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Nippon Steel Aims to Finalize US Steel Deal by June Amid US Scrutiny๐ง
(Kyodo, May 10) Nippon Steel Vice Chairman Takahiro Mori said on May 9 the company is pushing to finalize its $2.7 billion acquisition of US Steel by the June 5 deadline set by President Trump. The deal faces renewed scrutiny by CFIUS, following Bidenโs earlier block. Mori declined to comment on possible additional investments, while President Eiji Imai stressed they are negotiating to maintain plans for full ownership. Trump has expressed mixed views, welcoming investment but opposing full Japanese control.๐คจ๐คจ๐คจ๐คจ๐คจ
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Nagasaki to Invite All Countries to Peace Ceremony After Last Yearโs Diplomatic Fallout๐
Nagasaki Mayor Shiro Suzuki announced that invitations will be sent to all countries with embassies in Japan for the August 9 Peace Memorial Ceremony. This move follows last yearโs controversy, when Israel was excluded and ambassadors from the G7 (except Japan) and the EU boycotted the event. Suzuki emphasized the desire to return to the ceremonyโs core purposeโmourning atomic bomb victims and praying for lasting peaceโwelcoming all nations regardless of political or ideological differences. Meanwhile, Hiroshima will only send notifications for its August 6 ceremony.๐๐๐๐๐
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Global Debt Hits Record $324 Trillionโ Chinaโs Government Debt Nears 100% of GDP๐
Global debt has surged to an all-time high of $324 trillion. Chinaโs government debt has grown rapidly, with the debt-to-GDP ratio rising from under 60% in 2019 to 93% as of March 2025. Projections indicate it may hit 100% by the end of the year.๐ฐ๐ฐ๐ฐ
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Yen Appreciation Weighs on Nikkei, Ending Post-Holiday Rally๐ญ
Tokyoโs stock market reopened on May 7 after the Golden Week holidays, with the Nikkei 225 closing down 51.03 points (โ0.14%) at 36,779.66. Early gainsโdriven by optimism over possible U.S.-China trade talksโfaded as the yen strengthened against the dollar, pressuring major exporters like automakers.๐ญ๐ญ๐ญ
The TOPIX index rose 8.38 points (+0.31%) to 2,696.16, supported by gains in the airline sector amid falling oil prices, following OPEC+โs decision to increase production.๐๐๐
Investors were cautious after seven consecutive days of gains before the holiday and were also influenced by a weak overnight performance on Wall Street. Pharmaceutical shares declined amid ongoing concerns over U.S. tariff policy under Trump. Total trading volume reached 2.15 billion shares.๐คฆโโ๏ธ๐คฆโโ๏ธ๐คฆโโ๏ธ
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Former PM Shigeru Yoshida Featured in Special Exhibition at Japanโs Diplomatic Archives๐
Japanโs Diplomatic Archives in Tokyo is holding a special exhibition titled โThe Image of Shigeru Yoshida Through Rare Historical Documentsโ until May 31. On display are personal artifacts such as a folding screen adorned with letters from former prime ministers and Yoshidaโs own radio speech manuscripts, reflecting his meticulous character. Admission is free, and the exhibit is located in the new Azabudai Hills facility.โ๏ธโ๏ธโ๏ธโ๏ธ
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Japanese Action Master Kenji Tanigaki Honored at Hong Kong Film Awards๐
At the 43rd Hong Kong Film Awards, Japanese stunt coordinator Kenji Tanigaki claimed the Best Action Choreography prize for Twilight of the Warriors: Walled In, which also won Best Picture. Receiving the award from legendary action star Yasuaki Kurata, Tanigaki gave a heartfelt speech in Cantonese. He reflected on his journey from being a stuntman inspired by Jackie Chan to finally being recognized as a true Hong Kong filmmaker โ a dream come true since his apprenticeship in 1989.๐ฅด๐ฅด๐ฅด๐ฅด
