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Japan to Dissolve Cool Japan Fund After Significant Losses
Businessjapan-timesmainichi-english6d ago2 sources

Japan to Dissolve Cool Japan Fund After Significant Losses

The Japanese government plans to dissolve the Cool Japan Fund following heavy losses totaling $340 million. Despite this, the government will continue to support content grants, indicating a shift in strategy for promoting Japanese culture abroad.

Japan Debates Imposing Cap on Foreign Citizen Quota
Politicsil-sole-24-ore11d ago

Japan Debates Imposing Cap on Foreign Citizen Quota

The Japanese government, led by conservative Prime Minister Sanae Takaichi, is pushing for a policy to contain migratory flows. Discussions have begun on potentially imposing a cap on the quota of foreign citizens to protect national identity and social cohesion.

Japan Government Considers Food Consumption Tax Reduction
PoliticsNHK World23d ago

Japan Government Considers Food Consumption Tax Reduction

The Japanese government is considering a reduction in the consumption tax on food items, with plans to make a cabinet decision as early as the 5th of next month. Prime Minister Takaichi aims to finalize the tax reform outline and submit a bill.

Japan Formally Decides to Rebuild Up to 5 Nuclear Plants by 2040s
PoliticsNHK World27d ago

Japan Formally Decides to Rebuild Up to 5 Nuclear Plants by 2040s

The Japanese government has formally decided on a future nuclear policy that includes a plan to rebuild up to five nuclear power plants by the 2040s. This initiative aims to secure necessary electricity amidst anticipated increases in demand by replacing aging reactors.

Japan Expresses Concern Over Israel-Hezbollah Attacks in Lebanon
Worldobservador2mo ago

Japan Expresses Concern Over Israel-Hezbollah Attacks in Lebanon

The Japanese government has voiced deep concern over the ongoing attacks between Israel and Hezbollah in Lebanon, which have resulted in civilian casualties and infrastructure destruction. Japan called for an immediate cessation of hostilities and pledged diplomatic efforts for peace.

WorldNHK World2mo ago

Debate Over Imperial Succession Law in Japan: Adoption vs. Special Law

Following a consensus from the legislature, the Japanese government is drafting legislation for stable imperial succession, with debate focusing on whether to amend the Imperial House Law for permanent adoption of male heirs from former imperial families or to implement a limited special law.

Japan Warns of Becoming an 'AI Colony' if it Falls Behind
Worlddigi24hotnewsjapan-times2mo ago3 sources

Japan Warns of Becoming an 'AI Colony' if it Falls Behind

Japan's digital minister has warned that the country risks becoming an 'AI colony' if it fails to keep pace in the technological race. The Japanese government fears losing its competitive edge in artificial intelligence development.

PoliticsNHK World2mo ago

Japan Government Presents Draft Plan to Promote LGBT Understanding

The Japanese government has presented a draft of its first basic plan, based on law, to the Liberal Democratic Party (LDP) aimed at promoting understanding of LGBT individuals, which includes measures to enhance understanding among teachers and improve consultation systems in schools.

WorldNHK World3mo ago

Japan to Accelerate Plans for Foreign Intelligence Agency

Following the establishment of a law to create a 'National Intelligence Agency,' the Japanese government plans to accelerate efforts to strengthen intelligence gathering and analysis for security, including the creation of a 'Foreign Intelligence Agency' for overseas operations.

Japan Considers Acquiring Nuclear Weapons
Worlddie-presse21d ago

Japan Considers Acquiring Nuclear Weapons

On the anniversary of the Hiroshima atomic bombing, Japanese government officials typically deliver pacifist speeches, but Sanae Takaichi avoided a clear rejection of nuclear weapons, aligning with her ambitions for rearmament.

Japanese Minister Urged BOJ Chief to Buy JGBs
Politicsjapan-times23d ago

Japanese Minister Urged BOJ Chief to Buy JGBs

Reports indicate that Japanese minister Sanae Takaichi urged the Bank of Japan chief to purchase Japanese government bonds at a May meeting, potentially sparking debate over the central bank's independence.

