Hagibis damage to agriculture reaches 57 bil. yen
NHK -- Oct 20
The Japanese government says Typhoon Hagibis' damage to farming, forestry and fisheries has reached 57 billion yen, or about 527 million dollars.

Officials at the Ministry of Agriculture, Forestry and Fisheries say the total covers damage reported as of noon on Saturday in 35 prefectures.

Damage to agricultural facilities, such as warehouses and drains, amounted to about 224 million dollars. The figure for rice, apples, and other farm produce was around 57 million dollars.

Landslides that destroyed forest roads caused about 95 million dollars' worth of damage.

But the figure is not known for several prefectures where the typhoon caused flooding of rivers.

The ministry says the typhoon damaged apple orchards and rice paddies in Nagano that were flooded when the Chikuma River overflowed its banks.

Rice fields near the Naka River in Ibaraki Prefecture are reported to have sustained substantial damage.

Rice farmers around the Abukuma River in Fukushima Prefecture had harvested only about half of their crop before Hagibis caused the river to flow over its embankments.

The total damage is expected to rise.

News source: NHK
Nov 20
Japanese retailers are gearing up for Black Friday sales this week, including an initial foray by Amazon Japan, hoping the event will give consumer spending a much-needed shot in the arm after last month's consumption tax increase. (Nikkei)
Nov 20
Japan and South Korea have failed to hammer out their differences over Japan's export controls in the second round of bilateral talks at the World Trade Organization. (NHK)
Nov 17
Japan is one of the few countries where a weaker currency is good for the stock market, but a closer look reveals the long-term consequences of this reliance at a time when companies need to invest abroad for growth. (Nikkei)
Nov 15
Japan's economic professors frequently draw on a common saying as a metaphor to teach students about diminishing returns: The first beer of the night is incredibly satisfying, the second one not as much. (Nikkei)
Nov 15
Convenience store operator FamilyMart Co said Thursday it will allow its franchise owners across Japan to shorten operating hours from March in a bid to address a severe labor shortage during late-night hours. (Japan Today)
Nov 14
Japanese fashion group Fast Retailing Co Ltd, owner of clothing chain Uniqlo, on Wednesday said it has partnered two robotics startups to help improve efficiency in warehousing and distribution. (Japan Today)
Nov 14
Undeterred by a huge loss on U.S. office-sharing platform WeWork, SoftBank Group CEO Masayoshi Son has set his sights on a new big plan: building a sweeping online ecosystem akin to China's Alibaba Group Holding. (Nikkei)
Nov 14
Yahoo Japan under Softbank Group and messaging app Line are negotiating toward a tie-up, according to sources close to the matter. (NHK)
Nov 08
The season's first haul of snow crabs, a winter delicacy, has fetched record prices at a port in western Japan. (NHK)
Nov 07
SoftBank Group CEO Masayoshi Son said Wednesday he made a "poor" decision investing in U.S. office sharing company WeWork at a $47 billion valuation, which led to the worst financial performance in the company's history. (Nikkei)