News On Japan

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

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The Tokaido Shinkansen resumed service at 7:00 p.m. on April 30th after a power outage forced a suspension of operations, but major delays continued to affect the timetable.

Shizuoka Governor Heita Suzuki announced on April 30th that the prefecture will implement its “Cool Biz” dress code throughout the year starting in May 2025. Previously limited to the warmer months from May through October, the initiative encourages relaxed attire for government workers, such as going without neckties, to create a more comfortable working environment.

Vietnam’s national pavilion finally opened on April 30th -- 17 days behind schedule -- after delays in exhibit preparations kept it closed during the April 13th launch of the Osaka-Kansai Expo.

The rules surrounding benefits for parents on childcare leave were tightened in April due to concerns over the practice known as 'aiming to miss nursery placement.'

The "phantom bridge," a Hokkaido heritage site in the Tokachi region known for appearing and disappearing with the seasons, has begun drawing visitors again in 2025 as its elusive form grows increasingly fragile.

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Toyota has announced that it has reached a basic agreement with Waymo, the autonomous driving division under Google's parent company, to move toward a new partnership.

The Bank of Japan is expected to keep its policy rate unchanged at the meeting starting today, as it takes time to assess the impact of the evolving U.S. tariff policy under Donald Trump.

Matsuo, operator of the Matsuo Jingisukan chain, has embarked on a surprising new venture by opening its first specialty shoe store last week in Atsubetsu Ward, Sapporo, selling footwear instead of lamb.

At Daimaru Umeda, a new event has started featuring popular South Korean cosmetics brands on a weekly rotation, leading to an uptick in visits from younger shoppers and those interested in Korean fashion. Hankyu Umeda is also preparing to launch a new section aimed at customers aged 25 and under, offering a fresh shopping experience that incorporates lifestyle goods and Korean brands.

The largest operator of hospice-style residential facilities, Ishinkan, already under scrutiny for allegedly inflating and falsifying medical service claims for home nursing visits, is now suspected of also fraudulently overbilling for home care services, according to testimony from multiple current and former employees.

Sushiro, one of Japan's leading conveyor belt sushi chains, is rapidly expanding its presence in China. On April 30th, it plans to open its first location in Zhejiang Province, bringing the total number of stores on the mainland to more than 50 in less than four years since entering the market.

Construction of the Integrated Resort (IR) complex in Yumeshima, Osaka—adjacent to the site of the 2025 World Expo—began on April 24th, with plans to open the facility in five years.

Toyota Motor Corporation announced on April 24th that its global sales for fiscal 2024 totaled 10,273,719 vehicles, a 0.3% decrease from the previous year, marking the first year-on-year decline in four years.