Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments
Jul 5 2023 // Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or...
Toyota Blames Human Error for Leak of Vehicle Data of 2 Million Users in Japan
May 12 2023 // Toyota Motor Corp. said on Friday the vehicle data of 2.15 million users in Japan, or almost the entire customer base who signed up for its main cloud service platforms since 2012, had been publicly available for a decade...
Japan’s Sompo to Focus on Integration After Spree of Overseas Acquisitions
Apr 26 2023 // Sompo Holdings Inc. will place more focus on integrating domestic and overseas operations for further growth after a spell of acquisitions abroad boosted the global presence of Japan’s No. 3 non-life insurer group, a...
Gallagher Launches Brokerage in Japan, Led by 2 Former Marsh Execs
Apr 20 2023 // Gallagher has launched an insurance brokerage in Japan, which specializes in insurance solutions to both commercial clients and wholesale facultative insurance to other brokers. The Japanese unit is led by two former Marsh...
Japanese Banks (and Insurers) Face Spotlight for ‘Gender Washing’ Women Managers
Apr 19 2023 // Some Japanese banks may soon come under the spotlight for potential “gender washing” over the way they count the number of women in management positions. Japan’s Financial Services Agency found a big...
Supply Chain Hack in Japan Provides Warning for Businesses Across the Globe
Apr 18 2023 // Kojima Industries Corp. is a small company and little-known outside Japan, where it produces cup holders, USB sockets and door pockets for car interiors. But its modest role in the automotive supply chain is a critical...
Japanese Insurer’s Plan to Sell Foreign Debt Flashes Market Warning
Apr 18 2023 // A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may become a renewed wave of selling by some of the biggest investors in global bond...
Japanese Shipping Firm Seeks Government Support for Russia Insurance Risk
Mar 23 2023 // Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war in Ukraine. Conditions for getting war insurance for ships entering Russian territorial...
Banker’s Heirs Sue Japanese Insurer Over Van Gogh’s ‘Sunflowers’
Jan 18 2023 // Vincent van Gogh’s Sunflowers painting should be returned to the family of its former owner by Sompo Holdings Inc., the Japanese insurer that bought the famous artwork despite its tainted Nazi-era past, according to...
Japan Indicates Delay of Fukushima Plant Water Release
Jan 17 2023 // Japan has revised the timing of a planned release to the sea of treated but still radioactive wastewater at the Fukushima nuclear power plant to “around spring or summer,” indicating a delay from the initial...
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters
Dec 30 2022 // Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for liquefied natural gas (LNG) vessels, industry...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG?
Dec 29 2022 // Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers said they would halt marine war insurance for ships...
Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies
Dec 27 2022 // Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing war in Ukraine — will affect supplies from the key Sakhalin-2 project in...
Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters
Dec 27 2022 // The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in Russian waters, a senior official at the industry ministry...
Powerful Typhoon Unleashes Torrential Rain, Floods, Winds in Japan
Sep 19 2022 // A powerful typhoon barreled through southwest Japan on Monday, unleashing torrential rains and lashing winds that killed at least two people, triggered floods and caused thousands to evacuate to safety. Typhoon Nanmadol is...
Japanese Chemical Tanker Crashes Into Cargo Ship off Coast of Japan
Aug 22 2022 // A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast guard said Saturday. No one was injured among the six Japanese crew members aboard the tanker Ryoshinmaru and 14...
Japan Truck Manufacturer Hino Admits It Faked Emissions Data for 20 Years
Aug 5 2022 // TOKYO (AP) – Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday. President...
Japanese Insurers Sell Heatstroke Coverage as Temperatures Soar to Record Levels
Jul 26 2022 // As temperatures soar to unprecedented levels from Europe to Asia this summer, some Japanese insurance companies have begun selling policies to protect people struck down by the heatwave. Sompo Holdings Inc. and Sumitomo...
Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover
Jun 23 2022 // Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a new division, Nexus Frontier. Frontier is a financial lines...
Japan’s Government Not Liable for Damages From Fukushima Nuclear Disaster: Court
Jun 20 2022 // Japan’s government is not liable for damages demanded by people whose lives were devastated by the Fukushima nuclear disaster, the country’s top court said on Friday, the first such ruling in a series of...
