Mitsubishi to Become World’s No. 2 Salmon Producer

TOKYO, Jul 18 (News On Japan) - Mitsubishi Corporation has announced plans to acquire part of Norway’s Grieg Seafood, investing approximately 150 billion yen in the deal. The Japanese trading house already owns Cermaq, the world’s fourth-largest salmon farming company, and expects the acquisition to boost its annual production from around 200,000 tons to 250,000 tons—elevating it to the second-largest producer globally.

With global demand for salmon rising amid population growth and changing dietary habits, Mitsubishi aims to expand its production capacity to secure a stronger position in the market.

Source: テレ東BIZ

Father Says He Killed Son After Driving Him To School

The father arrested in connection with the abandonment of his son's body in Nantan, Kyoto Prefecture, has told investigators he killed the boy at another location after driving him toward elementary school, according to sources familiar with the investigation.

Typhoon No. 4 Moves North Southeast of Ogasawara Islands

On April 18, Large Typhoon No. 4 (Sinlaku) was moving north over waters southeast of the Ogasawara Islands, bringing a risk of high waves, swells and strong winds to surrounding areas as it was expected to gain speed and gradually turn northeast, moving farther away from the islands in the coming days.

Nagano Rocked by Successive Strong Quakes

A series of earthquakes struck northern Nagano Prefecture, with the strongest registering upper 5 on Japan's seismic intensity scale.

Father Admits Killing and Body Abandonment in Kyoto

Police investigating the death of an 11-year-old boy whose body was found in a forest in Kyoto Prefecture believe his father moved the remains between several locations over a number of days in an apparent attempt to conceal the crime.

Strong Typhoon Raises High Surf Risk for Pacific Areas of Japan This Weekend

A large and powerful Typhoon No. 4, internationally named Sinlaku, was located near the Mariana Islands and moving north-northeast as of the latest update. The storm is expected to gradually shift its course eastward and pass southeast of the Ogasawara Islands around April 18, before making its closest approach around April 19.

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MORE Business NEWS

Japan Homes May Rise 30%

A shortage of naphtha, a key petrochemical feedstock used in a wide range of products, is pushing up the cost of housing materials in Japan and raising concerns that home prices could climb by as much as 30%.

What You Can Do to Avoid Legal Problems in Business

Running a business with integrity and good values is the highest road most owners strive to be on. However, sometimes being good isn’t enough to spare you from legal trouble.

TOTO to Resume Orders for Unit Baths from April 20

TOTO said on April 16 that it will gradually resume new orders for its unit bath products from April 20 after securing a clearer outlook for raw material procurement.

Theme Parks Bet on 25th Anniversary Year

Tokyo’s and Osaka’s flagship theme parks are both marking their 25th anniversaries this year, raising expectations that milestone celebrations could provide a boost to visitor numbers and earnings.

42 Japan-Linked Ships Remain Stranded in Persian Gulf

As tensions in the Middle East continue, 42 vessels linked to Japan remain stranded in the Persian Gulf, raising concerns over supply chains for naphtha, a key raw material used in plastics and coatings, with manufacturers warning that prolonged disruptions could drive up prices for everyday goods and housing materials.

Japan Painting Association Warns of Shortages

The Japan Painting Contractors Association has requested the government to secure stable supplies of materials, warning that concerns over shortages of paint and thinner derived from naphtha have become increasingly severe.

Japan Long-Term Interest Rates Hit 29-Year High

Crude oil futures surged sharply as concerns over supply disruptions intensified amid renewed uncertainty surrounding the situation in Iran, pushing prices above $105 per barrel on April 12th and driving Japan long-term interest rates—represented by the benchmark 10-year government bond yield—to their highest levels in nearly three decades.

BOJ Governor Ueda Warns of Rising Oil Prices

Bank of Japan Governor Kazuo Ueda warned on April 14th that rising crude oil prices driven by escalating tensions in the Middle East could act as a drag on Japan’s economy, signaling growing concern within the central bank over external cost pressures.

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