News

Chinese and Korean electric vehicles are making significant inroads in the Japanese market, challenging the dominance of hybrid vehicles and European imports. At the recent Tokyo Auto Salon, BYD and Hyundai showcased their latest EVs, the Sealion 7 and the Inster respectively, signaling their growing presence in the Japanese automotive landscape.

Nearly half of urban high-rise condo buyers intend to sell after prices rise, highlighting their dual purpose as residences and investments. Rising construction costs and strong interest from wealthy households fuel price increases, particularly in central Tokyo and Osaka, where prices resemble an asset-inflated bubble.

Prime Minister Shigeru Ishiba hosted a private dinner for 15 first-time LDP lawmakers, offering advice and sparking controversy with 100,000 yen gift certificates. The dinner served as an opportunity for the new members to connect with the Prime Minister and receive guidance on their roles within the party.

Japan successfully launched the Michibiki No. 6 satellite on February 2nd, marking a significant step towards achieving independent satellite navigation and enhancing smartphone location accuracy. This launch represents the fourth consecutive success for the H3 rocket, solidifying its growing reliability and potential in the global market.

Hyundai and General Motors are close to finalizing a deal for Hyundai to share two electric commercial van models with GM, while also discussing potential collaborations on pickup trucks, computing chips, batteries, and SUVs. This partnership aims to reduce costs and speed up development in the face of rising competition from Chinese EV makers and a global chip shortage.