Japan News🇯🇵

15 Nov 2024 11:26

Shibuya’s New Year Event Canceled for Fifth Consecutive Year

The New Year’s Eve countdown event at Tokyo’s popular tourist spot, Shibuya Scramble Crossing, has been canceled for the fifth year in a row.🚫🚫🚫

The decision was made by event organizers, including local authorities and businesses, citing concerns over public safety.👀👀👀

A representative from Shibuya Ward stated, “Considering efforts to reduce public drinking, we determined that holding an event drawing large crowds would not be appropriate.”🤡🤡🤡

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15 Nov 2024 09:51

Japan’s Economy Slows in Q3 Due to Weak Investment, While Consumer Spending Rebounds✅

Government data released on Friday showed that Japan’s economy expanded at an annualized rate of 0.9% in the July-September period. Although the economy slowed compared to the previous quarter due to sluggish capital investment, an unexpected recovery in consumer spending provided a positive note.👏👏👏

The slowdown highlights vulnerabilities in Japan’s economy, with increasing risks from an economic downturn in the United States and further weakening in China, which could place additional pressure on Japan’s exports.⚠️⚠️⚠️

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14 Nov 2024 12:14

Long-Term Interest Rates Rise to 1.060%, Highest in Three and a Half Months

In the government bond market on the 14th, the closing yield on the newly issued 10-year Japanese government bond (376th issue, coupon rate 0.9%), which serves as a benchmark for long-term interest rates, rose by 0.020% from the previous day to 1.060%. This is the highest level in approximately three and a half months, since the end of July.☕️☕️☕️

The increase is attributed to a rise in U.S. long-term interest rates, driven by expectations that fiscal expansion policies advocated by incoming U.S. President Trump are likely to materialize. This trend has extended to Japanese government bonds, leading to selling pressure and higher yields.💡💡💡

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14 Nov 2024 10:14

Bitcoin Soars to Record High of $90,000👀

On the 13th, Bitcoin, the leading cryptocurrency, reached a historic milestone of $90,000 (approximately 14 million yen) per coin for the first time. This surge reflects optimism about the potential return of former U.S. President Donald Trump, who has pledged to make the U.S. the “capital of cryptocurrency.” Compared to the morning of the 5th, when voting for the presidential election began, Bitcoin’s price has jumped by more than 30% at one point.📈📈📈

According to U.S. crypto exchange Coinbase, the price of Bitcoin was fluctuating around $70,000 at the start of November. However, as vote counting commenced on the night of the 5th, the price began to soar, hitting a new eight-month high. News on the 9th that Trump achieved “landslide victories” in seven key battleground states pushed Bitcoin above the $80,000 mark for the first time on the following day, the 10th.🕯🕯🕯

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13 Nov 2024 14:27

Kyoto’s National Place of Scenic Beauty, “Tairyusan-so Garden,” Opens to the Public This Autumn

On the 13th, the nationally designated Place of Scenic Beauty, “Tairyusan-so Garden” (located in Sakyo Ward, Kyoto City), designed by Jihei Ogawa VII, a pioneer of modern Japanese garden design, was opened to the press.🙌🙌🙌

Tairyusan-so was built in 1896 by Kanetane Ijyuin, a former samurai of the Satsuma Domain, on the grounds of a former sub-temple of Nanzen-ji Temple. Spanning about 1,800 tsubo (approximately 6,000 square meters), the garden incorporates the Eastern Mountains and Mount Hiei as borrowed scenery. Visitors can enjoy the sounds of flowing streams and waterfalls fed by water from the Lake Biwa Canal. Additionally, the main study, Tairyudai, designated as an Important Cultural Property of Japan, is also scheduled to open to the public next spring.🖥🖥🖥

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12 Nov 2024 14:05

Nissan Shares Likely Acquired by Former Murakami Fund Group

It was revealed on November 12 that Nissan Motor’s semi-annual report for April to September 2024, submitted on November 11, included the name of a major shareholder believed to be affiliated with an investment fund from the former Murakami Fund group. As of September 30, the shareholder held a 2.5% stake.📈📈📈

In the Tokyo stock market on November 12, Nissan’s stock price surged, briefly rising 76 yen (20.6%) from the previous day’s closing price to reach 444.60 yen.📌📌📌

The major shareholder listed is “Santera (Cayman) Limited as Trustee of ECM Master Fund,” which is noted by market participants as being related to Effissimo Capital Management, a firm associated with the former Murakami Fund group.🖥🖥🖥

