Toyota limits orders for Lexus in Japan due to chip shortage
NAGOYA, Jan 18 (Nikkei) -
Toyota Motor is limiting orders of its Lexus luxury car in Japan, Nikkei has learned.
As the shortage of components, including in-vehicle semiconductors, is expected to continue through 2023, the company has set a cap on the number of orders allocated to each dealership.
A system to share information on delivery dates up to two years in advance with dealers will be installed this spring to ensure stable shipments of orders. The order limit may lead to lost sales opportunities, making it imperative to rebuild the supply network. ...continue reading
Japan's job availability in 2022 improved for first time in four years
Japan Times - Jan 31
Japan’s average job availability in 2022 improved for the first time in four years as economic and social activities revived with the easing of COVID-19 restrictions, government data showed Tuesday.
BYD forecasts huge profit ahead of flagship Atto launch in Japan
stockhead.com.au - Jan 31
Shenzhen-based automaker, Tesla hunter and global electric vehicle hopeful, China’s BYD Co, has forecast a bumper 2022 of pure profit.
The 20 Year Fall Of Japan's Sharp Corporation
Asianometry - Jan 31
Since the beginning of the century, Sharp has found itself increasingly trapped in a single incredibly competitive business.
Toyota world's top-selling automaker for third year running
Japan Today - Jan 30
Toyota Motor Corp was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.
Dentsu officials admit involvement in bid-rigging for Tokyo Games test events
NHK - Jan 30
NHK has learned that several officials of leading Japanese ad agency Dentsu have admitted to their involvement in bid-rigging for the test events of the Tokyo Olympics and Paralympics.
Japan embraces Web3 while other countries are hesitant
bollyinside.com - Jan 28
Web3 promotion continues to be a cornerstone of Japan’s national strategy as lawmakers and regulators from the U.S. to Europe to Asia voice growing caution regarding cryptocurrencies.
Japan launches whale meat vending machines
WION - Jan 28
Japan firm launched a whale meat vending machines to push sales. He is selling whale meat cans at prices from 1,000 yen to 3,000 yen.
Toyota president to become chairman
NHK - Jan 26
Japan's Toyota Motor says its president Toyoda Akio will become chairman on April 1st. He will maintain the right to represent the company.
New office tower to open in central Tokyo in July
NHK - Jan 25
Tokyo will be getting a new addition to its skyline this summer. A multi-purpose complex called "Toranomon Hills Station Tower" will open its doors in July in the heart of the metropolis.
Japan cuts economic view in Jan. as COVID-19 surges in China
Kyodo - Jan 25
The Japanese government on Wednesday downgraded its economic outlook for the first time in 11 months, reflecting a fall in exports amid a recent surge in COVID-19 cases in China.
Ski resorts in Japan another victim of surging energy costs
Japan Times - Jan 24
For a quarter century, the Hachi Kogen Ski Resort in Hyogo Prefecture relied on artificial snow machines to prepare its slopes for the annual season. Not this winter.
Japan to explore relaxing ‘minpaku’ vacation rental rules
shorttermrentalz.com - Jan 23
The Japanese government is considering relaxing the requirements for property management businesses operating ‘minpaku’ vacation rentals [i.e. private lodgings on platforms such as Airbnb] in a bid to galvanise regional tourism in the country.
TEPCO applies to raise home power prices by nearly 30%
Nikkei - Jan 23
Tokyo Electric Power Company Holdings (TEPCO) has applied to the Japanese industry ministry to boost its power prices to households by nearly 30% from June due to soaring fuel procurement costs, the company said on Monday.
Japan reports inflation hit 4 per cent, 41-year high in December
devdiscourse.com - Jan 20
Japan's consumer inflation rate hit a 41-year high of 4 per cent in December, as prices for everything from burgers to gas surged.
TEPCO set to apply for raising households' power prices about 30%
Nikkei - Jan 20
Tokyo Electric Power Co. Holdings (TEPCO) looks to raise power prices for households by around 30% as early as this summer for the first time in 11 years amid rising fuel costs, Nikkei has learned.
Publication of over 100-yr-old Shukan Asahi magazine to be suspended
NHK - Jan 20
The publisher of Shukan Asahi says it will suspend publication of the magazine in May this year. Started over a century ago, the magazine is said to be Japan's oldest weekly.