Government Approves Emergency Funds for Kumamoto Earthquake Recovery
WorldNHK World23d ago

Government Approves Emergency Funds for Kumamoto Earthquake Recovery

The Japanese government has decided to allocate reserve funds for the recovery efforts following the Kumamoto earthquake, including push-type material support. This decision comes a week after the earthquake, with concerns also raised about inactive fault lines in the surrounding areas.

Government Rushes Infrastructure Restoration in Kumamoto After Earthquake Amid Heatwave
WorldNHK World28d ago

Government Rushes Infrastructure Restoration in Kumamoto After Earthquake Amid Heatwave

Following the Kumamoto earthquake, the Japanese government is expediting the restoration of essential infrastructure like electricity and water, while also deploying power and water trucks to ensure adequate conditions for evacuees amidst a severe heatwave. Medical teams are advocating for sustained support due to concerns over water shortages and heat-related health impacts in heavily damaged areas.

Japan to Invest in Namibia Rare Earth Mining
BusinessNHK World29d ago

Japan to Invest in Namibia Rare Earth Mining

The Japanese government has decided to invest up to 5 billion yen in a company established by a major trading firm to develop a rare earth mine in Namibia, aiming to secure a stable supply for high-tech industries.

Japan Considers GPS Tracking for High-Risk Stalkers
PoliticsNHK Worldjapan-times1mo ago2 sources

Japan Considers GPS Tracking for High-Risk Stalkers

The Japanese government is currently considering implementing GPS tracking for individuals identified as high-risk stalkers. This measure aims to enhance victim protection and prevent further incidents.

Japanese Government Dating App Leads to Over 260 Marriages
Cultureaftonbladetberlingskejapan-times+1channel-news-asia1mo ago4 sources

Japanese Government Dating App Leads to Over 260 Marriages

A dating application launched by the Japanese government, including the Tokyo metropolitan government, has successfully facilitated over 260 marriages. The initiative aims to boost marriage rates in the country, utilizing AI to help hundreds of individuals find partners.

Japan Considers JGBs in Tax-Free Accounts and GPIF Portfolio Review
Businessjapan-times1mo ago

Japan Considers JGBs in Tax-Free Accounts and GPIF Portfolio Review

Japan's finance chief is exploring the inclusion of Japanese Government Bonds (JGBs) in tax-free accounts and a review of the Government Pension Investment Fund (GPIF) portfolio. Societe Generale estimates this could lead to $76 billion in JGB buying if GPIF rebalances its assets.

Japan Increases Tourist Taxes and Visa Fees
Businessrzeczpospolita1mo ago

Japan Increases Tourist Taxes and Visa Fees

The Japanese government has tripled the departure tax for all tourists leaving the country and raised visa issuance fees for the first time in nearly half a century, with additional revenue aimed at mitigating the negative effects of overtourism.

China's Export Restrictions Impact Japan's Economy
Worldhotnews1mo ago

China's Export Restrictions Impact Japan's Economy

Japan's economy is increasingly affected by a deficit of critical minerals due to export restrictions imposed by Beijing. The Japanese government, led by Prime Minister Sanae Takaichi, is under pressure to find alternative sources.

PoliticsNHK World2mo ago

Japanese Government Decides Action Plan to Prevent Child Suicides

The Japanese government has finalized its annual action plan to strengthen child policies, with a strong focus on preventing child suicides. The plan includes establishing local council collaborations between schools and medical institutions to implement comprehensive measures.

Mitsubishi UFJ Suggests Jumbo Rate Hike Needed to Boost Yen
Worldjapan-times2mo ago

Mitsubishi UFJ Suggests Jumbo Rate Hike Needed to Boost Yen

Mitsubishi UFJ Asset Management indicated that a larger or out-of-cycle Bank of Japan rate hike might be necessary, warning that an expected increase this month may not suffice to prevent further declines in the yen and Japanese government bonds.

PoliticsNHK World2mo ago

Japan Considers Lowering Consumption Tax on Food to 1%

The Japanese government and ruling party are considering reducing the consumption tax on food items to 1% starting next April. This proposal takes into account the estimated six months required for cash register system modifications.

