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Japan to End Promissory Note Exchanges at Electronic System

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NIPPON
 
The Japanese Bankers Association, or Zenginkyo, plans to terminate the exchanges of promissory notes and checks at its national electronic clearing system in April 2027.
Companies and financial institutions will still remain able to exchange such financial instruments among them includin...

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Yomiuri 333 Stock Index Launched, Closes at 35,507.74

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JAPAN NEWS
 
The Yomiuri Shimbun began publishing the Yomiuri Stock Index (Yomiuri 333) on Monday. The closing price on the first day was 35,507.74, a fall of 155.90 points from Friday.
The proportion of stocks that fell in price on the Tokyo Stock Exchange’s Prime Market, where the majority of t...

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Japan Household Assets Total ¥2,230 Trillion At End Of December On Rising Stocks

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JAPAN TODAY
 
Household assets in Japan totaled 2,230 trillion yen ($15 trillion) at the end of December, growing 4.0 percent from a year earlier to a new record on rising stock prices, Bank of Japan data showed Friday.
Assets were boosted by investment trusts that jumped 27.4 percent to 136 tril...

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Trump Tariffs To Hit Japan's Domestic Auto Output: Industry Head

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JAPAN TODAY
 
U.S. President Donald Trump's proposed tariff hike on vehicle imports from April will likely lead to fewer Japanese exports and reduced domestic production, the head of the country's auto industry body said Wednesday.
If the planned tariffs are imposed, "significant domestic product...

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Japan Consortium Sets Targets for Use of Recycled Plastic in New Cars; Aims for Compliance with Draft EU Regulation

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JAPAN NEWS
 
A consortium formed by representatives of industry, government and academia has set a target of using over 15% recycled plastic in the production of cars in Japan in 2031, and over 20% from 2036, it has been learned.
The goal is to encourage the domestic recycling of plastics from th...

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Japan Rice Price to Wholesalers Hits Another High in Feb.

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NIPPON
 
The average sales price of Japan's 2024 rice crop to wholesalers hit a record high for the sixth straight month in February, the agriculture ministry said Wednesday.
The average price stood at 26,485 yen per 60 kilograms, up 73 pct from a year before and 2 pct from a month before. It is ...

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Bank Of Japan Keeps Rates Steady As Trump Tariffs Cast A Shadow Over Economic Outlook

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CNBC
 
Key PointsJapan’s central bank kept its key policy rate steady at 0.5% at Wednesday’s conclusion of a two-day meeting.The move, which was in line with market expectations, comes ahead of the U.S. Federal Reserve’s policy meeting, where the central bank is expected to keep its benchmark int...

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Nikkei Average Briefly Retakes 38,000 in Morning Trade

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JAPAN NEWS
 
The Nikkei 225 stock average retook 38,000 at one point in Tokyo trading on Tuesday morning, helped by overnight gains in U.S. stocks.
The key Japanese index finished the morning session at 37,943.23, up 546.71 points, or 1.46 pct, from Monday, after crossing the 38,000 threshold for...

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Massive Cold Warehouse Built In Japan Amid Demand For Frozen Food

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KYODO NEWS
 
One of Japan's largest cold storage warehouses has been built in Kobe, a major international port and key distribution hub in the west, amid growing demand for frozen food, a logistics business operator said Monday.
GLP Japan Inc. unveiled a five-story facility with about 46,000 squa...

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Couche-Tard Not Considering Hostile Takeover Of Seven & I: Chairman

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JAPAN TODAY
 
Canada's Alimentation Couche-Tard Inc, the operator of Circle K convenience stores, said Thursday that its discussions with Seven & i Holdings Co to acquire the Japanese rival have been "friendly" and that it is not considering a hostile takeover.
At a press conference, the first he...

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