News On Japan

Honda, peers to ride 20 motorcycles off into the sunset this year

Jun 23, 2022 (Nikkei) - Honda Motor and three Japanese rivals plan to discontinue about 20 motorcycle models by the end of this year, Nikkei has learned, in response to tougher emissions standards to be implemented in Japan in the fall.

The retired motorbikes represent 10% of the roughly 190 models available from Honda, Yamaha Motor, Suzuki Motor and Kawasaki Heavy Industries.

Going forward, the companies will shift to electrics. Honda will electrify its entire lineup of vehicles by the 2040s. Yamaha will make 90% of new vehicles plug-ins by 2050.

Honda, the world's largest motorcycle company, will retire approximately 10 out of 80 models. The affected bikes include popular models like the CB400 Super Four, a midsized motorcycle which has been a bestseller since the 1990s.

Also on Honda's chopping block are models from the full-sized Gold Wing series, as well as the Benly scooter made for delivery services.

Yahama will stop selling two models from its flagship FJR1300 series of tourers. Suzuki will pull at least five out of roughly 20 models from production lines by October, including the midsized GSX250R.

Kawasaki Motors, a subsidiary of Kawasaki Heavy Industries, stopped delivering some full-sized motorcycles last year.

Japan adopted tougher emission standards at the end of 2020 that applied to new models. The standards will apply to all existing models in November.

The rules are modeled after the European Union's Euro 5 law, introduced in January 2020. It mandates that nitrogen oxide emission be cut by up to 33%.

News On Japan
POPULAR NEWS

Two typhoons moving across the Pacific southeast of Japan are expected to remain well away from the Japanese mainland, but powerful swells could bring rough seas to a wide stretch of the country's Pacific coastline throughout the three-day holiday weekend, according to forecasts updated at 3 a.m. on October 10.

A series of cyberattacks has disrupted business operations and exposed millions of customer records across Japan, with a ransomware attack on a cloud service provider affecting 495 companies and local governments nationwide, while convenience store operator Lawson has disclosed a separate breach involving more than 2.15 million personal information records.

Japan's first 360-degree projection mapping show will open at the Osaka City Museum of Fine Arts on October 10, transforming the historic building into an immersive world of light, music, and seasonal imagery, with organizers hoping the attraction will also help stimulate the city's nighttime economy.

Tokyo University of Science professor emeritus Kenzo Soai has been awarded this year's Nobel Prize in Chemistry together with French chemist Henri B. Kagan for discoveries that transformed scientists' understanding of how chemical reactions can favor one of two mirror-image forms of a molecule.

The US military suspended activities by all forces stationed in Okinawa for 48 hours from noon on October 7, an unusual measure following the arrest of a US Marine in connection with a robbery and murder case that has renewed scrutiny of crimes involving American service members.

MEDIA CHANNELS
         

MORE Business NEWS

Tokyo stocks fell sharply on June 26 as investors locked in profits from Japan’s record-setting AI-driven rally, with SoftBank Group and chip-related shares leading a broad retreat after reports that OpenAI may delay its initial public offering.

Japan recorded a current account surplus of 4.062 trillion yen in August, an increase of 12% from a year earlier, driven primarily by a sharp rise in income from overseas investments, even as higher crude oil prices pushed the country's trade balance into deficit.

Household spending in Japan fell 3.1% in August from a year earlier, marking the ninth consecutive month of decline as rising food prices continued to weigh on consumer budgets, according to the latest household expenditure survey released by the Ministry of Internal Affairs and Communications on October 9.

Tokyo stocks ended nearly unchanged on August 12, with the Nikkei 225 at 66,988.82, as gains in energy and financial shares offset weakness in electronics and pharmaceuticals while investors weighed higher crude oil prices, a weaker yen and growing expectations for another Bank of Japan rate increase.

Japan is entering a more difficult phase in its cybersecurity challenge, as a succession of major data breaches and ransomware attacks exposes weaknesses not only in corporate IT systems but also in supplier networks, governance structures and operational resilience.

Japan's four largest beer makers were subjected to simultaneous compulsory searches on October 7 over suspicions they coordinated wholesale prices for beer and other alcoholic beverages, in a rare cartel investigation that could lead to criminal charges.

Tokyo stocks fell on October 7, with the Nikkei 225 closing at 70,036, down 648 points, as investors took profits in semiconductor and artificial intelligence-related shares after the index’s rapid climb above 70,000 earlier in the week.

Japan's prolonged period of rising prices is continuing to squeeze households and businesses, driven by the weak yen, higher raw material costs and rising wages, forcing consumers to change how they shop and cook while companies search for ways to contain costs without losing customers.