News On Japan

Harris opposes sale of U.S. Steel to Japan's Nippon Steel

Sep 03 (Kyodo) - U.S. Vice President Kamala Harris said Monday she is against the planned acquisition of United States Steel Corp. by Japan's largest steelmaker, promising to build an economy that is good for working-class people, as her race for the White House against Donald Trump heads into the final stretch.

Regarding Nippon Steel Corp.'s plan, Harris, the Democratic Party's presidential nominee, said at a Labor Day campaign rally in Pittsburgh that the U.S. producer should remain domestically owned and operated.

Harris, hoping to shore up support from blue-collar workers, attended the event with President Joe Biden, who abandoned his bid for a second term in July. While vowing to further strengthen the country's manufacturing sector, she called U.S. Steel a "historic company." ...continue reading

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Shimadzu Corporation has launched the world's first optical lattice clock, which measures time using the oscillation frequency of atoms trapped by lasers. The clock boasts an unparalleled accuracy, with an error of just one second over 10 billion years.

A Tohoku Shinkansen train came to an unexpected stop between Ueno and Omiya on March 6th after its coupled cars separated. The incident occurred around 11:30 a.m. on the Hayabusa-Komachi No. 21 train.

Japan’s rice prices have been steadily climbing, with the cost of a 5-kilogram bag rising from 2,430 to 3,297 yen last year and further increasing to 3,949 yen this year, putting pressure on household budgets. To curb these rising prices, the government has decided to release its rice reserves.

The historic buildings of Hashima Island, commonly known as Gunkanjima, are facing a risk of collapse due to ongoing deterioration, it was revealed on March 3rd. The island, part of the "Sites of Japan's Meiji Industrial Revolution," a UNESCO World Heritage site that marks its 10th anniversary this summer, has seen its structures degrade significantly over time.

The annual Shunie ceremony, commonly known as Omizutori, has begun at Todai-ji Temple in Nara. Carrying large torches, attendants lit the way as monks, known as the Rengyoshu, slowly ascended the steps of Nigatsudo Hall.

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The number of cases involving fraudulent home inspection scams by unscrupulous renovation companies reached a record high in 2024, according to a report by the National Police Agency.

Sekisui House, a major homebuilder headquartered in Osaka, has been found to have underreported its tax obligations related to consumption tax deductions on payments to subcontractors.

Japan's Sumitomo Mitsui Financial Group says it will leave an international group that fights climate change. It is the first Japanese company to do so. (NHK)

The Japan Financial Services Agency (FSA) and PDT Partners have officially signed an agreement, with Masaki Suzuki and an FSA representative jointly signing the deal. The partnership will focus on financial regulation, capital operations, technological innovation, and corporate social responsibility, aiming to enhance market transparency and drive internationalization.

Japan has agreed to invest up to 20 billion dollars in low-carbon energy projects in Vietnam. This comes amid a regional push to reach carbon neutrality in the coming decades.

U.S. President Donald Trump on March 3rd voiced concern over the depreciation of the yen, stating that the weakening yen and strengthening dollar had gone too far.

Honda and Nissan had been in discussions about a potential management integration, aiming to form a joint holding company that would oversee both automakers. However, the talks have collapsed, leaving many questioning what went wrong.

A new series of homes designed with families in mind is now available, featuring expansive storage spaces to accommodate modern lifestyles.