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Panasonic eyes 200 bil. yen sales in care business in FY2025

OSAKA, Japan - Panasonic Corp. envisages expanding sales in its elderly care-related business to the 200 billion-yen (about $1.91 billion as of Sept. 2, 2014) level in fiscal 2025 as increased demand is expected from aging postwar baby boomers. Employees conduct maintenance of a care bed at its Osaka Rental Center in Osaka Prefecture's Kadoma on Aug. 29, 2014.

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Nukaga eyes double-digit sales tax in mid-2010s

TOKYO, Japan - Finance Minister Fukushiro Nukaga speaks in an interview with Kyodo News in Tokyo on July 11. He said he believes Japan's consumption tax rate should be raised in two or three stages from the current 5 percent to reach a double-digit level in the mid-2010s to finance ballooning social security costs to support aging baby boomers.

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'Vacant-house banks' promote house moving among baby boomers

TOKYO, Japan - A Yamanashi City official in Yamanashi Prefecture shows an empty private house to people interested in living in such premises under the city's vacant-house bank program.

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Corporate sales battles underway to target retiring baby boomers

TOKYO, Japan - The main department store of Mitsukoshi Ltd. in Tokyo's Nihombashi district has remodeled its travel center to attract not only wealthy patrons but also those in the baby boomer generation.

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Renovated Takashimaya store targets old-aged consumers

TOKYO, Japan - Takashimaya Co.'s outlet in Tokyo's Shinjuku area reopened April 19 after undergoing complete renovation, with expectations that the major department store will attract more old-aged consumers now that baby boomers aged around 60 are retiring. Photo shows customers heading for their favorite corners.

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Cabin cruisers getting popular among new rich, baby boomers

TOKYO, Japan - A visitor to a boat show in Yokohama's Nishi Ward checks the interior of a luxurious cruiser.

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Cabin cruisers getting popular among new rich, baby boomers

TOKYO, Japan - A luxurious cruiser is on display at a boat show in Yokohama's Nishi Ward.

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Rental business for Harley bikes in Okinawa

NAHA, Japan - Satoshi Nakamura, president of Naha Central Hotel, shows off his line-up of Harley-Davidson bikes for rental. The hotel will launch a new Harley rental business on Feb. 1, targeting aging baby-boomers from mainland Japan eager to ride a big Harley on the southern islands. A 1450 cc Harley Fat Boy goes for 15,750 yen in rental fees.

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Pilgrimage popular among Japan's aging baby-boomers

TOKUSHIMA, Japan - Pilgrimage has become a popular pastime among Japan's aging baby-boomers, particularly those who are leading a retired life. Photo shows pilgrims at Ryozenji, a Buddhist temple in Naruto, Tokushima Prefecture, the first stop of the 88 traditional pilgrimage sites in Shikoku.

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Baby boomers look back at '70, '05 expositions in Osaka, Aichi

TOKYO, Japan - Yasuko Tamamura (R), 59, and her friends, all who worked as a companion in the Japanese government pavilion of Osaka Expo '70, remember the first expo in Japan at the former exhibition site in Suita city, Osaka Prefecture.

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Mitsubishi Motors launches 'i' minicar, targeting baby boomers

TOKYO, Japan - Mitsubishi Motors Corp. President Osamu Masuko poses beside a new minicar named ''i'' his company launched on Jan. 24 as part of its business rehabilitation efforts, mainly targeting baby boomers who will retire over the next few years. Masuko said how to respond to the upcoming mass retirements of baby boomers will be key to the restructuring of the struggling automaker.

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Folk songs regaining popularity among baby boomers

TOKYO, Japan - The group ''Folk Dreamers'' created by Testuo Wakasugi (far left), 57, are in live performance in Tokyo's Toshima Ward.

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Renovated Takashimaya store targets old-aged consumers

TOKYO, Japan - Takashimaya Co.'s outlet in Tokyo's Shinjuku area reopened April 19 after undergoing complete renovation, with expectations that the major department store will attract more old-aged consumers now that baby boomers aged around 60 are retiring. Photo shows customers heading for their favorite corners. (Kyodo)

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(CORRECTED) Nukaga eyes double-digit sales tax in mid-2010s

TOKYO, Japan - Finance Minister Fukushiro Nukaga speaks in an interview with Kyodo News in Tokyo on July 11. He said he believes Japan's consumption tax rate should be raised in two or three stages from the current 5 percent to reach a double-digit level in the mid-2010s to finance ballooning social security costs to support aging baby boomers. (Kyodo)

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Rental business for Harley bikes in Okinawa

NAHA, Japan - Satoshi Nakamura, president of Naha Central Hotel, shows off his line-up of Harley-Davidson bikes for rental. The hotel will launch a new Harley rental business on Feb. 1, targeting aging baby-boomers from mainland Japan eager to ride a big Harley on the southern islands. A 1450 cc Harley Fat Boy goes for 15,750 yen in rental fees. (Kyodo)

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Mitsubishi Motors launches 'i' minicar, targeting baby boomers

TOKYO, Japan - Mitsubishi Motors Corp. President Osamu Masuko poses beside a new minicar named ''i'' his company launched on Jan. 24 as part of its business rehabilitation efforts, mainly targeting baby boomers who will retire over the next few years. Masuko said how to respond to the upcoming mass retirements of baby boomers will be key to the restructuring of the struggling automaker. (Kyodo)

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Pilgrimate popular among Japan's aging baby-boomers

TOKUSHIMA, Japan - Pilgrimage has become a popular pastime among Japan's aging baby-boomers, particularly those who are leading a retired life. Photo shows pilgrims at Ryozenji, a Buddhist temple in Naruto, Tokushima Prefecture, the first stop of the 88 traditional pilgrimage sites in Shikoku. (Kyodo)

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Longtime jazz vocalist Maki Asakawa dies at 67

TOKYO, Japan - Maki Asakawa (file photo taken in October, 1971), an avant-garde jazz and blues vocalist who caught the fancy of restless postwar baby boomers through such songs as ''Kamome'' has died of acute heart failure in Nagoya, the Aichi prefectural police said on Jan. 18. She was 67. Asakawa was found collapsed in her hotel room in Nagoya on Jan. 17 and later confirmed dead. (Kyodo)

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Panasonic eyes 200 bil. yen sales in care business in FY2025

OSAKA, Japan - Panasonic Corp. envisages expanding sales in its elderly care-related business to the 200 billion-yen (about $1.91 billion as of Sept. 2, 2014) level in fiscal 2025 as increased demand is expected from aging postwar baby boomers. Employees conduct maintenance of a care bed at its Osaka Rental Center in Osaka Prefecture's Kadoma on Aug. 29, 2014. (Kyodo)