Business In Japan remote work is referred to using a number of different common terms, including 在宅勤務 zaitaku kinmu (telecommuting), the most direct translation リモートワーク rimooto waaku, or テレワーク terewaaku (telework). Those who are based remotely from the outset as a consistent way of working are taking part in what’s known as furu rimooto waaku (full-time remote work).
Interviews Japan M&A transactions have been on the rise. Since 2014, the number of outbound M&A (Merger & Acquisition) transactions from Japan increased by 58% to reach a total of 720 deals in 2019 with Asahi Group’s acquisition of Australian drinks giant Anheuser-Busch Inbev SA/NV topping the list at a value of $11.3 billion USD. 40% of the top ten outbound deals were made with European companies.
As for inbound transactions, only one of the highest ranking deals was made by a European company (Sandoz International GmbH’s acquisition of Aspen Japan KK at a value of $441 million USD), with the key companies being Japan’s Softbank and South Korea’s NAVER Corporation who increased their existing 73% stake in LINE Corporation to a complete acquisition at a value of $3.4 billion USD in December 2019.
This week, we were fortunate to have the chance to speak with Akio Fujii, a longstanding specialist in working on Japan M&A, both between Japanese companies as well as between Japanese and global companies. He kindly agreed to give us the low-down on his key professional endeavours, experiences in the M&A world, and some advice for foreign businesses looking to do deals in Japan.
Check out his latest article over on LinkedIn entitled ‘What it Takes to Change Japan’.
Business As the global digital economy is expanding, cashless Japan payment methods are making their way into everyday life all around the world. Advantages include the ability to simplify payment sending and receiving process, a shrinking grey economy, a boom in e-commerce, and a sharp reduction in fraud. A study by BCG has concluded that more cash-intensive economies tend to grow slowly and therefore miss out on significant financial benefits.
Marketing With the war on plastic in full swing and the G20 Summit having taken place in Osaka recently, discussions around climate change and energy are on the lips of politicians, activists and corporations. But how is Japan actually making progress in terms of addressing these concerns? Here, we take a look at some local initiatives relating to the reduction of plastic waste in particular and how brands are committing to becoming more plastic-free in Japan.