travel between neighbors 

Taiwan joins Asia digital banking push with 3 new online licences

30 JULY 2019

Cambodia’s alleged China military deal risks destabilizing regional order
Southeast Asia and beyond should voice concerns about Beijing’s use of naval base

SoftBank incubator steps up investment in Japanese AI
Trade war and China security concerns could be opportunity for tech sector

BOJ’s Kuroda says he is ‘more positive’ on further easing
Japan’s central bank stands pat ahead of expected Fed rate cut

Renault-Nissan-Mitsubishi loses top automaker spot in first half
Franco-Japanese alliance cedes top spot to VW amid Nissan’s sluggish performance

Bandai Namco to expand production of ‘Gundam’ plastic models
Growing popularity in Asia prompts Japanese company to boost capacity by 40%

Japanese life expectancy hits record high
Women now live over 87 years on average and men more than 81

Japan sees record number of women working, but challenges remain
Labor crunch manages to open seams in notoriously rigid corporate cultures

Nippon Yusen’s digital wallet to help foreign crew with remittances
App lets employees convert e-money into any currency at Citibank ATMs

Japanese computer parts maker pleads guilty to price-fixing in US
NHK Spring agrees to pay $28.5m fine in felony conspiracy case

Japan’s jobless rate down to 2.3% in June

Japan’s June industrial output falls 3.6% on month

Chinese and Indian robots battle for Japan’s logistics money
Quicktron and GreyOrange market cheap solutions to warehouse labor shortage

Asia awash in Chinese steel as Trump tariffs wall off US
Trade war divides market, leaving no clear winner as demand weakens

Will Japan’s tax hike hurt? Government and economists disagree
Official outlook sees 1.2% growth in fiscal 2020, but outsiders say 0.5%

Japan’s manufacturing slump deepens as two-thirds see profit fall
Trade war and China’s slowdown hurt exporters from electronics to autos 

India and China cannot rely on US oil as Iran troubles heat up
American shale offers some hope for Asia, but practical problems too

Banking & Finance

Money laundering spikes in Japan as global crime moves in
Record number of cases uncovered last year, police report shows

Masayoshi Son commits $2bn to Indonesia through Grab
SoftBank CEO meets Jokowi with plans to focus on AI and green vehicles

29 JULY 2019

Japan’s all-in-one bourse set to open in fiscal 2020
Japan Exchange Group in final talks to buy Tokyo Commodity Exchange for $46m

Tokyo readies $1bn for cyborg and waste elimination research
Government to choose 25 areas, to switch looming crises into innovative products

US video conference startup Zoom to expand Japanese operations
Increase in remote work prompts company to beef up staff ahead of 2020 Olympics

Chinese streamer Douyu plots leap into Japan
Joint venture with Mitsui will target country’s burgeoning esports market

Multinationals woo Japan’s foreign students amid labor crunch
Lack of language skills hinders hiring despite government support

Tokyo’s biggest post-Olympics construction planned near Ginza
Mitsui, NTT and Tepco team for offices, shops and hotel over 70,000 sq. meters
Japan’s food tech companies find fresh ways to extend shelf life
Tuna wrapped in mold keeps for 20 days while dried veggies last two years

58% in Japan support export curbs on South Korea: Nikkei survey
Respondents divided on sending Self-Defense Forces to Strait of Hormuz

ANA to debut first route to Russian city with Vladivostok flights
Airline intrigued by 20% growth in tourists to Japan

US and Australia team up against China’s dominance in rare earths
Japan also joins bid to lessen Beijing’s ability to wield minerals in disputes

Japan’s shippers see buoyant earnings despite trade slowdown
Cost cuts and lower capacity fuel first-quarter gains

US and Japan to start high-level trade talks in August
Ministerial discussions will likely focus on farm products and autos