Archive for July, 2010

Falling prices, rising deflation fears

In August, prices in Japan fell at a record pace. Therefore, at present the fear of deflation is growing, which could undermine the tentative economic recovery.The consumer price index, in which the fluctuating prices of fresh food are not taken into account, fell year on year by 2.4 percent, as the Japanese government announced on Tuesday.


Fancy restaurants as lubricating oil is no longer needed

The Tokyo entertainment district feel the impact of the change in government. The Ryotei, exclusive Japanese restaurants offering traditional cuisine, which used to be bureaucrats, business leaders and LDP politicians to make discreet struggling for survival today.”First, the bureaucrats will disappear, then the business leaders, and now even the politicians.

Provider of consumer loans is short on cash

Japan's second largest institute for consumer loans Aiful expects the current fiscal year with a loss and has to shed up to 2,000 jobs announced. Aiful expected by the end of March 2010, a loss of EUR 311 billion yen, Bloomberg reported. The company, headquartered in Kyoto, wants to reduce its workforce by early retirements.

Suntory will Orangina

Japanese beverage company Suntory Holdings has submitted the investment firms Blackstone and Lion Capital, a firm offer of 2.6 billion euros to buy the French Orangina, reports the Financial Times. Suntory apparently wants to strengthen its bargaining position with the deal over the brewery Kirin, Suntory is currently negotiating with a merger.

No desire for Louis Vuitton

It is still not long ago, there were no exclusive luxury products in Japan, but standard for the masses. Even in the “lost decade” that followed the bursting of the bubble economy in the early nineties, a handbag from Louis Vuitton part of the basic equipment of every Japanese woman who was holding something up.

The middle-class society is over

The Yomiuri Shimbun has performed together with the British broadcaster BBC between June and August, a survey in 20 countries. It was about the question of how to feel the economic distribution of wealth within the country.Surprisingly Have shown here, especially the wealthy industrialized countries to be extremely dissatisfied.

Japan in the H & M fever

On 19 September 2009, H & M opened its newest branch in Tokyo's Shibuya district. By the end of the year there will be only six stores in the Greater Tokyo region next spring and for the first H & M branch in Osaka's center is planned.”But in six months we have with our stores in Ginza and Harajuku made a turnover of 6 billion yen” is looking forward Christine Edman, H & M, the head of Japan, the success and further expansion plans confirmed the same: “We schedule of our global operations by 50-10% and also to expand into Japan, we want to restrict ourselves not only on the major metropolitan centers.

Sweat and tears for Kim Jong-il

North Korea renewed a campaign, which continues its citizens to make an effort to work more and longer until the end of December. To reduce the so-called 150-day battle with the aim of food shortages and renew the aging infrastructure has, on 20 April and was originally started by 17 Last September.

“No English”

Business with languages ​​has declined in Japan in fiscal year 2008 for the fourth consecutive year. According to a report by the Yano Research Institute in Tokyo, sales of voice-related products and services compared to the previous year by 5.2 percent to 767.2 billion yen back. English language schools, which account for a large part of this language market explain the decline of the economic crisis and the aftermath of the bankruptcy of Japan's largest language school NOVA in October 2007.

Violent courting ugly bride

At the urging of the Japanese Transport Ministry has the stricken Japan Airlines.JAL expands from 6,800 sites The global economic crisis and the fear of swine flu could break off of JAL's international air traffic, especially in the revenue and pulled in the 2nd Quarter of a gigantic hole of 99 billion yen to raise capital and implement tough restructuring measures.