News On Japan

Sales of Japanese carmakers Toyota, Nissan and Honda sink in China as they fall behind in EV race

Jul 19 (South China Morning Post) - Japan’s top carmakers suffered a huge setback in China in the first half, with sales plunging nearly 20 per cent, their biggest drop in the world’s largest car market since 2012, where the shift to electric vehicles (EVs) is accelerating.

The top six – Toyota, Nissan, Honda, Mazda, Mitsubishi and Subaru – all of which assemble and sell cars through their joint ventures with Chinese partners, sold 1.71 million conventional vehicles between January and June, a 19.9 per cent decline year on year, according to industry data provider MarkLines.

“The dynamic Chinese car market requires all players to react quickly to customers’ changing tastes,” said Eric Han, a senior ­manager at Suolei, an advisory firm in Shanghai. “Japanese carmakers are lagging behind their Chinese rivals in developing electric cars which are now in high demand here.” ...continue reading

News On Japan
POPULAR NEWS

A two-story wooden house collapsed in Tokyo’s Suginami Ward on the night of September 30th, with experts suggesting that the ground beneath the property, rather than the building itself, gave way, likely due to a cracked retaining wall.

Heavy rainfall battered parts of Hokkaido, with some areas receiving more than a month’s worth of precipitation in only six hours, prompting flood warnings and evacuation advisories. Meteorologists are saying the downpour was the result of a combination of unstable atmospheric conditions and moist air flowing in from the sea.

Kamakura City in Kanagawa Prefecture has approved the introduction of a bathing tax, but the measure is drawing strong criticism from local hot spring operators since only two facilities fall under the new levy.

Osaka Prefecture has revised its ordinance to set a cap of 100,000 yen per day on ATM transfers made with cash cards by certain elderly account holders, marking the first such restriction in Japan.

A bombshell report has surfaced in Kanagawa Prefecture, the political base of Shinjiro Koizumi, where as many as 826 members of the Liberal Democratic Party aligned with the Takaichi faction were treated as having resigned from the party without their consent, according to an investigation by the weekly magazine Bunshun.

MEDIA CHANNELS
         

MORE Business NEWS

Forever 21, the American fast fashion brand that once led a global boom in affordable clothing, has decided to withdraw from Japan for the third time after its US parent company filed for bankruptcy and supply from the United States came to a halt.

The wave of price increases continued into October, with more than 3,000 items, including beverages and food, set to rise in price, leaving supermarkets and retailers grappling with how to respond.

From October, Japan’s minimum wage will rise across the country to exceed 1,000 yen for the first time, a development welcomed by workers but one that is expected to squeeze retailers such as discount supermarkets where higher personnel costs could lead to losses.

NTT, which had previously announced plans to gradually phase out fixed-line metal cables over the next decade, said at a briefing on September 30th that it will raise basic charges from next fiscal year to temporarily maintain the service.

Office rents in Osaka are rising at the fastest pace in the world, driven by a wave of new developments in Umeda such as the recently opened Grand Green Osaka, which has brought fresh momentum to the city’s commercial real estate market.

Asahi Group Holdings said on September 29th that a cyberattack had caused a major system failure which has yet to be restored and shows no signs of resolution, with the impact now spreading across its operations even as the company stressed that no leaks of personal information or customer data have been confirmed.

FamilyMart has put Shohei Ohtani at the center of its latest push, casting the global baseball star in a nationwide TV campaign tied to a revamped onigiri line. During a two-hour shoot in Los Angeles in December, Ohtani—whom President Kensuke Hosomi describes as soft-spoken and “sun-bright”—sampled 19 rice balls and even asked to take the leftovers home.

A toy trade fair was held in Osaka ahead of the year-end shopping season, bringing together 84 manufacturers from Japan and abroad who showcased products ranging from educational toys to collectibles.