TOKYO, March 14 (Reuters) – Fast Retailing Co
(9983.T: Quote, Profile, Research), Asia’s largest apparel retailer, is looking to use its
new Tokyo flagship Uniqlo outlet to redevelop its brand image in
its biggest market as it expands across Asia, its top executive
said on Wednesday.
It aims to open 200 to 300 new Uniqlo stores annually, most
of them in Asia outside Japan, to build upon its massive Japan
share to become the world’s top apparel retailer by 2020.
TOKYO, Nov 30 (Reuters) – The deepening euro zone
crisis and doubts about the euro’s future has Japanese
automakers moving cautiously in Europe, but there is no talk yet
of planning for the worst — a breakup of the single currency.
Worries do run deep however. Mitsubishi Motors Corp’s
president, Osamu Masuko, said the most pressing issue
would be how long it takes for the region to recover.
TOKYO (Reuters) – Japan’s public should realize that phasing out nuclear power would not be risk-free, the vice chairman of the Japan Atomic Energy Commission warned on Wednesday, as the government seeks to craft a new energy policy and the Fukushima crisis drags on.
The radiation crisis at Tokyo Electric Power Co’s Fukushima plant, triggered by the March 11 earthquake and tsunami, has sparked debate about the role of nuclear power in quake-prone, resource-poor Japan, as well as concerns about power shortages with 35 of the nation’s 54 reactors now halted.
SEOUL, Nov 10 (Reuters) – Infosys Technologies Ltd (INFY.BO: Quote, Profile, Research)
is eyeing acquisitions in Japan as India’s second-largest
outsourcer looks for growth outside its main markets in the
United States and Europe.
The company could use as much as 10 percent of its revenue
for acquisitions or about $300 million to $500 million, CEO S.
Gopalakrishnan said in a joint interview with Reuters Insider.
HONG KONG (Reuters) – Japan’s credit quality is slowly sinking but not to an extent that could trigger an immediate downgrade, credit rating agency Standard and Poor’s said on Tuesday.
“Japan’s rating of AA is still valid but the Japanese government credit is slowly sinking,” Takahira Ogawa, S&P director for sovereign and international public finance ratings told Reuters Insider in an interview.
HONG KONG, May 11 (Reuters) – Macau-based Sands China
<1928.HK>, the world’s second-most valuable casino operator,
has its sights on expanding into Japan, which it predicts could
become Asia’s largest gambling market.
In Macau, the firm’s second-quarter outlook is “extremely
good,” CEO Steve Jacobs told Reuters on Tuesday after the firm
posted first-quarter earnings that quadrupled from a year ago
on a strong performance in the former Portuguese enclave and
strict cost controls.
TOKYO (Reuters) – Mazda Motor Corp said it would not launch a special marketing campaign to draw customers away from Toyota Motor, shunning a strategy used by other car makers keen to capitalize on Toyota’s recall woes.
Mazda Chief Financial Officer Kiyoshi Ozaki also told Reuters Television that it has not seen much of an impact on its sales from Toyota’s global recall of more than 8 million vehicles.
TOKYO (Reuters) – Britain is most at risk among the big economies to lose its top-notch credit rating, while Japan faces a review of its rating if government debt issuance rises greatly, Fitch Ratings warned on Tuesday.
David Riley, Fitch’s co-head of global sovereign ratings, told Reuters Television in an interview that Britain’s AAA rating is more at risk than that of any of the four big economies with a top rating. The other AAA countries are the United States, Germany and France. His comments sent the pound down more than a cent to $1.6616.
Are you are a frequent flyer to Japan looking for a faster, more luxurious way to get to Tokyo from the airport? Hiring a Hermes helicopter may be the ticket for you.When I travel overseas, the trip usually begins or ends with a bus ride, costing 2,900 yen ($27) to get to Narita International Airport. But for business executives flying across the world to sign multi-million dollar deals, a 75,000 yen ($720) helicopter ride may be an option worth considering. Business travellers often complain about the 78 km trek between Tokyo and Narita. After a 12-hour flight from major cities like New York, Frankfurt or Paris, a 90-minute bus ride, at least, on a congested highway into Japan’s financial capital only adds to that fatigue.But starting Sept. 16, high-flying travellers can choose a more convenient and stylish transport option to the city centre, if they have the yen — literally.Japanese private property developer Mori Building is launching a luxury helicopter service connecting Tokyo’s central business district and a heliport adjacent to Narita Airport. A limousine ferries clients to and from the departure terminal.Travel time between the check-in counter and downtown Tokyo will now take only 30 minutes, Mori Building says.It costs 50,000 yen ($485) for a one-way trip on a standard helicopter. If you’re willing to pay an extra 25,000 yen, your chopper can be upgraded to the EC135 Hermes Edition, built as a collaboration between EADS-owned Eurocopter and Paris-based fashion designer Hermes.Last week, I took a ride in this $10 million helicopter, also known as ‘L’Helicoptere par Hermes’, one of two operating in the world. The exterior is a white design, decorated with Hermes’ signature orange ribbon. The interior is minimalist with four calf-leather hand-crafted seats. The non-smoking sign and even the buckles of the safety belts display the Hermes brand.Once the helicopter takes off and reaches a cruising speed of 250 kph, you realise the cabin is surprisingly quiet and vibration is hardly noticeable. If you indulge yourself by bringing a bottle of champage on board, you won’t have to worry about the glass spilling (yes, we tested it out, but with sparkling water).The view of the Tokyo metropolis outside the light-brown tinted windows is striking, and if you’re lucky to have an evening flight, you will enjoy a glittering night view of Japan’s financial hub that will either welcome you or be a memorable sayonara.Photo credit: REUTERS/Yuriko Nakao