The Journal The Authority on Global Business in Japan



Abenomics’ Three Arrows Fly in New York

The Japan External Trade Organization (JETRO) held a seminar in New York that was attended by Prime Minister Shinzo Abe and other officials (press release, October 2014).

Titled “Corporate Growth Opportunities and Japan’s Economic Agenda,” the meeting attracted about 200 businesspeople. Abe emphasized the second phase of his Abenomics agenda for the economy, in particular his focus on regional revitalization. The governor of Wakayama Prefecture and two mayors from Japanese cities also attended.

The head of Morgan Stanley Japan Holdings gave the keynote address. He said Japan has great potential as an investment market, in part due to recent corporate governance reforms.

Global Carriers Become Partners in the Sky
American Airlines began codeshare flights with Jetstar Japan on October 26 (, October).

The partnership will permit American to offer its passengers access to five additional Japanese cities, by making it easier to connect on Jetstar flights, mostly from Tokyo.

The US carrier has been focused on increasing its presence in Asia, recently having added flights to Hong Kong and Shanghai from its Dallas/Fort Worth hub. Currently, it is awaiting approval for the right to fly between Los Angeles and Tokyo International Airport (Haneda).

Jeep Conquers Japan

Fiat Chrysler Automobiles’s Jeep Cherokee has become the first US vehicle to rank in Japan’s top 10 list (Fox News, October 17).

Japan’s annual Car of the Year list is typically dominated by domestic automakers. Other foreign models making this year’s list include the Mercedes C-Class, BMW i3, and Peugeot 308.

Jeep has been the best-selling US carmaker in the country for many years. However, sales in Japan, no matter how large, are not likely to have a significant impact on Chrysler’s bottom line. In 2013, just 5,274 Jeeps were sold here, compared with Toyota’s 1,480,577 vehicles.

Telecoms Giant Recognized Abroad
NTT Communications Corporation has received two awards from Capacity magazine at the industry publication’s annual ceremony in Amsterdam (Business Wire, November 7).

The data and IP services arm of NTT was named Best Global Wholesale Carrier (Data) and Best North American Wholesale Carrier, at the Capacity Global Carrier Awards. Each year, the magazine rewards innovation and excellence in the global and regional wholesale telecoms industry.

NTT has greatly expanded its tier-1 global IP network, having entered new markets in Asia, Europe, and North America, and recently increased the reach of its transcontinental submarine cables.

Pharma Firms Tie Up

GE Healthcare has formed an alliance with Takeda Pharmaceutical Company for research and development of drugs targeting liver diseases (Business Wire, November 11).

The two companies made the announcement at the 65th Annual Meeting of the American Association for the Study of Liver Diseases in Boston, held in mid-November. Most forms of liver disease have no outward symptoms, but the instance of metabolic syndrome—one type of the disease—is spreading.

GE Healthcare will share its progressive imaging technology with Takeda, to develop therapeutic drugs as well as new diagnostic technologies.