News On Japan

Japan govt. says economy recovering, warns of rising costs

Jun 20 (NHK) - The Japanese government has kept its overall assessment of the economy unchanged for the third straight month. Officials say there are signs of an upturn, but called for caution against rising raw material prices amid the prolonged conflict in Ukraine.

The economic report for June upgraded the assessment for residential construction, citing steady demand for condominiums for rent or sale.

The assessment for imports was also raised due to a recovery in purchases from China. That comes after an easing of pandemic restrictions in Shanghai. The report said the decline in imports has stopped.

The report, however, downgraded the assessment for production, saying signs of recovery appear to be stalling. It cited reductions in automobile output due to parts shortages.

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The impact of rising prices is being felt at summer festivals, with essential items like ice shavings and goldfish scooping seeing significant price increases.

Theft of air conditioner outdoor units has surged as Japan's heatwave continues, leaving some businesses unable to run critical cooling systems.

As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

Osaka has topped the 'Japan Urban Power Rankings' for the fourth consecutive year. Conducted by Mori Building's think tank, the ranking evaluates 136 cities across Japan in six categories, including economy, culture, and environment.

Japan's total population stood at 124.88 million as of January 1 this year, a decrease of over 530,000 from the previous year, further accelerating the trend of a declining birthrate and aging population.

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As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

Russia's Foreign Ministry has announced a ban on entry for 13 top executives from Japanese companies in response to Japan's sanctions over the Ukraine invasion.

A model of the next-generation fighter jet jointly developed by Japan, the UK, and Italy has been unveiled at an airshow in the UK.

The founder of the anti-whaling organization Sea Shepherd, who was wanted by Japan, has been detained in Greenland, an autonomous territory of Denmark.

Japan disbanded its military following its defeat in World War II and adopted a pacifist constitution that prohibits the country from engaging in war. (South China Morning Post)

The Japanese government is considering revising the policy that reduces pensions for those working past age 65. However, a significant proposal to extend the pension premium payment period from age 60 to 65 has been deferred.

The leaders' meeting of the 'Pacific Islands Summit,' involving Japan and Pacific island nations, was held in Tokyo, resulting in the adoption of a leaders' declaration emphasizing future cooperation.

A lawmaker in Ōkawara Town, Miyagi Prefecture, has come under fire after an elementary school student's essay revealed that he was playing a smartphone game during an assembly session.