News On Japan

Japan's food exports hit new high on seafood, whisky demand

TOKYO, Feb 04 (Nikkei) - Japan's food exports soared to a 10th straight annual record in 2022, as the economic reopening from the pandemic in many countries sparked renewed interest in dining out.

A weaker yen helped make foodstuffs from Japan competitively priced for international buyers as well. ...continue reading

Source: ANNnewsCH

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Following the Japan-U.S. summit during the Trump administration, discussions about liquefied natural gas (LNG) imports gained momentum. The agreement to expand LNG purchases from the U.S. was seen as a key development, but significant challenges remain. Will this lead to lower gas prices in Japan? And what are the five countries that pose obstacles to fulfilling this commitment?

Aichi’s famed Konomiya Hadaka Festival took place on February 10th at Konomiya Shrine in Inazawa City, where men clad in only fundoshi loincloths clashed in a frenzied struggle. The traditional event, which has continued for over 1,200 years, centers around the ‘Shin Otoko’ or ‘Sacred Man,’ chosen by lottery, whom participants believe will cleanse them of misfortune if they manage to touch him.

Rice prices in Japan continue to rise, despite the government’s plan to release emergency reserves in an effort to stabilize the market. A bowl of tendon, topped with freshly fried tempura, is incomplete without steaming hot rice, but the cost of this staple has been steadily increasing.

An avalanche occurred around noon on Monday along a prefectural road in Fukushima City, leaving two hot spring inns isolated once again due to record snowfall.

With just two months remaining until the opening of the Osaka-Kansai Expo, new initiatives are being introduced to enhance visitor convenience.

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The stalled merger talks between Honda and Nissan, as well as Nippon Steel’s acquisition bid for US Steel, are in the spotlight. The negotiations for a management integration between Honda and Nissan were scrapped in just about a month after they were revealed, largely due to the size differences between the two automakers.

Confusion arose during a joint press conference following the U.S.-Japan summit on February 7th when former President Donald Trump mistakenly referred to Nippon Steel as "Nissan" three times while discussing the company's planned acquisition of U.S. Steel. His remarks led to brief speculation about whether struggling automaker Nissan was investing in the American steel giant.

A senior executive of Taiwan’s electronics manufacturing giant, Hon Hai Precision Industry (Foxconn), reportedly visited Japan last month and met with Nissan officials, according to Taiwanese media reports.

Takanawa Gateway City, one of Tokyo’s largest redevelopment projects, is set to open on March 27. While still under construction, many of the barriers have been removed, revealing glimpses of the city’s future landmark.

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.