Japan’s Land Prices Surge Again as Resort Areas Soar

Toyota Motor Corporation announced on April 24th that its global sales for fiscal 2024 totaled 10,273,719 vehicles, a 0.3% decrease from the previous year, marking the first year-on-year decline in four years.

Rice prices in Japan continue to soar, more than doubling from the same period last year, with no clear signs of easing despite the government’s decision to release stockpiled rice. The current situation—dubbed the “Reiwa Rice Crisis”—has drawn comparisons to past supply shocks, prompting public concern and debate over whether government intervention has come too late.

At the Shanghai Motor Show, which opened to the press on April 23rd ahead of its public run from April 27th to May 2nd, Toyota Motor Corporation revealed a series of new models, including a new electric vehicle, as it works to regain ground in the increasingly competitive Chinese market.

The average weekday lunch spending in Japan rose for the third straight year to a record 485 yen in 2024 -- a 7.3% increase from the previous year -- highlighting how inflation is reshaping workers' midday habits.

Coca-Cola Bottlers Japan has announced it will raise prices on 217 beverage products starting with shipments on October 1st.

The emergence of Taiwanese electronics giant Foxconn has become a key catalyst in the discussion of a potential Nissan-Honda merger. Having grown through iPhone production, the company is now pushing into the electric vehicle (EV) sector, led by a Japanese executive who once held top roles at major Japanese firms.

The average price of new condominiums in Greater Tokyo has marked a record high for a fourth straight year amid rising costs. (NHK)

The first auction of the season signaling the arrival of new tea was held on the morning of April 18th at the Shizuoka Tea Market in Shizuoka City, with the highest bid reaching 880,000 yen per kilogram, continuing the trend of high prices into 2025.