News On Japan

Nagoya Port Activity Drops Sharply on Middle East Tensions

NAGOYA - Nagoya Customs released its April trade report on May 21st, showing clear signs that tensions in the Middle East are affecting both imports and exports, with shipments to the region falling 82.4% from a year earlier to 26.17 billion yen.

The sharp decline appears to have been driven mainly by Japanese companies halting automobile shipments, particularly to Saudi Arabia. Automobile exports plunged 91.1%, marking a steep drop in one of the region’s key trade categories.

Imports from the Middle East also declined, falling to just over 125.6 billion yen, or 66.1% of the level recorded in April last year. By product category, crude oil, which accounted for the largest share of imports, fell 34.5%.

The figures show that while Nagoya Customs recorded year-on-year increases in both exports and imports globally, trade with the Middle East was clearly affected by the regional situation.

Source: 東海テレビ ニュースONE

News On Japan
POPULAR NEWS

Severe disruption continued across Chiba Prefecture after the holiday period, with rail closures forcing some commuters into three-hour journeys while more than 2,700 vehicles remained immobilized by flooding caused by last week's torrential rain.

Train stations, airports and expressways were crowded on August 16 as travelers returned from vacations and hometown visits on the final day of the Obon holiday.

A 12-year-old British girl who disappeared while visiting Japan with her family was found safe in Yokohama on Saturday night, about 59 hours after leaving their private lodging in Tokyo, with police saying there was no indication that she had been involved in a crime.

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.

MEDIA CHANNELS
         

MORE Business NEWS

Japan's economy expanded for a third consecutive quarter in the April-June period, with real gross domestic product rising 0.3% from the previous three months, equivalent to an annualized increase of 1.1%, according to preliminary data released by the Cabinet Office.

Tokyo stocks rose on August 17, with the Nikkei 225 closing at 69,220.25, up 506.45 points, as buying in artificial intelligence and semiconductor-related shares outweighed weaker-than-expected economic growth, rising bond yields and renewed concern over household spending.

BYD is making its most ambitious push yet into Japan with the Racco, a purpose-built electric kei car developed in roughly two years for a segment unique to the Japanese market, as the Chinese automaker seeks to turn three years of difficult sales growth into a durable presence in one of the world’s most demanding auto markets.

A new Japanese-made high-speed train developed for Taiwan arrived in the southern city of Kaohsiung on August 15, with commercial operations scheduled to begin in July 2027.

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.