News On Japan

Japan law will require Apple to allow alternate iPhone app stores

TOKYO - The Japanese government is introducing laws that will require Apple to allow users nationwide to download apps outside their official app stores.

The two tech giants face regulations from various countries to open their platforms and let users install apps from third-party sources. For example, Europe's Digital Markets Act will compel companies like Apple to provide options that allow third-party app stores on their platforms and alternative payment systems.

Japan is the next country to impose regulations on these companies, according to The Japan Times. It will require Apple and Google to let users download apps through services other than their app stores. The government aims to stimulate competition and believes it could reduce app prices.

Japan is also concerned that Apple and Google apps come pre-installed on iPhones and Android smartphones by default. As a result, the two companies will be required to make it easy for users to remove these apps and can't give preferential treatment to their services within their search engines. ...continue reading

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Typhoon No. 7 continues to disrupt travel across Japan on June 27, with Japan Airlines warning that flights to and from Haneda, Narita and Nanki-Shirahama could be delayed or canceled, ANA canceling all flights to and from Hachijojima Airport, and JR East saying some Narita Line trains between Chiba and Narita Airport Terminal 1 were out of service because of the storm.

According to updates on the morning of June 27, two typhoons moving along Japan’s Pacific side are bringing a rare double threat to eastern Japan, with Typhoon No. 8 having passed close to Kanto during the morning and Typhoon No. 7 expected to follow later in the day, raising the risk of repeated heavy rain, landslides, flooding and river overflows from Tokai to the Tokyo region.

Japan advanced to the knockout stage of the World Cup after a 1-1 draw with Sweden on June 25, finishing second in Group F and setting up a Round of 32 clash with Brazil in Houston.

A powerful earthquake with a maximum seismic intensity of upper 6 struck off Iwate Prefecture at around 7:30 a.m. on June 25, shaking parts of Aomori Prefecture and leaving Hachinohe, which was hit by a similarly strong quake last December, facing fresh damage.

A powerful earthquake registering a maximum intensity of 6 upper on Japan’s seismic scale struck Aomori Prefecture at around 7:30 a.m. today. According to the Japan Meteorological Agency, the epicenter was off the coast of Iwate Prefecture, with a depth of about 50 kilometers. The earthquake’s magnitude was estimated at 6.9.

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Tokyo stocks fell sharply on June 26 as investors locked in profits from Japan’s record-setting AI-driven rally, with SoftBank Group and chip-related shares leading a broad retreat after reports that OpenAI may delay its initial public offering.

Japanese households held 2,386 trillion yen in financial assets at the end of March, up 7.1% from a year earlier, as rising share prices, wider use of the new NISA investment program and the weaker yen lifted the value of assets held by individuals.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

The Nikkei Stock Average fell for a second straight session in Tokyo as investors locked in profits from a rapid rally in artificial intelligence and semiconductor-related shares, briefly sending the benchmark down more than 1,300 yen before bargain hunting helped it recover part of the loss.

Imabari Shipbuilding, Kawasaki Heavy Industries, and Namura Shipbuilding are aiming to resume construction of liquefied natural gas carriers around 2035, as Japan’s shipbuilding industry looks for a path to recovery after losing much of the global market to lower-cost rivals in South Korea and China.

Finance Minister Katayama held online talks with U.S. Treasury Secretary Scott Bessent as the yen approached its weakest level in about 39 years, with the two sides believed to have discussed possible responses, including foreign exchange intervention.

Every year, thousands of people save money by buying through the Japanese auction process. But many do not realize they've paid too much until the vehicle arrives.

Tokyo stocks surged at the start of the week, with the Nikkei Stock Average closing above 72,000 for the first time and extending its record-setting streak to a sixth consecutive trading day.