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Business japanese news

Postby Gardajind В» 21.09.2019

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Japan is changing: a rapidly ageing society, a record-breaking influx of visitors from overseas, and more robots than ever. That's where the country's young people come in.

Gen J, a new series by BBC Worklife , keeps you up to speed on how the nation's next generation is shaping the Japan of tomorrow. Yusuke Tsuen, 38, is the proprietor of Kyoto's Tsuen Tea, a tea house nearing years old. He says picking up the family business was a no-brainer to him Credit: Bryan Lufkin.

In , there were over 33, businesses in Japan over a century old, according to research firm Teikoku Data Bank. The oldest hotel in the world has been open since in Yamanashi and confectioner Ichimonjiya Wasuke has been selling sweet treats in Kyoto since Osaka-based construction giant Takenaka was founded in , while even some global Japanese brands like Suntory and Nintendo have unexpectedly long histories stretching back to the s.

But what is it about Japan that produces these long-lasting businesses? And in a global era defined by scrappy start-ups that push boundaries at lightning speed, do they have anything to teach us? At Tsuen Tea, Tsuen says many of his childhood friends in Kyoto also happened to be born into centuries-old family-run companies.

I thought I was taking over the business. It was natural. Many shinise are recognised brands around the world. Nintendo, headquartered in Kyoto, was founded back in and specialised in making playing cards Credit: Alamy. Many of these oldest companies are medium or small family-owned organisations focusing on hospitality and food, like Tsuen Tea.

Several companies have even benefited from the widely-accepted Japanese practice of adopting adult male workers into the family bloodline to ensure an unbroken succession for the business, something even huge firms like Suzuki Motor and Panasonic have done.

Despite being thought of as a tech company, Nintendo was founded back in , as a maker of playing cards for the Japanese game hanafuda. First imported by the Portuguese in the 16th Century, the game involves collecting cards with various flowers printed on them, each worth different points. Hara also points to kimono companies struggling to stay in business as fewer Japanese women wear the traditional garments.

One Kyoto-based kimono manufacturer dating back to , Hosoo , has expanded into carbon fibre production for materials companies. In Kyoto, many long-standing businesses also tout a dedication to good customer service as an element that keeps them thriving. Hara says that Japanese businesses value this high-level customer service, known as omotenashi , and try to anticipate what customers need because they fuel the sustainability that Japanese companies value. Akemi Nishimura's family has run Hiiragiya, an inn in Kyoto, for six generations.

She says family-like customer service is key for the inn's longevity Credit: Bryan Lufkin. The inn celebrated its year anniversary in and has welcomed guests like Charlie Chaplin and Louis Vuitton. Tsuen Tea, founded in and located in Kyoto, is one of 33, "shinise" companies in Japan: businesses over years old at least Credit: Bryan Lufkin.

She works at Queue, a Tokyo-based education technology start-up , and used to run the Tokyo version of Slush, the international start-up not-for-profit aimed at students. Michael Cusumano agrees. The tendency is to preserve what they have.

Kongo Gumi, a construction company founded back in , lasted a staggering 1, years before going into liquidation in due to debt. In the future, Matsuzaki believes that there will be benefits in combining the strengths of the two business models. Yet back at Tsuen Tea, current owner Tsuen has no such lofty goals.

These long-standing entities, at least years old, are known as shinise. Open share tools. Like us on Facebook. Follow us on Twitter. Follow us on Instagram. Sign up to our newsletter.

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