News

Toyota Motor Corporation has postponed the construction of a lithium-ion battery factory in Fukuoka Prefecture due to sluggish demand for electric vehicles in the global market and higher construction costs. The company is also considering pushing back the release date of its first next-generation EV model to ensure the quality of new technologies.

Asian stock markets tumbled amid concerns over U.S. President Trump's plan to impose a 25% tariff on auto imports, sparking steep declines in major indices across Tokyo, Seoul, Hong Kong, and Shanghai. The potential for further tariffs and the likelihood of a policy rate hike by the Bank of Japan added to the market instability, while differing impacts were seen among automakers, with U.S. electric vehicle companies faring better.

Starbucks recently hosted a barista experience event in Nagoya, where manager Yuta Tanaka demonstrated precise coffee-making techniques to a group of senior participants. The initiative is part of a broader strategy by Starbucks Coffee Japan to broaden its customer base and foster closer ties with the local community through engaging, hands-on activities.

Japan's trade balance returned to a surplus in February 2024, driven by strong export growth and a slight decline in imports, despite concerns about the potential impact of President Donald Trump's tariff hikes. The surplus of 584 billion yen ($3.9 billion) followed two consecutive months of deficits.

A recent survey by Lifull Home’s Soken research institute shows that nearly half of high-rise condo buyers in urban regions in Japan plan to sell their properties after prices increase. The study highlights a dual purpose among owners—using the units as both residences and investment tools—with many citing rising real estate values as a key reason for selling.