News On Japan

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

Apr 26, 2023 (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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Train stations, airports and expressways were crowded on August 16 as travelers returned from vacations and hometown visits on the final day of the Obon holiday.

The death toll from record-breaking torrential rain in Chiba Prefecture has risen to 10, with 29 people injured, more than 1,500 homes damaged and one person still missing three days after the disaster.

A 12-year-old British girl who disappeared while visiting Japan with her family was found safe in Yokohama on Saturday night, about 59 hours after leaving their private lodging in Tokyo, with police saying there was no indication that she had been involved in a crime.

More than 1,200 vehicles are believed to have been left stranded on roads across Chiba Prefecture after torrential rain caused widespread flooding, with authorities confirming eight deaths and investigating a drainage pump failure at an underpass where a man died.

Japan's weather agency raised the volcanic alert level for Mount Aso in Kumamoto Prefecture from Level 2 to Level 3 on August 14 after volcanic tremors strengthened and gas emissions increased sharply, warning people to stay away from areas within about 2 kilometers of the Nakadake No. 1 crater.

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BYD is making its most ambitious push yet into Japan with the Racco, a purpose-built electric kei car developed in roughly two years for a segment unique to the Japanese market, as the Chinese automaker seeks to turn three years of difficult sales growth into a durable presence in one of the world’s most demanding auto markets.

A new Japanese-made high-speed train developed for Taiwan arrived in the southern city of Kaohsiung on August 15, with commercial operations scheduled to begin in July 2027.

Commercial and industrial damage from the Kumamoto earthquake has already reached 117.6 billion yen, while continuing water outages are preventing many businesses from reopening.

An Okinawa dairy farming family is working to protect local milk production as soaring feed and utility costs, extreme summer heat and reduced demand during the school vacation place growing pressure on an industry that has seen the number of farms fall sharply over the past four decades.

Tokyo stocks rose on August 14, with the Nikkei 225 closing at 68,714, up 0.59%, as investors continued buying semiconductor, artificial intelligence and earnings-backed shares, while the broader TOPIX gained 0.51% to 4,197 and reached another record high.

Rakuten Securities held an event for parents and children at the Tokyo Stock Exchange on August 13 to teach families about building assets ahead of the launch of the new Junior NISA program in January 2027.

Google opened its first flagship store in Japan in Tokyo's Omotesando district at 2 p.m. on August 13, marking the company's first flagship retail location outside the United States.

Tokyo stocks rose on August 13, with the Nikkei 225 advancing to 68,601.21, up 1.6%, as semiconductor and artificial intelligence-related shares followed Wall Street higher, while the broader TOPIX climbed to a record high despite continued concern over wholesale inflation, the yen and Bank of Japan rate-hike expectations.