LVMH’s first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. (source) https://www.japantimes.co.jp/news/2017/07/27/business/corporate-business/lmvh-profit-jumps-japan-europe-join-china-luxury-rebound/
Department store sales in Japan rose moderately in 2021 from the previous year to some ¥4.4 trillion but stayed below the level seen before the outbreak of COVID-19, sources said Saturday. Sales went up by about ¥200 billion from ¥4.2 trillion marked in 2020, when department stores were forced to close for a long period […]
Patrons of Tokyo restaurants and bars will be able to light up indoors for the last time on Tuesday as one of the world’s most cigarette-friendly cities starts enforcing anti-smoking laws from April 1. The ban was part of Tokyo’s preparations for the now-delayed 2020 Olympics, and covers establishments with hired employees, meaning many of […]
New flight routes over the center of Tokyo opened on Sunday, allowing a sharp increase in international flights to and from Tokyo International Airport at Haneda. The new routes allow the airport to expand the number of annual departures and landings, excluding those in late-night and early-morning hours, to 99,000 from 60,000. (source) https://the-japan-news.com/news/article/0006455879
A law, set to take full effect in April that will ban people from smoking indoors in government buildings and other places in Japan, appears to be backfiring as outdoor smoking is making a brash comeback in all the wrong places. As smokers find it increasingly difficult to find designated indoor smoking areas, they are […]
Internet advertising revenue topped cash spent on TV ads for the first time in Japan in 2019. Online ad revenue surged 19.7 percent in the country last year, compared to 2018, to hit 2.1048 trillion yen ($20.36 billion), leading advertising agency Dentsu Inc. announced March 11. TV ad revenue from programs fell to 1.8612 trillion […]
A new train station with easy access to Haneda airport and the Shinkansen bullet train opened in Tokyo on Saturday, becoming the first new stop on the capital’s busy Yamanote loop line in nearly 50 years. Featuring wayfinding robots and a shop with automated checkouts, it opened between Tamachi and Shinagawa stations as the 30th […]
Japan’s average land prices rose for the first time in 27 years in the year to July 1 as an influx of foreign tourists boosted demand for hotel properties and shops, a government survey showed on Tuesday. Land prices are a key indicator to gauge how much Japan asset prices have recovered after decades of […]
Cashless payment services via smartphones such as scanning QR codes are spreading. Smartphone payment services are expected to reach 600 billion JPY in fiscal 2019. The amount of smartphone payment purchases is expected to expand to about 8 trillion JPY in fiscal 2023. source: https://www.japantimes.co.jp/news/2019/02/20/business/corporate-business/japans-jal-ana-beefing-hawaii-services-competition-intensifies-domestic-rivals/#.XHTIJlwzZPY