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Shares in Japan chipmaker Kioxia rally on Tokyo debut
Shares in Japan chipmaker Kioxia rally on Tokyo debut
Economy
by  AFP

Shares in Japanese chipmaker Kioxia rallied more than seven percent on their debut in Tokyo on Wednesday after an initial public offering that valued the firm at more than $5 billion. The firm set its listing price at 1,455 yen per share, valuing the firm at 784 billion yen ($5.2 billion) and raising about 120 billion yen -- making it Japan's second biggest IPO this year.

True blue tradition: how Japan's coveted jeans are made
True blue tradition: how Japan's coveted jeans are made
Economy
by  AFP

Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. The market for Japanese jeans "has grown in the last 10 to 15 years", said Michael Pendlebury, a tailor operating a repair shop in Britain called The Denim Doctor.