News On Japan
Business | 6

The 'Summer Jumbo Lottery' tickets, offering a combined first prize and bonus of 700 million yen, went on sale on July 8. They will be available nationwide until August 8. The first prize of 500 million yen will have 24 winners, and the bonus prize of 100 million yen will have 48 winners. The second prize of 1 million yen will have 2,400 winners.

As the yen continues to weaken and prices rise, more people are cutting their summer vacation budgets compared to last year.

Sony Group has announced its plan to gradually reduce and eventually end the production of Blu-ray discs and other optical discs.

In the ever-evolving landscape of investments, staying informed and educated is paramount for success. However, for many individuals, the complexities of financial markets can be overwhelming and intimidating.

Corporate bankruptcies in Japan have reached their highest level in a decade, driven in part by labor shortages. According to a report released by Tokyo Shoko Research on July 5, the number of corporate bankruptcies in the first half of this year increased by 21.9% compared to the previous year, totaling 4,931 cases. This marks the third consecutive year of increases.

Hitachi Zosen has announced that its subsidiaries, Hitachi Zosen Marine Engine and Aimex, falsified fuel efficiency data for ship engines. The tampering involved 1,364 engines shipped since September 1999, with data altered to minimize discrepancies.

Seven-Eleven, a major convenience store chain, has entered the pizza delivery market with a focus on delivering freshly baked pizzas. Delivery staff from Seven-Eleven, carrying large backpacks, are now delivering piping hot pizzas.

Japan's new banknotes, which began widespread circulation on July 4th, have sparked a frenzy among collectors and the general public alike. At the Mitsubishi UFJ Bank's main branch in Marunouchi, Tokyo, many people lined up to exchange their old bills for the new ones on the second day of issuance.