Business

Business for social change

By Di on February 1 2019

Imagine the impact individual organizations could make if they teamed up to solve the world's most intractable societal problems.

That new mindset took center stage in Copenhagen at the inaugural global innovation lab, UNLEASH. There, a thousand carefully chosen, young social entrepreneurs came together from across the world to develop innovative approaches to the United Nations Sustainable Development Goals

7 Blockchain questions for the boss

By Bret on December 28 2018

Blockchain technology is still in its infancy but is growing at a rapid pace. It is hard to be an expert in the field, but you should at least know the basics. 

At the core, Blockchain uses a shared ledger managed by multiple computers that are networked. This is much different from current systems that rely on one central system with a database.

Impact of AI on Businesses

By Bret on November 6 2018

Artificial Intelligence, also known as AI, is best described as machine learning. Instead of programming a computer to perform a task, the computer will program itself.

As AI continues to grow it will enhance our lives. We can already see this in action with Apple’s Siri and Amazon’s Alexa. Companies like Amazon are using AI in order to predict your next purchase. Another great example of AI in current use is with chat bots that you find in websites like Facebook, and in customer support apps.

Rakuten Seiyu Netsuper delivery

By Betty on October 16 2018

Walmart and Rakuten will co-create an online grocery service in Japan that will launch in 2018. The service will be operated by Rakuten and Seiyu GK, a Walmart subsidiary, and will be called “Rakuten Seiyu Netsuper.”

Walmart, via Seiyu, has operated a grocery delivery business in Japan since 2000. This new co-branded service will replace that, the company says.

Japan moves towards labour reform

By Di on August 20 2018

Japan's lower house on May 31 approved controversial labour reforms that the government has defended as necessary to boost the economy. But, critics warn could result in more death by overwork. The legislation would scrap hourly overtime pay for some employees, while setting overtime caps for others at an annual limit of 360 hours for normal cases, and up to 720 hours for "temporary" and "special" cases. 

New minpaku law regulates rentals

By Di on July 9 2018

A new law will go into effect in June 2018 to regulate minpaku, private residences rented out by their owners as short-term lodgings. The new law will address changes that have occurred in recent years due to the rise of Airbnb, the worldwide online service that allows travelers to book rooms in private homes directly from the owners of those residences.

U.S. lacks paid maternity leave

By Di on June 28 2018
Topical

In most American families led by couples, both parents are in the workforce. At the same time, nearly 1 in 4 U.S. children are being raised by single moms. Yet child care is generally unaffordable and paid leave is not available to most U.S. parents.

The 1993 Family and Medical Leave Act in the U.S. did mandate 12 weeks of unpaid job protected leave for some American workers. Yet most families can’t forgo the income that moms bring home.

Migratory birds in danger

By Di on June 19 2018

The Trump administration has announced a position on protecting migratory birds that is a drastic pullback from policies in force for the past 100 years.

In 1916, the U.S.A. and Great Britain signed the Migratory Bird Treaty, which became U.S. law in 1918. The measures protected more than 1,100 migratory bird species by making it illegal to pursue, hunt, take, capture, kill or sell live or dead birds, feathers, eggs, and nests, except as allowed by permit or regulated hunting.

Entrepreneurship in Japan

By Di on April 19 2018
Evergreen

The start-up scene in Japan has historically lagged behind the Silicon Valley and China, but several investors told CNBC that things are changing.

Workers have traditionally seen starting a company as "kind of a Plan B," according to James Riney, head of 500 Startups Japan. Finding entrepreneurial talent in the country used to be difficult because of an aversion to risk among Japanese workers. Many wanted the stability of corporate or public-sector jobs.

Walmart Rakuten e-book partnership

By Betty on March 26 2018

Walmart is taking aim at Amazon's Kindle business and diving into the business of selling e-readers, e-books, and audiobooks through a partnership with Japanese e-commerce giant Rakuten.

As part of the deal, Walmart will start selling Aura-branded e-readers made by Kobo, a division of Rakuten, in stores and online at Walmart.com. Kobo is one of Amazon Kindle's biggest competitors. 

