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July 05, 2025
 

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INSURANCE

A delivery driver takes a break in the shade during high temperatures in Philadelphia, Pennsylvania, on June 21, 2024.
BUSINESS / Companies
Jul 2, 2025
How much does a heat wave cost? Insurers and CEOs want to know.
Some believe a new market for heat insurance — driven in part by artificial intelligence and the need to cool data centers — is around the corner.
Tokio Marine has made a string of big acquisitions in the U.S. in recent years to make up for limited growth prospects at home.
BUSINESS / Companies
Jun 24, 2025
Tokio Marine hunts for deals abroad and sees room for growth in U.S.
The insurer has the capacity for more deals overseas after generating record profits by selling shareholdings worth tens of billions of dollars.
Toyota has filed a lawsuit in a South African court over 2022 flood damages that shuttered its plant near Durban.
BUSINESS
Jun 20, 2025
Toyota insurer files $361 million South Africa flood damage lawsuit
The claim alleges that by failing to maintain waterways and drainage systems that carried the floodwater, the defendants shared responsibility for the damage.
The Meiji Yasuda Life Insurance headquarters in Tokyo. Paper losses on Japanese bonds held by the company expanded to about ¥1.386 trillion ($9.7 billion) in the year ended March, compared with ¥161.4 billion a year earlier.
BUSINESS / Companies
May 26, 2025
Japan's biggest life insurers post $60 billion in unrealized bond losses
The paper losses on their domestic bond holdings in the last fiscal year underscore the risks they face as interest rates climb.
Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings posted record consolidated net profits for the second straight year in fiscal 2024, which ended in March, driven by gains from the sale of cross-held shares, according to their earnings reports.
BUSINESS / Companies
May 21, 2025
All three major Japanese nonlife insurers log record net profits
Net profit went up some 1.5 times to ¥1,055.2 billion at Tokio Marine Holding.
Nippon Life Insurance will stop the practice of temporarily sending employees to work in sales departments of other companies, such as banks, judging that the arrangements may distort fair competition.
BUSINESS / Companies
May 16, 2025
Nippon Life to stop sending staff to sales departments at banks
Critics have said the practice has led to misconduct, in addition to reducing competition.
Nippon Life Insurance is diversifying its investments to enhance yields, although it’s a tricky time to invest with U.S. President Donald Trump’s trade war fueling global market volatility.
BUSINESS / Companies
May 14, 2025
Japan’s biggest insurer weighs riskier overseas CLO investments
Japan’s biggest life insurer is considering taking on a little more risk with its investments in collateralized loan obligations (CLOs), as it looks for ways to eke out better returns abroad.
MUFG Bank, a unit of the nation’s biggest banking group, is among firms that recently scrapped a clerical job category that consisted almost exclusively of women, a sign that the financial sector is finally getting more serious about reducing gender inequalities.
BUSINESS / Companies
Apr 23, 2025
Top Japanese firms scrap employment system that held women back
Abandoning the clerical job category may increase opportunities for women to advance to more senior positions.
MS&AD forecasts that net profit for its North American operations will reach ¥166 billion in the fiscal year ended in March, a 3.5fold increase from the previous fiscal year.
BUSINESS
Apr 22, 2025
Insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America.
Mitsui Sumitomo Insurance (above) and Aioi Nissay Dowa Insurance plan to merge in April 2027.
BUSINESS / Companies
Mar 28, 2025
Mitsui Sumitomo Insurance to merge with Aioi Nissay Dowa
The merger will create the biggest nonlife insurer in Japan, overtaking current industry leader Tokio Marine & Nichido Fire Insurance.
Upper House Budget Committee chief Yosuke Tsuruho (right) and his Lower House counterpart, Jun Azumi, meet in Tokyo on Wednesday.
JAPAN / Politics
Mar 12, 2025
Medical cap fumble paves way for unprecedented second revision of fiscal budget
While there have been cases of bills returning to the Lower House after amendments in the Upper House, it has never happened with the budget.
"It is an expanding field. We need more people,” said Kaoru Onishi, head of the global product division at Nissay Asset Management.
BUSINESS / Companies
Mar 6, 2025
Nissay Asset ramps up hiring as alternative investment booms
Japanese asset managers are trying to boost returns at a time when policymakers are encouraging households to shift their savings to investments.
In recent years, Japanese life insurers have increasingly entered contracts in which assets underwritten by reinsurance companies are invested to obtain higher returns.
BUSINESS
Mar 3, 2025
Japan’s FSA said to examine life insurers’ reinsurance risks
The Financial Services Agency is asking life insurers about the scale of the practice and the type of contracts they have in place.
The government will raise the out-of-pocket expense cap for expensive medical treatments this August as planned, but will reconsider plans for further increases, Prime Minister Shigeru Ishiba told parliament on Friday.
JAPAN / Science & Health
Mar 2, 2025
Japan to reconsider medical expense cap hike plan: Ishiba
The expense ceiling hike is slated to be conducted in three stages from this year to 2027.
Tokio Marine Holdings and other large non-life insurers are facing pressure to sell cross-held shares to improve their governance.
BUSINESS / Companies
Feb 17, 2025
Japan insurers sell $11 billion cross-held shares ahead of plans
The insurers are facing pressure to improve their governance after regulators fined them for coordinating adjustments in insurance fees in advance for companies.
Leaders of patients' groups submit signatures opposing the move by the government to raise the medical copayment ceiling on Wednesday.
JAPAN / Science & Health / EXPLAINER
Feb 14, 2025
Japan to rethink medical copayment hike amid patient outcry
Many patients, especially those undergoing costly but effective cancer therapy, say a hike might force them to abandon their treatments.
Meiji Yasuda Life Insurance will acquire Banner Life Insurance in the United States as it seeks to expand its business overseas amid sluggish domestic market.
BUSINESS / Companies
Feb 9, 2025
Meiji Yasuda to acquire U.S. peer Banner Life
Japanese life insurance companies are expanding overseas for growth as the domestic market shrinks.
Homes destroyed by wildfire in the Pacific Palisades neighborhood of Los Angeles earlier this month. Insured losses caused by this and other fires raging in the area in recent weeks have been valued at over $30 billion.
COMMENTARY / World
Feb 5, 2025
Fossil fuel insurance is still way too cheap
Despite mounting losses from climate-induced disasters, insurers continue underwriting fossil fuels. Raising the cost of such policies would help cut emissions and benefit many.
Nippon Life Insurance will establish a new headquarters division in late March to manage its foreign businesses, and its overseas insurance and asset management departments will be absorbed into that organization, people familiar with the matter have said.
BUSINESS / Companies
Jan 27, 2025
Nippon Life to revamp overseas business operations after acquisitions
Japan’s biggest life insurer will establish a new headquarters division in late March to manage its foreign businesses, and absorb related departments into that organization.
Car dealer Toyota Mobility Tokyo and used car dealer Goodspeed are believed to have committed illegal practices, such as discounting vehicles in exchange for buying specific insurance products.
BUSINESS / Companies
Jan 21, 2025
Japan's FSA to issue business improvement order to Toyota dealer
The Toyota subsidiary and Goodspeed are suspected of illegal practices such as discounting vehicles in exchange for buying specific insurance products.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Japan to require flight passengers to keep power banks within sight
The transport ministry has announced new regulations requiring flight passengers to keep power banks within sight to mitigate fire risks while on board planes.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji
By Alex K.T. Martin

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