20097
- Japan Daily News - Tokyo Political Updates - Japan Local News Highlights - Japanese National Headlines - Japan Economy News - Tokyo Metropolitan News - Japan Cultural News - Japanese Technology News
Financial markets react to the election of Shigeru Ishiba as the new president.
The financial markets reacted to the election of Shigeru Ishiba as the new president of the Liberal Democratic Party with a drop in stocks, a rise in the yen, and an increase in interest rates. The strong backlash reflected the market's prior pricing in of a victory for Sanae Takaichi, the Minister for Economic Security, who advocates for fiscal stimulus and monetary easing. The focus now is on when the reversal of this "Takaichi trade" will settle.πππ
The dollar/yen sharply dropped from around 146 yen to the mid-142 yen range. There was also a moment when the Nikkei futures dropped by more than 2,000 points compared to the previous day's close.π¨π¨π¨
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New "Monster Hunter" Game: Top Edition Priced at 180,000 Yen
The latest installment of the hunting action game series, "Monster Hunter Wilds," is set for release on February 28, 2025. Along with the release date announcement, a special edition featuring various goods and in-game items was also revealed. The top-tier version is priced at around 180,000 yen, significantly higher than the standard game, which costs about 10,000 yen. The reason for the steep price is that the set includes not just the game but also a folding bicycle, a combination that has left fans puzzled.π²π²π¬π¬π¬
On social media, many reacted with amusement and surprise, with comments such as "The folding bike is the main feature now" and "I was shocked by how expensive it is."π
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Turkish Teen Arrested on Hit-and-Run Charges Resulting in Death and Injuryππ
In a hit-and-run incident in Kawaguchi City, Saitama Prefecture, where two people on a scooter were killed or injured, the Saitama Prefectural Police arrested a Turkish national teen living in the city on the 27th. The boy, who works part-time, was arrested on suspicion of violating the Act on Punishment of Acts Inflicting Death or Injury by Driving a Motor Vehicle and hit-and-run. He reportedly admitted, "I got scared and ran away."π¨π¨π¨π¨π¨
The teen is suspected of driving a car without a license at an intersection, hitting two people on a scooter β a 17-year-old construction worker and a 16-year-old high school student β and fleeing without offering assistance. The construction worker suffered a severe head injury and died, while the high school student is in critical condition and unconscious.π°π°π°π°π°π°
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Ishiba Elected as New LDP Presidentπ«‘π«‘π«‘
In the Liberal Democratic Party (LDP) leadership election held on the 27th at party headquarters, former Secretary-General Shigeru Ishiba (67) was elected as the partyβs 28th president. Since no candidate secured a majority in the first round of voting, a runoff was held between the top two candidates, where Ishiba defeated Sanae Takaichi, the Minister of Economic Security (63). He will be appointed as Japanβs 102nd Prime Minister in the extraordinary session of the Diet convening on October 1, succeeding Prime Minister Fumio Kishida. Speculation is growing about a potential early dissolution of the House of Representatives and a general election, with attention focused on Ishibaβs decision.ππ₯³π₯³π₯³π₯³
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"Don't Bring Nuclear Waste": Citizens Protest
A transport ship carrying spent nuclear fuel from TEPCO's Kashiwazaki-Kariwa Nuclear Power Plant (Niigata Prefecture) docked at a port in Mutsu City, Aomori Prefecture, on the 26th.π€‘π€‘π€‘
Around 10 citizens gathered on a nearby beach overlooking the port to protest against the acceptance of the fuel, chanting, "Don't bring nuclear waste." The spent fuel is to be temporarily stored at the country's first interim storage facility in the city, but fuel recycling efforts have stalled. The citizens raised their voices in protest, saying, "Interim storage is final storage."π₯π₯π₯
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Four banks, including Mitsubishi UFJ, to invest in Rapidus.
