TOKYO, Nov 02 (News On Japan) - Mitsubishi UFJ Bank has announced that it will increase the interest rate for its 10-year fixed-term deposit, currently at 0.002%, by 100 times to 0.2%.
This is the highest level in 11 years reflecting the recent rise in long-term interest rates.
The new rate will be applied to deposits made from Nov 6.
A new facility for the research and production of induced pluripotent stem (iPS) cells has been completed in Osaka's Nakanoshima district and was unveiled to the press on March 19th.
JR Tokai plans to introduce a new high-end seating class on the Tokaido Shinkansen, offering semi-private compartments that surpass the comfort of Green Car seats.
Chubu Electric Power has begun dismantling the reactor at Unit 2 of the Hamaoka Nuclear Power Plant in Omaezaki, Shizuoka Prefecture, on Monday. This marks the first time a commercial nuclear reactor is being dismantled in Japan.
The controversy surrounding Prime Minister Ishiba’s 100,000-yen voucher program continued to face scrutiny in the Diet on Monday, with opposition parties intensifying their criticism. Within the ruling party, concerns are mounting that Ishiba may be an electoral liability.
Mount Fuji will officially become a paid climb, as the Shizuoka Prefectural Assembly approved an ordinance on March 17th requiring hikers to pay a 4,000 yen entry fee. Following Yamanashi’s lead, Shizuoka will implement the fee starting in the summer of 2025.
JR Hokkaido announced on March 19th that the JR Sapporo Station redevelopment, linked to the Hokkaido Shinkansen extension, will be delayed by six years, with full operations now set for fiscal 2034.
Japan's Ministry of Land, Infrastructure, Transport and Tourism announced that as of January 1st, official land prices—a key real estate benchmark—rose 2.7% year-on-year, marking the fourth consecutive annual increase.
The gender pay gap in Japan has reached its smallest level on record, as the average monthly salary for full-time workers posted its highest growth in 33 years, according to a survey by the Ministry of Health, Labour and Welfare.
A single-family home in Yokohama for 3.8 million yen? A two-story 3LDK in Narashino, Chiba, for 9.8 million yen? What makes these properties so cheap? We investigated the reasons behind these bargain-priced homes.
Watermelon farmers have expressed concerns over the potential impact of emergency pest control measures aimed at preventing the spread of the Segroulimibae fruit fly.
The men's beauty market is expanding, with a growing number of middle-aged men investing in personal grooming. Over the past five years, the price of men's facial lotion has surged by 40%, reflecting the increasing demand.
Drones may offer a solution to pressing social issues. A newly developed logistics drone, measuring three meters in length, is capable of transporting up to 40 kilograms of cargo and comes with a price tag of around 5 million yen.
Dubai is the city to which luxury graduated from just being a style of life and became the standard.