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12 Nov 2024 13:05

Ticket Store Manager Near Osaka Station Arrested🎫

Osaka Prefectural Police announced on the 12th that they had arrested Yoshihiro Furo, the manager of the “Ticket Japan Osaka Ekimae Dai-3 Building” ticket shop in Kita Ward, Osaka City, on suspicion of knowingly purchasing stolen property and violating the Act on Punishment of Organized Crime. Furo has admitted to the charges, reportedly stating, “There was an unusually large number of tickets being sold, so I thought it was suspicious.”👎👎👎👎

According to the Investigation Division 3, the charges allege that on April 11, Furo purchased 263 stolen tickets for the Tokaido Shinkansen brought to the store, knowing they were stolen, for a total of approximately 2.27 million yen, thereby receiving criminal proceeds.👮👮👮

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11 Nov 2024 13:21

Kanji Characters Found on Meiji Shrine Torii Gate; Police Investigating on Suspicion of Property Damage👎

On the 11th, interviews with Tokyo Metropolitan Police Department’s Yoyogi Station revealed that a torii gate within the grounds of Meiji Shrine (Shibuya Ward, Tokyo) had been damaged, apparently carved with a sharp object. The carvings resemble kanji characters, and the station is investigating the incident on suspicion of property damage.👮👮👮

According to the police and Meiji Shrine officials, the damaged gate is the 12-meter-tall wooden “Great Torii” (the second torii) located on the main approach to the shrine. On the 10th, a patrolling staff member noticed several carved characters resembling “張” and “潤” about a meter above ground on the gate’s pillar and reported it to the police. A damage report has been filed.👎👎👎
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11 Nov 2024 11:22

Princess Yuriko Mikasa Responds to Voice Despite Decreased Consciousness

In a regular press conference on the 11th, Taketaro Kuroda, Deputy Director of the Imperial Household Agency, provided an update on the condition of Princess Yuriko Mikasa, who is hospitalized at St. Luke’s International Hospital in Chuo Ward, Tokyo. He explained that there has been no significant change since the weekend, noting that “the functions of her heart and kidneys are gradually declining, and her consciousness remains low.”📉📉📉

Princess Yuriko is the widow of Prince Takahito Mikasa, the youngest brother of Emperor Showa (Hirohito), who passed away in 2016. She is the oldest member of the Imperial family, at 101 years old.👍👍👍

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10 Nov 2024 14:02

A Western-Style Orphanage from the Meiji Era Revived as a Hotel🙏

A grand building from the late 19th century, once used as an orphanage, is undergoing extensive renovations in preparation for its December opening as a hotel. The three-story red-brick building, located on Glover Street in Minamiyamate, was built during the Meiji Era (1868–1912) and was originally used by a Catholic religious order.

The building will reopen as Hotel Indigo Nagasaki Glover Street, part of a foreign-owned brand, on December 13.😍😍😍

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10 Nov 2024 13:21

Arrests Made in Osaka’s Entertainment District Matsushima Shinchi Amid Expo-Related Crackdown Efforts⚠️

On November 5, Osaka Prefectural Police rearrested Chishiro Okuda, a 31-year-old manager of a restaurant in Osaka’s entertainment district Matsushima Shinchi, on suspicion of violating the Anti-Prostitution Act by providing a venue for prostitution. According to local media, Okuda, who is also involved in running a host club, allegedly profited by forcing female clients struggling with host club debts into prostitution. Meanwhile, there is growing concern among those connected to the “Shinchi” district that further crackdowns may continue as the World Expo approaches.😢😢😢

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09 Nov 2024 14:02

Japan Spent 3.16 Trillion Yen on Currency Intervention on July 11💸

According to quarterly data from the Ministry of Finance, Japan spent 3.168 trillion yen ($20.69 billion) on dollar-selling intervention on July 11 and 2.367 trillion yen on July 12. This data provides a detailed daily breakdown of the 5.53 trillion yen in currency interventions conducted between June 27 and July 29, which had already been disclosed. Over these two days in July, the yen surged from 161.76 to 157.30 per dollar.📈📈📈

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08 Nov 2024 12:22

Kyoto’s Year-End Tradition: “Maneki-gaki” Unveiled Ahead of Minami-za Kabuki Performances

On the 8th, the traditional maneki-gaki—signboards bearing the names of actors performing in the year-end Kabuki event, the “Kolei Kaomise Kogyo,” at Kyoto’s Minami-za theater—were unveiled to the press at Myodenji Temple.🖊️🖊️🖊️