It was revealed on the 26th that Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and the government-affiliated Development Bank of Japan (DBJ) plan to invest up to a total of 25 billion yen in Rapidus, which aims to domestically produce next-generation semiconductors. Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho will each invest up to 5 billion yen, while DBJ will contribute 10 billion yen. This investment is part of efforts to secure funding for the mass production Rapidus expects to begin in 2027.ππππ
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H-IIA Rocket No. 49 Successfully Launched
The H-IIA Rocket No. 49, carrying the government's information-gathering radar satellite No. 8, was launched from the Tanegashima Space Center in Kagoshima at around 2:24 p.m. on September 26. The rocket continued its flight smoothly and successfully deployed the satellite into its designated orbit. This marks the 43rd consecutive successful launch of the H-IIA rocket.ππππ
The H-IIA Rocket No. 49 was initially scheduled for launch on September 11 but was postponed twice due to adverse weather conditions and other factors.βββ
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The Nikkei Stock Average briefly surged by over 1,000 yen.π
In the Tokyo stock market, the Nikkei Stock Average extended its gains in the afternoon, rising by more than 1,000 yen at one point.πππ
The rise in U.S. tech stocks on the 25th has fueled buying activity in semiconductor stocks in Japan.πππ
Another factor is the yen's depreciation, with the exchange rate briefly hitting the 145-yen mark to the dollar for the first time in about three weeks, with the yen weakening by more than 1 yen since the 25th.πΌπ½
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ANA Holdings Abandons Plans for "Flying Cars" at Expo
Kyodo News, September 25th β It has been learned that ANA Holdings plans to abandon commercial flights with regular passengers for the highly anticipated "flying cars" at the 2025 Osaka-Kansai Expo. Japan Airlines is also expected to forgo commercial operations. All four operators will instead conduct demonstration flights. According to ANA Holdings, it is expected to be difficult to obtain safety approval from the relevant Japanese and U.S. authorities before the Expo begins.π§π§π§
The Japan Association for the 2025 World Exposition, the Japanese government, Osaka Prefecture, and Osaka City are expected to hold a meeting soon to confirm the readiness of the operators for flying cars.π€π€π€
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Hong Kong Express Airways to Launch Regular "Hong Kong-Sendai" Route Next YearβοΈ
Sendai International Airport Co., which operates Sendai Airport in Japan, announced on the 24th that low-cost carrier (LCC) Hong Kong Express Airways will launch a regular "Hong Kong-Sendai" route on January 17 next year. Just earlier, on the 20th of this month, Greater Bay Airlines announced the opening of a Sendai route. These moves reflect the growing demand for inbound tourists to the Tohoku region of Japan.πππ
This will be Hong Kong Express Airways' first route connecting to the Tohoku region, using an Airbus A320 (188 seats) with four round trips per week. Ticket sales have already begun.βοΈβοΈβοΈ
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The Ministry of Defense stated that firing flares at Russian military aircraft does not constitute shooting.
On the 23rd, Japan's Ministry of Defense explained that the Air Self-Defense Force fighter jets fired flares at Russian military aircraft as a warning, stating that "it does not constitute shooting."πππ
The Ministry of Defense also revealed that, regarding the violation of Japanese airspace by Russian patrol aircraft, a protest has been lodged with the Russian side through diplomatic channels, and a request has been made to prevent a recurrence.π€π€π€
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Arrest of High School Teacher on Suspicion of Attempted Secret Filming
A high school teacher was arrested on the spot for attempting to secretly film under a woman's skirt. He is suspected of trying to take photos with his smartphone. According to the Tokyo Metropolitan Police, the suspect, Wachi, is believed to have followed the woman on a train after drinking with friends before committing the act.π΅βπ«π΅βπ«π΅βπ«π΅βπ«
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Prime Minister Kishida holds talks with President Zelensky.
Prime Minister Kishida, who is visiting New York, held talks with Ukrainian President Zelensky and was awarded the highest honor as a token of appreciation for Japan's support of Ukraine.π₯π₯π₯
Prime Minister Kishida expressed his gratitude, saying, "I am deeply honored to receive this prestigious decoration, and I offer my sincere thanks."π€π€π€
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The Bank of Japan's additional rate hikes will be carried out "in a timely and appropriate manner."
The Governor of the Bank of Japan, Kazuo Ueda, delivered a speech on the 24th at a meeting with economic organizations in the Kansai region held in Osaka. He stated that decisions on additional interest rate hikes would be made "in a timely and appropriate manner, taking into account various uncertainties." While the Bank of Japan would consider raising interest rates if the economy and prices develop as expected, Ueda also emphasized the significant uncertainty regarding future developments, particularly focusing on the trends of overseas economies, especially the United States.πππ
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Can Shunmai Shinkan
Can Shunmai Shinkan is a rice that stores in alminum can at vending machines.πΎπΎ
Japanese are aware that disaster may strike at any time and it's important to have the right preparations for an emergency so this way ensure have food even after an earthquake or major natural catastrophe.πππ
The Emergency Rice in Can Shunmai Shinkan can be kept for up to five years, meaning you can always enjoy the taste of fresh delicious Japanese rice whatever your predicament.ππππ
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A line formed from the night before for the final farewell to Ri Ri and Shin Shin.
