News On Japan

Japan’s Long-Term Rate Surges to 18-Year High

TOKYO, Dec 04 (News On Japan) - The long-term interest rate briefly reached its highest level in 18 and a half years when the yield on the newly issued 10-year Japanese government bond rose to 1.910 percent on the Tokyo bond market on December 4th, reflecting speculation that the Bank of Japan will move toward an additional rate hike sooner rather than later while concerns over fiscal deterioration under the Taichi administration’s expansionary spending continue to drive selling of government bonds.

Source: テレ東BIZ

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Prime Minister Sanae Takaiichi formally informed senior ruling-party officials on the evening of January 15th of her intention to dissolve the lower house, pushing Japan decisively into full election mode, only for political dynamics to shift again the following day when the Constitutional Democratic Party of Japan and Komeito announced they had agreed to form a new political party.

Japanese astronaut Kimiya Yui returned safely to Earth on January 15th, smiling and waving after completing more than five months aboard the International Space Station.

The long-delayed extension of the Hokkaido Shinkansen to Sapporo is facing further setbacks, with the opening now pushed back by more than a decade and total project costs projected to more than double, even as construction steadily advances on the ground.

Water erupted from near the ceiling of an underground passage inside Tokyo Metro’s Kasumigaseki Station in Chiyoda Ward at around 6:00 p.m. on January 14th, in what the operator believes was caused by a burst water supply pipe.

Hokkaido is set to relax the criteria for issuing its so-called “brown bear alert,” making it possible to release warnings even before human injuries occur, as the prefecture seeks to respond more flexibly to the early appearance of dangerous animals.

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Asahi Beer’s sales in December fell by more than 20% from a year earlier, as the effects of a prolonged system disruption continued to weigh on shipments.

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Japan’s stock market extended its rally as election-related buying and a weaker yen pushed the Nikkei Average to a record close above the 54,000 mark for the first time.

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For more than three decades, Shinsaibashi OPA, long regarded as a landmark in Osaka’s Minami district, closed its doors on January 12th, bringing an end to 31 years of history.

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The Wall Street Journal reported on January 8th, citing two Chinese exporters, that the Chinese government has started imposing limits on shipments of rare earths and related materials bound for Japan.

According to vehicle-by-model new car sales figures released on January 8th by the Japan Automobile Dealers Association and the National Light Motor Vehicle Association, the best-selling vehicle in Japan in 2025 was Honda’s light vehicle N-BOX, marking its fourth consecutive year at the top of the rankings.