Kyotoโs National Place of Scenic Beauty, โTairyusan-so Garden,โ Opens to the Public This Autumn
On the 13th, the nationally designated Place of Scenic Beauty, โTairyusan-so Gardenโ (located in Sakyo Ward, Kyoto City), designed by Jihei Ogawa VII, a pioneer of modern Japanese garden design, was opened to the press.๐๐๐
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.๐ฅ๐ฅ๐ฅ
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Nissan Shares Likely Acquired by Former Murakami Fund Group
It was revealed on November 12 that Nissan Motorโs 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.๐๐๐
In the Tokyo stock market on November 12, Nissanโs stock price surged, briefly rising 76 yen (20.6%) from the previous dayโs closing price to reach 444.60 yen.๐๐๐
The major shareholder listed is โSantera (Cayman) Limited as Trustee of ECM Master Fund,โ which is noted by market participants as being related to Effissimo Capital Management, a firm associated with the former Murakami Fund group.๐ฅ๐ฅ๐ฅ
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Ticket Store Manager Near Osaka Station Arrested๐ซ
Osaka Prefectural Police announced on the 12th that they had arrested Yoshihiro Furo, the manager of the โTicket Japan Osaka Ekimae Dai-3 Buildingโ 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, โThere was an unusually large number of tickets being sold, so I thought it was suspicious.โ๐๐๐๐
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.๐ฎ๐ฎ๐ฎ
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Kanji Characters Found on Meiji Shrine Torii Gate; Police Investigating on Suspicion of Property Damage๐
On the 11th, interviews with Tokyo Metropolitan Police Departmentโs 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.๐ฎ๐ฎ๐ฎ
According to the police and Meiji Shrine officials, the damaged gate is the 12-meter-tall wooden โGreat Toriiโ (the second torii) located on the main approach to the shrine. On the 10th, a patrolling staff member noticed several carved characters resembling โๅผตโ and โๆฝคโ about a meter above ground on the gateโs pillar and reported it to the police. A damage report has been filed.๐๐๐
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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. Lukeโs International Hospital in Chuo Ward, Tokyo. He explained that there has been no significant change since the weekend, noting that โthe functions of her heart and kidneys are gradually declining, and her consciousness remains low.โ๐๐๐
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.๐๐๐
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A Western-Style Orphanage from the Meiji Era Revived as a Hotel๐
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 (1868โ1912) 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 13.๐๐๐
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Arrests Made in Osakaโs Entertainment District Matsushima Shinchi Amid Expo-Related Crackdown Effortsโ ๏ธ
On November 5, Osaka Prefectural Police rearrested Chishiro Okuda, a 31-year-old manager of a restaurant in Osakaโs 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 โShinchiโ district that further crackdowns may continue as the World Expo approaches.๐ข๐ข๐ข
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Japan Spent 3.16 Trillion Yen on Currency Intervention on July 11๐ธ
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.๐๐๐
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Kyotoโs Year-End Tradition: โManeki-gakiโ Unveiled Ahead of Minami-za Kabuki Performances
On the 8th, the traditional maneki-gakiโsignboards bearing the names of actors performing in the year-end Kabuki event, the โKolei Kaomise Kogyo,โ at Kyotoโs Minami-za theaterโwere unveiled to the press at Myodenji Temple.๐๏ธ๐๏ธ๐๏ธ
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.๐ฎ๐ฎ๐ฎ๐ฎ
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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.๐ฎ๐ฎ๐ฎ
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 2013.๐คฆโโ๏ธ๐คฆโโ๏ธ๐คฆโโ๏ธ
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No Tsunami Impact on Japan from Major Eruption of Indonesiaโs Mount Lewotobi
On the afternoon of the 7th (Japan time), Japanโs 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 Indonesiaโs 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.โ๏ธโ๏ธโ๏ธ
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Mount Fuji Finally Sees Its Iconic First Snow of the SeasonโA 130-Year Record for the Latest Snowfall
On November 7, Mount Fuji experienced its first snowcap of the season, marking the latest snowfall in 130 years. The Kofu Local Meteorological Observatory, responsible for the annual announcement, confirmed that Japanโs highest peak had accumulated snow at 6:15 a.m. through visual observation. Previously, the latest snowfall was recorded on October 26 in both 1955 and 2016. Records began in 1894. On average, Mount Fujiโs first snow occurs on October 2; last year, it was observed on October 5.๐๐๐๐
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Passengers adorned in golden autumn leaves board the nighttime train in Kyoto.๐
