News

Japan's latest supercomputer, ABCI 3.0, began operation on January 20th, 2023, boasting the highest computing capacity of any public supercomputer in the nation and specializing in the research and development of artificial intelligence. This powerful machine, equipped with a vast number of GPUs, is expected to significantly accelerate AI development in Japan.

Demand for Japanese bonds surged to a two-year high due to safe-haven appeal amidst concerns over U.S. tariff policies and a global equities selloff. Foreign investors were particularly active, net buying 3.4 trillion yen ($22.82 billion) worth of long-term Japanese bonds, marking their largest weekly net purchase in two years.

Land prices in Tokyo rose for the fourth consecutive year in 2024, with an average increase of 7.3% driven by high demand for condominiums and rising numbers of foreign visitors. The 23 wards in central Tokyo saw the most significant price increases, with Chuo Ward experiencing the sharpest rise of 13.9%.

The upcoming Tokyo metropolitan assembly election has witnessed an overwhelming response from aspiring candidates, with over 1,000 individuals applying to run under the banner of the newly established regional political party, Saisei no Michi. Founded by Shinji Ishimaru, the party aims to field a significant number of candidates across all electoral districts, aiming to make a strong impact in the upcoming political race.

Asian markets rallied on Monday, following a strong rebound in US stocks and better-than-expected factory data from China. The surge was driven by optimism about economic recovery and progress in preventing a US government shutdown, despite ongoing concerns about the trade war and potential spending cuts.