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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Kyoto’s prized bamboo shoots, a seasonal delicacy that graces dining tables each spring, are facing an unprecedented crisis this year. The culprit is the Chinese bamboo moth (Sinachiku nomeiga), whose larvae feed on bamboo leaves, weakening the plants and severely reducing harvest yields.

Typhoon No. 25 (Kalmaegi) is currently located east of the Philippines and moving west-northwest. The storm is expected to continue on a westward track, passing near the Philippines before entering the South China Sea. Weather agencies forecast that the typhoon will not have a direct impact on Japan.

Halloween Eve in Shibuya still drew a festive atmosphere, with people gathering in costume and enjoying the night. Tokyo police deployed several hundred officers, including the well-known “DJ police,” to manage the crowds and prevent congestion at the famous Shibuya Scramble Crossing.

Japanese Prime Minister Takaichi and Chinese President Xi Jinping stood side by side before the cameras on October 31st at 5 p.m. for a moment that drew intense attention. “Hello, please this way,” said Xi as the two leaders exchanged a handshake lasting roughly 10 seconds in front of their national flags. Takaichi’s expression was stiff at first but softened slightly into a faint smile, while Xi’s face remained largely unchanged.

Bear attacks are reaching unprecedented levels across Japan, with a record 12 fatalities so far this year as sightings continue daily from mountain towns to city centers, disrupting schools and local institutions.

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Condominium prices show little sign of cooling as even secondhand units in central Tokyo are routinely listed above 100 million yen, with a recent survey indicating the average price of new condominiums launched in the 23 wards in the first half of this fiscal year reached about 133.09 million yen and resale units have exceeded 100 million yen for five consecutive months, underscoring a market in which construction and labor costs have jumped, demand has spilled over into used stock, and buyers are being urged to scrutinize properties more carefully.

The Nikkei Stock Average closed at a record high of 52,411 yen on October 31st, up 1,085 yen from the previous day, marking the first time in history it has ended above the 52,000-yen level. This is the third consecutive day the index has reached a new all-time closing high.

In a quiet neighborhood of Osaka stands a four-story building with around 40 rooms. Yet more than 100 companies are registered there, despite the absence of any visible workers.

Two tea buyers from London arrived in Fukuoka on October 28th to explore the unique appeal of Yame tea, one of Japan’s most celebrated green teas. The visit, organized by Fukuoka Prefecture as part of efforts to expand agricultural exports, aimed to introduce the rich aroma and depth of Yame tea to the United Kingdom, a nation long associated with black tea culture.

The Japan Mobility Show opened on October 29th, marking the start of Japan’s premier automotive exhibition, where foreign manufacturers are stepping up their entry into the country’s growing electric vehicle (EV) market.

The Nikkei Stock Average closed at 50,512 yen on October 27th, surpassing the 50,000 mark for the first time in history and setting a new all-time high. The benchmark index rose 1,212 yen from the previous trading day, driven by strong gains across sectors.

McDonald's Japan announced it will phase out the use of paper straws and introduce new lids that allow customers to drink directly from the cup without a straw starting on November 19th.

More homebuyers in Japan are turning to ultra-long housing loans, with some mortgages now stretching as long as 50 years as buyers try to keep monthly payments down in the face of sharply higher construction costs.