The signing of a presidential order imposing a 25% tariff on imports from Canada and Mexico by U.S. President Donald Trump has sent shockwaves through the markets, with the Nikkei Stock Average plunging sharply on February 3rd. Concerns are mounting over the impact on the Tokai region’s auto industry, a key pillar of the local economy.
Universal Studios Japan (USJ), a major theme park in Osaka, continues to draw large crowds from both Japan and abroad. Behind the scenes, thousands of employees keep the park running smoothly.
Costco announced on February 3rd that it will raise the annual cost of its Gold Star membership by 440 yen to 5,280 yen, while the Executive membership, which offers a 2% rebate on purchases, will increase by 660 yen to 10,560 yen, starting May 1st.
SoftBank Group Chairman and CEO Masayoshi Son and OpenAI CEO Sam Altman have launched a new AI services company in Japan, aiming to drive innovation in enterprise AI. At the unveiling, Son introduced the company’s first service, "Crystal," which he described as a revolutionary AI solution that will transform business operations.
Nara Governor Yamashita has announced the cancellation of a large-scale solar power project in Gojo City, citing the inability to secure local consent. The project, initially proposed as an alternative to a previously planned 2,000-meter runway, was intended to support power supply stability during disasters and include a disaster-response heliport.
Honda and Nissan's negotiations over a potential business integration have hit a roadblock, with concerns that Nissan’s restructuring measures are inadequate.
Manga-based movies were big hits in Japan last year. They took the top three spots, helping Japanese films see record box-office proceeds. (NHK)
Banks are engaged in an intense battle to attract deposits, pushing interest rates higher. While savings account holders may benefit from increased interest earnings, rising rates also mean heavier mortgage burdens and potential rent hikes.