Aug 13 (BestInTESLA) - Resistance to switch to EVS could really hurt Japan as a country. Japan has already lost some huge export industries to South Korea and China like semiconductors and home appliance but it looks like they could also lose the automotive industry because of the stubbornness of Toyota and other companies that are fighting against the transition to EVS.
Japanese automakers could really hurt Japan’s economy
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A growing number of young people from China are traveling to Japan to take university entrance exams, drawn by the lower costs, perceived ease of admission, and better safety compared to their home country.
The leaders of the Liberal Democratic Party (LDP), Komeito, and Nippon Ishin no Kai met on February 25th at the National Diet to discuss key policy initiatives.
A demonstration demanding the abolition of the consumption tax and the restructuring of the Finance Ministry took place in front of the ministry’s headquarters in Tokyo’s Kasumigaseki district on February 24th. The scene at around 5 p.m. was markedly different from the usual atmosphere.
A strong cold air mass has swept into southern Kyushu due to a winter pressure system, bringing snowfall to Sakurajima in Kagoshima, even as March approaches.
As March 3rd's Hinamatsuri approaches, 'Ebitokanino (Shrimp & Crab) Aquarium' in Susami is displaying a collection of unique marine creatures representing the arrival of spring. Among them is the vibrant pink goldie (Pseudanthias squamipinnis), resembling delicate peach blossoms, and the hishigani crab, whose folded claws resemble the layered colors of traditional Hishimochi rice cakes.
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In 2024, Japanese companies engaged in a record 4,700 mergers and acquisitions (M&A), marking a new high. Kyodo News economic editor Satoshi Matsuo explains the factors behind this surge. M&A has become a key strategy for Japanese businesses facing a wave of retirements and business closures. While some acquisitions aim to expand overseas, others focus on ensuring business continuity in Japan’s rapidly aging economy.
US prominent investor Warren Buffett has written that he is looking to increase his company's holdings in Japan's five largest trading houses in his annual letter to shareholders. (NHK)
Vision Megane, widely known for its catchy commercial jingles, faced a major crisis in 2013 when it applied for civil rehabilitation, effectively declaring bankruptcy. Surprisingly, the man who led the company’s revival was none other than a CEO chosen through an amidakuji (lottery-style drawing).
Socks from a leading manufacturer in Nara Prefecture, Japan’s top producer, have been chosen for the official uniforms of staff at the Osaka-Kansai Expo. On February 21st, 10,000 pairs were shipped to Osaka.
Japan's nationwide Consumer Price Index (CPI) rose 3.2% in January compared to the previous year, marking the highest increase in a year and seven months, according to the Ministry of Internal Affairs and Communications.
The wholesale price of rice in Japan continues to climb, with the Ministry of Agriculture, Forestry, and Fisheries announcing on February 19th that the average price for rice traded in January under the 2024 harvest reached 25,927 yen per 60 kilograms of brown rice.
SBI Shinsei Bank will double the interest rate on savings accounts for individuals aged 60 and older starting in April.
More than half of employees in Japan say they do not want to become managers, according to a recent survey on management career aspirations conducted by a human resources company. Only 20.5% of respondents expressed a desire for a managerial role, while the majority said they would rather avoid it.