News On Japan

Used-car prices soaring in Japan

Mar 14 (NHK) - The global semiconductor shortage has been making new cars hard to come by and now it is affecting used vehicles. The limited supply has sent prices for previously-owned cars soaring in Japan.

Leading Japanese used-car auction company USS says the average price for second-hand vehicles it offered in February was just over 1 million yen, or about 8,500 dollars, which is up 20 percent in yen terms from a year earlier.

It is the first time the company's average final auction price topped 1 million yen since 2000, when statistics became available.

Buyers in Japan have been opting for used cars instead of waiting up to six months for new ones.

Analysts say there are not enough used vehicles to meet demand. Many owners are not currently looking to sell their cars, and used vehicles are also being exported to countries where Japanese models are in demand.

News On Japan
POPULAR NEWS

Typhoon No 22, named Halong, has stalled south of Chichijima in the Ogasawara Islands and may soon change its course, with weather authorities urging the public to stay alert for new updates.

Sanae Takaichi, elected as the Liberal Democratic Party’s new president on October 4th, declared on stage, “I ask everybody to work like a horse,” after defeating agriculture minister Shinjiro Koizumi in a runoff to become the party’s first female leader.

A string of so-called “honey trap” cases is drawing attention across Japan as schemes once limited to extortion have become increasingly violent, involving physical assaults and life-threatening intimidation.

Police have revealed that a woman killed by her former partner in Higashi-Osaka had sustained dozens of stab wounds across her body, including injuries that pierced internal organs.

Vast hillsides have been cleared for the construction of a large-scale solar power facility in Kamogawa, Chiba Prefecture, leaving piles of felled trees scattered across the slopes. The development covers approximately 146 hectares, or the size of 32 Tokyo Domes, and involves cutting down about 365,000 trees to make way for 470,000 solar panels.

MEDIA CHANNELS
         

MORE Society NEWS

Richard Keita Kusama, a 29-year-old member of the idol group Aぇ! Group under STARTO Entertainment, was arrested by Tokyo Metropolitan Police on suspicion of public indecency.

A mobile battery caught fire inside a train on the Osaka Metro Midosuji Line on October 4th, injuring two women and disrupting operations on both northbound and southbound tracks.

A man in his twenties who was abducted in Amagasaki, Hyogo Prefecture, in June and later killed has been confirmed dead after his remains were found as bones in the mountains of Kochi Prefecture.

Police have revealed that a woman killed by her former partner in Higashi-Osaka had sustained dozens of stab wounds across her body, including injuries that pierced internal organs.

Right now in big cities in Japan, there are more and more protests by Japanese people against the government's immigration policies. (Japanese Comedian Meshida)

Princess Aiko, the daughter of the Emperor and Empress, has tested positive for Covid-19, the Imperial Household Agency announced on October 2nd, cancelling her scheduled trip to Shiga Prefecture on October 5th and 6th to observe the National Sports Festival.

A man in his 60s was found bleeding and collapsed inside a cattle barn in Tsugaru, Aomori Prefecture on the morning of October 2nd, later dying after his condition suddenly worsened.

A two-story wooden house collapsed in Tokyo’s Suginami Ward on the night of September 30th, with experts suggesting that the ground beneath the property, rather than the building itself, gave way, likely due to a cracked retaining wall.