As a limited-time nighttime experience, the railway operator is taking tourists through a tunnel of illuminated golden maple leaves. Along approximately 250 meters of track between Ichihara and Ninose stations on the Eizan Electric Railwayโs Kurama Line in northern Kyoto, about 280 maple trees have been planted. To let passengers fully enjoy the beauty of the autumn foliage, the train turns off its interior lights and travels slowly. The maple trees are illuminated from sunset until 9 p.m. through November 24.๐๐๐
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Wall Street Declines Ahead of U.S. Presidential Election, Asian Stocks Mostly Rise๐๐๐
With the U.S. presidential election set for the next day, U.S. stock indices fell, leading to mostly upward movement in Asian markets early Tuesday, where major indices rose by more than 1%. This week brings a range of potential market triggers, including the U.S. election. However, with officials needing time to tally all votes, results may be delayed, which could cause market uncertainty and volatility.๐๐๐
Later this week, the Federal Reserve is also scheduled to hold a meeting regarding interest rates, adding further potential for market fluctuations. Expectations are growing that the Fed may implement a second consecutive rate cut.โผ๏ธโผ๏ธโผ๏ธ
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โJumbo Taxiโ as a Way to Tour Temples in Southern Kyoto
Though not as widely known as Kyoto, Kizugawa City is home to many historical temples and sites, including six national treasures and 46 important cultural properties. This historical significance stems from Emperor Shomu establishing Kuni-kyo as Japanโs capital in 740, making Kizugawa a political center of Japan.โญ๏ธโญ๏ธโญ๏ธ
To meet the needs of tourists, the Kyoto Tea DMO, based in Uji City, has launched a โJumbo Taxiโ service. Available by reservation only on weekends and holidays through November 30, this nine-seater taxi departs from JR Kizu Station and tours various city sites.๐๐๐
Notable temples include Joruriji, known for its nine wooden seated statues of Amida Buddha from the Heian period (794-1185) and designated as a national treasure, as well as Kaijusenji, which features a five-story pagoda built during the Kamakura period (1185-1333) and also designated a national treasure.๐๐๐
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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 91.๐งธ๐งธ๐งธ
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 Bunrakuโs popularity. In 1994, he was designated a holder of Important Intangible Cultural Properties, earning the title of Living National Treasure.๐๐๐
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Long-Term Interest Rate Rises to 1.005% as Yen Depreciates, Increasing Expectations for Additional BOJ Rate Hike๐
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%.๐๐๐
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.โก๏ธโก๏ธโก๏ธ
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SoftBank Groupโs 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.๐๐๐
The โSoftBank Vision Fund,โ 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.๐ค๐ค๐ค
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Celebrating the 30th Anniversary of the Manga โCoji-Cojiโ with an Immersive Event Experience๐ฅ
In 2024, the manga โCoji-Cojiโ 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, โCoji-Cojiโ remains a beloved work. To mark this 30th anniversary, the interactive exhibition event โCOJI-COJI THE NONSENSE WORLDโ will invite fans to step into the enchanting world of โCoji-Coji.โ Come visit and immerse yourself in the magical world where Coji-Coji awaits!๐ฅ๐ฅ๐ฅ
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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.๐คฆโโ๏ธ๐คฆโโ๏ธ๐คฆโโ๏ธ
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.๐ฑ๐ฑ๐ฑ
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Japanโs ace pitcher, Roki Sasaki, could join an MLB team this offseason.โพ๏ธ
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 contractโs value.๐ฅณ๐ฅณ๐ฅณ
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Kioxia, a semiconductor manufacturer, applies for IPO, aiming for December according to sources๐
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 Japanโs new rules, which allow companies to negotiate with potential IPO investors before receiving listing approval from the Tokyo Stock Exchange.๐๐๐
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RIKEN Team Collaborates on Development of Photonic Quantum Computer๐
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 8.๐๐๐
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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.๐๐๐
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 eventโs welcoming and release ceremony at sea, red sea bream, kuruma shrimp, and yellowtail were released, and around 510 fishing boats participated in a parade.๐๐๐
In 2018, Their Majesties, then Crown Prince and Crown Princess, visited Oita and attended the 33rd National Cultural Festival โOita 2018โ and the 18th National Arts and Culture Festival for Persons with Disabilities in Oita.๐๐๐
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The โAmerica Firstโ policy is causing significant concern for Japanese companies.
