Tokyo Tightens Restrictions on Outside Advertising Vehicles

Land prices, a benchmark for property valuation used in inheritance tax declarations, have seen significant changes this year. Shibuya, currently undergoing extensive redevelopment, has ranked second nationally for the first time.

In the world of Japanese sake, luxury brands with prices ranging from tens of thousands to hundreds of thousands of yen are gaining prominence. The driving force behind this trend is startups led by individuals with experience in IT. These outsiders are challenging the high-end sake market using a fabless manufacturing approach, where they don't own the production facilities.

A dispute has arisen between a maid cafe and a curry shop in Akihabara, Tokyo, a globally recognized hub of subculture.

On the 28th, the yen temporarily fell to the 161-yen level against the dollar, marking the weakest level in approximately 37 and a half years. Market concerns are growing over potential currency intervention by the government and the Bank of Japan (BOJ).

Starting June 30, Tokyo will enhance its regulations on advertising vehicles operating in busy city areas, extending the rules to cover vehicles with non-Tokyo license plates.

The Cambodian railway company Royal Railway has purchased retired express train cars from JR Hokkaido and is currently refurbishing and conducting trial runs in preparation for operation.

The yen, symbolized as ¥ and designated by the currency code JPY, stands as one of the most significant and widely traded currencies in the global market.

The proposal to sell shares of Oriental Land was rejected at Keisei Electric Railway's shareholders meeting, despite being pushed by a UK investment fund.