Tokyo court rules COVID-19 business order illegal
東京都“コロナ時短命令”は違法も知事に過失なし グローバルダイニングの訴え棄却
The Tokyo Metropolitan Government issued the order in March last year, based on legislation allowing governors to issue tougher anti-virus measures.
Tokyo officials accused restaurant chain Global-Dining of raising infection risks by refusing to follow its order to close by 8 p.m.
A coronavirus state of emergency was in place in the capital at that time.
The company claimed the legislation and the metropolitan government's order run counter to the Constitution guaranteeing freedom of business operation and equality under the law.
The Tokyo District Court ruled on Monday the restaurants had anti-virus measures in place and operating at night didn't immediately lead to higher infection risks.
It said the Tokyo government failed to provide a reasonable explanation regarding why the order was necessary and what criteria it used.
President of the restaurant chain, Hasegawa Kozo, said, "The court found there had been no reasonable grounds for the order. I hope the ruling will prompt the authorities to come up with more detailed and scientific arguments, if a similar situation arises in the future."
He also asked for money for damages, arguing the order was unconstitutional. The court rejected that argument.
He says he's appealing that.
As for the Metropolitan Government, officials say they will determine their next steps after closely looking at the verdict.

Business Times - Jul 04
The Bank of Japan (BOJ) now owns half of outstanding Japanese government bonds (JGB) issued in the market, data showed on Monday (Jul 4), a sign the bank’s aggressive buying to defend its 0.25 per cent yield cap is bloating an already huge balance sheet.

Business Insider - Jul 03
A handmade Japanese iron kettle can cost over $300. For centuries, artisans have made kettles by pouring molten iron into molds and hammering them out once they’ve cooled.

Japan Today - Jul 03
KDDI Corp, one of Japan's top three carriers, said Saturday its mobile customers have been facing difficulties making calls and getting online for over half a day, with the disruption of its nationwide networks also impacting services from banking and transmission of weather data to parcel deliveries.

channelnewsasia.com - Jul 01
Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of $16 billion in January-March, the first quarterly negative return in two years, as higher U.S. interest rates and the war in Ukraine rattled financial markets.

france24.com - Jul 01
Japanese drinks giant Kirin said Monday it will withdraw from Myanmar, after a failed bid to disentangle its operations from a joint venture with a junta-owned company after last year's coup.

Nikkei - Jul 01
Business sentiment among Japan's large manufacturers cooled for the second straight quarter amid economic headwinds, including the war in Ukraine, the extended lockdown in China, and global supply shortages and inflation, the Bank of Japan's latest Tankan survey showed Friday.

9to5mac.com - Jul 01
Apple on Thursday raised the price of iPhone models in Japan, making the product more expensive for Japanese consumers. In some cases, prices are now almost 20% higher, which may be a reflection of the local currency getting weaker against the dollar.

think.ing - Jul 01
Today's numerous data releases, from inflation to labour to business surveys, suggest a positive outlook for Japan in the near term. The overall picture is still mixed and the figures aren't good enough to change the central bank's current stance

Kyodo - Jul 01
The average land price in Japan as of Jan. 1 was up 0.5 percent from a year earlier, the National Tax Agency said Friday, rebounding from a fall in 2021 as the country recovers from the coronavirus pandemic.

marketwatch.com - Jun 30
Shares of Tokyo Electric Power Co. Holdings Inc. surged Wednesday as a heat wave in Japan boosted power demand in the capital.

Mulboyne - Jun 29
Until today, companies listed on Japan's stock exchange had names beginning with every possible gojūon kana except ぬ. Nulab (ヌーラボ) has ended the drought.

Nikkei - Jun 28
The Bank of Japan may have been saddled with as much as 600 billion yen ($4.4 billion) in unrealized losses on its Japanese government bond holdings earlier this month, as a widening gap between domestic and overseas monetary policy pushed yields higher and prices lower.