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Farewell to Pandas: Wakayamaโs Beloved Giants Head Back to China๐จ๐ณ๐ฏ๐ต๐ผ
Japan is preparing to say goodbye to four beloved giant pandas at Wakayamaโs Adventure World. Rauhin, Yuihin, Saihin, and Fuhin will all return to China by the end of June, marking the end of an era for the popular attraction. Once they depart, only two pandas will remain in Japan, both at Tokyoโs Ueno Zoo. Fans are flocking for a final glimpse before the heartfelt farewell.๐๐๐
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Japanese Emperor and Empress Host Spring Garden Party with 1,400 Guests๐ค
On April 22, Emperor Naruhito and Empress Masako held the Spring Garden Party at Akasaka Imperial Garden, joined by Princess Aiko and other royals. Around 1,400 distinguished guests attended, including manga artist Tetsuya Chiba and former softball coach Taeko Utsugi. The Emperor praised mangaโs global cultural impact, while the Empress shared warm exchanges with guests. For the first time, royals walked separate routes to allow more personal conversations.๐ค๐ค๐ค๐ค๐ค
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Dutch PM Visits Rapidus Chip Plant in Hokkaido, Highlights Japan-Netherlands Tech Ties๐ง
Dutch Prime Minister Mark Rutte visited Rapidusโs next-gen semiconductor plant in Chitose, Hokkaido, on April 22. The factory, which began test production this month, aims to domestically produce cutting-edge chips. Rutte praised the Japan-Netherlands partnership, noting its global significance. Rapidus CEO Atsuyoshi Koike emphasized the importance of Dutch technologyโespecially ASMLโs EUV lithography system, which Rapidus introduced last December, marking a first for Japan.โ๏ธโ๏ธโ๏ธ
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Hino and Mitsubishi Fuso to Merge Operations, Forming Global Truck Giant๐ค
Toyotaโs Hino Motors and Daimler Truckโs Mitsubishi Fuso are in final talks to merge their commercial vehicle operations. The integration would give them a 14% global market share in medium and heavy-duty trucks, forming one of the largest alliances in the industry. The move comes as Chinese manufacturers continue to grow their presence in the commercial vehicle sector.โญ๏ธโญ๏ธโญ๏ธ
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Japanโs Finance Minister Heads to U.S. for G20 Talks โ Yen Exchange Rate Likely on Agendaโ๏ธ
Japanโs Finance Minister Shunichi Kato announced he will visit the U.S. from April 22โ26 to attend the G20 Finance Ministers and Central Bank Governors Meeting in Washington. He emphasized the importance of promoting free and open multilateral trade. Kato is also expected to meet U.S. Treasury Secretary Janet Yellen on April 24 to discuss key global economic issues, including potential talks on exchange rates.๐ซก๐ซก๐ซก๐ซก
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Japanโs Rice Prices Soar 100% โ 15 Weeks of Consecutive Increases๐ซฅ
Rice prices in Japan have doubled year-on-year, hitting an average of ยฅ4,217 (approx. ยฅ218 CNY) per 5kg as of mid-April โ marking the 15th straight week of increases. Despite government efforts to curb prices by releasing reserve rice, only 0.3% of the first batch reached the market by March 30, with limited impact so far. High staple food costs are putting added pressure on households already struggling with inflation.๐๐๐
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Japanese Hotel Asks Israeli Guest to Sign โNo War Crimesโ Declaration, Sparking Controversy๐ณ
According to reports, a hotel in Kyoto, Japan, asked an Israeli guest to sign a declaration affirming that he had not participated in any war crimes during his military service. The guest, who previously served in the Israeli navy, was reportedly surprised and initially refused but eventually signed under protest.
