News On Japan
Business | 3

Rapidus, a company aiming to domestically produce next-generation semiconductors, plans to begin operating its prototype line for advanced chips in April. The company is accelerating development of 2-nanometer-class semiconductors, expected to be used in artificial intelligence (AI) applications.

A luxury tower apartment under construction in Grand Green Osaka, located in front of Osaka Station, has drawn attention for its record-setting price tag of 2.5 billion yen. The media was recently granted first access to a completed unit inside the building.

Japan’s economy, long characterized by stagnation and deflation, is now showing signs of a potential revival.

Once a pioneering force in Japan’s convenience store sector, 7-Eleven is now facing a clear slowdown. Although the company introduced many groundbreaking services over the years—such as hot oden by the register and in-store ATMs—it has failed to produce a major hit in over a decade.

Meitetsu announced on March 24th its long-term redevelopment plan for the area in front of Nagoya Station, which includes the construction of two new skyscrapers matching the height of the iconic Spiral Towers in nearby Sasashima.

Starbucks is replacing its paper straws with biomass plastic straws, beginning a nationwide rollout on March 24th.

As the number of vacant houses across Japan continues to rise—now estimated at 9 million—a unique group in Kobe is tackling what many consider a lost cause: severely dilapidated homes, or 'haioku.'

Japan's household financial assets reached a record 2,230 trillion yen ($15 trillion) at the end of December last year, driven by growing use of the tax-free NISA investment accounts and rising stock prices.