In a room lined with these signboards, calligrapher Seihaku Kawabata (39) used a brush to write the name of Living National Treasure Nizaemon Kataoka. The unique, bold, rounded script, known as kantei-ryu, is designed with the wish for a full house, hoping every seat will be occupied. To give the ink a glossy finish, Japanese sake is mixed in with the ink.😮😮😮😮

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08 Nov 2024 10:21

FC2 Founder Arrested on Charges of Distributing Obscene Videos

The Kyoto Prefectural Police announced on the 8th that they arrested Takahashi Riyou (51, residence unknown), the founder of the internet video-sharing site FC2, on charges of displaying obscene electronic media. Takahashi was taken into custody on the 7th on suspicion of distributing obscene videos on FC2. The police had originally issued a warrant for his arrest in 2015 and had been renewing it while actively searching for him. He was reportedly arrested upon his return from South Korea at Kansai Airport.👮👮👮

According to the Cyber Crime Investigation Division of the Prefectural Police, Takahashi is suspected of making obscene videos, which depicted male and female genitalia, accessible to a broad audience on the FC2 site in June 2013.🤦‍♂️🤦‍♂️🤦‍♂️

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07 Nov 2024 15:53

No Tsunami Impact on Japan from Major Eruption of Indonesia’s Mount Lewotobi

On the afternoon of the 7th (Japan time), Japan’s Meteorological Agency announced that there is no tsunami impact on Japan from a major volcanic eruption in Indonesia. According to the agency, the eruption occurred around 12:30 p.m. Japan time at Mount Lewotobi on Indonesia’s Flores Island, with an ash plume reaching approximately 15,000 meters high. The agency had been assessing the potential tsunami impact from this eruption but confirmed at 9:30 p.m. that there is no risk of tsunami damage to Japan.⛔️⛔️⛔️

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15 Nov 2024 10:00

Princess Yuriko, a Cancer Survivor, Passes Away at 101🫡

The Imperial Household Agency announced that Princess Yuriko, aunt of the Emperor Emeritus, passed away on November 15 at the age of 101.😭😭😭

According to her office, Princess Yuriko had been hospitalized since March and was receiving treatment after being diagnosed with a stroke and aspiration pneumonia.🫡🫡🫡

She was the widow of Prince Mikasa, the youngest brother of Emperor Showa (posthumously referred to as Emperor Showa).🙏🙏🙏

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14 Nov 2024 13:01

Yamaha Motor Enhances AI-Powered Cell Detection🦠

On the 14th, Yamaha Motor announced plans to launch a new and improved device in March 2025 designed to streamline cell culturing, an essential process in drug development. The new product, named “CELL HANDLER 2,” enhances performance by increasing cell selection speed by 20% and includes an artificial intelligence (AI) function that detects and isolates only the necessary cells.👍👍👍

The original CELL HANDLER, launched in 2017, has been adopted by major pharmaceutical companies and research institutions in Japan, with some units introduced to research institutions in North America and Europe. By applying Yamaha’s industrial robotics technology, the device can quickly and accurately extract individual cells and transfer them onto plates for imaging and analysis, outperforming manual processes. The CELL HANDLER series has been expanding demand by improving efficiency and productivity in cell culturing.🙏🙏🙏

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14 Nov 2024 11:26

Toshiba Returns to Profit in First Half of Fiscal 2024👍

Toshiba, currently undergoing restructuring, announced on the 14th that it achieved a net profit of 116.3 billion yen in its consolidated financial results for the first half of fiscal 2024, a turnaround from a net loss of 52.1 billion yen in the same period last year. This improvement was largely due to the positive performance of Kioxia Holdings, a major semiconductor memory company in which Toshiba holds an equity stake. Operating profit also rose significantly, reaching 70.5 billion yen—3.2 times higher than the same period last year—due to the effects of fixed cost reductions.🔝🔝🔝

Revenue increased by 8.3% year-on-year to 1.6219 trillion yen. Although the semiconductor market recovery has been slower than expected, demand for data center hard disk drives (HDDs) and power generation systems has been strong, driven by the widespread adoption of generative AI.⬆️⬆️⬆️

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13 Nov 2024 15:20

Trial for the Attack on Former Prime Minister Kishida to Begin on February 4 Next Year⛔️

The first trial for Ryuuji Kimura (25), who has been indicted on charges including attempted murder, violation of explosives control regulations, and breach of the Public Offices Election Act, will begin next year. These charges are connected to an incident in April 2023, when an explosive device was thrown at then-Prime Minister Fumio Kishida during an election rally in Wakayama City.👎👎👎

