News On Japan

High demand weight-loss drug 'Wegovy' now covered by Japan's health insurance

TOKYO - Danish pharmaceutical giant Novo Nordisk's anti-obesity drug "Wegovy" is now covered by Japan's public health insurance scheme. Doctor's, however, are concerned about the long-term effects of this highly addictive weight-loss treatment, and whether worldwide supply shortages will stop it getting into the hands of people who need it most.

The World Obesity Federation warns that by 2025, one in five adults worldwide may be obese, with a third of them having severe obesity with a BMI over 35.

Wegovy leads to an approximate 10% weight reduction through weekly injections of 2.4 mg, as per research including data from Japan. It's a self-administered injection that works by suppressing appetite and stomach movement, aiding in obesity treatment.

Chiba University Hospital's Dr. Kei Ono highlights the scarcity of such obesity drugs globally, with countries like Germany imposing export bans. In the United States, Wegovy's insurance coverage was approved in 2021, and its sales have more than tripled compared to the same period last year.

Another high-demand drug is "Ozempic," originally a diabetes medication known for its appetite-suppressing effects and used off-label for weight loss. Dr. Walden, an expert in obesity treatment drugs, notes the popularity of Wegovy and Ozempic in their clinic, with many patients seeking weight loss for cosmetic reasons.

However, Dr. Walden also points out that these drugs are not a permanent solution and can lead to dependency. Priority should be given to diabetic patients, and there are concerns about drug shortages due to unprescribed use, similar to what happened in the U.S.

Koichi Nagata, suffering from obesity with a BMI exceeding 42, has struggled to lose weight despite efforts like cycling, diet control, and weight training. Wegovy offers hope for fat burning and metabolic improvement, but concerns about side effects remain.

Japan's Ministry of Health, Labour and Welfare has guidelines against prescribing these drugs for non-medical weight loss. Dr. Ono expresses concerns about potential misuse for diet purposes and the resulting supply shortages, affecting those in genuine need.

Additionally, Dr. Ono warns of potential side effects like nausea and acute pancreatitis, emphasizing the importance of following prescribed dosages and medical guidance.

News On Japan
POPULAR NEWS

Typhoon No. 25 had left four people dead and six others missing in Chiba and Kanagawa prefectures by September 22, as the storm moved away from Japan and the extent of flooding and landslide damage across the Kanto region became clearer.

Transport disruption from Typhoon No. 25 continued across Chiba Prefecture on September 22 even as flights and major highways returned toward normal, with entire sections of the JR network remaining suspended for the day and all Narita Express services canceled because of flooding, landslides and damage to railway infrastructure.

Japan came within two runs of producing one of international cricket's biggest upsets on September 22, pushing reigning T20 world champion India to the final ball before losing a rain-shortened match at Sano International Cricket Ground in Tochigi Prefecture.

Japan's Asian Games campaign continued across a packed Day 4 schedule on September 22, with the women's badminton team securing another medal, the women's basketball team completing an unbeaten group stage, and Japan adding a historic bronze medal in mixed air rifle shooting as several of the host nation's biggest medal opportunities moved into the evening.

Japan collected another 12 medals on Day 3 of the Aichi-Nagoya Asian Games on September 21, with 17-year-old swimmer Shin Ohashi and karateka Kakeru Nishiyama winning gold, while the host nation also advanced strongly in women's volleyball, baseball, soccer, handball and hockey.

MEDIA CHANNELS
         

MORE Business NEWS

Tokyo’s stock market was closed on September 21 for Respect for the Aged Day, leaving the Nikkei 225 without a cash close after finishing the previous session at 65,019, while currency and futures markets focused on the yen, the Bank of Japan’s latest rate hike and intervention risks during Japan’s Silver Week holiday.

Japan's first five-day Silver Week holiday in 11 years has put renewed attention on household finances, with persistently high food prices and a weakening yen threatening to erode the benefits of the government's planned consumption tax cut on food.

A list of providers with identical promises turns selection into brute-force sorting. The differences do exist; they are just hidden somewhere other than the homepage.

The Bank of Japan raised its policy rate from 1.0% to 1.25% on September 18, taking borrowing costs to their highest level in 31 years and accelerating the pace of monetary tightening as persistent inflation and concerns over fiscal expansion put upward pressure on interest rates.

The yen strengthened by more than 1 yen against the dollar in a short period late on September 18 after the Bank of Japan conducted a rate check, a step commonly taken in preparation for possible intervention in the foreign exchange market.

Tokyo stocks rose sharply on September 18, with the Nikkei 225 climbing to around 65,350 in afternoon trading after the Bank of Japan raised interest rates to 1.25%, as the yen weakened and investors bought artificial intelligence and semiconductor-related shares.

The Bank of Japan raised its policy interest rate from 1.0% to 1.25% on September 18, lifting borrowing costs to their highest level in 31 years as policymakers moved to contain growing inflation risks, but the yen weakened sharply after the decision as markets focused on two dissenting votes and uncertainty over the pace of further increases.

A market spread is generally the difference between two market prices. Most commonly, traders use the term to describe the bid-ask spread: the difference between the highest price a buyer is currently prepared to pay and the lowest price a seller is prepared to accept.