business

Japanese department store chain sees Y500 mil damage in China riots

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© 2012 AFP

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“We would like to resume our operations without having to worry,” he said, adding that the company is sticking to plans to build a new store in the area next year.

This is a good example of masochism.

4 ( +5 / -1 )

"I was at the site until yesterday. I received assurances from senior officials in Hunan Province that they will protect our lives and property,” Natsuhara said

And did he ask the senior officials why they didn't protect the stores this time? Probably not.

If he had asked, they would have said because Japan hurt our feelings and made us mad. It's Japan's fault. And the next time Japan makes them mad it will happen again despite the assurances.

The huge loss will be paid for by Japanese customers and/or shareholders.

0 ( +2 / -2 )

Wouldn't the stores have insurance policies in place that would protect them against this sort of loss?

0 ( +0 / -0 )

...And what is Mr Ishihara doing here...sitting and thinking what other islands to buy next...

0 ( +1 / -1 )

Drdolittle2: oh, are there more islands already owned by Japan that he wants to buy?.

-1 ( +0 / -1 )

Good job, China. Japan is going to get hit hard.

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oldsannoSep. 28, 2012 - 07:41AM JST

The huge loss will be paid for by Japanese customers and/or shareholders. If Japanese consumers shopping like Chinese, department store will no need to open the store in China. Japan has been in recession since 1991 and demands are too weak. Most stores in China has some form of insurance. More likely they will get some from insurance. Some from authority who inflammed mobs. China has badly damaged her image as business paradise.

.

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oldsannoSep. 28, 2012 - 07:41AM JST

The huge loss will be paid for by Japanese customers and/or shareholders.

If Japanese consumers shopping like Chinese, department store will no need to open the store in China. Japan has been in recession since 1991 and demands are too weak. Most stores in China has some form of insurance. More likely they will get some from insurance. Some from authority who inflammed mobs. China has badly damaged her image as business paradise

0 ( +1 / -1 )

The japanese stores were staffed by who...the Chinese? Another example of the Chinese shooting themselves in the foot...they are wilfully and purposely damaging their own economy through these actions.

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Well, Mao did say once" Red China will rule the earth".- They've learned the ways of the Capitalists TOO WELL!

0 ( +0 / -0 )

Will Chinese firstly consider Chinese cars in the future like the Korean do nowadays?

It is not currently cause Chinese cars' quality is nowhere close to Japanese cars.

0 ( +1 / -1 )

Good job, China. Japan is going to get hit hard.

You're saying good job to people for looting and destroying property? I see you've got your priorities straight ...

2 ( +2 / -0 )

Put aside the usual 'accusing finger' exercise pointing at each other on he headlines, fair to say that the majority of average J-citizens have not followed attentively news about the disputed isles with SK & China ( probably even less about history on how & why Japan's military machines 'entered' neighboring nations ). On the contrary, people in these countries, given past history, focused attentively on the disputes -- very special attention because the key country within the context is JAPAN..

Have no idea why Japan, skillfully promoting itself as an advanced, civilized & peace-loving country, deserves this SPECIAL TREATMENT. If the WWII history cannot fully explain this unfortunate interaction, what else ? Sometimes, we talk to SK & Chinese friends about Japan -- Tourists with good manner, high quality products, delicious sashimi, pop culture, environmentally friendly country etc are almost the 'standard' impression, what do these neighbors want ? Anyone can explain this subtle phenomenon ?

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" vanspeaceSEP. 28, 2012 - 10:52AM JST Will Chinese firstly consider Chinese cars in the future like the Korean do nowadays? It is not currently cause Chinese cars' quality is nowhere close to Japanese cars."

One the former Toyota Motor presidents highlighted a few years ago : no matter what Japan does, the SK will NOT buy Japanese cars, and no matter what Japan does, the Chinese will keep buying Japanese cars..

In the 1960's the Americans openly insulted on quality wise the first wave of Corollas exported to the US market. 20 years ago, Toyota Crown was the most wanted sedan among high rank officials.. Yeah 'was' --> over the years, Toyota Motor overtook the Big Three of Detroit, Toyota could well be overtaken by Hyundai then so on.. The relentless process of ' learn & overtake' help the world to progress.

Except Nissan, Honda & Toyota, smaller J brands' reputation seemed not as good as some models from the Chinese domestic leaders Greatwall, Geely & BYD.. Meantime, German & US JVs offer a whole spectrum of choices ( even without one single J brand ) . However, patent loyalties & key car parts from Japan are the main politically correct business, as they 'made-in-Japan Inside' !

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