World's Largest Gold Nugget Now Worth Billions

SHIZOUKA, Feb 28 (News On Japan) - The world's largest gold nugget, certified by Guinness World Records, is currently on display in Izu, weighing in at 250 kilograms.

The giant nugget was successfully cast by Mitsubishi Materials in June 2005, when the gold market price was 1,600 yen per gram, giving it an approximately value of 400 million yen at the time.

The gold market price has since exceeded 10,000 yen per gram, bringing the market value of the nugget to 2,715,250,000 yen as of February 26.

The nugget is currently on display at the Toi Gold Mine tourist facility in Izu City, Shizuoka Prefecture, where visitors can actually touch the precious metal.

Kokubun Ayumu, Section Chief at Toi Gold Mine, expressed his astonishment, "I am simply amazed at the 2.7 billion yen value. If this trend continues, it might reach 3 billion yen by summer. However, the rise in gold prices is partly due to global uncertainties, so it's a mixed feeling of joy."

by Brian Dentry

JAL Cabin Crew Get OK to Wear Sneakers

Japan Airlines (JAL) has introduced a new policy starting November 13th allowing its cabin crew and ground staff who serve customers at airports to wear sneakers during work hours.

Ski Season Opens in Western Japan

The ski season has officially begun in western Japan, with Grand Snow Okuibuki in Maibara City, Shiga Prefecture, becoming the first resort in the region to open on November 14th.

China Advises Against Travel to Japan

China’s Ministry of Foreign Affairs issued a travel advisory on November 14th, urging Chinese citizens to avoid visiting Japan for the time being, citing “serious safety risks” to Chinese nationals following Prime Minister Takaichi’s remarks on a potential Taiwan contingency.

Fujii Becomes Youngest Lifetime Triple Crown Holder in Shogi History

Shogi champion Sota Fujii, who defended his title in the prestigious Ryuo Tournament, expressed his joy on November 11th after becoming the youngest player in history to qualify for the lifetime title of "Eisei Ryuo" (Lifetime Ryuo).

Japan Plans to Triple Departure Tax to 3,000 Yen

Japan’s ruling Liberal Democratic Party (LDP) policy committee has drafted a resolution calling on the government to raise the “departure tax” to secure funds for overtourism countermeasures. The proposal seeks to increase the current 1,000 yen per-person levy to 3,000 yen, and to set the rate at 5,000 yen for travelers using business class or higher.

MEDIA CHANNELS

MORE Business NEWS

Nissan to Double Number of Mall Showrooms by 2027

Nissan Motor announced on November 14th that it plans to double the number of its showrooms inside shopping malls to more than 30 locations from fiscal 2027 onward. The move will expand its presence in the growing category of “experience-based stores,” a format increasingly adopted in the apparel industry and other sectors.

Japanese Automakers Search for Winning Strategy

Japanese automakers are under increasing pressure as China’s aggressive push in electric vehicles continues and the impact of U.S. tariffs under former President Donald Trump looms large. With total tariff-related losses for seven major manufacturers projected to reach 1.5 trillion yen, analysts are examining how Japanese companies plan to stay competitive.

SoftBank Posts Record 2.9 Trillion Yen Profit

SoftBank Group has reported a record-breaking net profit for the April–September period, marking the highest half-year earnings ever achieved by a Japanese company.

Osaka Metro Posts Record Interim Profit on Expo Boom

Osaka Metro announced that its interim financial results reached a record high, driven by an increase in ridership linked to the Osaka-Kansai Expo.

Suica Penguin to Retire in 2026

JR East announced on November 11th that it will retire the beloved Suica penguin mascot at the end of fiscal 2026, marking the 25th anniversary of the Suica transportation IC card service, and will introduce a new character from fiscal 2027.

Shrine Survives With Sea Burial Services

The Mekari Shrine near the Kanmon Strait, connecting Honshu and Kyushu, has overcome a financial crisis through an unconventional initiative: a marine ash scattering business. Drawing on local customs, the shrine began offering plans starting from 70,000 yen, allowing families to have ashes scattered at sea in a ceremony managed by the shrine itself.

What's Next for Japan Stocls After AI High

The Nikkei Average has surged past 50,000, yet many individual investors say their portfolios have barely moved, underscoring how narrowly led the rally has become as the NT ratio—Nikkei divided by TOPIX—climbs to a record, reflecting outsized strength in a handful of high-priced technology names while a broad swath of stocks lags behind, and even within the Nikkei 225 the gap between the strongest and weakest deciles over the past six months has widened to extreme levels, pushing the headline index higher while leaving many constituents flat.

Rice Prices Expected to Fall Over Next Three Months

The outlook for rice prices over the next three months has declined sharply amid expectations that an increase in new rice harvests will ease supply and demand pressures.

< 2 3 4 5 >