The incident drew strong protests from the Israeli Embassy in Japan, and the Kyoto local government has launched an investigation. ๐๐๐๐
The hotel explained it was a security measure, citing the mandatory military service requirement for Israeli citizens.๐ซฅ๐ซฅ๐ซฅ๐ซฅ
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Hamamatsu Launches Evangelion Tourism Project Featuring Giant EVA Statue and Stamp Rally๐ค
Hamamatsu City kicked off the โNew Hamamatsu Project,โ a tourism collaboration with Evangelion: 3.0+1.0, on April 20. A 6-meter-tall EVA Unit-01 statue was unveiled at city hall, drawing a crowd of 170 fans even before opening. The event includes a 21-stop โHuman Boarding Planโ stamp rally along local rail lines, with special day passes featuring Shinji and Kaworu. Inspired by the filmโs โThird Villageโ setting, modeled after Tenryลซ-Futamata Station, the campaign runs through February 2026 and will offer limited-edition merchandise in partnership with local businesses.๐๐๐๐๐
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Yen Surges to 140 Level Amid U.S.-Japan Currency Talks Speculation๐
The Japanese yen briefly appreciated to the 140 range against the U.S. dollar on April 21 in Tokyoโs forex market, marking its strongest level in about 7 months. This surge comes ahead of expected talks between Japanโs Finance Minister Shunichi Kato and U.S. Treasury Secretary Janet Yellen, with speculation mounting that currency issues will be on the table. Traders anticipate U.S. pressure on Japan to curb yen depreciation. Concerns over global economic slowdown and political pressure on the Fed are also pushing investors toward the yen as a safe haven.๐๐๐๐
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Princess Kako to Visit Brazil for 130th Anniversary of Japan-Brazil Ties๐ค
Japanโs Princess Kako will make an official visit to Brazil from June 4 to 17 to mark the 130th anniversary of diplomatic relations between the two countries. Approved by the Cabinet on May 9, her itinerary includes visits to Brasรญlia, Sรฃo Paulo, and Rio de Janeiro, as well as meetings with President Lula and local Japanese communities. This will be her fourth official overseas trip, following her visit to Greece last year.๐ค๐ค๐ค๐ค๐ค
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North Korea Fires Multiple MissilesโNone Land in Japanโs EEZ๐ฃ
On May 8, North Korea launched several short-range ballistic missiles into the Sea of Japan from near Wonsan. One reportedly flew 800 km at an altitude of 100 km, possibly with irregular trajectory. None landed within Japanโs EEZ. Japan, South Korea, and the U.S. condemned the launch as a threat to regional security, with Tokyo lodging a protest via diplomatic channels in Beijing. Experts suggest the launch may signal North Koreaโs intent to export weapons to Russia.โ๏ธโ๏ธโ๏ธโ๏ธ
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Japanese Imperial Family to Visit Okinawa in June to Honor WWII Victims๐
The Imperial Household Agency announced that Emperor Naruhito, Empress Masako, and their daughter Princess Aiko will visit Okinawa on June 4โ5 to commemorate the 80th anniversary of the end of WWII. This marks Princess Aikoโs first visit to Okinawa. They will lay flowers at the National Cemetery for the War Dead and the โCornerstone of Peaceโ in Itoman, and meet with war survivors. On June 5, they will also pay tribute at the memorial for the Tsushima Maru tragedy in Naha, where a school evacuation ship was sunk by a U.S. submarine.๐ซก๐ซก๐ซก
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Knife Attack at Tokyo Metro Station Leaves Two Injured๐ช
At around 6:55 PM on May 7, a man wielding a knife injured two people on the platform of Tokyo Metroโs Todaimae Station (Namboku Line) in Bunkyo Ward. A 43-year-old male suspect was arrested at the scene on suspicion of attempted murder. The victims suffered head and hand injuries but are conscious. Tokyo Metropolitan Police are investigating the details.๐ฏ๐ฏ๐ฏ
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Japan and Malaysia to Launch Offshore Carbon Capture Project๐ฒ๐พ
Japan has reached an agreement with Malaysia to launch its first overseas carbon capture and storage (CCS) project. Under the plan, COโ emissions from Japanese thermal power plants will be liquefied and transported by specialized ships to be stored in depleted offshore gas fields near Malaysia. The project is expected to begin as early as 2030.๐ซก๐ซก๐ซก
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Japanโs Fresh Graduate Salaries Hit Record High in 2025๐ด