On the 28th, the final day for viewing the giant pandas, Ri Ri and Shin Shin, before they are returned to China on the 29th, many fans visited Ueno Zoo to bid them farewell.π’π’π’π’
The two pandas arrived at the zoo in February 2011 and have supported the popularity of pandas for 13 and a half years.π₯°π₯°π₯°π₯°π₯°
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Nintendo Unveils Exhibition FacilityβοΈβοΈβοΈβοΈ
On the 25th, Nintendo revealed the exhibits of the "Nintendo Museum," which will open in October, to the press. The exhibits include historic game consoles, game software packages, a giant controller, and an interactive shooting game area.πππ
On the second floor of the first exhibition building, iconic consoles like the "Family Computer (Famicom)" and "Nintendo DS" are showcased. The exhibits display consoles and software packages, explaining the features introduced with each device. There is also a section where visitors can look back at the history of popular series such as "Mario" and "Kirby" through gameplay footage.π€π€π€π€
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No Change in Intention to Complete U.S. Steel Acquisition by Year-Endβ
During the regular press conference of the Japan Iron and Steel Federation on the 26th, Nippon Steel President Masahiro Imai (also chairman of the Japan Iron and Steel Federation) emphasized that the company remains committed to completing the acquisition of U.S. Steel, a major U.S. steel manufacturer, by the end of the year.π₯ππππ₯
He acknowledged that the U.S. Steel acquisition remains a topic of discussion amidst the U.S. presidential election, stating, "We cannot afford to be overly optimistic."π€«π€«π€«
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Toyota Ends Olympic and Paralympic Sponsorship
On the 26th, Toyota Motor Corporation officially announced that it will not renew its top-tier sponsorship contract with the International Olympic Committee (IOC) after this summerβs Paris Olympics. Chairman Akio Toyoda made the statement through the companyβs media platform, Toyota Times. While the company will continue its direct support for athletes, it will maintain its support for the International Paralympic Committee (IPC) through the Toyota Mobility Foundation, where Toyoda serves as chairman.πππ
Regarding the decision not to renew the contract, Toyoda expressed doubts about the recent management of the Games, stating, "Is the Olympics really putting athletes first? It has also become highly political, and I began to question if this is the right approach."ππππ
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Significant Price Increase for the 30th Anniversary of the "PlayStation 5"
The Tokyo Game Show 2024, one of the largest gaming expos in the world, opened on the 26th at Makuhari Messe in Chiba City. Sony Interactive Entertainment (SIE), which is celebrating the 30th anniversary of its home gaming console "PlayStation (PS)" this year, is exhibiting for the first time in five years. The significant price increase of the PS5, with the suggested retail price raised by 13,000 yen, along with the addition of the high-end model "PS5 Pro" priced at around 120,000 yen, has sparked discussion about the rising costs of gaming consoles.π¨π¨π¨
One reason for the price hike is the weak yen; however, the price in the U.S. is $499.99, which translates to approximately 160 yen per dollar. Given the recent exchange rate, where the yen has strengthened to the mid-140 yen range per dollar, the pricing may seem somewhat inflated.π§βπ»π§βπ»π§βπ»
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The Organisation for Economic Co-operation and Development (OECD) forecasts a global economic growth rate of 3.2% for 2024.
The Organisation for Economic Co-operation and Development (OECD) released its Global Economic Outlook report on the 25th, forecasting a global real economic growth rate of 3.2% for 2024. It expects steady growth in the context of slowing inflation and increasing real incomes, revising its previous forecast from May upward by 0.1 percentage points. Japan is projected to experience negative growth of -0.1%, a sharp downward revision of 0.6 percentage points from the previous forecast.π¬π¬π¬
Japanβs economic growth in the first quarter (January to March) was affected by sluggish personal consumption. This marks the first negative growth in three years since the spread of the COVID-19 pandemic in 2020. The growth rate for 2025 is forecast to be 1.4%, an upward revision of 0.3 percentage points. The OECD believes that wage increases will have a positive effect on the economy.πππ
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In Hiroshima City, a road collapsed at an intersection.
According to Hiroshima City, at around 8:40 AM, abnormal water inflow was detected during tunneling work using a shield machine, and a few minutes later, the road collapsed, causing water to flood the surface.π₯Άπ₯Άπ₯Ά
Hiroshima City's terrain, formed on a delta, is known for its weak ground. It has long been said that building a subway or large underground complexes would be difficult. Nevertheless, some sections of the Astram Line, especially around the downtown area, have been converted into subway lines, and underground shopping areas have also been developed.π±π±π±
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Eli Lilly's New Alzheimer's Drug Approved for Manufacture and Sale in Japanβ¨
On the 24th, Japan's Ministry of Health, Labour, and Welfare approved the manufacture and sale of "Donanemab" (brand name Kisunla), a new Alzheimer's drug developed by the U.S. pharmaceutical company Eli Lilly. Donanemab is a novel treatment that works by removing "beta-amyloid" proteins, which accumulate in the brain and damage nerve cells, thereby slowing disease progression. It is the second drug of its kind, following "Lecanemab," developed by Eisai and others, which was introduced last year. The drug is expected to be covered by insurance as early as November.πππ
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Mizu Shingen Mochiππ
In Japan, the Japanese water cake, also known as Mizu Shingen Mochi (ζ°΄δΏ‘ηι€
), is a unique and visually striking dessert that originated in Japan's Yamanashi Prefecture. πππ
It was first created by the Kinseiken Seika Company and quickly gained popularity due to its unusual appearance, resembling a large, clear droplet of water.π§π§π§
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Maternal Blood PFAS Levels Affect Chromosomal Abnormalities in Children.
