News On Japan

Japan cuts economic view in Jan. as COVID-19 surges in China

TOKYO, Jan 25 (Kyodo) - The Japanese government on Wednesday downgraded its economic outlook for the first time in 11 months, reflecting a fall in exports amid a recent surge in COVID-19 cases in China.

The Japanese economy is "picking up moderately, although some weaknesses have been seen recently," the Cabinet Office said in its overall assessment report for January, noting that it continues to be weighed down by a multitude of factors including price hikes and supply chain constraints. ...continue reading

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The Japanese government is set to raise the cap on high-cost medical expenses starting in August, a decision that has ignited intense debate among politicians, healthcare experts, and the general public.

Visitors to the Osaka-Kansai Expo will not be allowed to bring large luggage, such as suitcases, into the venue. Organizers are urging attendees to store their bags at hotels or train stations before arrival.

The average price per Valentine's Day chocolate stands at 418 yen, marking a 5.8% increase from 2024, according to Teikoku Databank, with chocolates from international brands averaging 435 yen per piece, 35 yen higher than Japanese brands.

Osaka-Kansai Expo will offer visitors a glimpse into the "future of food," with companies unveiling innovative dining experiences set to be featured at the event.

Panasonic Holdings has announced plans to dissolve its core subsidiary, Panasonic Corporation, and split it into three separate companies as part of its business restructuring efforts.

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As new condominium prices continue to rise in Japan, homeownership is becoming increasingly challenging for many buyers. As a result, many potential buyers are turning to the used condominium market in search of more affordable options.

Nissan’s CEO has informed Honda’s president of the company’s decision to terminate merger discussions. Why did the planned alliance between Japan’s second- and third-largest automakers break down?

Nagoya’s Sakae district, one of Aichi Prefecture’s major commercial areas, is undergoing extensive redevelopment to create a more vibrant urban space and replace aging buildings.

Panasonic Holdings has announced plans to dissolve its core subsidiary, Panasonic Corporation, and split it into three separate companies as part of its business restructuring efforts.

Japan’s real wages declined for the third consecutive year in 2024, failing to keep pace with rising prices, according to the Ministry of Health, Labour and Welfare.

A recent Cabinet Office survey on gender equality revealed that 43.3% of respondents who changed their surname after marriage wanted to continue using their maiden name in the workplace. This marks a 4.2-point increase from the previous survey conducted two years ago.

Honda has proposed making Nissan a subsidiary as part of ongoing discussions on a potential business integration, according to sources.

Prime Minister Ishiba, ahead of the US-Japan summit with President Trump, is set to present a specially prepared map showcasing Japanese corporate investments across the United States, a strategic move aimed at emphasizing Japan’s economic contributions while negotiating key issues such as tariffs, defense spending, and security commitments.