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Z Holdings will merge Yahoo Japan’s online shopping platform with its subsidiary’s e-commerce service to step up competition with rivals Rakuten and Amazon, Nikkei has learned.
Yahoo! Shopping will take over PayPay Mall services in October to facilitate the speedier trade and delivery of a predicted 400 million items.
PayPay Mall was launched in 2019 with sellers trading electronics, cosmetics, apparel and luxury brands among other items. The merger will broaden the Yahoo! Shopping range and increase its appeal.
Tie-ups between Yahoo! Shopping and messaging app Line, a subsidiary of Z Holdings, will also be strengthened. Yahoo! will provide official Line accounts to businesses that open stores on the platform, boosting product awareness and customer access.
Yahoo has 86 million users, PayPay 47 million and Line 92 million. The three services have hitherto been poorly connected.
BOJ owns half of JGB market after huge buying to defend yield cap
Business Times – Jul 04
The Bank of Japan (BOJ) now owns half of outstanding Japanese government bonds (JGB) issued in the market, data showed on Monday (Jul 4), a sign the bank’s aggressive buying to defend its 0.25 per cent yield cap is bloating an already huge balance sheet.
Why Japanese Iron Kettles Are So Expensive
Business Insider – Jul 03
A handmade Japanese iron kettle can cost over $300. For centuries, artisans have made kettles by pouring molten iron into molds and hammering them out once they’ve cooled.
KDDI mobile customers across Japan hit by prolonged network troubles
Japan Today – Jul 03
KDDI Corp, one of Japan’s top three carriers, said Saturday its mobile customers have been facing difficulties making calls and getting online for over half a day, with the disruption of its nationwide networks also impacting services from banking and transmission of weather data to parcel deliveries.
Japan’s GPIF logs first quarterly investment loss in two years
channelnewsasia.com – Jul 01
Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of $16 billion in January-March, the first quarterly negative return in two years, as higher U.S. interest rates and the war in Ukraine rattled financial markets.
Kirin brewery to withdraw from Myanmar
france24.com – Jul 01
Japanese drinks giant Kirin said Monday it will withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year’s coup.
Japan business mood dims for a 2nd quarter as costs rise: BOJ Tankan
Nikkei – Jul 01
Business sentiment among Japan’s large manufacturers cooled for the second straight quarter amid economic headwinds, including the war in Ukraine, the extended lockdown in China, and global supply shortages and inflation, the Bank of Japan’s latest Tankan survey showed Friday.
Japan’s land price up 0.5% in rebound from pandemic hit
Kyodo – Jul 01
The average land price in Japan as of Jan. 1 was up 0.5 percent from a year earlier, the National Tax Agency said Friday, rebounding from a fall in 2021 as the country recovers from the coronavirus pandemic.
Newly listed company plugs gap
Mulboyne – Jun 29
Until today, companies listed on Japan’s stock exchange had names beginning with every possible gojūon kana except ぬ. Nulab (ヌーラボ) has ended the drought.
BOJ bond holdings plunged into the red as yields rose: estimates
Nikkei – Jun 28
The Bank of Japan may have been saddled with as much as 600 billion yen ($4.4 billion) in unrealized losses on its Japanese government bond holdings earlier this month, as a widening gap between domestic and overseas monetary policy pushed yields higher and prices lower.
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