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Mitsubishi to Become World’s No. 2 Salmon Producer

TOKYO - Mitsubishi Corporation has announced plans to acquire part of Norway’s Grieg Seafood, investing approximately 150 billion yen in the deal. The Japanese trading house already owns Cermaq, the world’s fourth-largest salmon farming company, and expects the acquisition to boost its annual production from around 200,000 tons to 250,000 tons—elevating it to the second-largest producer globally.

With global demand for salmon rising amid population growth and changing dietary habits, Mitsubishi aims to expand its production capacity to secure a stronger position in the market.

Source: テレ東BIZ

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Flooding continued in parts of Chiba Prefecture three days after record-breaking torrential rain, with nine people confirmed dead, one man still missing and authorities estimating that around 1,000 vehicles may have been abandoned across the prefecture.

More than 1,200 vehicles are believed to have been left stranded on roads across Chiba Prefecture after torrential rain caused widespread flooding, with authorities confirming eight deaths and investigating a drainage pump failure at an underpass where a man died.

Japan's weather agency raised the volcanic alert level for Mount Aso in Kumamoto Prefecture from Level 2 to Level 3 on August 14 after volcanic tremors strengthened and gas emissions increased sharply, warning people to stay away from areas within about 2 kilometers of the Nakadake No. 1 crater.

Typhoon No. 17 was moving east near Minamitorishima on August 14 and is expected to continue weakening before becoming a tropical depression by August 16.

Google opened its first flagship store in Japan in Tokyo's Omotesando district at 2 p.m. on August 13, marking the company's first flagship retail location outside the United States.

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Commercial and industrial damage from the Kumamoto earthquake has already reached 117.6 billion yen, while continuing water outages are preventing many businesses from reopening.

An Okinawa dairy farming family is working to protect local milk production as soaring feed and utility costs, extreme summer heat and reduced demand during the school vacation place growing pressure on an industry that has seen the number of farms fall sharply over the past four decades.

Tokyo stocks rose on August 14, with the Nikkei 225 closing at 68,714, up 0.59%, as investors continued buying semiconductor, artificial intelligence and earnings-backed shares, while the broader TOPIX gained 0.51% to 4,197 and reached another record high.

Rakuten Securities held an event for parents and children at the Tokyo Stock Exchange on August 13 to teach families about building assets ahead of the launch of the new Junior NISA program in January 2027.

Google opened its first flagship store in Japan in Tokyo's Omotesando district at 2 p.m. on August 13, marking the company's first flagship retail location outside the United States.

Tokyo stocks rose on August 13, with the Nikkei 225 advancing to 68,601.21, up 1.6%, as semiconductor and artificial intelligence-related shares followed Wall Street higher, while the broader TOPIX climbed to a record high despite continued concern over wholesale inflation, the yen and Bank of Japan rate-hike expectations.

Hiroshi Okuda, a former president of Toyota Motor who helped lay the foundation for the automaker's emergence as one of the world's leading manufacturers, died of old age on August 8 at the age of 93.

Tokyo stocks ended nearly unchanged on August 12, with the Nikkei 225 at 66,988.82, as gains in energy and financial shares offset weakness in electronics and pharmaceuticals while investors weighed higher crude oil prices, a weaker yen and growing expectations for another Bank of Japan rate increase.