According to the indictment and related documents, Kimura allegedly manufactured two pipe bombs using gunpowder between November 2022 and around April 15, 2023, at his home and surrounding areas in Kawanishi City, Hyogo Prefecture. On April 15, at the Saikazaki fishing port in Wakayama City, the site of a campaign rally for the Wakayama 1st district by-election, he reportedly detonated these explosives with the intent to kill Prime Minister Kishida, resulting in minor injuries to two people: a member of the audience and a police officer.👮👮👮

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12 Nov 2024 15:26

Bunraku Puppeteer and Living National Treasure Yoshida Minosuke Passes Away at 91

Yoshida Minosuke (real name Katsuyoshi Hirao), a renowned Bunraku puppeteer and Living National Treasure known for his expressive and vibrant performances, passed away on November 7 at a hospital in Osaka. He was 91.🧸🧸🧸

Born in Osaka, Minosuke came from a family of puppeteers; his father, Kiritake Montaro, was also a Bunraku performer. He began training in Bunraku in 1940 at the age of six, taking the name Kiritake Monjiro. In 1961, he assumed the title of the third Minosuke. Skilled in both female (onnagata) and male roles (tachiyaku), he was especially celebrated for his portrayal of young women, embodying a graceful and delicate style inherited from his mentors, Yoshida Bungoro and Kiritake Monjuro. He formed a famed partnership with the first Yoshida Tamaya in male roles, playing a central role in revitalizing postwar Bunraku’s popularity. In 1994, he was designated a holder of Important Intangible Cultural Properties, earning the title of Living National Treasure.🙏🙏🙏

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12 Nov 2024 13:41

Long-Term Interest Rate Rises to 1.005% as Yen Depreciates, Increasing Expectations for Additional BOJ Rate Hike📈

On November 12, in the government bond market, the closing yield on newly issued 10-year bonds (376th issuance, with a coupon rate of 0.9%) rose by 0.010% from the previous day to 1.005%.📌📌📌

In the Tokyo foreign exchange market on the same day, the yen weakened, briefly reaching the 154-yen level against the dollar. This yen depreciation has heightened expectations of an additional rate hike by the Bank of Japan, leading to increased selling of government bonds and a rise in yields. The December contract, the benchmark 10-year JGB futures on the Osaka Exchange, fell by 12 sen to 143.53 yen.➡️➡️➡️

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Japan News🇯🇵

12 Nov 2024 12:02

SoftBank Group’s AI Investments Perform Well

SoftBank Group (SBG) announced on November 12, 2024, that its interim financial results for the period ending September 2024 (under international accounting standards) showed a net profit of 1.005 trillion yen, marking a return to profitability for the first time in three years for an interim period. In the same period the previous year, the company reported a record net loss of 1.4087 trillion yen. This recovery was driven by the rising stock prices of AI-related companies in which it has invested.👍👍👍

The “SoftBank Vision Fund,” which invests in AI-related companies, performed well, with investment gains reaching 610.3 billion yen, surpassing the 181.1 billion yen profit reported in the same period last year. Furthermore, initial public offerings (IPOs) continued for companies backed by SoftBank, particularly in the Indian market.🤑🤑🤑

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Japan News🇯🇵

11 Nov 2024 11:57

Celebrating the 30th Anniversary of the Manga “Coji-Coji” with an Immersive Event Experience🔥

In 2024, the manga “Coji-Coji” by Momoko Sakura celebrates its 30th anniversary, with over 20 years having passed since the anime aired. Loved for its whimsical world, thought-provoking lines that resonate with adults, and its nonsensical humor, “Coji-Coji” remains a beloved work. To mark this 30th anniversary, the interactive exhibition event “COJI-COJI THE NONSENSE WORLD” will invite fans to step into the enchanting world of “Coji-Coji.” Come visit and immerse yourself in the magical world where Coji-Coji awaits!💥💥💥

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Japan News🇯🇵

10 Nov 2024 14:21

Marine Liner Stalls on Seto Ohashi Bridge

Around 7:35 a.m. on the 10th, a rapid train on the JR Seto Ohashi Line, connecting Honshu and Shikoku, stopped on the bridge with passengers on board. According to JR Shikoku, the train came to a halt due to a broken overhead wire. Passengers transferred to another train around 1 p.m. and continued toward Okayama.🤦‍♂️🤦‍♂️🤦‍♂️

This incident led to suspended operations on the Seto Ohashi Line between Kojima and Utazu, resulting in the cancellation of 107 trains, including partial suspensions, affecting approximately 15,000 people by 8:30 p.m.😱😱😱

