Nikkei stock prices soared on October 6th after Takaichi was elected as the new president of the Liberal Democratic Party (LDP), with the benchmark index surging more than 2,100 yen at one point and surpassing the 47,000 range for the first time in history.
From October, a new policy has come into effect requiring some people aged 75 and over to pay 20% of their medical costs at the counter, doubling the previous burden for many elderly patients. For those living on pensions, the increased costs are squeezing already tight household budgets and fueling concern about how to manage daily life.
Tokiwair, a Niigata-based airline, is planning to produce lightweight sport aircraft (LSA), a category of small propeller planes, in collaboration with factories in the Tsubame-Sanjo area of Niigata Prefecture.
The Tokyo Metropolitan Bureau of Transportation has reduced 206 Toei bus services in its October timetable revision, underscoring how the nationwide shortage of drivers is now taking a serious toll on the capital’s public transport.
Bank of Japan Governor Kazuo Ueda indicated that the pace of Japan’s economic growth is expected to temporarily slow due to the effects of tariffs, while predicting that growth will pick up again as overseas economies recover. Speaking in Osaka on October 4th at a meeting with the Kansai business community, Ueda stressed that monetary policy would be guided by overall economic and price conditions.
Around 60 percent of hospitals across Japan are operating in the red, creating a critical situation where closures and bankruptcies are no longer a distant threat. Behind the figures lies a deepening financial crisis that is raising questions about whether patients can continue to rely on stable access to medical care.