Companies & Industry

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Business & Economy

PayPay US IPO at $16: Japan's Cashless Giant Hits Nasdaq — What SoftBank's Fintech Bet Means for Global Payments

PayPay, Japan's dominant mobile payment app with 73 million users, listed on Nasdaq on March 12, 2026 at $16 per share — below its initial range. Backed by cornerstone investors including ADIA, Visa, and Qatar Holding, it's the largest US IPO by a Japanese firm in a decade. We analyze Japan's cashless revolution and how PayPay compares to global rivals like Alipay and GrabPay.

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Business & Economy

Honda's Historic $43 Billion Loss: EV Strategy Reversal Kills Honda 0 Series and Signals Industry-Wide Reckoning

Honda announces its first-ever net loss since going public, with losses of up to $43 billion from scrapping three North American Honda 0 Series EVs, acquiring LG battery joint venture assets, and writing down Chinese operations. With cumulative losses potentially reaching $157 billion, this signals a seismic shift in Japan's EV strategy. Analysis covers Toyota's hybrid vindication, the failed Nissan merger, executive pay cuts, and what it means for the global auto industry.

Business & Economy

Nintendo Sues the U.S. Government: Demanding a Full Tariff Refund With Interest After the Supreme Court Struck Down Trump's IEEPA Duties

Nintendo of America has sued the U.S. government demanding a full refund with interest of tariffs paid under IEEPA, following the Supreme Court's ruling that Trump's tariffs were unconstitutional. Joining over 1,000 companies including Costco and FedEx, we examine how tariffs forced Switch 2 pre-order delays, accessory price hikes, and the broader strategies Japanese companies are using to navigate U.S. trade policy.

Business & Economy

Japan Sets 1.23 Million Foreign Worker Cap: New "Ikusei Shūrō" System Replaces Controversial Trainee Program

Japan's government has set a cap of 1.23 million foreign workers by fiscal 2028, replacing its widely criticized Technical Intern Training Program with the new "Ikusei Shūrō" (Development and Employment) system. The reform introduces job-switching freedom, but raises concerns about brain drain from rural areas and Japanese language education challenges. We analyze this historic policy shift alongside comparisons with South Korea's EPS, Singapore's levy system, and Germany's integration model.