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

Toyota Motor will begin operating fully autonomous taxis in 2027 through a partnership with U.S. self-driving technology company Waymo, marking a major step in the Japanese automaker's efforts to expand driverless transportation services.

Mount Fuji has received its first snowcap of the season, the Japan Meteorological Agency announced on October 30, after temperatures at the summit plunged to minus 9.4 degrees Celsius, marking the arrival of winter conditions on Japan's highest mountain.

U.S. intelligence agencies suspect that a Chinese female intelligence operative developed a close relationship with Nvidia CEO Jensen Huang in an attempt to obtain confidential corporate and U.S. government information, according to a report published by The New York Times on October 29th.

The Japanese government has asked major telecommunications operators to forcibly block access to websites believed to contain personal information stolen in a cyberattack on GMO, it emerged on October 29th, as authorities moved to prevent further exposure of sensitive data online.

Typhoon No. 31 was located near Minamitorishima Island in the Pacific Ocean, as of 3 a.m. on October 30, and was expected to approach the Ogasawara Islands south of Tokyo over the October 31-November 1 weekend while maintaining very strong intensity, bringing a growing risk of dangerously high waves, powerful swells and extremely rough seas.

MEDIA CHANNELS
         

MORE Business NEWS

A series of cyberattacks has exposed millions of personal records belonging to customers of major Japanese companies, including Muji, Matsuya and All Nippon Airways, as well as individuals connected to the Foreign Ministry, while cybersecurity experts investigating a separate attack involving GMO say a serious mistake by the hackers may provide crucial clues to their identities.

Japan's furniture and home goods retailer Nitori opened what it describes as its largest store in the world on October 30th in Osaka's Chayamachi district, bringing a major new retail destination to an area east of Hankyu Osaka-Umeda Station known for its youth culture, fashion boutiques, and specialty shops.

Japan's Nikkei 225 Stock Average plunged 1,369.36 points, or 2.12%, to close at 63,290.11 at 3:30 p.m. on Friday, October 30, ending a three-day winning streak as a sharp selloff in semiconductor and artificial intelligence-related shares swept through the Tokyo market, while the Bank of Japan's decision to leave interest rates unchanged failed to restore investor confidence.

The Bank of Japan announced on October 30th that underlying inflation has effectively reached its 2% target for the first time since the goal was introduced in 2013, marking a major milestone in the country's efforts to achieve sustained price growth, while keeping its benchmark interest rate unchanged at 1.25% as policymakers assess the impact of last month's rate increase.

Halloween celebrations across Japan are becoming increasingly expensive as October 31 approaches, with costume prices nearly doubling over the past five years and the average spending budget rising to 8,148 yen, prompting more people to find creative ways to enjoy the annual event without stretching their finances.

Hands Shibuya, one of Tokyo's best-known variety stores, will close on November 15 after 48 years in business, bringing an end to a shopping destination famous for its enormous selection of innovative household goods, stationery and unusual gadgets, with around 100,000 products still filling its shelves in the final weeks before closure.

Tokyo stocks extended their recovery on Thursday, October 29, with the Nikkei 225 closing at 64,659.47 points at 3:30 p.m., up 705.28 points, or 1.10%, from the previous session, as renewed buying of semiconductor and artificial intelligence-related shares helped the benchmark record its third consecutive daily gain ahead of the Bank of Japan's monetary policy decision.

GMO has announced a reward totaling approximately 150 million yen for information leading to the identification of hackers responsible for a cyberattack on its systems, while also pledging compensation to customers whose personal information has been exposed, as Japan faces a growing wave of cyberattacks targeting major companies.