News On Japan

Analog Japan sinks to record low in global digital ranking

TOKYO - Japan has hit a new bottom in terms of global digital competitiveness, according to an annual ranking released Wednesday, underscoring the country's difficulty in modernizing public- and private-sector systems.

In the latest World Digital Competitiveness Ranking, published by Switzerland's Institute for Management Development (IMD), Japan placed 29th out of 63 economies, sliding one notch from last year to its worst place since the rankings began in 2017.

Japan continues to lag behind Asian economies Singapore (fourth), South Korea (eighth), Hong Kong (ninth), Taiwan (11th) and China (17th) in the rankings.

The ranking grades an economy based on knowledge, technology and future readiness. Japan suffered the most attrition in the knowledge category, dropping three spots from last year to 28th place.

Fueling this outcome is a dearth of personnel, digital skills and international experience. Japan will be short 450,000 information technology professionals in 2030, according to an estimate by the Ministry of Economy, Trade and Industry. ...continue reading

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Typhoon No. 24 was nearly stationary south of Japan as of 9 p.m. on September 1 and is expected to move north toward the Amami Islands, where its effects could persist for several days while an autumn rain front raises the risk of heavy rainfall across a wide area.

Japan's Environment Ministry will conduct its first survey of animal cafes, where customers can interact with animals including exotic species, as concerns grow over infection risks, injuries and the welfare burden placed on animals.

Haneda Airport introduced two major changes on September 2, opening a new boarding facility at Terminal 1 while moving the checked-baggage deadline for all domestic flights to 30 minutes before departure.

Universal Studios Japan is considering its first expansion since opening in 2001, with plans to use about 60,000 square meters of former Nippon Steel factory land adjacent to the park and potentially increase its total area by roughly 10%.

Japan will lower the statutory speed limit on certain residential roads from 60 kilometers per hour to 30 km/h from September 1, with police in Hyogo Prefecture urging drivers to familiarize themselves with the new rules and drive more carefully in neighborhood areas.

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U.S. Treasury Secretary Scott Bessent told Bank of Japan Governor Kazuo Ueda that he strongly supports decisive market intervention and monetary policy measures by Japan to address excessive yen weakness, saying the currency's depreciation is contributing to inflationary pressure.

Tokyo stocks ended mixed on September 1, with the Nikkei 225 closing at 66,215.34, down 96.59 points, or 0.15%, as rising bond yields and weakness in semiconductor shares weighed on the index, while the broader TOPIX rose 25.57 points, or 0.62%, to 4,181.86 for its ninth straight gain.

Japan's benchmark long-term interest rate reached 3% on September 1, its highest level since 1996, as government bond selling accelerated on expectations of a possible Bank of Japan rate hike, rising U.S. yields and growing concerns over Japan's fiscal outlook.

Honda and Nissan Motor have agreed to jointly develop an operating system and onboard computers for next-generation vehicles, aiming to introduce the technology in new models from fiscal 2029 as they seek to compete with U.S. and Chinese automakers.

Japan began producing a commemorative 1,000-yen silver coin marking 100 years since the start of the Showa era at the Japan Mint in Osaka on August 31, with a first-striking ceremony held to mark the start of production.

Tokyo stocks ended mixed on August 31, with the Nikkei 225 closing at 66,311.93, down 93.63 points, or 0.14%, after briefly plunging more than 1,500 points in early trading, while the broader TOPIX rose 9.58 points, or 0.23%, to 4,156.29 for its eighth straight gain.

Japan's benchmark long-term interest rate briefly climbed to 2.95% on August 31, its highest level in about 30 years, as investors sold government bonds on expectations of further Bank of Japan rate increases, rising U.S. yields and concerns over the outlook for government spending.

Curry restaurant chain CoCo Ichibanya will introduce a late-night surcharge for the first time from September 1 and raise prices on a dozen toppings as higher ingredient, packaging and labor costs put pressure on operations.