News

Prime Minister Shigeru Ishiba urged caution during peace negotiations on the conflict in Ukraine, warning against sending the message that "the status quo can be changed by force." He expressed hope for diplomatic efforts to lead to a resolution and emphasized the importance of G-7 unity in achieving a "just and lasting peace" in Ukraine.

Sumitomo Mitsui Financial Group, Japan's largest financial institution, has withdrawn from the Net-Zero Banking Alliance, citing concerns over potential antitrust violations and the resurgence of climate change skepticism under the Trump administration. Despite the withdrawal, the company maintains its commitment to climate action.

Japanese Prime Minister Shigeru Ishiba urged solidarity among Liberal Democratic Party members to win two important elections this summer, after the coalition suffered significant setbacks due to recent scandals. Ishiba outlined economic, foreign policy, and political reform plans at the annual convention, calling for trust-building and engaging with public concerns.

Shikoku Research Institute in Japan developed iR Fresh, an innovative technology using near-infrared light exposure to significantly preserve the freshness of fruits and vegetables, preventing spoilage and reducing mold. The technology, already patented, also shows promise in cutting food waste, improving logistics, and potentially reducing pesticide use.

Seven & i Holdings Co., the parent company of convenience store chain Seven-Eleven Japan Co., is facing an uncertain future after its attempt at a management buyout failed. The company's predicament has drawn the attention of influential business leaders, including Masahiro Okafuji, chairman and CEO of trading house Itochu Corp.