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Japanese Banks Raising Savings Account Interest Rates; Financial Institutions Seek New Ways to Lure Clients

  • Category:Other
JAPAN NEWS
 
 
 
Japanese banks are now raising the interest rates on their savings accounts in an increasingly heated competition for business. Interest rates on one-year fixed-term deposits have crossed the 1% line one after another, and rates on ordinary deposits continue rising.
Nearly a year...

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Seven & I To Give Bain Priority In Ito-Yokado Supermarket Spin-Off

  • Category:Other
JAPAN TODAY
 
Seven & i Holdings Co is expected to make U.S. private equity firm Bain Capital the preferred buyer for its intermediate subsidiary operating Ito-Yokado supermarket chain, a source familiar with the matter said Saturday.
The Japanese retail giant is aiming to shed its noncore operat...

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Vegetable Prices Continue Surging in Japan

  • Category:Other
JAPAN NEWS
 
Prices of vegetables and rice have been soaring in Japan due to unfavorable weather and rising production costs.
Prices of fresh vegetables in January climbed 36% year on year, with prices of cabbage and Chinese cabbage shooting up about three and two times, respectively, according c...

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Rich In Cash, Automaker Toyota Builds A City To Test Futuristic Mobility

  • Category:Other
JAPAN TODAY
 
Woven City near Mount Fuji is where Japanese automaker Toyota plans to test everyday living with robotics, artificial intelligence and autonomous zero-emissions transportation.
Daisuke Toyoda, an executive in charge of the project from the automaker's founding family, stressed it’s ...

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Nissan Shares Jump 11% On Reported Plan To Seek Tesla Investment

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JAPAN TODAY
 
Nissan shares surged 11 percent Friday after a report said a Japanese group including a former prime minister plans to ask U.S. electric vehicle giant Tesla to invest in the automaker.
The reported proposal follows the failure of Nissan's merger talks with its rival Honda, seen as a...

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First Phase of Toyota’s Next-Gen City Unveiled; Robots to Make Deliveries to Residents via Tunnel

  • Category:Other
JAPAN NEWS
 
Toyota Motor Corp. introduced the 50,000-square-meter first phase area of Woven City, a demonstration city for advanced technology being constructed in Susono, Shizuoka Prefecture, in a tour for members of the press on Saturday.
The company showed a research facility called Kakezan I...

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Japan Domestic Paper Shipments Hit 39-Year Low in 2024

  • Category:Other
NIPPON
 
Domestic shipments of paper and paperboard in 2024 dropped 2.9 pct from the previous year to 19.91 million tons, the lowest in 39 years, the Japan Paper Association said Thursday.
The drop came as newspaper publishers ended evening editions and the trend of reducing paper use in offices ...

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Almost 90% Of Japanese Companies See Trump As Bad For Business, Survey Shows

  • Category:Other
JAPAN TODAY
 
Almost nine out of 10 Japanese companies expect U.S. President Donald Trump's policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign yet of mounting worry in the United States' top foreign direct investor.
The results of the survey show how th...

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Japan, Britain To Hold Economic Talks In Tokyo In March

  • Category:Event
KYODO NEWS
 
Japan and Britain are arranging to hold a ministerial economic dialogue in Tokyo on March 7, government sources said Thursday, amid concerns over U.S. President Donald Trump's protectionist trade policies, including tariffs.
It will be their first such meeting of the economic version...

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Japan Records Trade Deficit Of ¥2.76 Trillion In January As Tariff Worries Loom

  • Category:Other
JAPAN TODAY
 
Japan recorded a trade deficit of 2.76 trillion yen in January, the Finance Ministry reported Wednesday, as worries continue to grow about looming tariffs from the administration of U.S. President Donald Trump.
Japan also had a trade deficit, which measures the value of exports minu...

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