Business | 3

ANA Holdings is set to significantly reduce its domestic air cargo rates to as much as one-tenth of the current prices starting next month.

In response to Nissan Motor Co.'s violation of the subcontractor law, the Japan Automobile Manufacturers Association (JAMA) has announced that it will conduct an "urgent inspection" to ensure no illegal transactions exist across the industry.

The Ministry of Internal Affairs and Communications announced that the national Consumer Price Index (CPI) for February, excluding volatile fresh food prices, increased by 2.8% compared to the same month last year.

The Nikkei Stock Average on the Tokyo Stock Exchange has updated its all-time high during trading hours for the second consecutive day, momentarily reaching the 41,000 yen mark.

Nidec Corporation, an electronics manufacturer based in Kyoto, has announced that it has entered into a naming rights agreement with Keihan Group, which operates Kyoto Tower.

Hitachi Ltd. has unveiled a full-scale model of the new train cars for the Washington, D.C. Metro system in the United States. The new vehicles are equipped with digital screens that provide real-time information and high-resolution security cameras for passenger safety.

All 46 prints of Hokusai's "Thirty-six Views of Mount Fuji" were auctioned off at Christie's on Tuesday, fetching over $3.5 million.

The children's clothing market in Japan is undergoing a "drastic change." According to the Ministry of Health, Labour and Welfare, the number of births has decreased for eight consecutive years, forcing manufacturers to focus on new strategies in a shrinking market.