As the new fiscal year began on April 1st, companies across Japan welcomed fresh employees with distinctive entrance ceremonies while some firms drew attention by offering sharply increased starting salaries.
KDDI announced the results of an investigation into an accounting fraud involving its subsidiaries, revealing that 99.7% of revenue in its advertising agency business was generated through fictitious transactions.
The Japanese government is stepping up efforts to expand overseas markets for fashion and cosmetics as part of its broader Cool Japan strategy, with discussions held on March 31st to review progress toward its goals.
JR East is set to enter the QR code payment market under the name “teppay,” as competition intensifies following the withdrawal of services such as LINE Pay, raising questions over whether the railway operator can carve out a position while differentiating the service from its widely used Suica platform.
Long-running tensions surrounding Iran are expected to push up household electricity bills, with Japanese power companies bracing for higher costs this summer as crude oil prices remain elevated, even as Japan has shifted its energy mix toward renewables, now accounting for more than 20% of total power generation following the Great East Japan Earthquake.
Japan’s benchmark stock index plunged sharply at the start of the week, at one point dropping more than 2,800 points, as surging crude oil prices driven by tensions surrounding Iran rattled markets and raised fresh concerns over the stability of alternative energy supply routes.
A month has passed since the United States and Israel launched attacks on Iran, and while Japan holds oil reserves equivalent to roughly eight months of domestic consumption, concerns are growing that rising crude prices and supply disruptions could begin to affect everything from plastic bottles to medical IV tubes.
The Hokkaido Shinkansen marked its 10th anniversary on March 26, as a town in southern Hokkaido known for its deep ties to tunnel construction put forward a bold proposal to build a second undersea tunnel to help achieve faster travel between Sapporo and Tokyo.