Japan govt approves opening of Tokyo's Toyosu market
Jiji -- Sep 11
Japanese Agriculture, Forestry and Fisheries Minister Ken Saito on Monday approved the opening of the Toyosu new wholesale food market in Tokyo's Koto Ward to succeed the iconic but aging Tsukiji market in neighboring Chuo Ward in the capital.

The approval was given under the wholesale market law. The Tokyo metropolitan government will open the Toyosu market on Oct. 11, about two years later than originally scheduled.

In talks with reporters, Tokyo Governor Yuriko Koike showed her resolve to speed up preparations for the launch of the Toyosu market. "We'll work with local communities and industry groups to foster the Toyosu market into a core market in Tokyo," she said.

In August 2016, Koike announced her decision to postpone the market relocation, planned for November the same year. Later, it was found that soil replacement work as a pollution control measure had not been carried out for some facilities at the Toyosu market, a former gas plant site. Instead, concrete-walled empty basements were found to have been constructed under the buildings.

The Tokyo government has since implemented additional safety work at the Toyosu site.

News source: Jiji
Oct 16
As a fuller picture of the damage from Typhoon Hagibis emerges, Japan faces weeks of delays in restoring some train service, but supply chains weathered the storm relatively well, attesting to the rise of disaster planning. (Nikkei)
Oct 14
Digging for buried treasure has never been so fun, it isn’t often said that all you need is the push of a button and riches could fill your pockets. (newsonjapan.com)
Oct 12
A Toyota Motor group finance unit will issue Japan's first zero-rate corporate bond Oct. 25 as subzero yields spill over from government bonds to private-sector debt, which carries the risk of default. (Nikkei)
Oct 11
Japanese retailer Seven and i Holdings announced on Thursday a major restructuring plan. (NHK)
Oct 11
Japanese investors celebrated Akira Yoshino's Nobel Prize win by purchasing stocks associated with the lithium-ion battery the researcher helped develop. (Nikkei)
Oct 09
Nissan Motor has appointed senior vice president Makoto Uchida to be its next president and chief executive officer. His predecessor, Hiroto Saikawa, resigned in September over his overcompensation. (NHK)
Oct 09
Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. (Japan Times)
Oct 09
The Chairman of Kansai Electric Power Company, Makoto Yagi, is said to be considering stepping down in connection with a money scandal. (NHK)
Oct 08
Hardly a day goes by without news of SoftBank Group Chairman and CEO Masayoshi Son. The global technology investor is convinced that the future belongs to artificial intelligence, but he is also dissatisfied with his performance today and what he sees as a lack of drive in the Japanese business world. (Nikkei)
Oct 08
Japan's corporate culture traditionally demands long hours, commitment to the company, and frequent drinking sessions. Peer-pressure is still there, but a younger generation of workers is beginning to abstain. (dw.com)