News On Japan

Japan's JR West to switch all diesel trains to biofuel around 2030

Jan 13, 2023 (Nikkei) - West Japan Railway, known as JR West, plans to introduce biofuel in all its diesel trains, which operate mainly on local lines, by around 2030, a move that will reduce carbon dioxide emissions on nonelectrified sections, which account for nearly 40% of the company's lines excluding bullet train lines.

The move comes as Japan's railway companies, including East Japan Railway (JR East), accelerate the decarbonization of their operations. However, the cost of the new fuel, which is higher than that of diesel made from petroleum, will be a challenge for the company as the profitability of local lines deteriorates.

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Two typhoons south of Japan are expected to bring heavy rain over a wide area before either system makes a direct approach, with Typhoon No. 7, Mekkhala, forecast to near Okinawa and the Sakishima Islands from June 25 and some areas facing total rainfall of 300 to 500 millimeters, or locally more than 500 millimeters.

Rice field art depicting Los Angeles Dodgers star Shohei Ohtani and his dog Decoy is nearing its best viewing period in Oshu, Iwate Prefecture, Ohtani’s hometown.

The sale of religious corporations that operate temples and shrines across Japan is drawing growing scrutiny from authorities, who fear the transactions could be used for tax evasion and money laundering, as brokers openly advertise properties and corporate status for tens or even hundreds of millions of yen.

Nine Japanese nationals were among 17 people detained in Laos on suspicion of involvement in a special fraud operation, while Japanese authorities have sought cooperation from Cambodian police over dozens of Japanese citizens believed to have gone missing after traveling to Cambodia.

Japan will begin a new system on June 23 to sell paint and thinner directly from manufacturers to construction firms and other businesses, aiming to ease supply bottlenecks and curb price increases as worsening conditions in the Middle East make such materials harder to obtain.

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The Nikkei Stock Average fell for a second straight session in Tokyo as investors locked in profits from a rapid rally in artificial intelligence and semiconductor-related shares, briefly sending the benchmark down more than 1,300 yen before bargain hunting helped it recover part of the loss.

Imabari Shipbuilding, Kawasaki Heavy Industries, and Namura Shipbuilding are aiming to resume construction of liquefied natural gas carriers around 2035, as Japan’s shipbuilding industry looks for a path to recovery after losing much of the global market to lower-cost rivals in South Korea and China.

Finance Minister Katayama held online talks with U.S. Treasury Secretary Scott Bessent as the yen approached its weakest level in about 39 years, with the two sides believed to have discussed possible responses, including foreign exchange intervention.

Every year, thousands of people save money by buying through the Japanese auction process. But many do not realize they've paid too much until the vehicle arrives.

Tokyo stocks surged at the start of the week, with the Nikkei Stock Average closing above 72,000 for the first time and extending its record-setting streak to a sixth consecutive trading day.

Sugar prices are on a firmer upward trend as concerns grow over the impact of Middle East tensions and the weaker yen, raising the prospect of further cost pressure on confectionery and other food products.

The Bank of Japan's decision on June 16 to raise its policy interest rate to 1%, the highest level in roughly 30 years, is expected to increase annual net burdens by more than 20,000 yen for households in their 30s with two or more members once higher interest income on deposits and increased mortgage repayment costs are both taken into account, according to estimates by an economist.

A major pet-related product fair opened in Osaka on June 20, bringing together more than 400 companies and showcasing new technologies and products ranging from a bone-conduction hearing device for dogs to furniture designed for cats and their owners to relax together.