Industry News

JETRO Selects Projects for “Subsidy to Stimulate Direct Investment in Japan”

The Japan External Trade Organization (JETRO) has announced the selection of projects set to receive the “Subsidy for Projects to Stimulate Direct Investment in Japan.” The announcement comes after a thorough review of applications submitted by various business entities. The selected projects will receive financial support as part of JETRO’s initiative to stimulate foreign direct investment into the Japanese economy. […]

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Ministry of Economy, Trade and Industry (METI)

METI Releases 2023 White Paper on International Economy and Trade

The Ministry of Economy, Trade and Industry (METI) has released its annual White Paper on International Economy and Trade, following a presentation to the Cabinet. The 2023 edition focuses on global economic trends and their impact on trade as well as policy changes in foreign countries. The first section of the paper discusses the current state of the global economy, […]

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Mitsui Chemicals Announces Major Reorganization of Subsidiary Tohcello

Mitsui Chemicals has announced a significant shakeup of its wholly owned subsidiary Mitsui Chemicals Tohcello. The Tokyo-based corporation plans to split off Tohcello’s Protective Films business and Industrial Films & Sheets business, both of which are part of the Information and Communication Technology (ICT) business. A newly created, wholly owned subsidiary will inherit these ICT components, with Mitsui Chemicals Tohcello’s […]

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Ministry of Economy, Trade and Industry (METI)

METI and MIC Release Results of Japan’s 2021 Economic Census for Business Activity

The Ministry of Economy, Trade and Industry (METI) and the Ministry of Internal Affairs and Communications (MIC) have released the results of the 2021 Economic Census for Business Activity. The census, which aims to thoroughly evaluate matters related to accounting, including sales and costs across all of Japan’s industry sectors, was conducted on June 1, 2021. The survey found that […]

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AI-Based Water Monitoring System Pilot Launched by NTT Docomo Group

NTT Docomo, NTT Communications, and NTT Comware have begun a trial of an artificial intelligence (AI) system designed to monitor water levels in rivers and reservoirs. The system is now available for testing to companies and local governments across the nation, with a projected commercial release in March 2024. The new system replaces traditional physical water gauges with AI technology […]

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Japan Advances Seven Projects to Boost Carbon Capture

The Japan Organization for Metals and Energy Security (JOGMEC) has selected seven projects as part of a strategic initiative aiming for the scale-up of carbon capture and storage (CCS) efforts and reduction of costs by 2030. JOGMEC’s goal is to implement full-scale CCS projects to reach carbon neutrality by 2050. These selected projects are expected to help Japan secure an […]

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Japanese Travel and Tourism Nearing Pre-Pandemic Levels, Forecasts WTTC

The World Travel and Tourism Council’s (WTTC) economic impact research for 2023 reveals that Japan’s travel and tourism sector’s GDP contribution is projected to reach $285.5 billion this year. This estimate is just 6.8 percent shy of the pre-pandemic peak of $306.5 billion from 2019. Despite the lingering impacts of the pandemic, the WTTC forecasts that the sector will generate […]

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panasonic mazda batteries

Panasonic Energy, Mazda in Talks for Long-term Partnership for EV Battery Supply

Panasonic Energy and Mazda are in discussions about establishing a medium- to long-term partnership aimed at meeting the increasing demand for electric vehicle (EV) batteries. The potential collaboration is poised to leverage Panasonic Energy’s automotive cylindrical lithium-ion batteries, produced at its plants in Japan and North America. Mazda would install these batteries in its EVs, slated for launch in the […]

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mitsubishi electric

Mitsubishi Electric to Invest in Second Factory Automation Building in Aichi

Mitsubishi Electric has announced a new 42.5 billion yen ($297 million) investment for the construction of a second factory automation (FA) control-system production building in Owariasahi City, Aichi Prefecture. The second building, part of the company’s Nagoya Works campus, will increase the total investment in the project to 55.5 billion yen. The plan for this second production facility follows the […]

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toyota prius upgrade

Toyota Now Offers Post-Purchase Upgrades for Cars to Evolve as Tech Advances

Toyota has launched a new service in Japan, letting Prius U Grade owners upgrade their vehicles with new tech and features post-purchase that allows customers to swiftly evolve their cars in line with technological innovation. This move comes as part of the company’s effort to enhance the value of its vehicles. Toyota has previously offered retrofitting of new equipment not […]

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Mitsubishi Shipbuilding Partners with Swiss Firm for Eco-Friendly Marine Engines

Mitsubishi Shipbuilding Co., a subsidiary of Mitsubishi Heavy Industries (MHI) Group, said that it has agreed to conduct technical studies on an ammonia fuel supply system for large, low-speed, two-stroke marine engines. These engines are currently being developed by Swiss firm Winterthur Gas & Diesel AG (WinGD), a leader in the design of large marine engines. The agreement was formalized […]

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Honda Aircraft Unveils Plans for New Fuel-Efficient Light Jet

Honda Aircraft Company is expanding its reach in the skies with the commercialization of a new light jet, building on the success of its existing HondaJet Elite II. The announcement came on June 13, as the company introduced plans to begin production of the HondaJet 2600 Concept. The new jet was first showcased at the 2021 National Business Aviation Association’s […]

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Fujitsu Unveils Blockchain Tech for Streamlined Cross-Border Transactions

Fujitsu has announced the completion of a year-long pilot program for its proprietary blockchain technology, “ConnectionChain,” aimed at improving the efficiency and security of cross-border financial transactions. The trial, in collaboration with the Asian Development Bank, ConsenSys Software Inc., R3, and Soramitsu, successfully demonstrated the new technology’s effectiveness in enhancing the safety of cross-border securities settlements in various regions including […]

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Toyochem Introduces Flexible, Lightweight EMI Shielding Film for Electronics

Toyochem, the polymers and coatings segment of the Toyo Ink Group, unveiled the Liotelan series, a breakthrough in flexible conductive and insulating sheet films for the protection of electronic equipment. The announcement came on June 9, heralding a new era for electronic device designers, allowing them to create smaller and lighter devices without sacrificing shielding effectiveness. Traditionally, metals have been […]

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tepco toyota battery storage system

Tepco and Toyota Collaborate to Develop Stationary Storage Battery System

Tokyo Electric Power Company (Tepco) and Toyota have announced the joint development of a stationary storage battery system with a 1 MW output and 3 MWh capacity. The system combines Tepco’s operating technology and safety standards for stationary storage batteries with Toyota’s system technology for electrified vehicle storage batteries. The battery system will be installed at the Eurus Tashirotai Wind […]

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