FinanceReuterswsj3mo ago2 sources

JGB Yields Near Highs Ahead of 20-Year Auction

Japanese Government Bond (JGB) yields are holding near multi-decade highs as the market anticipates a crucial 20-year auction. This upcoming auction is expected to test the market's stability and investor sentiment.

Japan to Phase Out Solar Panel Subsidies While Capping Gas Prices
Worldjapan-timesmainichi-english1d ago2 sources

Japan to Phase Out Solar Panel Subsidies While Capping Gas Prices

The Japanese government will discontinue financial subsidies for residential solar panel installations as part of its energy policy adjustments. At the same time, authorities plan to maintain retail gasoline prices at approximately 170 yen per liter to ease consumer costs.

Japan Government to Support Tourism in Quake-Hit Kyushu
Worldjapan-timesnation-thailand5d ago2 sources

Japan Government to Support Tourism in Quake-Hit Kyushu

The Japanese government announced plans to support tourism in the Kyushu region, which was recently affected by an earthquake. This initiative aims to help the region's recovery by boosting its tourism industry.

Japan Protests South Korean Research Activity Near Takeshima
WorldNHK World20d ago

Japan Protests South Korean Research Activity Near Takeshima

The Japanese government has lodged a strong protest with South Korea after a South Korean research vessel was observed conducting what appeared to be marine surveys within Japan's exclusive economic zone (EEZ) west of Takeshima (Dokdo) without consent.

Japan Approves Basic Policy for Food Consumption Tax Cut
PoliticsNHK World22d ago

Japan Approves Basic Policy for Food Consumption Tax Cut

The Japanese government and ruling party have approved a basic policy to reduce the consumption tax on food items to 1% for a two-year period starting next April. They aim to submit the necessary legislation to the extraordinary Diet session this autumn.

Demand for Filipino Housekeepers Surges in Japan
BusinessSCMP25d ago

Demand for Filipino Housekeepers Surges in Japan

Housekeeping services employing Filipino staff are experiencing a surge in popularity in Japan, driven by growing demand for domestic support. One provider has seen its workforce roughly double over the past decade since the Japanese government allowed foreign domestic workers.

PoliticsNHK World1mo ago

Japanese Government Outlines Learning Program for Foreign Residents

The Japanese government has compiled a list of issues to consider for the creation of a learning program aimed at foreign residents, focusing on Japanese language and societal rules. The program intends to broadly target foreign nationals residing in Japan for medium to long terms, utilizing ICT for learning environments, including pre-entry education.

Japanese yen tumbles to 40-year low
Politicsjapan-times1mo ago

Japanese yen tumbles to 40-year low

The Japanese yen has fallen to a 40-year low against the U.S. dollar, prompting the Japanese government to pledge 'appropriate action at any time' to address the currency's weakness.

WorldNHK World2mo ago

Government Approves Imperial House Law Amendment Outline

The Japanese government has presented an outline for amending the Imperial House Law to ensure stable imperial succession, which was approved by the Speakers and Deputy Speakers of both houses of parliament, conditional on supplementary resolutions.

WorldNHK World2mo ago

Japan Approves Basic Plan for Capital Earthquake Countermeasures

The Japanese government has approved a basic plan for earthquake countermeasures in the capital region, aiming to halve the projected 18,000 deaths from a potential direct-hit earthquake over the next decade, including the widespread installation of seismic circuit breakers.

WorldNHK World3mo ago

Japan Contributes ¥2.2 Billion to NATO's Ukraine Support Fund

The Japanese government announced it has contributed approximately 2.2 billion yen to NATO's framework for purchasing U.S.-made weapons and other equipment for Ukraine. Japan's contribution will be used exclusively for non-lethal defense equipment.

Japan Updates Intelligence Infrastructure with New Law
Worldjapan-times3mo ago

Japan Updates Intelligence Infrastructure with New Law

The Japanese government, under Prime Minister Sanae Takaichi, is taking steps to improve its intelligence capabilities with the passage of the National Intelligence Council Law, an update considered long overdue.

Japan Considers Refundable Tax Credit Program
Politicsjapan-times3mo ago

Japan Considers Refundable Tax Credit Program

The Japanese government is exploring the introduction of a refundable tax credit program, following a temporary measure that reduced the consumption tax rate on food to zero for two years.