Japan Archives - CFO

Japan’s Economy Surges 22.9% in Third Quarter

Japan’s Economy Surges 22.9% in Third Quarter

Some economists fear Japan's recovery from the coronavirus pandemic is threatened by rising infections, with a contraction possible early next year.

By Matthew Heller | December 8, 2020

Japan’s GDP Falls More Than 28%

Japan’s GDP Falls More Than 28%

The drop is the largest on record since 1955.

By Lauren Muskett | September 8, 2020

Japan’s GDP Falls by Record 27.8% in Q2

Japan’s GDP Falls by Record 27.8% in Q2

Japan’s economy entered a recession even before the coronavirus pandemic and could be facing a long road to recovery.

By Matthew Heller | August 17, 2020

Japan to Declare Emergency, Approves $1T Stimulus Package

Risk & Compliance

Japan to Declare Emergency, Approves $1T Stimulus Package

The stimulus aims to limit job losses and bankruptcies and initiates a post-pandemic, V-shaped economic recovery.

By Lauren Muskett | April 6, 2020

Global Manufacturing Dives Amid Virus Lockdowns

Global Manufacturing Dives Amid Virus Lockdowns

Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.

By Matthew Heller | April 1, 2020

Japan’s Cabinet Approves $122B Stimulus Package

Japan’s Cabinet Approves $122B Stimulus Package

The country has struggled with a slump of exports, a sales tax hike in October, and natural disasters.

By Lauren Muskett | December 5, 2019

Mitsubishi Says Top Exec Knew of Data-Rigging

Risk & Compliance

Mitsubishi Says Top Exec Knew of Data-Rigging

The Japanese firm reports that the former head of its cable-making subsidiary was made aware in February of guidelines for falsifying quality data.

By Matthew Heller | December 28, 2017

Quality-Control Scandal Engulfs Kobe Steel

Quality-Control Scandal Engulfs Kobe Steel

The steelmaker has admitted data falsification involving aluminum, copper and iron ore products, further tarnishing Japan's manufacturing reputation.

By Matthew Heller | October 11, 2017

Sunoco to Sell Convenience Stores to 7-Eleven

Sunoco to Sell Convenience Stores to 7-Eleven

The $3.3 billion deal is "the beginning of an exciting evolution for Sunoco into a premier nationwide fuel supplier," the company's CEO says.

By Matthew Heller | April 6, 2017

Sompo to Buy Endurance Specialty for $6.3B

Sompo to Buy Endurance Specialty for $6.3B

The Japanese insurer is paying a 43% premium for Endurance as it seeks to generate 25% of its profits from overseas operations by 2020.

By Matthew Heller | October 5, 2016

Follow the Money

Corporate Finance

Follow the Money

CFOs from different regions of the world have different plans for their excess cash.

By David W. Owens | September 20, 2016

Gap Worn Down By Declining Sales

Gap Worn Down By Declining Sales

The Gap announced it was closing 75 stores, including Old Navy Japan, as sales continue to plunge and profits dwindle.

By Matthew Heller | May 20, 2016

Double Trouble

Japan’s malaise continues, but the slowdown in China poses a greater risk to Asian economies.

By David W. Owens | May 4, 2016

Canon Takes Lead in Bidding War for Toshiba Unit

Canon Takes Lead in Bidding War for Toshiba Unit

Toshiba reportedly granted Canon preferential negotiating rights after it offered $6 billion for Toshiba's medical equipment business.

By Katie Kuehner-Hebert | March 9, 2016

Corporate Governance in Japan: Sharp Elbows

Corporate Governance in Japan: Sharp Elbows

New twists in the battle for control of an ailing electronics firm.

By Economist Staff | February 11, 2016