Toyota Motor has decided to halt development of the LF-ZC, a next-generation electric vehicle planned under its Lexus luxury brand, according to sources familiar with the matter.
Fixed-rate mortgage costs in Japan are set to rise again in June as the country's five major banks increase home loan rates in response to higher long-term interest rates, with their flagship 10-year fixed-rate mortgages rising to preferential rates of 3.27% at Mitsubishi UFJ Bank, 3.5% at Sumitomo Mitsui Banking Corporation, and 3.25% at Mizuho Bank.
Japan is facing a growing transportation dilemma. While a record number of foreign visitors in 2025 has fueled congestion and traffic jams in major cities and tourist destinations, many rural communities are grappling with the opposite problem: shrinking populations and aging residents are making it increasingly difficult to maintain public transportation services.
Born with osteogenesis imperfecta, a rare disorder that makes bones fragile and prone to fractures, Toshiya Kakiuchi built a company with a mission to transform both the physical and emotional barriers faced by people with disabilities.
Finland is positioning economic resilience as a core pillar of national security, with Finnish Economic Affairs Minister Sakari Puisto emphasizing closer cooperation with Japan in advanced technologies, supply chain security and dual-use industries during a recent visit to Tokyo.
Bank of Japan Governor Kazuo Ueda said on May 27th that Japan's economy is facing an "oil price shock" as tensions in the Middle East drive up crude oil prices, speaking at an international conference hosted by the central bank.
The National Police Agency announced on May 28th that it will launch a new framework in cooperation with nine financial institutions aimed at rapidly tracing money stolen through special fraud schemes and other scams, as damages from such crimes reached a record high last year.
Toyota Motor has notified the Ministry of Land, Infrastructure, Transport and Tourism of a recall affecting about 43,300 vehicles across six models, including the Land Cruiser, after instrument panels were found to sometimes fail to start properly when the engine is turned on, causing parts of the display not to appear.