Paying Employees in Bitcoin

By Di on January 10 2018

GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen (£660/$890) monthly by Bitcoin to its employees in Japan from February this year.

“Employees can receive salaries by Bitcoin if they want to,” company spokeswoman Harumi Ishii said. “We hope to improve our own literacy of virtual currency by actually using it.”

The offer will be open to around 4,000 employees of the GMO group in Japan, she said.

Billionaires to consolidate media

By Jeremy S on December 14 2017

Critics of media consolidation are decrying an announcement that the media company Meredith Corp., with a $650 million boost from conservative billionaires David and Charles Koch, will buy Time Inc.—which owns TimeFortunePeople, and Sports Illustrated magazines—for an estimated $2.8 billion.

World's richest man: Jeff Bezos

By Aditya on December 12 2017
Topical

Jeff Bezos, Amazon CEO, became the world's richest man, defeating Bill Gates, co-founder Microsoft.

The recent surge in Amazon stock has pushed Bezos' fortune to over $90 billion, vaulting him past Bill Gates. Bezos has been chasing Gates for the number one spot for a few years now and finally succeeded in superseding him. But this dream run was short-lived. On Thursday, Bill Gates was crowned again as the world's richest man as Amazon stocks went down by 1%. 

Kobe Steel falsified data

By Betty on December 4 2017

The Japanese government is urging steelmaker Kobe Steel to clarify the extent of manipulation of data on steel, aluminum and other metals used in a wide range of products, reportedly including rockets, aircraft and cars.

A government spokesman on Wednesday criticized the apparently widespread falsification of data as "inappropriate," saying it could undermine product safety.

Deputy Chief Cabinet Secretary Kotaro Nogami told reporters that about 200 of Kobe Steel's customers were affected.

Data security is a real concern

By Helen on December 1 2017
Topical

In a global study of IT security architecture, IT practitioners from Japan (79%) and Canada (74%) are the most concerned about millennials in the workplace posing a significant risk to security.

As the world’s first “connected” generation, millennials are hyperactive on their mobile devices, using apps and social media platforms for both personal and professional purposes. 

Nissan safety checks investigated

By Betty on November 26 2017

Japanese Transport Minister Keiichi Ishii said on Friday that unauthorized technicians had been found certifying vehicles at five Nissan plants that the ministry has been inspecting.

The unauthorized technicians included contract workers, Ishii told a news conference.

"It's extremely regrettable, causing anxiety for users and shaking the foundation of the certification system," he said.

Sport and money

By Craig on October 26 2017
Topical

The footballer Neymar has dismissed suggestions his world-record £198m move to Paris Saint-Germain was motivated by money and instead insisted he moved to the French capital for “a new challenge”.

“I wanted something bigger, a bigger challenge. This was about ambition,” Neymar said. “I was never motivated by money. I thought about the happiness of my family, regardless of money.”

Nasser al-Khelaifi, the PSG owner, said “For me Neymar is the best player in the world. With him our project will grow even stronger. Let’s enjoy Neymar.”

Huawei offers higher salaries

By Betty on October 11 2017

China’s Huawei technologies, the world’s third largest smartphone maker after Apple and Samsung, has announced plans to build new R&D facilities in Chiba, Japan.

This news shows the general trend of Chinese corporations becoming multinationals, but what struck Japanese people is not this news, but other news that Huawei Japan is offering the starting monthly salary of 400,000 Japanese yen.

Hard work is irrelevant

By Jeremy S on September 28 2017
Evergreen

One of my favorite economists, Dan Ariely, tells this story about a locksmith. When the locksmith was new at his job, when he was an apprentice, he took a really long time to open a lock. And people saw him working away, struggling, really having a hard time. And often they'd end up giving him a tip. But then when the locksmith got better at his job, when he got so good at his job he could open pretty much any lock in just a minute or two, then his customers started complaining. They were like, you want $200 for that? This took you, like, 30 seconds. And you can see why, right?