Discussion topics

Japan to promote fintech culture

By Betty on octobre 30 2017

Japan's push to attract innovative financial technology (fintech) startups to the country could spell trouble for the US.

On Wednesday at the New York Stock Exchange, Japanese Prime Minister Shinzo Abe said the government was moving forward with a plan to roll back regulations on some fintech startups to help spur the development of emerging technology and drive growth in the country.

Sport and money

By Craig on octobre 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.”

Launching J-Coin

By Betty on octobre 17 2017

A number of Japanese banks are set to launch a new national digital currency in a bid to wean citizens off cash, the Financial Times reports.

The FT says that a consortium led by Mizuho Financial Group and Japan Post Bank plan to launch the new digital currency in time for the Tokyo 2020 Olympics.

The new project, which has the support of Japan's central bank and regulators, aims to develop technology to allow Japanese people to pay for goods and services with their smartphone.

The dying art of disagreement

By Rob on octobre 13 2017
Evergreen

To say the words, “I agree”—whether it’s agreeing to join an organization, or submit to a political authority, or subscribe to a religious faith—may be the basis of every community.

But to say, I disagree; I refuse; you’re wrong—these are the words that define our individuality, give us our freedom, seize our attention, energize our progress, and make our democracies real.

Huawei offers higher salaries

By Betty on octobre 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 septembre 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?

Volvo's battery-infused car

By James on septembre 21 2017
Evergreen

In 2013, Volvo announced a potentially revolutionary approach to designing electric vehicles (EVs). It wanted to replace some of the steel body panels in its cars with carbon fiber composite materials that can store power like a battery.

The rechargeable panels would be composed of multiple layers of carbon fiber, which are insulated from each other by fiberglass inserts. The result is a structural component that can be charged like the battery.

Autonomous bus service in Tochigi

By Betty on septembre 18 2017

A test of self-driving bus services organized by the transport ministry kicked off in Tochigi Prefecture on Saturday.

The ministry hopes to launch the autonomous bus services in fiscal 2020 to provide a means of transportation for elderly people living in hilly and mountainous areas with dwindling populations.

The ministry hopes automated public transport services will help elderly people who have trouble visiting hospitals or shopping because they can no longer drive or their bus services have been canceled.

The iPhone success paradox

By Jeremy S on septembre 13 2017

Not every successful product is “the best” product in its category.

The point of Ikea or Toyota isn’t to be the greatest, most high-end offering in the realm of houseware or cars, the point is to meet a practical consumer need at an attractive price. There are Ferraris and Porsches in the marketplace, too, but making “the best” car isn’t necessarily a more successful business strategy than making a good enough car at a reasonable price.

Amazon cuts Whole Foods prices

By Betty on septembre 12 2017

Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.

In a sign of how the retailer is changing, the Amazon Echo, a voice-activated electronic assistant, was also for sale, for $99.99—a sharp pivot into electronics for a company known for kale and quinoa. The Echo Dot, a smaller version, was advertised for $44.99.

Age discrimination in South Korea

By Betty on août 22 2017

A startup in South Korea is making headlines for only hiring staff that are aged 55 years and over.

The founder of content monitoring company EverYoung established the rule to prove the futility of age discrimination – a phenomenon that's reportedly prevalent in modern Korean corporate culture.

Employees at EverYoung monitor blog content on Korean web portal Naver and detect sensitive information on Naver Maps, as well as perform other IT tasks, including running coding classes for school students.

Japanese investment in India

By Betty on août 19 2017

 On more than 445 hectares of land dedicated exclusively to Japanese corporations, titans such as Toyota Motor Corp., Daikin Industries Ltd. and Hitachi Ltd. have clustered together to protect themselves from the vagaries of India’s chaotic business landscape.

“In India, the size of investment matters,” said Takayoshi Tokimune, the managing director of the India subsidiary for Dainichiseika Color & Chemicals Manufacturing Co. “So we flocked together.”

Self-driving tractors in Japan

By Betty on août 16 2017
Topical

Major Japanese agricultural machinery makers are developing self-driving tractors. The government plans to support the introduction of these  tractors amid growing hopes that such machines will help farmers cope with labor shortages at a time when many are aging and face difficulties finding successors.

In June 2017, Kubota Corp. started selling the country’s first tractors with autonomous driving functions on a trial basis. Utilizing the Global Positioning System (GPS), the tractors can keep tabs on where they are operating.

Uniqlo's change in strategy

By Betty on août 12 2017

Uniqlo has made the most of inexpensive labor in Asia to become a leading global SPA player. But making goods overseas is not necessarily compatible with responding quickly to customer needs. That is why the company is rethinking the typical approach of churning out products in emerging economies.

To more swiftly respond to customer needs, the company is working on a system for sending out goods in as few as 10 days. To achieve that, airplanes will be essential, although costly.

Amazon's design strategy

By Betty on août 9 2017

Vice president of Amazon Echo, Mike George, explained: "We have a thing called 'working backwards.' The first thing we do is we write a press release, ignoring every technical thing we can’t do for now. It’s our aspirations. We also write FAQs where we identify every question we would receive as if we issued the press release. We answer the question in aspirational ways too, ignoring, for the moment, the technical hurdles. In some cases we actually build things."

Characteristics of Generation Z

By Betty on août 8 2017

In the next year or two, the workplace faces an unprecedented situation where for the first time, due to the fact that we’re all living longer, five generations may be working side by side: Veterans (pre-World War II); the Baby Boomers (World War II – 1960s); Generation X (mid-60s – late 1970s); Millennials (aka Generation Y) (1979 – 1991); and last, but not least, the largely unknown factor: Generation Z, born after 1992.