Japanese Yen Slides to 34-Year Low, Hits 158 Against the Dollar

TOKYO, Apr 27 (News On Japan) - In a significant movement in the foreign exchange markets, the Japanese yen has once again depreciated, crossing the 158 mark against the U.S. dollar. This level marks the weakest the yen has been in approximately 34 years, signaling ongoing economic pressures and potentially major shifts in Japan's financial landscape.

Despite Japan's central bank raising interest rates for the first time since 2007, the rates remain very low compared to other developed nations, particularly the U.S., where aggressive rate hikes have made the dollar more attractive to investors. Additionally, the low interest rates in Japan fail to stem the yen's fall, as higher U.S. rates offer better returns for investors

Source: TBS

Tourists Flock to Hokkaido for Lunar New Year

Hokkaido is taking steps to address overtourism issues as large numbers of foreign visitors arrive during the Lunar New Year holiday.

Mahoroba Hydrogen Fuel Cell Ship Debuts, Connecting Central Osaka and Expo Site in 60 Minutes

The hydrogen fuel cell ship "Mahoroba," designed to connect central Osaka with the Expo venue in Yumeshima in approximately 60 minutes, was unveiled to the media ahead of its commercial launch during the Expo period.

Two Sinkholes Merge Into One as Yashio Road Collapse Worsens

A road collapse in Yashio, Saitama Prefecture, has now entered its third day, approaching the 50-hour mark since the incident first occurred. A secondary collapse in the early hours has caused two separate holes to merge into one large sinkhole, complicating ongoing rescue efforts.

Japanese Clinics Gaining Popularity Among Travelers

From sudden severe pain during a gourmet-filled trip to chronic illness attacks that medication cannot treat, what kinds of symptoms bring foreign tourists to clinics?

Public Smoking Ban Across Osaka, Violators Fined 1,000 Yen

Starting January 27, Osaka City has implemented a citywide ban on smoking in public areas, including heated tobacco products, as part of preparations for the Osaka-Kansai Expo set to open in April.

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Fuji TV Crisis Deepens

Fuji TV held a press conference on January 27 at 4 p.m. to address allegations reported in the media that an employee was involved in a dispute between TV personality Nakai and a woman. Fuji TV explained that investigating Nakai at this stage might negatively impact the woman’s mental health and risk further harm if Nakai attempted to contact her.

Fuji TV executives resign amid scandal

Leaders of Fuji Television announced their resignations on Monday amid growing pressure on the Japanese broadcaster over a major scandal involving a TV personality. (NHK)

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Tesla, BYD to launch electric SUVs in Japan

The world's two largest electric vehicle makers want to make bigger inroads into Japan's struggling EV market. America's Tesla and China's BYD both have plans to roll out new SUVs in April. (NHK)

BOJ Raises Policy Rate to 0.5%

The Bank of Japan (BOJ) has decided to raise its policy interest rate from an annualized 0.25 percent to 0.5 percent. This marks the first rate hike in six months and appears aimed at correcting the historically weak yen.

Farmers Voice Concerns Over New Agricultural Law

Japan is facing significant challenges in its food supply chain as new laws and rising prices create widespread concern among farmers and consumers. The recently introduced Food Supply Crisis Management Law, set to take effect on April 1, will prohibit farmers from leasing unused farmland, with severe penalties for violations.

Severe Rice Shortage Looms in Japan

Japan is facing an unprecedented rice shortage, with recent data highlighting alarming supply-demand imbalances in the domestic market. The Agricultural Newspaper reported on January 10 that the DI (Demand-Supply Index), a measure of rice market balance, reached a record high of 80. This figure indicates a critical shortfall in rice availability, surpassing even last year's levels when supermarket shelves were emptied.

Japan's First Electric Aircraft Cargo Test

A partnership agreement was signed on January 20th to promote cargo transportation using electric aircraft based at Kitakyushu Airport. A test flight to Miyazaki Airport is planned for this summer.

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