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Toyota to launch 10 new EV models by 2026

Apr 08, 2023 (NHK) - Toyota Motor has unveiled its new strategy for electric vehicles. The auto giant says it now aims to introduce 10 new models by 2026 and sell 1.5 million units a year.

New president Sato Koji unveiled the plan on Friday alongside other Toyota executives. He took office earlier this month.

The company says it will also set up a new specialized unit for the development and production of next-generation EVs.

Toyota has already announced plans to introduce 30 EV models worldwide and to sell 3.5 million EV units annually by 2030.

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Typhoon No. 6 continued to strengthen while moving northward south of Okinawa as of 3 p.m. on May 31st, with forecasters warning of severe weather in Okinawa and heavy rain across large parts of Japan in the coming days. The typhoon is expected to make its closest approach to Okinawa's main island on the night of June 1st, bringing powerful winds, torrential rain, high waves, and rough seas.

A series of false bear sighting reports posted to an online alert system operated by Aomori Prefecture has disrupted schools, prompted a police investigation, and raised concerns about the growing impact of misinformation on public safety.

A social media dispute between a 17-year-old high school student from Tokyo's Itabashi Ward and a 16-year-old boy from Edogawa Ward escalated into a planned group fight involving around 30 youths, some of whom allegedly brought weapons including a rusty saw, iron pipes, a special baton and even a shovel.

Japan's population stood at 123.05 million in 2025, according to preliminary results from the national census released by the Ministry of Internal Affairs and Communications, marking a decline of 3.097 million people over the past five years.

Volleyball player Shunichiro Sato, a member of Japan’s men’s national team, was arrested by the Tokyo Metropolitan Police Department on suspicion of possessing marijuana after allegedly leaving a bag containing the drug at a pachinko parlor in Tokyo.

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Japan's restaurant industry is facing growing uncertainty after the government suspended the acceptance of new foreign workers under the Specified Skilled Worker visa program for the food service sector, a move that is affecting businesses, language schools, and students who had hoped to build careers in Japan.

As soaring valuations in AI and semiconductor stocks prompt concerns about concentration risk, market analysts are increasingly pointing to energy shares as a potential alternative investment theme in an inflationary environment.

Toyota Motor has decided to halt development of the LF-ZC, a next-generation electric vehicle planned under its Lexus luxury brand, according to sources familiar with the matter.

Fixed-rate mortgage costs in Japan are set to rise again in June as the country's five major banks increase home loan rates in response to higher long-term interest rates, with their flagship 10-year fixed-rate mortgages rising to preferential rates of 3.27% at Mitsubishi UFJ Bank, 3.5% at Sumitomo Mitsui Banking Corporation, and 3.25% at Mizuho Bank.

Japan is facing a growing transportation dilemma. While a record number of foreign visitors in 2025 has fueled congestion and traffic jams in major cities and tourist destinations, many rural communities are grappling with the opposite problem: shrinking populations and aging residents are making it increasingly difficult to maintain public transportation services.

Born with osteogenesis imperfecta, a rare disorder that makes bones fragile and prone to fractures, Toshiya Kakiuchi built a company with a mission to transform both the physical and emotional barriers faced by people with disabilities.

Finland is positioning economic resilience as a core pillar of national security, with Finnish Economic Affairs Minister Sakari Puisto emphasizing closer cooperation with Japan in advanced technologies, supply chain security and dual-use industries during a recent visit to Tokyo.

Bank of Japan Governor Kazuo Ueda said on May 27th that Japan's economy is facing an "oil price shock" as tensions in the Middle East drive up crude oil prices, speaking at an international conference hosted by the central bank.