News On Japan

Air Nippon Airways launches NFTs marketplace

The NFT marketplace is part of the airline’s ongoing forays in trying to connect airlines with Web3

May 31, 2023 (coinjournal.net) - The largest airline in Japan, Air Nippon Airways (ANA), has today launched an aeronautical-themed non-fungible tokens (NFTs) marketplace with its subsidiary ANA Neo.

The development of ANA Neo’s GranWhale marketplace started in August 2023 as a virtual travel platform that promised to use “technology, including VR, to recreate the destinations and cultures of the world” in the form of metaverse parks.

The new NFT marketplace is dubbed “ANA GranWhale NFT Marketplace” and it will feature an inaugural NFT collection created by aerial photographer Luke Ozawa. ...continue reading

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[updated 10:30 a.m.] Airlines, railways and expressway operators are urging travelers across Japan to check the latest schedules before leaving on June 2nd as Typhoon No. 6 moves north toward Kyushu after passing Okinawa and Amami, with hundreds of flights canceled, the Tokaido Shinkansen facing the risk of sudden suspensions, and heavy rain expected to spread across western and central Japan through June 3rd.
Japan Airlines and All Nippon Airways have canceled a combined 237 domestic flights on June 2nd, mainly on routes serving Kyushu, Shikoku and areas affected by the typhoon, disrupting travel for around 14,000 passengers.

[updated 08:30 a.m.] Typhoon No. 6 continued to move north-northeast near Amami on the morning of June 2nd while maintaining its strength, with part of the Amami region still inside the storm-force wind zone and authorities warning that violent winds, torrential rain, power outages and transport disruption could spread toward mainland Kagoshima, Kyushu, Shikoku, Kinki, Tokai and Kanto through June 3rd.

Japanese Prime Minister Sanae Takaichi held a telephone conversation with Iranian President Masoud Pezeshkian on June 1st, urging Iran to demonstrate maximum flexibility in its ongoing discussions with the United States and expressing hope that an agreement on the nuclear issue can be reached as soon as possible.

Defense Minister Shinjiro Koizumi strongly rejected accusations that Japan is embracing "new militarism," describing such claims as false while delivering a speech at a major regional security conference in Singapore on May 31st.

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.

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The Japan Housing Finance Agency announced on June 1st the interest rates that will apply in June for Flat 35, Japan’s long-term fixed-rate housing loan program.

ENEOS Holdings, Japan's largest oil refiner, is accelerating its push overseas as it seeks to raise the share of revenue generated outside Japan from roughly 20% today to 50% in the future, according to President Tomohide Miyata, who outlined the company's growth strategy in an extended interview that was not fully aired on TV Tokyo's World Business Satellite (WBS).

SoftBank Group announced on May 31st that it will build a data center in France dedicated to artificial intelligence (AI), with total investment potentially reaching approximately 14 trillion yen.

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.