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Rice Index Futures Begin Trading at Dojima Exchange

OSAKA - Dojima Commodity Exchange officially launched the trading of the "Dojima Rice Average" index futures, which track the price movements of rice, starting on the 20th. A listing ceremony was held in Osaka to mark the occasion.

President Ariga of the Dojima Exchange expressed confidence in the product, stating, "The product is designed to prevent the adverse effects of sharp price increases and decreases. We aim to grow this product significantly and position it on the global stage."

Source: テレ東BIZ

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Airlines canceled a series of flights on June 25 as Typhoon No. 7 disrupted services mainly to and from Naha Airport and Miyako Airport, with further cancellations and transport warnings spreading to air, rail and expressway operators ahead of the storm’s expected approach to western and central Japan. ANA has decided to cancel 22 flights, while JAL has canceled 11. Two JAL Group carriers that mainly operate routes linking Okinawa’s main island with outlying islands have also decided to cancel a combined 43 flights.

As of 6 p.m. on June 25, Typhoon No. 7 (Mekkhala) was moving north toward Japan and could make landfall on Honshu over the weekend, with the Japan Meteorological Agency and the transport ministry warning that rain from the seasonal front and the approaching storm may combine to produce a prolonged period of dangerous downpours.

A powerful earthquake with a maximum seismic intensity of upper 6 struck off Iwate Prefecture at around 7:30 a.m. on June 25, shaking parts of Aomori Prefecture and leaving Hachinohe, which was hit by a similarly strong quake last December, facing fresh damage.

A powerful earthquake registering a maximum intensity of 6 upper on Japan’s seismic scale struck Aomori Prefecture at around 7:30 a.m. today. According to the Japan Meteorological Agency, the epicenter was off the coast of Iwate Prefecture, with a depth of about 50 kilometers. The earthquake’s magnitude was estimated at 6.9.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

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The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

The Nikkei Stock Average fell for a second straight session in Tokyo as investors locked in profits from a rapid rally in artificial intelligence and semiconductor-related shares, briefly sending the benchmark down more than 1,300 yen before bargain hunting helped it recover part of the loss.

Imabari Shipbuilding, Kawasaki Heavy Industries, and Namura Shipbuilding are aiming to resume construction of liquefied natural gas carriers around 2035, as Japan’s shipbuilding industry looks for a path to recovery after losing much of the global market to lower-cost rivals in South Korea and China.

Finance Minister Katayama held online talks with U.S. Treasury Secretary Scott Bessent as the yen approached its weakest level in about 39 years, with the two sides believed to have discussed possible responses, including foreign exchange intervention.

Every year, thousands of people save money by buying through the Japanese auction process. But many do not realize they've paid too much until the vehicle arrives.

Tokyo stocks surged at the start of the week, with the Nikkei Stock Average closing above 72,000 for the first time and extending its record-setting streak to a sixth consecutive trading day.

Sugar prices are on a firmer upward trend as concerns grow over the impact of Middle East tensions and the weaker yen, raising the prospect of further cost pressure on confectionery and other food products.

The Bank of Japan's decision on June 16 to raise its policy interest rate to 1%, the highest level in roughly 30 years, is expected to increase annual net burdens by more than 20,000 yen for households in their 30s with two or more members once higher interest income on deposits and increased mortgage repayment costs are both taken into account, according to estimates by an economist.