News On Japan

Will Iran Crisis Trigger a Spike in Power Costs in Japan?

TOKYO - Long-running tensions surrounding Iran are expected to push up household electricity bills, with Japanese power companies bracing for higher costs this summer as crude oil prices remain elevated, even as Japan has shifted its energy mix toward renewables, now accounting for more than 20% of total power generation following the Great East Japan Earthquake.

Among these, solar power has taken the largest share, supported by government incentives that have driven steady growth in both large-scale solar farms and rooftop installations on homes and offices, although environmental concerns, landscape issues, and regulatory violations involving some mega-solar projects have prompted calls under the Takaiichi administration to reassess Japan’s solar energy policies.

In a residential area of Tokyo, workers were seen installing solar panels on rooftops, each weighing around 20 kilograms, with lighter designs improving ease of installation, while battery storage systems were also added to store generated electricity.

One homeowner, Kirihara Tomomi, decided to install solar panels ahead of the March deadline for Tokyo’s subsidy program, which triggered a surge in last-minute demand, noting that subsidies significantly reduced the total cost of 3.77 million yen, with approximately 2.34 million yen covered by the Tokyo metropolitan government.

The system began operating the following day, generating around 3.3 kilowatts under sunlight, with a maximum output of 4.6 kilowatts from 10 panels depending on weather conditions, while excess energy can be stored in a battery with a capacity of up to 15 kilowatts, enough to cover roughly one day of electricity use for a typical four-person household in the event of a blackout.

Despite growing adoption, the installation rate of solar systems across buildings in Tokyo remains at about 6%, partly due to the weight of conventional panels, which many roofs and factories cannot support, as well as seismic safety concerns, while most panels currently in use are manufactured overseas, with China accounting for roughly 80% of supply.

Against this backdrop, the government is promoting perovskite solar cells, a next-generation technology developed in Japan that uses thin, flexible film weighing about one-tenth of conventional silicon panels and capable of being installed on a wide range of surfaces.

Seen as a potential breakthrough amid rising energy costs driven by geopolitical tensions, domestically produced solar technology could offer Japan a path toward greater energy independence.

At the forefront of this effort is Sekisui Chemical, where researchers are working to commercialize flexible perovskite solar cells, with rooftop test installations demonstrating various configurations designed to maximize solar energy capture.

Morita, a veteran with 34 years at the company, has led the development, which began 13 years ago with a small team of three, initially facing skepticism before gaining momentum as a company-wide strategic project targeting commercialization by fiscal 2025.

Sekisui Chemical, with annual sales of around 1.3 trillion yen, operates across housing materials, high-performance plastics, and protective films used in automotive glass, leveraging its materials expertise to advance the new solar technology.

Perovskite solar cells consist of multiple layered materials, with a key component being a crystalline structure known as perovskite, which converts light into electricity within an ultra-thin film of just one micron, using iodine as a primary raw material.

That iodine, sourced from ancient underground brine deposits, represents a domestic resource that researchers believe could underpin Japan’s competitive advantage in next-generation solar energy, offering hope that the country can reclaim a leading position in the global solar market while addressing rising electricity costs.

Source: テレ東BIZ

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The resignation of Nvidia CEO Jensen Huang on November 12 following allegations involving a woman suspected of links to Chinese intelligence has raised concerns in Japan over the potential impact on semiconductor investment, financial markets and the yen, as uncertainty surrounding the American AI chipmaker threatens to disrupt the global technology industry.

Japan launched a new national disaster management agency on November 2nd to strengthen its response to major emergencies, just days before a powerful earthquake struck Aichi Prefecture, injuring 24 people and renewing concerns over the possibility of a catastrophic Nankai Trough earthquake.

Russia's Foreign Ministry on November 11 defended the government's unilateral decision to place the local subsidiary of Japan Tobacco (JT) under the management of a Russian company, describing the move as a countermeasure against what it called Japan's "blatantly hostile actions."

East Japan Railway (JR East) announced on November 10th that it will introduce touch-free ticket gates at 40 stations, including every station on Tokyo's Yamanote Line, from spring 2028, allowing passengers using Mobile Suica to pass through without taking their smartphones out of their pockets or bags.

Japan's Children and Families Agency unveiled its first national guidelines on November 10th for parental involvement in children's internet use, dividing those aged 0 to 18 into six developmental stages as the government considers tighter regulations on social media platforms to protect young people from online bullying, exploitation, and other growing risks.

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Kobe is undergoing a sweeping transformation, with major redevelopment projects around Sannomiya Station, the planned closure and renovation of the Mosaic shopping complex at Harborland, and the international expansion of Kobe Airport raising hopes that the port city can attract more overseas visitors while improving everyday life for residents.

Japan's Nikkei 225 Stock Average fell about 429 points, or 0.7%, to close near 60,819 on Thursday, November 12, ending a three-day winning streak as reports concerning Nvidia chief executive Jensen Huang triggered heavy selling in semiconductor-related shares, while the broader TOPIX index edged 0.2% higher to around 3,937.

SoftBank Group raised a record 1 trillion yen through bonds aimed at individual investors in September, offering an annual interest rate of 4.75% on seven-year securities as the Japanese technology investment giant seeks to finance massive investments in artificial intelligence and strengthen its cash reserves.

Japan's corporate goods price index rose 7.1% in October from a year earlier, returning to the 7% range for the first time in two months and highlighting persistent inflationary pressures on businesses, according to data released by the Bank of Japan on November 12th.

A survey of more than 20,000 full-time employees in Japan has revealed a significant gap between actual and preferred overtime hours, with workers averaging 23.8 hours of overtime a month compared with an ideal of 14.1 hours, a difference of 9.7 hours.

Tokyo stocks extended their recovery on Wednesday, November 11th, with the Nikkei 225 closing at 61,248.59 points as of 3:30 p.m., up 789.01 points, or 1.31%, from Tuesday, marking a third consecutive session of gains as investors bought semiconductor and artificial intelligence-related shares despite renewed concerns over US inflation and interest rates.

SoftBank Group reported a net loss of 768 billion yen for the six months from April to September, largely due to losses associated with a review of its artificial intelligence data center plans in the United States, but the Japanese technology investment giant said it would continue pursuing its long-term AI strategy despite the financial setback.

Japan's benchmark Nikkei 225 Stock Average surged 1,684.08 points, or 2.87%, to close at 60,459.58 on Tuesday, November 10, 2026, at 3:30 p.m. Japan time, recovering the psychologically important 60,000 level for the first time in three trading sessions as investors bought back artificial intelligence and semiconductor shares following a sharp rebound on Wall Street.