News On Japan

Japan's Healthcare Sector Hit by Rising Plastic and Rubber Prices

TOKYO - Medical institutions across Japan are coming under increasing financial strain as rising prices for plastic and rubber—key materials in essential medical supplies—begin to weigh heavily on operations, prompting the government to release national oil reserves on March 26th in an effort to curb inflation and stabilize supply.

The release began at a facility in Imabari, Ehime Prefecture, marking the first such move nationwide, with approximately 8.5 million kiloliters of oil—equivalent to about one month’s supply—set to be distributed from 11 storage bases across the country, following earlier releases from private reserves to ensure stable supply.

Oil-derived products have continued to be affected by tensions in the Middle East, raising concerns over shortages of medical supplies, particularly those reliant on petroleum-based materials.

At an internal medicine clinic in Fukuoka, concerns are mounting over the financial impact. Clinic director Satoshi Inoue explained that syringes are made of plastic, while sealing components use rubber, and that IV bags and gloves are also petroleum-based, warning that rising costs for these materials could significantly affect operations.

Disposable rubber gloves that previously sold for around 450 yen per box of 100 are now being priced at over 1,000 yen in some cases, highlighting the sharp increase in procurement costs.

Inoue noted that when prices rise for items that cannot be reused, medical institutions are forced to absorb the additional costs, placing further pressure on their finances.

Particularly affected are forceps used in endoscopic procedures, with prices reportedly increasing by about 10,000 yen per unit. Because such equipment costs cannot be directly billed to patients, clinics must bear the burden themselves, meaning that higher prices directly erode profitability.

Although the clinic currently maintains stockpiles of key supplies, officials warn that conditions could worsen depending on future developments. Inoue expressed frustration over the rapid changes, describing the situation as deeply troubling.

Meanwhile, in Hokkaido, a different impact of rising fuel costs is emerging, with bicycles gaining popularity as consumers seek alternatives to increasingly expensive gasoline.

In Sapporo, where long winters typically limit bicycle use, a surge in demand has been observed, particularly for second-hand bikes. A used bicycle shop that began operations for the season on March 14th has seen a steady stream of customers.

The shop sells bicycles recovered by the city as abandoned property, which are purchased at auction and refurbished by qualified technicians who replace worn components such as brake pads and tires before reselling them at roughly half the price of new models.

Satoru Soma of Hope Recycled Bicycle Sales said the shop prioritizes safety, ensuring that critical components such as brakes and tires are thoroughly serviced, along with rotating parts that affect ride quality.

At another bicycle retailer in the city, both new and used bicycles are on display, with store manager Takashi Oyamada noting that many customers opt for second-hand bikes due to the high cost of new models. He added that key components such as brake wires are replaced, allowing customers to use the bicycles without additional repairs.

Sport-type bicycles suitable for commuting and school use are particularly popular, with the ability to compare new and used options seen as a major advantage.

However, caution is advised when riding in snowy regions during early spring, as gravel spread on roads during winter for traction can cause slipping or punctures.

Chief Cabinet Secretary Yoshimasa Hayashi stated on March 26th that while there have been no immediate reports of disruptions to Japan’s oil supply-demand balance, the release of reserves aims to prevent any potential shortages in domestic petroleum products and contribute to stabilizing supply in international markets.

The government also plans to begin releasing approximately five days’ worth of oil from jointly held reserves with oil-producing countries within March.

Source: FNN

News On Japan
POPULAR NEWS

A newly formed tropical depression near Taiwan on June 9th is expected to intensify the seasonal rain front lingering over southwestern Japan, raising the risk of warning-level rainfall across Okinawa and the Amami Islands through around June 11th.

Japan, which records the shortest average sleep duration among OECD countries, is launching new efforts to tackle widespread sleep deprivation, including the opening of specialized sleep disorder departments and programs aimed at improving children's sleep habits through sports and physical activity.

Japan's national soccer team arrived in Nashville, Tennessee, on June 8th from Monterrey, Mexico, where it had been conducting a pre-World Cup training camp, and held its first practice session at its base camp for the FIFA World Cup in North America.

A prolonged eruption at Sakurajima on June 7th blanketed parts of Kagoshima City in volcanic ash, turning roads gray and prompting long lines of vehicles seeking car washes after a plume of smoke rose 1,300 meters above the crater.

A powerful earthquake struck off Mindanao Island in the southern Philippines at 8:38 a.m. (Japan time) on June 8th, generating tsunami waves across parts of the Pacific, causing building collapses and casualties near the epicenter, and prompting the Japan Meteorological Agency to issue tsunami advisories along a wide stretch of Japan's Pacific coastline before lifting all of them at 4:50 p.m.

MEDIA CHANNELS
         

MORE Business NEWS

The Bank of Japan is increasingly expected to raise its policy interest rate to 1.0% at next week's monetary policy meeting, responding to growing concerns that inflation could rise faster than previously anticipated due to soaring oil prices and other cost pressures.

The number of restaurant bankruptcies in Japan reached a record high for the January–May period, highlighting mounting pressures from rising costs, labor shortages, and increasingly cautious consumer spending.

Casio Computer, the company behind some of Japan’s most iconic consumer electronics including calculators, digital cameras, electronic musical instruments, and the G-SHOCK watch, is pursuing a new strategy aimed at reviving its tradition of product innovation.

Nippon Steel plans to invest up to $2.5 billion, or approximately 400 billion yen, over the next three years in the Mon Valley Works steel complex in Pennsylvania, one of the key facilities operated by U.S. Steel, the American steelmaker it acquired in 2025.

Japan's economy grew at an annualized rate of 1.8% in the January–March quarter of 2026, according to revised gross domestic product (GDP) data released by the Cabinet Office, with the figure marked down from the preliminary estimate due largely to weaker-than-expected capital investment.

Japanese stocks suffered a sharp sell-off on June 8th as weakness in U.S. technology shares and growing concerns over higher global interest rates triggered widespread selling, sending the Nikkei Stock Average down 2,563.52 points, or about 3.8%, to close at 64,024.60.

Japan's current account surplus expanded 64.9% from a year earlier to 3.9078 trillion yen in April, marking the 15th consecutive month of positive balance, according to balance of payments data released by the Finance Ministry on June 8th.

Rapid inflation and the weakening yen continue to squeeze household budgets across Japan, prompting renewed debate over the country's economic policies. Former Bank of Japan Governor Haruhiko Kuroda, who spearheaded the central bank's aggressive monetary easing campaign under Abenomics, argues that the overall economy remains on a positive trajectory and that wage growth is now exceeding inflation.