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

Japan began applying a new numerical alcohol threshold for dangerous driving offenses on July 21, introducing a clearer standard for cases involving impaired driving that could lead to fatal accidents.

Prime Minister Sanae Takaichi's government approved its first annual basic economic and fiscal policy on Tuesday, pledging "responsible and proactive fiscal policy" and envisioning about 370 trillion yen in public- and private-sector investment in strategic industries through fiscal 2040.

A covert network of shuttle tankers is carrying crude through the increasingly dangerous Strait of Hormuz as renewed fighting between the United States and Iran disrupts shipping and raises concerns over how Japan will secure the oil it needs.

Russian Deputy Foreign Minister Andrey Rudenko has criticized moves by Japanese and Ukrainian companies to cooperate on drone technology, warning that such ties would be regarded by Moscow as a "clear hostile act."

The rainy season ended in the Kanto-Koshin and Tokai regions on July 20 as strengthening high pressure brought intense heat across Japan, with temperatures forecast to reach 38 C in Kumagaya, Saitama Prefecture, and Kofu.

MEDIA CHANNELS
         

MORE Business NEWS

Tokyo stocks rebounded sharply on July 21 as investors bought back semiconductor and artificial intelligence-related shares after last week’s steep selloff, while attention shifted to upcoming U.S. technology earnings and the government’s new economic policy roadmap.

Japanese cash equities were closed for Marine Day on July 20, leaving investors to assess whether Tokyo can stabilize after last week’s technology-led rout as oil prices rose above $90 a barrel, the yen remained near four-decade lows and global markets braced for another test of the artificial intelligence trade.

Apple has raised prices for iPhones sold in Japan, with the top-end iPhone 17 Pro Max now costing more than 210,000 yen, as the prolonged weakness of the yen increases the local cost of products priced and managed in US dollars.

A tanker carrying about 1 million barrels of Mexican crude oil arrived off Yokkaichi, Mie Prefecture, on the morning of July 17, marking Japan's first such delivery since the Strait of Hormuz was effectively closed.

Tokyo stocks plunged on July 17 as a global selloff in semiconductor and artificial intelligence-related shares pushed the Nikkei 225 into correction territory, while Middle East tensions, higher oil prices and persistent yen weakness added to pressure on investors.

Nissan Motor unveiled a fully redesigned Elgrand minivan on July 17, marking the model's first complete overhaul in 16 years, while introducing a new brand message as the automaker seeks to rebuild its business and revive sales.

Seven & i Holdings is considering investing several hundred billion yen in Zabka Group, Poland's largest convenience store operator, as the Japanese retailer seeks to expand its presence in Europe.

Japanese manufacturers including Fanuc, Yaskawa Electric, Fujitsu, Hitachi, Kawasaki Heavy Industries and Komatsu announced new artificial intelligence initiatives on July 16 as Nvidia expanded its partnerships with Japan's robotics and industrial sectors.