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Japan News🇯🇵

10 Nov 2024 13:39

Japan’s ace pitcher, Roki Sasaki, could join an MLB team this offseason.⚾️

Having just turned 23, the right-hander is expected to become one of the most sought-after pitchers on the free-agent market. This year, Sasaki posted a record of 10-5 with a 2.35 ERA, recording 129 strikeouts over 111 innings in 18 games. Since he is under 25, MLB rules classify him as an international amateur free agent, subject to international bonus pool limits, meaning his initial contract will be a minor league deal capped in the seven-figure range. The Chiba Lotte Marines, rather than posting him, would receive a percentage of his signing amount as a posting fee, determined by the contract’s value.🥳🥳🥳

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Japan News🇯🇵

09 Nov 2024 14:38

Kioxia, a semiconductor manufacturer, applies for IPO, aiming for December according to sources🔖

Kioxia, backed by Bain Capital, filed for an IPO on Friday, with sources familiar with the matter stating that the Japanese semiconductor maker is targeting a December listing. This IPO registration marks a renewed attempt at going public. Bain previously pressured the company to lower its sought valuation of 1.5 trillion yen ($9.8 billion) by nearly half, leading Kioxia to withdraw its IPO plans in October, sources had reported. Kioxia is the first company to operate under Japan’s new rules, which allow companies to negotiate with potential IPO investors before receiving listing approval from the Tokyo Stock Exchange.👋👋👋

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Japan News🇯🇵

09 Nov 2024 13:29

RIKEN Team Collaborates on Development of Photonic Quantum Computer👀

Japanese researchers have contributed to the development of a photonic quantum computer, which has the potential to significantly reduce the size of next-generation computers and enable even faster computations. Capable of handling highly complex calculations simultaneously in large volumes, this computer could be applied to artificial intelligence research. The team from RIKEN and Nippon Telegraph and Telephone Corporation (NTT) announced that external researchers will also be able to access it via an internet cloud system. They revealed this groundbreaking achievement, accomplished in collaboration with other organizations, on No vember 8.🆕🆕🆕

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Japan News🇯🇵

08 Nov 2024 11:28

Emperor and Empress to Attend the 43rd National Sea Enrichment Festival in Oita

Their Majesties the Emperor and Empress will visit Oita Prefecture on November 9 to attend the 43rd National Sea Enrichment Festival.😉😉😉

The first festival was held in 1981 in Tsurumi Town, Oita Prefecture (now Saiki City), with the attendance of the current Emperor Emeritus and Empress Emerita. At the event’s welcoming and release ceremony at sea, red sea bream, kuruma shrimp, and yellowtail were released, and around 510 fishing boats participated in a parade.😘😘😘

In 2018, Their Majesties, then Crown Prince and Crown Princess, visited Oita and attended the 33rd National Cultural Festival “Oita 2018” and the 18th National Arts and Culture Festival for Persons with Disabilities in Oita.👍👍👍

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Japan News🇯🇵

07 Nov 2024 15:59

The “America First” policy is causing significant concern for Japanese companies.

Following Donald Trump’s victory in the U.S. presidential election, emphasizing his “America First” agenda, Japan’s manufacturing sector is on edge. Japanese steel giant Nippon Steel is particularly anxious as it is currently engaged in a 2 trillion yen ($12.9 billion) deal to acquire U.S. Steel. U.S. Steel’s headquarters and plants are located in Pennsylvania, a key swing state that contributed to Trump’s electoral victory. The state is also home to the United Steelworkers (USW) and other labor unions that oppose the acquisition.💬💬💬

Trump, who has publicly criticized this acquisition, vowed to block the deal if he won the election.❓❓❓

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Japan News🇯🇵

07 Nov 2024 10:33

U.S. Travel Magazine Names Tokyo the World’s Best Major City👍

Tokyo officials were thrilled as a major American travel magazine selected Japan’s capital as the world’s best major city. According to the Tokyo Metropolitan Government, Tokyo received 575,048 votes in Condé Nast Traveler’s 2024 reader survey (excluding U.S. cities), reclaiming the top spot for the first time in three years. This marks the sixth time Tokyo has ranked first since the survey began in 1988. Singapore took second place, followed by Sydney, Cape Town, and Vienna. Condé Nast Traveler caters to affluent readers with information on vacations, hotels, restaurants, and shopping, with around 3.5 million readers of its U.S. edition.✨✨✨✨✨

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