Hirofumi Kanaoka

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Tokyo housing vacancies rise with record 646,800 empty homes

Sep 25, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- There were 646,800 vacant homes across the 23 wards of central Tokyo last year, the highest number in data going back to 1958, according to an Interior Ministry survey published Wednesday. The ministry surveys Japan's housing stock every five years. The 2023 survey put the percentage of vacancies in central Tokyo at 10.9%, up from 10.4% in 2018.
U.S. credit card spending triples in Japan as tourists hit golf courses

Sep 18, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- U.S. tourists visiting Japan are spending three times as much on credit cards as they were before the coronavirus pandemic, data shows, with more than half going toward experiences like golf and theme parks. With more Americans visiting Japan, U.S. credit card spending in the January-June period was about triple the first half of 2019.
Japan's Tokio Marine to sell hourly car insurance for ride-hailing

Sep 16, 2024 | asia.nikkei.com | Natsumi Iwata |Hirofumi Kanaoka

TOKYO -- Tokio Marine & Nichido Fire Insurance will start selling car insurance by the hour for ride-hailing operators in Japan, Nikkei has learned -- a first for a Japanese insurance company. Tokio Marine's insurance, which will start in January, will calculate premiums by the hour based on data from ride-hailing apps. Premiums will vary but are expected to be around 70 yen to 200 yen (50 cents to $1.42) per hour.
Japan plans cybersecurity team for critical infrastructure

Aug 23, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- Japan's government will create a unit assigned to protect ports, railways and airports from cyberattacks as early as fiscal 2025, Nikkei has learned, aiming to bolster defenses for critical infrastructure and enhance economic security. The Ministry of Land, Infrastructure, Transport and Tourism will include plans for the team in its organizational and staffing request for fiscal 2025, which begins in April.
Japan plans for more tankers, imports to tackle jet fuel shortage

Jul 10, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- Japan plans to adopt measures to resolve an aviation fuel shortage that is threatening to ground a surging tourism industry, Nikkei has learned, securing more tankers and stepping up imports. The shortage has been fueled by a combination of factors, including oil refinery shutdowns that have lengthened distances to deliver fuel to airports, as well as regulations enacted in April that limit overtime for truck drivers, reducing hauling capacity.
Tourism surges to Japan's No. 2 'export,' behind cars

Jun 25, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- Spending by foreign visitors in Japan has quintupled over the past decade to become Japan's second-largest export category, underscoring a shift from goods to services. Direct purchases in the domestic market by nonresident households totaled an annualized 7.2 trillion yen ($45.1 billion) in nominal terms for the first quarter of 2024, government data shows.
Foreign tourists in Japan spending more on experiences: white paper

Jun 18, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- International travelers to Japan are growing more interested in spending on experiences, such as visiting theme parks and museums, giving rural areas the potential to lure more visitors with special tours, the government says in latest annual white paper on tourism. With inbound travelers resurging from 2022, spending per tourist rose to 204,000 yen (about $1,300 at current rates) in 2023 -- up 31% from the 155,000 yen in 2019. The 2024 report was published Tuesday.
China accounts for half of Japan's chipmaking equipment exports

Jun 11, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- At least 50% of Japan's exports of semiconductor manufacturing equipment went to China for a third straight quarter in the three months through March, amid an apparent surge in demand for less advanced gear spurred by U.S.-led trade restrictions. Japanese trade data shows China accounting for half the shipments of semiconductor manufacturing equipment, components for this machinery as well as gear for making flat-panel displays.
Japan Targets India and Southeast Asia to Recruit Tech Workers

Apr 11, 2024 | caixinglobal.com | Hirofumi Kanaoka

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x (Nikkei Asia) —Japan’s Cabinet Office held a working group meeting on Wednesday that aims to expand direct investment in Japan and attract skilled tech workers from Southeast Asia and India.
Japan targets India and Southeast Asia to recruit tech workers

Apr 10, 2024 | asia.nikkei.com | Hirofumi Kanaoka

TOKYO -- Japan's Cabinet Office held a working group meeting on Wednesday that aims to expand direct investment in Japan and attract skilled tech workers from Southeast Asia and India. A government task force is focusing on four points: expanding investment opportunities, securing highly skilled workers, promoting collaboration with foreign companies, and improving the domestic business and living environment.