Toyota Reaches Basic Agreement with Waymo to Develop Autonomous Vehicles

With rice prices continuing to hover at historically high levels and empty store shelves becoming more common, the Japanese government is under increasing pressure to implement consumer- and producer-friendly policies. In response, authorities are revising the bidding system for releasing reserve rice stocks, aiming to make it more accessible to smaller wholesalers.

Cases of online securities accounts being hijacked via computers and smartphones are rapidly increasing, with individual investors seeing their carefully built portfolios vanish in unauthorized trades—often involving unfamiliar Chinese stocks.

A groundbreaking ceremony was held for the final phase of a major redevelopment project around Shibuya Station, where Tokyu Corporation and JR East plan to construct two new complex buildings at Shibuya Scramble Square and develop a pedestrian deck connecting the station's east and west sides.

U.S. investment fund Dalton Investments has issued a statement criticizing Fuji Media Holdings for rejecting its proposed board nominees, calling the move "regrettable" and stating it "does not appear to have been seriously considered."

Toyota Group unions have secured the highest average wage increase since 2000, with 123 manufacturing unions achieving pay hikes averaging 16,430 yen and a 5.72% increase, according to the All Toyota Labor Federation, which represents about 362,000 members across 307 unions.

A Japanese man in his 50s was sentenced to 12 years in prison by a Chinese court on May 13 under the anti-espionage law, following his December 2021 detention in Shanghai and formal arrest in June 2022 after six months of interrogation.

Nissan's plan to shut down several of its production facilities has drawn concern from Kitakyushu Mayor Kenji Takeuchi, who said at a press conference on May 15th that the move is "a matter directly linked to citizens' employment and livelihoods."

Japan’s three largest banking groups have all reported record net profits for the past fiscal year, with their combined earnings nearing 4 trillion yen.