Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports
Jul 2 2024 // Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported. Tokio Marine Holdings...
Japan Auto Safety Scandal Widens; Toyota Halts Shipments of Some Vehicles
Jun 3 2024 // A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications to certify...
KKR Weighs Entering Private Credit in Japan to Challenge Banks
Jun 3 2024 // KKR & Co. is considering entering the private credit market in Japan to provide an alternative to bank loans. “It will be a medium to long-term initiative,” Hiro Hirano, the head of KKR Japan said in an...
Robot to Remove Melted Nuclear Fuel From Japan’s Damaged Fukushima Reactor
May 30 2024 // The operator of Japan’s destroyed Fukushima Daiichi nuclear power plant demonstrated Tuesday how a remote-controlled robot would retrieve tiny bits of melted fuel debris from one of three damaged reactors later this...
Japan’s Insurers Surge on Buybacks, Unwind of Cross-Holdings
May 21 2024 // Shares of Japanese insurers MS&AD Insurance Group Holdings Inc. and Tokio Marine Holdings Inc. surged after the companies announced stock buybacks, as well as plans to sell their holdings in client...
Japanese Lens Maker Hoya Halts Production After Cyberattack
Apr 4 2024 // Japanese lens maker Hoya Corp. on Thursday said the production of several of its products have stopped after a system failure, which was “most likely caused by unauthorized access” to its servers. Hoya said the...
Japanese Authorities Inspect Second Kobayashi Pharma Factory After Deaths
Apr 2 2024 // Health authorities searched a second Kobayashi Pharmaceutical factory in western Japan on Sunday after the company reported five deaths possibly tied to dietary supplements, an official said. The inspection in Wakayama...
Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says
Mar 21 2024 // At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on Thursday. Two South Korean nationals were among the dead, it said, adding that the...
Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports
Mar 20 2024 // A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed, public broadcaster NHK reported on Wednesday, citing the coastguard. The tanker,...
Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years
Mar 19 2024 // The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary...
People Moves: Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance; WTW Taps Aon’s Bosc for Global Specialty Team
Mar 6 2024 // This edition of International People Moves details appointments at Sompo Japan and Willis Towers Watson (WTW). A summary of these new hires follows here. Sompo Japan Names Takahashi as Chief Risk Officer, Head of...
Michigan Town to Pay $320K to Japanese Man Wrongly Accused of Drunken Driving
Mar 5 2024 // A Michigan village has agreed to a $320,000 settlement with a man from Japan who was wrongly accused of drunken driving after a police officer badly misread a breath test, court records show. Ryohei Akima blew a 0.02 on...
AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B
Jan 5 2024 // The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market...
Japan Earthquake Casts Cloud Over Push to Restart Nuclear Plants
Jan 5 2024 // The powerful earthquake that hit Japan’s western coast on New Year’s Day has underscored the country’s exposure to natural disasters, casting fresh doubt over a push to bring its nuclear capacity back...
Japan Airline’s Runway Collision Marks Test of How New Carbon Jets Cope in Disaster
Jan 5 2024 // Tuesday’s runway collision in Japan marks the first time a modern lightweight airliner has burnt down and is being seen as a test case for how well a new generation of carbon-composite airplanes copes with a...
Update: Japan Airlines Counts Losses From Wrecked Tokyo Plane
Jan 4 2024 // Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo’s Haneda airport this week. All...
Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision: Sources
Jan 3 2024 // U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance industry sources said...
Japan Airlines Flight Was Cleared to Land Before Fiery Collision at Tokyo Airport
Jan 3 2024 // As Japan Airlines Co. Flight 516 approached Tokyo’s Haneda Airport late on Tuesday afternoon, all signs pointed to an uneventful conclusion to the routine one-and-a-half hour journey from Sapporo in northern...
Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64
Jan 3 2024 // The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the government doubled the number of personnel dispatched to the affected areas to bolster rescue operations. The...
Tokyo Airport Collision Leaves 5 Dead, Japan Airlines’ Aircraft in Flames
Jan 2 2024 // All 379 people aboard a Japan Airlines (JAL) plane escaped the burning airliner after a collision with a Coast Guard aircraft at Tokyo’s Haneda airport that killed five of six crew on the smaller craft on...
