An unexpected economic boom is in the making in Japan. The revenues of Love Hotels in Japan has climbed for the first time to 40 billion USD. Facing a recession the love hotel industry is not only doing well but growing. These days the rooms contain a list of entertainments ranging from Karaoke, console gaming, [...]

A financial report from Merrill Lynch has suggested the richest people in the world together recorded a combined lost of 20% of their net worth. Millionaires have also decreased by 15%. Most people on the rich list are from the US, Japan and Germany. With China in the four place beating England for the first [...]

Cooperate pay package in the seven digits are not unheard of. In Asia and especially China they are usually referred to as “Salary Emperors”. Due to recent recessions, pay packages of some of these CEO were heavily criticized. The company’s earnings and the earnings of the CEO are sometimes uncorrelated. This is especially the case [...]

Earlier this week Tokyo held the International Food Machinery and Technology Expo. At the Expo prototypes of various Robo-chef showed off their machinery cooking moves including serving sushi, dicing up vegetables and flipping Japanese pancakes “okonomiyaki”. Robot development in Japan is advantageous because of their aging population, with less young people out there taking on [...]

Not literally smoking cash, but a photo surfaced over the internet of a Chinese girl burning a $100 RMB note (about $15 USD) to light her cigarette. Caused quite a disturbance to some Chinese online communities. Because in some parts of China, $100 RMB is enough to feed a family of 5 for a month [...]