On September 18, 2024, the Shinshu University Eco-Child Study Koshin Unit Center and the National Institute for Environmental Studies Eco-Child Study Core Center announced a research paper on "Maternal PFAS Exposure and Chromosomal Abnormalities in Children." The study found that when the concentration of PFAS in the mother's blood was high, there was a tendency for a higher occurrence of chromosomal abnormalities in the children.π§π§π§
The investigation into the relationship between maternal blood PFAS levels during pregnancy and chromosomal abnormalities in children revealed that higher maternal blood PFAS levels were associated with a greater occurrence of chromosomal abnormalities in the children.π§βπ»π§βπ»π§βπ»
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Transplantation of a Pig Kidney into a Fetus with Severe Kidney Diseaseππππ
A team from Tokyo Medical University and other institutions is preparing to apply for approval from the university's internal committee for a clinical study involving the temporary transplantation of a pig kidney into a fetus with severe kidney disease. If discussions within the committee proceed smoothly, the team plans to submit the transplant plan to the government within the fiscal year. This initiative is part of the globally significant field of "xenotransplantation."πππ
According to the team from the university and the National Center for Child Health and Development, the candidates for transplantation are fetuses diagnosed with Potter's syndrome, a condition characterized by renal agenesis that prevents urine production. This condition is typically identified through ultrasound examinations of pregnant women, but there are currently no effective treatment options available during the fetal stage, leading to many cases of stillbirth or death shortly after birth.π₯²π₯²π₯²
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Noto Heavy Rain: 7 Dead, 2 Missingπππ
On the 23rd, heavy rains that struck northern Ishikawa Prefecture, including the Noto Peninsula, resulted in the confirmation of one more death, bringing the total number of victims to seven. According to the prefecture, two people remain missing, while the number of those whose safety is unconfirmed has decreased to four. In Wajima City, residents remain isolated, and the city is considering a group evacuation of approximately 400 people. The city has requested support from the prefecture, which has indicated its willingness to assist.π«‘π«‘π«‘
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Kioxia Postpones October IPO
It has come to light that Kioxia Holdings, a major semiconductor memory company, has decided to postpone its initial public offering (IPO), which was scheduled for October. This was revealed by three insiders, with two of them stating that the decision was made because the company judged it would not reach its target market capitalization of 1.5 trillion yen due to global adjustments in semiconductor stocks.ββββ
Kioxia had applied for listing on the Tokyo Stock Exchange in August, and according to insiders, approval was expected within the week. If it had been realized, it was expected to be the largest IPO in Japan this year.π£π£π£
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H-IIA Rocket No. 49 to Launch on the 26th After Two Delays
On September 23, Mitsubishi Heavy Industries announced that H-IIA Rocket No. 49, carrying Japan's government intelligence-gathering satellite "Radar 8," will be launched from the Tanegashima Space Center in Kagoshima Prefecture on the 26th. The scheduled launch time is between 2:24:20 PM and 2:25:21 PM. The launch was originally planned for the 11th but has been postponed twice due to unfavorable weather conditions.π«€π«€π«€π«€π«€
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SDF Helicopters Deliver Supplies to Areas Stranded by Heavy Rain in Noto
On September 23, Chief Cabinet Secretary Yoshimasa Hayashi revealed to the media at the Prime Ministerβs Office that Self-Defense Force (SDF) helicopters would deliver 10,000 food supplies and 8,000 portable toilet kits to two areas in Wajima City, Ishikawa Prefecture, where residents have been stranded due to heavy rainfall on the Noto Peninsula. According to the Ministry of Defense, the supplies have already reached the area.π«‘π«‘π«‘
In response to a request from Ishikawa Governor Hiroshi Hase, the central government has decided to send three disaster management officials from the Cabinet Office to the region starting on the 23rd. Regarding future relief efforts, Hayashi said, "We will work together with the local government to understand the needs of the affected areas and respond accordingly."ππππ
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