News On Japan

Can Japan prosper with only half the population?

TOKYO, Nov 08 (News On Japan) - "Japan 4.0." suggests that even if Japan's population drops to less than half, to 50 million, it is possible to double wealth.

Japan's GDP is forecasted to fall behind Germany's, moving Japan to 4th in world rankings, drawing attention to "Japan 4.0."

Last month, the IMF announced its forecast for Japan's 2023 GDP to be $4.23 trillion, a decrease of 0.2% compared to the previous year.

Germany's GDP is forecasted to be about $4.43 trillion, leading to predictions that Japan, which had been third in the world, will fall in ranking.

The emergence of "startups" is said to be the key to overcoming this period of stagnation.

The Japanese government has already started to support startups, striving to increase investment to the scale of 10 trillion yen over five years, TV Asahi reports.

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Three people who went missing after a landslide in Matsuyama, Ehime Prefecture, have been found, though their condition is yet to be confirmed.

To address the severe aviation fuel shortage in Japan, a new initiative has been launched as part of an emergency response formulated by the public and private sectors.

Dogo Onsen in Ehime has reopened after five and a half years of renovations. Some people waited as long as eight hours to be the first to take a bath.

A compliance training session for host clubs in Tokyo's Kabukicho district was conducted in response to a series of "urikake" problems, where malicious host clubs saddled customers with exorbitant debts.

A Japanese man detained in Myanmar over the sale price of rice has been charged and will face trial on Friday, July 12.

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The Japan Business Federation (Keidanren) announced the results of its survey on summer bonuses for major companies this year. According to the survey, the average bonus payment increased by 4.31% compared to the previous year, reaching 983,112 yen.

Film cameras are experiencing an unexpected resurgence in Japan, as young consumers explore their nostalgic charm.

Amazon has become the largest purchaser of renewable energy in Japan. On July 11, the American tech giant announced its investment in new renewable energy projects, including an onshore wind farm in Aomori Prefecture and a solar power plant in Yamaguchi Prefecture.

In Nagahama City, Shiga Prefecture, the traditional "ito-tori" process of spinning silk threads by hand from cocoons, used for koto and shamisen strings, is currently in full swing.

In response to the so-called '2024 problem,' where the logistics industry faces a severe labor shortage, a new facility has been established in Kansai to transfer truck cargo to rail freight.

Benzingaの日本版Benzinga Japanでは、日々変化の激しい世界経済、2024年30年ぶりに歴代最高価格を更新した株式市場、2024年4年に一度のビットコイン半減期を迎えた仮想通貨市場を中心に毎日のニュースを発信している。

Sumitomo Mitsui Banking Corporation (SMBC) will reduce transfer fees for individual customers starting in October. When using an ATM with a cash card to transfer funds to another SMBC account, the fee will be lowered from 110 yen to free.

Ten semiconductor-related companies from Japan and the United States are set to establish a development facility for next-generation semiconductors required for generative AI and autonomous driving in Silicon Valley, USA.