Japan's third largest newspaper company, the Mainichi Shimbun, announced on Wednesday that it would cease newspaper deliveries in Toyama Prefecture by the end of September this year. Currently, only the morning edition is being published in Toyama, with the estimated circulation falling to 840 copies in 2023.
Panasonic Holdings plans to sell its commercial large projector business to Orix for around 100 billion yen ($633 million). Panasonic's commercial large projectors were used during the opening and closing ceremonies of the 2021 Tokyo Olympics and are scheduled to be used in the upcoming Paris Olympics starting next week.
Toyota announced that it will continue to halt the production of three models beyond August due to a certification fraud issue affecting mass production of automobiles.
The surge in electricity costs has reignited interest in solar power, with some households reducing their monthly electricity bills to as low as 600 yen by using solar panels and battery storage.
The yen exchange rate surged rapidly amid moves perceived as intervention by the Japanese government. Meanwhile, speculators are eagerly eyeing another chance to ride the wave of yen depreciation.
FamilyMart, a leading convenience store chain, will implement a summer time schedule for its headquarters employees starting July 16. The initiative will advance both the start and end of the workday by one hour, promoting energy conservation and work style reforms.
Despite the rainy season not yet ending, the number of applications for insurance to cover the risk of heatstroke in Japan is increasing at an unprecedented speed.
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