News

Chinese and Korean automakers are making inroads into Japan's electric vehicle market, showcasing new models at the Tokyo Auto Salon and challenging the dominance of hybrid vehicles and European imports. Despite their relatively low market share in Japan, these manufacturers are making significant strides globally, suggesting a potential shift in the dynamics of the Japanese automotive market.

The Japanese government's decision to incorporate the Science Council of Japan (SCJ) while strengthening state oversight has sparked concerns about academic freedom. The move comes after Prime Minister Yoshihide Suga's controversial refusal to appoint six candidates nominated by the council in 2020, raising questions about political interference in scientific appointments.

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%.