News On Japan

Japan aims to draw 100 tril. yen foreign investment, digital nomads

Apr 26 (Kyodo) - Japan will aim to attract 100 trillion yen ($750 billion) worth of foreign direct investment by 2030, and more foreign talent and remote workers known as "digital nomads," as part of its drive to boost economic growth and global competitiveness, the government said Wednesday.

Under the plan, Japan will use funds and other resources to attract investment in strategic areas such as semiconductors, digitalization, green technology and health care. It will seek to develop necessary human resources via tripartite cooperation among the government, firms and academia.

As the COVID-19 pandemic has prompted a fresh look at work styles, the government will consider ways to enlist digital nomads who travel while working remotely for companies, including those located overseas. ...continue reading

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As Japan enjoys the economic boost from a surge in foreign tourists, the hot spring town of Atami has introduced a lodging tax in April to tackle overtourism—prompting backlash from Japanese travelers who question why they, too, must pay a fee meant for inbound tourism.

A Japanese emergency relief team dispatched by the government has begun operations in Mandalay, a region heavily affected by the recent earthquake in central Myanmar that has claimed more than 3,000 lives.

Shuri Castle, a symbol of Okinawa's Ryukyu heritage, suffered extensive damage in a devastating fire in October 2019 that destroyed the main hall and many other structures. The cause of the blaze remains unknown.

A deepening labor shortage in Japan’s construction industry is beginning to impact homebuyers, with some experiencing delays of more than six months before construction can even begin due to a lack of available carpenters.

The Imperial Household Agency launched an official YouTube channel on April 1st to introduce the activities of Emperor Naruhito and Empress Masako.

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Over 20,000 people attended the Camping Car Show held last month in Osaka over two days, reflecting a growing interest in campers across Japan. What is driving this renewed popularity?

A deepening labor shortage in Japan’s construction industry is beginning to impact homebuyers, with some experiencing delays of more than six months before construction can even begin due to a lack of available carpenters.

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The Japanese government approved a cabinet ordinance on April 1st to introduce a new pre-screening system for foreign companies investing in Japan. The revised regulation will take effect on May 19th.

The Bank of Japan's March Tankan survey, a key quarterly economic report, showed that business sentiment among large manufacturers has deteriorated for the first time in four quarters.

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The new fiscal year began on April 1st, with companies across the Kansai region holding entrance ceremonies to welcome new employees.

Japan's new fiscal year began on April 1st, with companies across the country holding entrance ceremonies to welcome new employees.