Consumer prices in Japan rose by an average of 2.7% in fiscal 2024, marking the third consecutive year of inflation above 2%—a stretch not seen since the bubble economy era. But despite similar inflation figures, consumer sentiment today is far less optimistic.
Transportation of a 150-meter railway rail—the longest in the world—manufactured at a steelworks in Kitakyushu City, began on April 18th. The rail will be delivered to Hokkaido over the course of about four days for use in the Hokkaido Shinkansen extension project.
A factory that converts discarded tempura oil into jet fuel using a world-first method has officially begun full-scale operations in Tahara City, Aichi Prefecture.
A groundbreaking ceremony was held on April 15th in Tomakomai, Hokkaido, for one of Japan's largest data centers, which is scheduled for completion in fiscal 2026.
Rice prices in Japan have surged dramatically, with 5-kilogram bags now commonly priced in the 3,000 to 4,000 yen range and in some cases exceeding 6,000 yen including tax. This price surge has caught consumers off guard, and supermarkets are experiencing both high prices and shortages.
Nissan’s new president, 46-year-old Ivan Espinosa, may symbolize change for the struggling automaker. However, his appointment raises eyebrows: Espinosa previously served as head of product planning—a role directly tied to the decline in the company’s brand appeal.
While the purpose of World Expositions has evolved over time, the 2020 Dubai Expo hosted 98 business events, drawing over 25,000 participants from more than 130 countries, both in-person and online. Events covered themes like space and medicine, offering opportunities for companies to hold negotiations.
Mitsubishi Motors has suspended shipments of new vehicles to its dealerships in the United States, citing uncertainty over the impact of new U.S. tariffs on imported cars imposed by the Trump administration.