Yamato Announces Price Increases on Parcel Deliveries

Jan 13, 2024 | News On Japan

TOKYO - Yamato Transport, one of Japan's largest door-to-door delivery companies, has announced it will raise parcel delivery fees by an average of 2% starting this April.

Fees for services such as "Takkyubin," "Cool Takkyubin," and "Golf Takkyubin" will be increased by an average of about 2%, following an average increase of 10% in parcel delivery fees in April last year, marking the second consecutive year of price hikes.

The company aims to address the rise in fuel costs and improve the conditions of employees and drivers.

To counter the "2024 problem," expected to hit the logistics industry this year, Japan Post raised its "Yu-Pack" fees by an average of about 10% last October. Additionally, Sagawa Express will also raise its prices by an average of about 7% starting this April.

Source: TBS

Volcanic Alert Raised Ahead of Hokkaido Hiking Sesson

The eruption alert level for Mount Tokachidake in Hokkaido was raised to Level 2 on June 18 for the first time in 12 years, prompting authorities to restrict entry within 1.5 kilometers of the crater and close parts of hiking trails just days before the mountain’s official opening for the summer climbing season.

Bears Growing More Aggressive in June and July

Bear attacks and sightings are increasing across Japan, with multiple people injured on June 17 and experts warning that bears are becoming more accustomed to human environments, potentially leading to more dangerous and unpredictable encounters in the years ahead.

Supreme Class Debuts on Tokaido-Sanyo Shinkansen

JR Central and JR West on June 17 announced pricing and service details for the new private-room seating that will be introduced on the Tokaido and Sanyo Shinkansen from October, creating a new top-tier class above the existing Green Car service.

All of Prime Minister Takaichi's Proposals Included in G7 Statement

A draft of the joint statement from the G7 summit in France has revealed that all proposals put forward by Prime Minister Takaichi on energy security and critical minerals have been incorporated into the agreement.

Japanese Man Arrested as Mastermind of Cambodia-Based Scam Network

A Japanese man suspected of serving as a key coordinator for a Cambodia-based fraud syndicate that allegedly caused losses totaling billions of yen was arrested by Japanese authorities after being deported from Thailand on June 16.

MEDIA CHANNELS

MORE Business NEWS

Nikkei Average Hits Record High For Fourth Straight Day As Yen Weakens

The Nikkei Stock Average surged past 71000 on Thursday, closing at a record high for the fourth straight session, as easing tensions in the Middle East lifted investor sentiment while the yen weakened to a nearly two-year low against the dollar.

Nissan Launches New Kicks SUV With Improved E-Power System

Nissan Motor announced that it will launch the fully redesigned Kicks compact SUV on June 18, marking the model's first full overhaul in six years as the automaker seeks to strengthen its position in Japan's highly competitive small SUV market.

50-Year Home Loans Gain Traction

Japan's return to a world of higher interest rates is reshaping household finances, with a growing number of young homebuyers turning to 40- and 50-year mortgages to afford rapidly rising apartment prices, according to a discussion aired on BS-TBS's Report 1930 on June 17.

Six Ice Cream Makers Investigated Over Price-Fixing

Japan's Fair Trade Commission has conducted on-site inspections of six major food manufacturers over suspicions they formed a cartel to coordinate ice cream prices, with authorities investigating whether the companies exchanged information and unfairly adjusted planned retail price increases in response to rising costs.

Nikkei Average Stock Price Reaches 70,000 Level for First Time

The Nikkei Stock Average briefly topped the 70,000 mark for the first time on June 16, rising as much as 700 points to an intraday high of 70,020 after the Bank of Japan's decision to raise interest rates matched market expectations, before retreating as investors locked in profits, though the benchmark still ended the day at a record high.

BOJ Raises Policy Rate to 1% for First Time in 31 Years

The Bank of Japan decided at its monetary policy meeting on June 16th to raise its policy interest rate for the first time in four meetings, lifting the benchmark rate from around 0.75% to around 1.0%, the highest level in 31 years.

Okinawa Coca-Cola Launches Large-Scale Solar Powered Factory

Okinawa Coca-Cola Bottling has begun operating a large-scale solar power generation system at its Urasoe plant, aiming to reduce carbon dioxide emissions by 330 tons annually while expanding the use of renewable energy in the prefecture.

Nikkei Surges Above 69,000 for First Time as U.S.-Iran Deal Sparks Broad Market Rally

Tokyo stocks posted one of the strongest gains in the history of Japan's equity market on June 15, with the Nikkei Stock Average closing above 69,000 for the first time after a U.S.-Iran agreement aimed at ending hostilities eased concerns over energy prices and global economic risks.

< 2 3 4 5 >