The arrival of the crude oil tanker Idemitsu Maru at Nagoya Port on May 25th marked the end of a weeks-long ordeal caused by the closure of the Strait of Hormuz, while also highlighting how dramatically Japan's oil procurement system has changed amid escalating tensions in the Middle East.
Toyota Motor plans to further reduce overseas vehicle production as escalating tensions in the Middle East continue to disrupt logistics and supply chains.
Japan’s benchmark stock index closed above the 65,000 level for the first time on May 25th, as optimism over easing tensions in the Middle East and continued enthusiasm for AI-related shares pushed the market to another record high.
The Hands Shibuya store, a longtime landmark in Tokyo’s Shibuya district, will close in November this year, bringing its 48-year history to an end.
A model room for a luxury condominium tower under development at Grand Green Osaka in the Umekita district of Osaka has been unveiled, with its most expensive unit priced at 40 billion yen as the developer seeks demand from wealthy buyers looking for second homes.
The Idemitsu Maru, the first crude oil tanker bound for Japan to pass through the Strait of Hormuz since tensions in the Middle East worsened, arrived at Nagoya Port at around 10:45 a.m., carrying approximately 2 million barrels of crude oil from Saudi Arabia.
Toshifumi Suzuki, honorary adviser to Seven & i Holdings and widely regarded as the father of Japan's convenience store industry, has died of heart failure at the age of 93.
The film 'Kokuhou,' which swept 10 categories at this year's Japan Academy Film Prize ceremony in March, has become one of Japan's biggest box office successes in decades, helping fuel record profits at major distributor and production company Toho.