News On Japan

SoftBank Group narrows Q1 loss as Vision Fund rebounds

Aug 08 (Nikkei) - SoftBank Group on Tuesday announced a net loss of 477 billion yen ($3.3 billion), in the three months ending June, slicing its loss by 85%, year-on-year, thanks to an improving valuation for its flagship Vision Fund, as technology stocks rebound.

According to the company's financial statement, pretax profit from the Vision Fund, which includes the Latin America Fund, was 61 billion yen for the quarter, partially reversing a loss of 2.33 trillion yen, last year. However the Japanese investment giant suffered from foreign exchange losses, with the weak yen inflating the value of its dollar-denominated debt. ...continue reading

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Hokkaido is taking steps to address overtourism issues as large numbers of foreign visitors arrive during the Lunar New Year holiday.

The hydrogen fuel cell ship "Mahoroba," designed to connect central Osaka with the Expo venue in Yumeshima in approximately 60 minutes, was unveiled to the media ahead of its commercial launch during the Expo period.

A road collapse in Yashio, Saitama Prefecture, has now entered its third day, approaching the 50-hour mark since the incident first occurred. A secondary collapse in the early hours has caused two separate holes to merge into one large sinkhole, complicating ongoing rescue efforts.

From sudden severe pain during a gourmet-filled trip to chronic illness attacks that medication cannot treat, what kinds of symptoms bring foreign tourists to clinics?

Starting January 27, Osaka City has implemented a citywide ban on smoking in public areas, including heated tobacco products, as part of preparations for the Osaka-Kansai Expo set to open in April.

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Manga-based movies were big hits in Japan last year. They took the top three spots, helping Japanese films see record box-office proceeds. (NHK)

Banks are engaged in an intense battle to attract deposits, pushing interest rates higher. While savings account holders may benefit from increased interest earnings, rising rates also mean heavier mortgage burdens and potential rent hikes.

Fuji TV held a press conference on January 27 at 4 p.m. to address allegations reported in the media that an employee was involved in a dispute between TV personality Nakai and a woman. Fuji TV explained that investigating Nakai at this stage might negatively impact the woman’s mental health and risk further harm if Nakai attempted to contact her.

Leaders of Fuji Television announced their resignations on Monday amid growing pressure on the Japanese broadcaster over a major scandal involving a TV personality. (NHK)

金融市場の世界では、取引の人気が高まっており、取引へのアクセスを提供するプラットフォームはトレーダーの成功に重要な役割を果たしている。

The world's two largest electric vehicle makers want to make bigger inroads into Japan's struggling EV market. America's Tesla and China's BYD both have plans to roll out new SUVs in April. (NHK)

The Bank of Japan (BOJ) has decided to raise its policy interest rate from an annualized 0.25 percent to 0.5 percent. This marks the first rate hike in six months and appears aimed at correcting the historically weak yen.

Japan is facing significant challenges in its food supply chain as new laws and rising prices create widespread concern among farmers and consumers. The recently introduced Food Supply Crisis Management Law, set to take effect on April 1, will prohibit farmers from leasing unused farmland, with severe penalties for violations.