News On Japan
Business | 2

Mazda, the automaker synonymous with Hiroshima — a prefecture of 2.7 million people — is fighting to reinvent itself from within as the global automobile industry undergoes a once-in-a-century transformation. The company is launching a five-year internal reform to reshape its corporate culture and stay competitive amid the global shift to electric and eco-friendly vehicles.

Osaka is grappling with a wave of confusion and last-minute activity after announcing it would halt new approvals for special “minpaku” short-term rental properties in response to mounting complaints over noise and garbage. One week after the policy shift, application counters are fully booked, with wait times stretching to two months.

Fender, the US-based instrument maker, unveiled its first collaboration guitar with Godzilla on October 9 in Tokyo, featuring a special-edition “Godzilla Guitar” capable of reproducing the monster’s iconic roar.

Sumitomo Life Insurance has reported that around 80% of households in Japan are being impacted by rising prices, with monthly living costs now about 9,600 yen higher than a year ago. The findings come from the company’s latest survey on household finances, which shows that inflation is putting significant pressure on family budgets.

Four former executives of Alts, an AI development company previously listed on the Tokyo Stock Exchange’s Growth Market, were arrested on October 9 on suspicion of falsifying financial statements.

The intersection of modern interior design and real estate has become increasingly significant in recent years, fundamentally transforming how properties are valued, marketed, and sold.

Nissan, currently in the midst of rebuilding its business, has unveiled a new model of its world-first mass-produced electric vehicle, the Leaf, as part of efforts to revive the company’s fortunes. The automaker will begin domestic sales of the third-generation Leaf on October 17th.

Prices continue to squeeze businesses across Japan, with the number of bankruptcies caused by rising costs reaching a record 488 cases in the first half of this fiscal year, according to data compiled by Teikoku Databank.