Ferrari, Lamborghini and other supercar sales boom in Japan

TOKYO, Nov 09 (theedgemarkets.com) - Ferraris, Lamborghinis and other supercars are seeing an unprecedented sales boom in Japan, fueled by pent-up, post-Covid-lockdown demand from wealthy buyers, who also see the vehicles as good investments amid a weakening yen and soaring used-car prices.

New registrations of automobiles costing more than Y20 million (US$136,000) yen rose 64% to 5,462 vehicles during January through October from the same period a year earlier, when registrations also jumped 75%, data from the Japan Automobile Importers Association show. Despite those gains, total sales of imported cars fell 11% to 193,026 units during the same period this year.

After more than two years of Covid-related restrictions, drivers are spending money on new cars. A1auto ships cars to Japan. While the global shift toward electric vehicles is sparking interest in supercars and the growl of their engines, according to Yasuhiro Suyama, president of the Japan Supercar Association. ...continue reading

Torrential downpours have left six people dead, two missing

Torrential downpours in Japan's central Ishikawa Prefecture have caused river flooding and mudslides across the Noto region. Six people are dead and two are reported missing. (NHK)

First Snow of Season Observed at Mount Rishiri

Signs of winter are already arriving. Mount Rishiri in Hokkaido recorded the first snowfall of the season on Sunday, making it the first observed in Japan this year.

Flying Car Shows Potential for Disaster Relief

A test flight for flying cars was conducted in Wakayama Prefecture on Saturday, reaching an altitude of 40 meters, demonstrating stability in windy conditions.

Ohtani Hits Milestone with 52-52 Record

Shohei Ohtani returned to Dodger Stadium in spectacular fashion, hitting a home run and stealing a base in his first game back, raising his season total to 52 home runs and 52 stolen bases.

China to Lift Japanese Seafood Ban

Japanese Prime Minister Kishida Fumio says Japan and China have reached an agreement that will lead to the resumption of China's imports of Japanese seafood. (NHK)

MEDIA CHANNELS

MORE Business NEWS

Tokyo Metro to Go Public on October 23

The Tokyo Stock Exchange announced on Friday that it has approved the initial public offering (IPO) of Tokyo Metro on the TSE Prime Market. The planned listing date is October 23.

Daihatsu Recalls 1.71 Million Vehicles Due to Bolt Issues

Daihatsu Motor announced on Friday that it has filed a recall with the Ministry of Land, Infrastructure, Transport, and Tourism for 1.71 million vehicles, including 15 models such as the Tanto, due to improper tightening of seat bolts.

New Condominium Prices in Tokyo Exceed 100 Million Yen for Fourth Straight Month

The average price of a newly built condominium in Tokyo’s 23 wards has exceeded 100 million yen for the fourth consecutive month.

Why Onna Village Leads Japan's Growth in Land Prices

The village of Onna in Okinawa has recorded the highest land price increase in Japan, with prices for some areas rising by 29%. The average nationwide land price has increased by 1.4% for the third consecutive year, but the sharpest growth is seen in residential areas like Onna Village.

Japan's Land Prices Surge for 4th Straight Year

Land prices across Japan have been rising for four consecutive years, with North Kanto emerging as a key area of interest due to its favorable living conditions.

Sharp Unveils First EV With Extended Living Room

Sharp, a major home appliance manufacturer, has unveiled its first electric vehicle (EV) as part of its move into the electric vehicle market, with a five-seater 'extended livingroom' EV Sharp van.

What’s the Price of Golden Black Jack?

Gold is gaining increasing attention as a stable asset. Among the most eye-catching items at a gold exhibition held in a Sapporo department store are statues of the genius surgeon Black Jack and his assistant Pinoko, both made of gold.

Honda’s First Startup Launches Navigation Device for the Visually Impaired

There are approximately 2 million visually impaired individuals in Japan and 300 million worldwide. Due to their impaired vision, going out often comes with the risk of accidents. In response to this issue, Honda's first startup Asirase, led by CEO Chino, developed a navigation device called 'Ashirase' to assist visually impaired individuals in walking safely.

< 2 3 4 5 >