Following Donald Trumpโs victory in the U.S. presidential election, emphasizing his โAmerica Firstโ agenda, Japanโs 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. Steelโs headquarters and plants are located in Pennsylvania, a key swing state that contributed to Trumpโs electoral victory. The state is also home to the United Steelworkers (USW) and other labor unions that oppose the acquisition.๐ฌ๐ฌ๐ฌ
Trump, who has publicly criticized this acquisition, vowed to block the deal if he won the election.โโโ
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U.S. Travel Magazine Names Tokyo the Worldโs Best Major City๐
Tokyo officials were thrilled as a major American travel magazine selected Japanโs capital as the worldโs best major city. According to the Tokyo Metropolitan Government, Tokyo received 575,048 votes in Condรฉ Nast Travelerโs 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. Condรฉ 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.โจโจโจโจโจ
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Japan Prepares for Trade and Security Pressure Under โTrump 2.0โ๐ด
Prime Minister Shigeru Ishiba extended his congratulations to U.S. President-elect Donald Trump, as Tokyo begins preparations for a second โAmerica Firstโ administration. The Ministry of Foreign Affairs is planning a meeting between Prime Minister Ishiba and President Trump in the United States following the G20 Summit, which will be held in Brazil on the 18th and 19th. Japanese officials anticipate increased pressure from the Trump administration, particularly in trade and national security policy. A key election promise from President Trump is to impose a 10โ20% tariff on all imports to the United States.๐๐๐๐
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โTori Gate in the Skyโ Draws Tens of Thousands to Kanโonji City
This city on the coast of the Seto Inland Sea is famous for Kannon-ji and Jinnei-in, the 68th site on the Shikoku Pilgrimage. It is also home to Ariake Beach, a 2-kilometer stretch of sand once known as โthe best beach in the East,โ which attracts many visitors during the summer.๐๐๐
Kanโonji City now has a new attraction: the โTori Gate in the Skyโ at the main shrine of Takaya Shrine, located atop Mt. Inazumi at an elevation of 404 meters. After a 1.5-kilometer trail from the lower shrine at the mountainโs base, it takes about 50 minutes on foot to reach this white stone gate. At the top of 270 stone steps, the torii gate awaits.โฉ๏ธโฉ๏ธโฉ๏ธ
From the main shrine, visitors are greeted with a stunning view of the torii set against the clear blue waters of the Seto Inland Sea and the cityscape stretching below.๐๐
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Body Found Off Wakayama Coast Confirmed to Be Missing German National๐ญ
Wakayama Prefectural Police announced on November 5 that the body found off the coast of Kada District, Wakayama City, has been identified as 21-year-old German exchange student Claudio Worm, who had been reported missing. Due to the advanced state of decomposition, the cause of death remains unknown even after forensic examination. Police are investigating the case from both criminal and accidental perspectives. Worm arrived in Japan for sightseeing on September 21 and reached Wakayama Prefecture on the 30th.๐ฑ๐ฑ๐ฑ
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Long-Term Interest Rate Falls to 0.930% as U.S. Rate Decline Spurs Buying of Japanese Government Bonds๐ฏ
On November 5, following the holiday weekend, Japanโs government bond market saw the yield on the newly issued 10-year bond (376th issue, coupon rate of 0.9%), a key indicator of long-term interest rates, close at 0.930%, down 0.010% from the previous weekโs close. The decline in U.S. long-term interest rates the previous day influenced this trend, leading to buying in Japanese government bonds and a drop in yields. The December 10-year government bond futures, the main contract on the Osaka Exchange, rose by 11 sen to 144 yen and 27 sen.๐๐๐
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