News On Japan

Nikkei Plunges More Than 2,500 Points in Thursday Morning Session

TOKYO - Japan's Nikkei stock average plunged more than 2,500 points at one stage during trading in Tokyo on October 15, as a sharp sell-off in semiconductor shares followed a surge in U.S. long-term interest rates and renewed concerns over the outlook for artificial intelligence investment.

The decline came after U.S. consumer price inflation for September exceeded market expectations, temporarily fueling speculation that the Federal Reserve could raise interest rates in the near future. The stronger-than-expected inflation figures also pushed up U.S. long-term bond yields.

Rising borrowing costs have raised concerns about their potential impact on investment in artificial intelligence, particularly in the semiconductor industry, which has benefited from strong demand for AI-related infrastructure and technology.

Semiconductor-related stocks fell sharply on the New York market on October 14 as investors reassessed the outlook for AI investment in a higher-interest-rate environment.

The selling pressure carried over into Tokyo on October 15, with sell orders for semiconductor-related shares surging immediately after the opening of trading, driving the Nikkei sharply lower.

Source: TBS

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As of 6 a.m. on November 5, strong Typhoon No. 31 (In-fa) was moving north over waters approximately 370 kilometers west of Chichijima in the Ogasawara Islands, with powerful waves expected to affect coastal areas across eastern and northern Japan even as the storm turns northeast and moves away from the country.

Japanese calligraphy is set to be added to UNESCO's Intangible Cultural Heritage list after an evaluation body recommended its registration on November 5th, paving the way for the traditional art form to become Japan's 24th entry and its first since traditional sake brewing was recognized in 2024.

Japan's government is facing growing pressure from opposition lawmakers to clarify who will qualify for a new financial support program and how much they will receive, as deliberations on legislation to reduce the consumption tax on food and introduce payments for low- and middle-income earners enter their final stages in the House of Representatives.

A smartphone caught fire at Narita Airport's Terminal 1 shortly after 7:30 a.m. on November 4th, prompting the dispatch of 10 fire trucks and other emergency vehicles before the blaze was extinguished about 30 minutes later, with no injuries reported.

A memorial service was held at a cemetery in Tokyo's Itabashi Ward on the morning of November 4 to honor police and security dogs that served in criminal investigations, disaster rescue operations, and other police duties, with 11 dogs newly laid to rest since late September 2025.

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Japan's Nikkei 225 Stock Average closed at 62,188.63 on Wednesday, November 4, 2026, falling 893.23 points, or 1.42%, from the previous trading session as heavy selling in semiconductor and artificial intelligence-related stocks swept through Tokyo markets following the U.S. midterm elections, although a strong afternoon recovery helped the benchmark recover much of its earlier losses.

Personal information belonging to approximately 1.09 million MUJI Card members may have been leaked following unauthorized access, Ryohin Keikaku, the operator of MUJI stores, announced on November 4, while restaurant chain Denny's also reported a possible data breach involving customer information.

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An 18-year-old Japanese cybersecurity expert has uncovered evidence suggesting that the hacker behind a major cyberattack on GMO Internet Group may be operating from Asia, as the company offers a reward of approximately 150 million yen for information leading to the attacker's identification and investigates more than 700 tips received from the public.

A vacant house in Osaka's Ikuno Ward collapsed in October after standing empty for more than a decade, exposing a loophole in Japan's vacant home legislation that prevents authorities from taking action against deteriorating properties when they form part of a row of connected houses still occupied by other residents.

The Bank of Japan has declared that Japan's underlying inflation rate has reached its long-standing 2% target, marking a milestone in its effort to overcome decades of deflation, even as consumers continue to struggle with food prices rising far faster than the central bank's benchmark.

GMO Internet Group President Masatoshi Kumagai apologized at his first press conference following a cyberattack on the company's investor-oriented cloud service, acknowledging that security vulnerabilities had been identified by specialists within the group two years earlier but that the warnings had not been adequately addressed.

Japan's benchmark Nikkei 225 Stock Average fell 208.25 points, or 0.33%, to close at 63,081.86 at 3:30 p.m. on November 2, extending its losses for a second consecutive trading session as a sharp decline in memory chipmaker Kioxia Holdings and continued uncertainty over US technology stocks outweighed gains in semiconductor equipment manufacturers.