According to Nikkei, the average starting salary for 2025 graduates in major Japanese firms has reached a record 254,000 yen (approx. ยฅ13,000 RMB). Notably, 131 companies set starting salaries above 300,000 yen. Graduate hiring is also seeing double-digit growth, signaling a strong job market for young professionals.๐ค๐ค๐ค
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Toyota Unveils New bZ7 EV at Shanghai Auto Show๐คฑ
Toyota has debuted its new large-size EV, the bZ7, for the first time globally at the Shanghai Auto Show, positioning it as a key strategic model for the Chinese market. Around 1,000 auto and parts manufacturers from China and abroad participated. Nissan and Honda also revealed new models, as foreign automakers aim to regain market share with China-focused EVs.๐ฒ๐ฒ๐ฒ
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Japanese โBathing Machineโ at Osaka Expo Surprises Reporter with Ultimate Relaxation๐พ
A Nikkei reporter tested the futuristic โhuman bathing machineโ at the Osaka Expo. Submerged in warm water and surrounded by microbubbles, sensors on the back monitored their heart rate. The experience was so soothing, the reporter briefly nodded offโonly to emerge soaked and under the curious gaze of onlookers.๐ง๐ง๐ง
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Gold Hits Record Highs for 3 Days Straight โ Driven by Asian Markets๐
New York gold futures have broken above the key $3,400 per ounce level for the first time, marking a new milestone. Since April, gold prices have been setting records during active Asian trading hours. Amid rising U.S.-China tensions, demand from Chinese buyers continues to strengthen. Will prices climb even higher?๐๐๐๐
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Former Minister Sanae Takaichi Visits Controversial Yasukuni Shrine๐ช
Sanae Takaichi, former Minister for Economic Security and a member of Japanโs ruling Liberal Democratic Party, visited the Yasukuni Shrine on April 22 during its annual spring festival. The shrine remains a source of controversy due to its enshrinement of Class-A war criminals alongside Japanโs war dead.๐ฅ๐ฅ๐ฅ
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The Art of Japanese Metalcraft: Where Tradition Meets Precision๐ด
Japanese metalcraft, or Kinkล (้ๅทฅ), is a centuries-old art that blends refined aesthetics with technical mastery. From the elegant curves of Nambu ironware teapots in Iwate to the intricate chลkin (metal engraving) seen in samurai sword fittings, these crafts reflect Japanโs dedication to detail and durability. Today, these timeless techniques are finding new life in modern interior design and lifestyle accessories around the world.๐๐๐
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[Breaking] Snake Causes Power Outage on Tokaido Shinkansen๐
A snake triggered a power outage on Japanโs Tokaido Shinkansen this evening, causing trains to stop for about 90 minutes. According to JR Central, the snake got entangled in overhead wires between Gifu-Hashima and Maibara, leading to a short circuit. Services resumed around 7:00 PM local time.๐๐๐
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Osaka-Kansai Expo Draws Over 500,000 Visitors in First Week!๐
The Japan Association for the 2025 World Exposition announced on April 21 that the Osaka-Kansai Expo welcomed 524,937 visitors between its opening on April 13 and April 19, surpassing the 500,000 mark.
On the opening day alone, 124,339 people entered the venue. Visitor numbers during weekdays remained between 40,000 and 100,000, showing a noticeable drop compared to the weekend.
Including both advance and on-site sales, a total of around 9,978,217 tickets have been sold so far. Sales of the โseason pass,โ which allows multiple entries during the Expo period, have also been steadily increasing.๐๐๐
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Tokyo Condo Prices Soar Past ยฅ100 Million for Second Year in a Row๐ฏ
New data shows the average price of newly built condominiums in Tokyoโs 23 wards hit ยฅ116.32 million (approx. $602,000 USD) in FY2024โan 11.2% increase from the previous year. This marks the second consecutive year the average has exceeded ยฅ100 million, driven by rising labor and construction material costs. Meanwhile, the number of units released dropped by 25.5% to 8,272.๐ฅ๐ฅ๐ฅ
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Chinese Executive from State-Owned Firm Arrested Over Bangkok Building Collapse๐ฎ
Thai authorities have arrested a Chinese executive from China Railway No.10 Engineering Group following the collapse of a building under construction in Bangkok, triggered by a major earthquake in central Myanmar. The executive is suspected of using substandard steel in the construction.๐ฌ๐ฌ๐ฌ๐ฌ
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