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MINISTRY

A "cooling shelter" set up inside the city hall in Kumagaya, Saitama Prefecture
JAPAN
May 1, 2024
Municipalities setting up 'cooling shelters' in bid to prevent heatstroke
Operators of designated facilities will be asked to open them for use by people to escape the heat when a special alert for heatstroke is issued.
An analysis of the Bank of Japan's accounts suggests an intervention of about ¥5.5 trillion took place on Monday to prop up the yen.
BUSINESS / Markets
May 1, 2024
BOJ accounts suggest Japan intervened to support yen
The Bank of Japan said its current account will probably fall ¥7.56 trillion — much bigger than the drop of about ¥2.1 trillion estimated.
A vacant house in Tokyo is seen demolished in January 2020.
JAPAN
May 1, 2024
Number of vacant homes in Japan hits record high of 9 million
The preliminary figure jumped by 510,000 from 2018, when the previous survey was taken, and doubled from 4.48 million in 1993.
Defense Minister Minoru Kihara takes part in an arrival ceremony with U.S. Secretary of Defense Lloyd Austin at the Pentagon in Washington last October.
JAPAN / Politics / FOCUS
Apr 30, 2024
‘Collective capacity’ to top agenda at four-way defense talks in Hawaii
One thing will be on Defense Minister Minoru Kihara's mind: how to deepen military and security cooperation with allies to counter China.
The Ground Self-Defense Force's Amphibious Rapid Deployment Brigade takes part in a military drill on the uninhabited Irisuna island in Okinawa Prefecture, close to the prefecture's main island, in November. Japan's defense-related spending for fiscal 2024 is expanding to 1.6% of its gross domestic product.
JAPAN / Politics
Apr 29, 2024
Japan ups defense spending to 1.6% of GDP with eye on 2027 goal
The budget edges closer to the 2% of GDP standard that many Western nations have targeted, which Tokyo aims to achieve by 2027.
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
BUSINESS / Markets / FOCUS
Apr 28, 2024
When will Japan intervene to support the yen?
The yen hit a 34-year low past ¥158.40 per dollar in U.S. trading on Friday, after the BOJ announced a decision to keep its monetary policy unchanged.
Currency rates at an exchange shop in Tokyo on Friday.
BUSINESS
Apr 26, 2024
Yen swoons in jittery trading in wake of BOJ standing pat
The yen’s extended slump has heightened speculation that authorities may intervene in the market.
Defense Minister Minoru Kihara said he has instructed his ministry to investigate whether or not there have been any further incidents.
JAPAN / Politics
Apr 26, 2024
Five senior SDF officers punished for mishandling secret info
They passed on secret information to personnel within their units who were not cleared to handle such data.
Defense Minister Minoru Kihara (third from left) attends a ceremony last month for the Ground Self-Defense Force's systems communications and cyber school.
JAPAN / Politics / ANALYSIS
Apr 26, 2024
The glitch in Japan's plans to bolster U.S. defense
Japan has suffered high-profile hacks in recent years that have elevated concerns over whether Tokyo can fully support its security partners.
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
BUSINESS / Markets
Apr 25, 2024
Yen inches closer to intervention point as BOJ meeting starts
For the first time in over 30 years, the yen weakened beyond ¥155 per dollar, sending traders on the alert for possible intervention.
An electronic board in Tokyo showing the yen-dollar rate on Wednesday
BUSINESS / Markets
Apr 24, 2024
Japan ‘very close’ to yen intervention, former top currency official says
Market reaction to U.S. data could encourage Japanese authorities to act about the yen, according to Mitsuhiro Furusawa.
A crew member walks past an SH-60K helicopter on the deck of the Maritime Self-Defense Force's Hyuga-class Ise helicopter carrier during a joint exercise between the U.S. and Japan in the Philippine Sea on Jan. 31.
JAPAN
Apr 23, 2024
U.S. military and MSDF ocean observation ship to join hunt for crashed helicopters
The search effort is ramping up as officials work to narrow down the cause of the deadly crash.
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
BUSINESS / Markets
Apr 23, 2024
Tokyo issues strong warning on yen intervention as currency dips further
Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.
About 60% of small and mid-sized companies plan to raise wages in fiscal 2024, a government survey shows.
BUSINESS / Economy
Apr 23, 2024
70% of Japan companies to raise pay-scales in FY 2024
Survey results showed that about 40% of firms were struggling with labor shortages even after raising wages.
Prime Minister Fumio Kishida speaks at a meeting for Noto Peninsula reconstruction at the Prime Minister's Office on Tuesday.
JAPAN
Apr 23, 2024
Japan OKs ¥138.9 billion in fresh spending over Noto quake
This will be the fourth round of spending from the state reserve funds for the quake-affected areas in central Japan.
Tokyo observed the first "extremely hot day" of the season on July 10, 2023, when the temperature hit 36.5 degrees. A new heatstroke alert system will be put in place on Wednesday.
JAPAN / Science & Health
Apr 23, 2024
Japan to put special alert system for heatstroke in place
The Environment Ministry will put in place a special alert system for heatstroke to protect people from unprecedented heat.
Saturday's crash involved two Maritime Self-Defense Force SH-60K helicopters that were conducting nighttime anti-submarine training about 270 kilometers east of Torishima in the Izu Islands.
JAPAN
Apr 22, 2024
No sign of aircraft issues in MSDF chopper crash, defense officials say
As the search for survivors continues, officials acknowledge the difficulty of salvaging the helicopters due to the depth of waters at the crash site.
The Air Self-Defense Force's T-4 jet trainers are expected to be replaced with a new trainer co-developed by Japan and the United States.
JAPAN / FOCUS
Apr 22, 2024
Japan-made jet trainer plans dim after Kishida-Biden summit
Some lawmakers in Japan's ruling bloc have questioned the idea of joint development
Contact was lost with the two SH-60K helicopters, each carrying four crew, in an area east of Torishima in the Izu Island chain during anti-submarine warfare training Saturday night.
JAPAN
Apr 21, 2024
At least one dead, seven missing after two MSDF helicopters crash off Izu Islands
The two aircraft were believed to have collided during a nighttime training anti-submarine drill, Defense Minister Minoru Kihara said.
Finance Minister Shunichi Suzuki speaks during an event in Washington on Thursday.
BUSINESS / Markets
Apr 20, 2024
Japan finance chief issues fresh warning on excessive yen moves
Finance Minister Shunichi Suzuki repeated his warning to investors against pushing down the yen too much.

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