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Ride-Sharing Services Start in Tokyo; Kanagawa, Aichi, Kyoto, Others To Follow Suit

  • Category:Other
JAPAN NEWS
 
Ride-sharing services kicked off in Tokyo on Monday. Individuals who have employment contracts with the taxi companies managing the services began offering paid rides using private vehicles.
A ceremony in Edogawa Ward, Tokyo, marked the occasion before the ride-sharing vehicles — spo...

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BOJ To Cut Monetary Stimulus If Inflation Trend Nears 2%: Ueda

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JAPAN TODAY
 
Bank of Japan chief Kazuo Ueda said Tuesday the central bank will further reduce monetary stimulus if the country's basic inflation rate nears 2 percent as expected.
Ueda told a parliamentary session that the BOJ will examine upcoming data to confirm the strength of wage growth in l...

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Why Japan Is Not Giving Up On U.S. Steel Deal

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JAPAN NEWS
 
 
 
Days after U.S. President Joe Biden joined his election rival Donald Trump in voicing concern about a Japanese purchase of U.S. Steel, the manufacturer began touting the benefits of the deal on billboards near its factories from Alabama to Pennsylvania.
The billboards may be the ...

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Japan Launches Ride-Hailing Services In Tokyo, Other Areas To Follow

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KYODO NEWS
 
Japan on Monday launched ride-hailing services in Tokyo, with other areas across the country to follow suit in a bid to address a nationwide shortage of taxi drivers.
The country partially lifted a ban on the services earlier this month, allowing drivers with a standard license to of...

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Bank of Japan Governor Lauded For Smooth Policy Change; Future Interest Rate Hikes to be Focus of Attention

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JAPAN NEWS
 
Tuesday will mark one year since Bank of Japan Gov. Kazuo Ueda took office. Market players have praised his skill in ending 11 years of massive monetary easing, but the key point of this exit is still to come. The next move, including additional interest rate hikes, will be a focus o...

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New Japanese Whisky Rules Aim To Deter Imposters

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JAPAN TODAY
 
Japanese whisky is world-famous, often eye-wateringly expensive, and as of Monday are more strictly defined in an industry push to deter foreign-made imposters.
Overseas demand has soared in recent years for the country's acclaimed whiskies, sending prices sky-high, especially for t...

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Ohtani Hits First Home Run For Dodgers In 5-4 Win Over Giants

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JAPAN TODAY
 
Shohei Ohtani hit his first home run for the Los Angeles Dodgers, a solo drive in the seventh inning in a 5-4 win over the San Francisco Giants on Wednesday night that finished a three-game sweep.
Playing his ninth game for his new team, Ohtani pulled a 93.2 mph sinker from left-han...

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OpenAI to Launch 1st Asian Base in Tokyo

  • Category:Other
JAPAN NEWS
 
OpenAI, the developer of generative artificial intelligence tool ChatGPT, will launch its first Asian base in Tokyo this month, it was learned Monday.
The U.S. company plans to establish a Japanese unit to provide services for corporate clients, while hoping to participate in the cre...

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Ride-sharing Services Kick Off in 4 Prefectures This Month

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JAPAN NEWS
 
Ride-sharing services were set to begin in some districts in Tokyo and three other prefectures this month under the management of taxi companies.
The services were to be rolled out during the first month of fiscal 2024 in parts of the four prefectures, which also include Kanagawa, Ai...

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Japanese Businesses Brace For Life With Interest Rates

  • Category:Other
JAPAN TODAY
 
In the coming years, Satoaki Kanoh needs to replace almost a dozen aging machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive.
"Ideally, I'd like to do one a year. But I don't have that much money," Kanoh said of th...

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