News On Japan

Japan seeks to release rare earths, 10 other critical items from China's grip

Dec 22 (Nikkei) - Japan designated semiconductors, batteries and nine other items as strategically critical material on Tuesday, in a bid to reduce the exposure of those supply chains to China.

"This is the first step in advancing the resiliency of critical supply chains to safeguard the survival, livelihoods and economic activities of our citizens," Economic Security Minister Sanae Takaichi told reporters.

Strengthening supply chains represents one of the four planks in economic security legislation passed in May. The provisions direct the country to develop alternative supplies of important resources and products like chips and medical supplies, as well as stockpile material and find new suppliers.

Standing behind this push are risks connected to China, especially the looming potential of a Taiwan crisis.

For example, 90% of injectable antimicrobial agents sold in Japan are of the beta lactam type. However, almost all of the raw materials for beta lactam antimicrobials come from China. In 2019, Japan experienced an interruption in supplies, which forced hospitals to postpone surgeries. ...continue reading

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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)

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.

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

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.

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)

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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 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.

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

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.

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, 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.

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.

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.