Business

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Business & Finance

Japanese Government Bonds Draw Global Money: Amundi Goes Bullish for First Time in 30 Years as Foreign Investor Buying Hits Record Levels

Europe's largest asset manager Amundi has shifted to overweight on Japanese government bonds for the first time in 30 years. Foreign investors bought a net ¥6.04 trillion ($40 billion) in JGBs in January 2026, the second-largest monthly figure on record. We analyze how BOJ rate hikes, political stability, and diversification from US assets are driving global money into Japan's bond market.

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Business & Finance

Rakuten's Fintech Mega-Merger: Banking, Securities & Credit Card Integration Aims to Build Japan's Super App

Rakuten Group has restarted talks to merge its banking, securities, and credit card businesses under Rakuten Bank by October 2026. With plans to unify financial apps and target 33 million bank accounts, the move represents Japan's boldest step toward a fintech super app. We analyze the strategy alongside global comparisons—Alipay, WeChat Pay, Grab, and GoTo—and examine how Rakuten's $11.5 billion mobile losses shape this financial gambit.

Business & Finance

Sogo Shosha Power Play: ITOCHU's $900M Bet on Hitachi Construction Machinery and the Business Model Buffett Loves

ITOCHU Corporation is raising its stake in Hitachi Construction Machinery to 33.4%, securing veto power over key corporate decisions with a $900 million additional investment. This deep dive explores Japan's unique Sogo Shosha business model, the global construction equipment rivalry with Caterpillar and Komatsu, and why Warren Buffett has poured $23.5 billion into Japan's five major trading houses. Does your country have anything like a Sogo Shosha?

Business & Finance

Tsumura Acquires 400-Year-Old Yomeishu for $45M: Japan's Kampo Giant Bets on Traditional Medicine Going Global

Japan's largest Kampo medicine maker Tsumura has announced it will acquire Yomeishu Seizo — maker of the iconic 400-year-old herbal medicinal liquor — for approximately $45 million. We break down the complex deal involving activist investor Yoshiaki Murakami's firm and explore why Japanese traditional medicine is gaining global momentum.

Business & Finance

Jibaku Eigyo at Tesla Japan: Employees Paid Out of Pocket to Meet Sales Quotas — A Deep-Rooted Japanese Work Culture Even Foreign Companies Can't Escape

An exclusive report reveals that employees at Tesla's Japan division were paying order fees out of their own pockets to meet sales targets — a practice known as "Jibaku Eigyo" (self-destructive sales). Senior executives, including the Japan CEO, have forfeited part of their compensation. We explore why this uniquely Japanese toxic sales culture persists even at a Silicon Valley giant.

Business & Finance

China's AGIBOT Enters Japan's Robot Market: "Bigger Than Cars" Claim Sparks Humanoid Race Between China, Tesla, and Japan's Industrial Giants

AGIBOT, the world's top humanoid robot shipper from China, has established a Japanese subsidiary for full-scale market entry. Having shipped over 5,100 units globally in 2025 with 39% market share, the company claims the humanoid market will surpass the auto industry. We examine how Japan — an industrial robotics powerhouse — now trails China and the US in humanoid development, and explore adoption potential in Japan's labor-starved manufacturing and elderly care sectors.

Business & Finance

Record $8.5 Billion Fundraising: Nippon Steel's Massive Capital Raise Signals New Era for Japan's Global Steel Ambitions

Nippon Steel is raising approximately $8.5 billion through Japan's largest-ever convertible bond issuance ($3.6B) and JBIC loans. This massive fundraising secures financing for its $14.9B U.S. Steel acquisition and a $39B five-year investment plan. We examine the implications for global steel consolidation, comparisons with ArcelorMittal, and the unprecedented "golden share" arrangement with the Trump administration.

Business & Finance

Next-Gen Chip Tech: Why Japan Leads in Ultra-Low-Power MRAM and Diamond Semiconductors

As AI's explosive growth makes chip power consumption a critical global issue, Japan's next-generation chip technologies are drawing worldwide attention. Tohoku University's MRAM memory reduces power consumption to 1/100th of conventional chips, while Saga University's diamond semiconductors — called the "ultimate semiconductor material" — advance toward space and 6G applications. We report on Japan's technological edge and the intensifying competition with the US and China.

News, Society & Economy

China's Dual-Use Export Ban: 40 Japanese Defense Firms Including Mitsubishi and JAXA Now Targeted

China's Commerce Ministry banned dual-use exports to 20 Japanese defense entities including Mitsubishi Shipbuilding, Kawasaki Heavy Industries, and JAXA, while adding 20 more firms like Subaru and TDK to a watch list. Seen as retaliation for PM Takaichi's Taiwan contingency remarks, the move threatens rare earth and semiconductor material supply chains. Japan demands withdrawal as US-China decoupling ripples through East Asian geopolitics.