News On Japan
Business | 3

Mitsubishi UFJ Financial Group became Japan's most valuable company for the first time on the Tokyo stock market on July 13, overtaking Toyota Motor as expectations grow that higher interest rates will lift bank earnings.

A debate over whether shorts belong in the workplace is spreading in Japan after Tokyo Governor Yuriko Koike encouraged metropolitan government employees to wear cooler clothing, including shorts, as part of efforts to cope with intensifying summer heat.

A 65-year-old man who spent 40 years working for a company was shocked to learn that his pension would amount to 168,000 yen a month, raising fresh concern over whether retirees in Japan can live on public pension payments alone.

Small supermarkets offering lower prices than convenience stores and closer access than full-size supermarkets are expanding rapidly across the Tokyo metropolitan area, as retailers race to meet demand from older consumers, single-person households and shoppers under pressure from rising prices.

A welfare facility in Fukuchiyama, Kyoto Prefecture, has begun preparations to sell about 220 giant stag beetles, one of Japan’s largest species, from July 13.

NTT Docomo will begin offering banking services under the new "Docomo Bank" brand in August, with plans to build a network of more than 1,500 locations by fiscal 2030, far exceeding the branch networks of Japan's major banks.

Japanese stocks rose for a second straight session on Friday, July 10, with the Nikkei Stock Average climbing 813.88 points to close at 68,557.73 after strong gains in U.S. technology and semiconductor stocks fueled renewed buying of AI-related shares.

Japan’s domestic Corporate Goods Price Index, which measures prices charged for goods traded between companies, rose 7.1% from a year earlier to 135.4 in June, the Bank of Japan said on July 10.