News On Japan

Nissan to expand investment in Brazil to over $570 million

Nov 08 (NHK) - Japanese automaker Nissan Motor is moving to grow its presence in South America by expanding in Brazil.

The firm says it will increase its investment in the country up to over 570 million dollars through 2025, which would be more than double the amount announced in April last year.

Nissan President and CEO Uchida Makoto made the announcement on Tuesday during a visit to the company's factory in the state of Rio de Janeiro.

Uchida said the firm is boosting investment in the country to build new cars for the region. Nissan will produce two new sports utility vehicles at its Brazil factory.

It also plans to export them to more than 20 countries in South and Central America.

Japan's Toyota Motor and Chinese electric-vehicle maker BYD have also announced plans for new investment in Brazil.

News On Japan
POPULAR NEWS

A heavy rain emergency warning is in place for the cities of Wajima, Suzu and the town of Noto in Ishikawa Prefecture, central Japan. This is the highest alert level on the agency's scale of one to five. The area was severely hit by an earthquake on New Year's Day. (NHK)

Shohei Ohtani returned to Dodger Stadium in spectacular fashion, hitting a home run and stealing a base in his first game back, raising his season total to 52 home runs and 52 stolen bases.

Japanese Prime Minister Kishida Fumio says Japan and China have reached an agreement that will lead to the resumption of China's imports of Japanese seafood. (NHK)

The Tohoku Shinkansen came to a halt for five hours on Thursday due to an unexpected mid-journey separation of the linked Hayabusa and Komachi trains, 30 minutes after passing Furukawa Station with a total of 320 passengers on board.

The Japan Meteorological Agency has issued an eruption alert for Sumisu Island in the Izu Islands, following the detection of discolored water in July.

MEDIA CHANNELS
         

MORE Business NEWS

Daihatsu Motor announced on Friday that it has filed a recall with the Ministry of Land, Infrastructure, Transport, and Tourism for 1.71 million vehicles, including 15 models such as the Tanto, due to improper tightening of seat bolts.

The average price of a newly built condominium in Tokyo’s 23 wards has exceeded 100 million yen for the fourth consecutive month.

The village of Onna in Okinawa has recorded the highest land price increase in Japan, with prices for some areas rising by 29%. The average nationwide land price has increased by 1.4% for the third consecutive year, but the sharpest growth is seen in residential areas like Onna Village.

Land prices across Japan have been rising for four consecutive years, with North Kanto emerging as a key area of interest due to its favorable living conditions.

Sharp, a major home appliance manufacturer, has unveiled its first electric vehicle (EV) as part of its move into the electric vehicle market, with a five-seater 'extended livingroom' EV Sharp van.

Gold is gaining increasing attention as a stable asset. Among the most eye-catching items at a gold exhibition held in a Sapporo department store are statues of the genius surgeon Black Jack and his assistant Pinoko, both made of gold.

There are approximately 2 million visually impaired individuals in Japan and 300 million worldwide. Due to their impaired vision, going out often comes with the risk of accidents. In response to this issue, Honda's first startup Asirase, led by CEO Chino, developed a navigation device called 'Ashirase' to assist visually impaired individuals in walking safely.

Japanese food businesses are intensifying their expansion efforts in China, where consumption has stagnated due to rising food prices. We investigate the factors driving these Japanese companies to accelerate their operations in the Chinese market.