In response to the Bank of Japan's decision to end its negative interest rate policy and implement the first interest rate hike in 17 years, the three major Japanese banks have announced an increase in deposit interest rates.
A new food and beverage delivery service, controlled by artificial intelligence (AI) robots, is set to launch in parts of Tokyo starting from Wednesday.
The world's largest gold nugget, certified by Guinness World Records, is currently on display in Izu, weighing in at 250 kilograms.
The Cabinet Office announced that Japan's nominal GDP in 2023 fell to fourth place globally, overtaken by Germany, in dollar terms, partly due to a continued downturn in personal consumption, influenced by rising prices.
Tokyo has initiated a demonstration experiment using helicopters to address and identify the challenges facing the commercialization of "flying cars."
Once, the terminus of the Tokyu Toyoko Line on the Yokohama side was Sakuragicho Station. It has been exactly 20 years since the section between Yokohama Station and Sakuragicho Station was discontinued on January 31, 2004, due to the start of direct operations with the Yokohama Minatomirai Line. At the same time, the section between Higashi-Hakuraku Station and Yokohama Station was also moved underground.
As demand for power semiconductors used in electric vehicles (EVs) and other applications continues to rise, major Japanese semiconductor companies are accelerating their efforts to enhance development and production. Power semiconductors have been a strong suit for Japanese manufacturers, and strengthening this sector is becoming a crucial phase in enhancing their competitiveness globally.
As concerns mount over aging infrastructure across Japan, six major companies including JR West, the NTT Group, and megabanks have decided to launch a new business to support local governments, by encouraging cooperation between multiple municipalities and assisting with fundraising.
This spring's labor negotiations will see labor unions of three major steel companies, members of the Basic Industry Workers' Federation, compile a policy proposal demanding wage increases of about 30,000 yen per month, which amounts to a base pay raise equivalent and marks the highest level in nearly 50 years.
Starting February, Japan's major banks have announced an increase in fixed mortgage rates, reflecting the rise in long-term interest rates.
A new initiative utilizing state-of-the-art communication technology, combining 5G and IOWN, to connect industrial devices has been launched by NTT East Japan.
The defense ministers of Japan, Britain and Italy signed an agreement on Thursday to establish a joint organization to develop a new advanced jet fighter, as the countries push to strengthen their cooperation in the face of growing threats from China, Russia and North Korea. (AP)
The best rally in a decade for Japanese stocks is being amplified by a surge in buyouts from company executives. (Japan Times)
Japan is considering postponing a project that aims to retrieve the world's first Martian moon surface samples from 2024 to 2026 due to issues with its new flagship H3 rocket, which is set to facilitate the probe's launch, sources close to the matter said Sunday. (Kyodo)
Japan’s biggest defense company, Mitsubishi Heavy Industries (MHI), has outlined plans for future growth through development investment in new major national defense projects, including standoff missiles and a joint next-generation fighter program with Britain and Italy. (The Diplomat)
Japanese manufacturers are repurposing idle factories to expand their production capacity of semiconductors used in electric vehicles. Remodeling existing plants is faster than building new ones from scratch. (NHK)
Sumitomo Mitsui Banking Corporation will soon raise the interest rate on 10-year term deposits from the current 0.002% to 0.2%, a 100-fold increase, following a similar move by Mitsubishi UFJ.
Mitsubishi UFJ Bank has announced that it will increase the interest rate for its 10-year fixed-term deposit, currently at 0.002%, by 100 times to 0.2%.
Mitsubishi Motors Corporation is expected to withdraw from automobile production in China, with a decision likely at an upcoming board of directors meeting.
Construction of a new skyscraper, set to be Japan's tallest building with a height of about 390 meters, has begun near Tokyo Station, developer Mitsubishi Estate Co. said. (Kyodo)
Binance Japan and Mitsubishi UFJ Trust Bank (MUTB) are partnering to create new stablecoins pegged to major currencies, including the Japanese Yen and the U.S. Dollar, according to a statement released on Tuesday. (MSN)
A new theme park in Yokohama with a land area equivalent to Tokyo Disneyland is set to open in 2031 on a former military site.
Yamato Transport has announced the introduction of approximately 900 new models of small electric vehicle (EV) trucks nationwide in an effort to contribute to a decarbonized society.
Eight financial and IT companies, including Mitsubishi UFJ Trust Bank and Sumitomo Mitsui Trust Bank, announced on Monday the joint establishment of a new company in October to streamline the overall exchange of assets, including securities transactions and inter-corporate settlements.
All four major Japanese banks will raise rates on 10-year fixed rate home loans from September, it was announced on Thursday.