News

Japanese investors sold a record amount of foreign bonds in the week through March 8th, driven by concerns over a selloff in Eurozone debt markets triggered by Germany's plans for increased fiscal spending. Meanwhile, foreign investors continued to buy Japanese assets, including long-term and short-term bonds, despite a net outflow of funds from the Japanese stock market.

Plant factories are emerging as a significant force in Japan's agricultural landscape, offering a controlled environment for growing vegetables indoors, independent of weather conditions. This innovative approach is projected to reach a market value of 24 billion yen by 2029, driven by increasing demand for fresh, locally-sourced produce and the need for sustainable agricultural practices.

Prime Minister Shigeru Ishiba called for unity within the LDP to win the upcoming Upper House and Tokyo metropolitan assembly elections, despite the party's recent loss of its Lower House majority. He emphasized the need to address public distrust and work towards wage hikes, work-style reforms, and a stronger alliance with the United States.

Japan plans to export 350,000 tons of rice by 2030 to prevent future shortages, utilizing exports as an "adjustment valve" to stabilize domestic supply and mitigate price fluctuations. This initiative aims to address the current rice shortage and declining domestic demand, while also promoting international trade and ensuring food security.

The Japanese government's move to incorporate the Science Council of Japan while strengthening state oversight has raised concerns about academic freedom, particularly due to the unexplained refusal of six nominated candidates in 2020. This has been criticized as an attempt to cover up the incongruity of the selection process and comes amidst concerns about the SCJ's effectiveness in addressing Japan's declining scientific achievement...