Green groups target Japan's mega banks on climate action

Apr 12 (Business Mirror) - INVESTOR activist group Market Forces and other environmental nonprofits filed shareholder proposals with several Japanese megabanks and utilities, seeking to require them to disclose more specific plans on how they will work to meet climate targets set by the Paris Agreement.

The proposals target Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. Power utilities Tokyo Electric Power Co. and Chubu Electric Power Co. also received resolutions, as well as trading giant Mitsubishi Corp.

The activists are calling on the megabanks to create and disclose transition plans that match lending and investment portfolios with Paris Agreement goals. They argue that the banks’ climate targets and policies aren’t aligned with 2050 net zero pathways set by the International Energy Agency and the Net Zero Banking Alliance.

Japan has a goal to become carbon neutral by 2050, and both the government and the private sector have called on using a variety of methods to reduce emissions. Power producers like Jera Co., a joint venture between Tepco and Chubu Electric, are betting on developing technologies like carbon capture and storage and co-firing fossil fuel generation with ammonia or hydrogen.

But that approach threatens to extend the operational lives of both new and planned coal-fired plants, the activist organizations said in a statement. ...continue reading

Akita Woman Becomes 13th Bear Victim

Japan’s record-breaking bear crisis has entered a new and deadly phase, with authorities confirming that a 79-year-old woman missing in Akita Prefecture was found dead in the mountains, believed to be the 13th fatality from bear attacks this year.

Second Bird Flu Case of the Season, Massive Culling Underway

An outbreak of highly pathogenic avian influenza has been confirmed at a poultry farm in Eniwa City, Hokkaido, prompting authorities to begin culling operations on Sunday afternoon.

Japan Faces Legal Hurdles in Deploying Military for Bear Control

Japan’s worsening bear problem has prompted calls for national intervention, but legal and operational barriers have complicated the government’s response. In 2025, bear attacks have reached record levels, leaving 12 people dead—double the previous high of six fatalities in 2023.

Moths Threaten Kyoto’s Famous Bamboo Shoots

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.

Shibuya Crowds Subdued in Rain Soaked Halloween

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.

MEDIA CHANNELS

MORE Business NEWS

Tokyo Apartments Blow Past 100 Million Yen; What’s Driving the Spike

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.

Nikkei Closes at Record High, Surpassing 52,000 Yen for the First Time

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.

Chinese Paper Companies Surge in Osaka Ahead of Visa Tightening

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.

UK Buyers Captivated by Yame Tea

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.

Japan Mobility Show Opens, Toyota Unveils Century Coupe

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.

Nikkei Closes Above 50,000 for the First Time Ever

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 to End Paper Straws

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.

'50-Year' Home Loans Surge as Construction Costs Rise

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.

< 2 3 4 5 >