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July 16, 2024
 

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INSURANCE

Tokyo police have arrested a 27-year-old woman for posting online personal information of a professional baseball player along with violent messages.
JAPAN / Crime & Legal
Jul 10, 2024
Ex-Nippon Life staffer arrested over leak of Giants player's information
The suspect, Satomi Amano, has denied the charges, claiming she doesn't remember her actions due to having made “so many posts.”
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024
Insurers and banks to sell Honda shares worth $3.3 billion, filing shows
The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
A general shareholders meeting is held at Sompo Holdings in Tokyo on Monday.
BUSINESS / Companies
Jun 24, 2024
Japan nonlife insurers apologize to shareholders over scandals
Leaders of three major Japanese nonlife insurers apologized at their respective general shareholders meetings over scandals rocking the industry.
The government is set to start discussing the idea of extending public health insurance coverage to include childbirth from fiscal 2026.
JAPAN
Jun 9, 2024
Japan to discuss public insurance coverage of childbirth
The average of childbirth costs across Japan stood at some ¥482,000 in fiscal 2022.
Japan Post Insurance, one of the nation’s biggest life insurers, held about ¥60.9 trillion in assets as of the end of March, of which around ¥47.7 trillion were securities, mainly government bonds.
BUSINESS / Markets
Jun 3, 2024
Japan Post goes slow in buying longest bonds after BOJ rate hike
Japan Post forecast in April that the 30-year government bond yield will be 2% at the end of March 2025
The health ministry says it will conduct its first survey on how much foreign residents are paying in health insurance and pension premiums.
JAPAN / Society
May 28, 2024
Health ministry to collect data on insurance premium payments by foreign residents
The ministry currently has no data on how much foreign nationals are paying in terms of health insurance payments and pension premiums.
Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024
New firm formed to take over Bigmotor's operations
Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
A bill to tackle the low birthrate is passed at a Lower House plenary session on Friday.
JAPAN / Politics
Apr 19, 2024
Lower House approves bill aimed at tackling low birthrate
The government plans to start collecting the fees in fiscal 2026 and gradually increase the amounts to secure ¥1 trillion annually from fiscal 2028.
Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024
Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio
The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
The Meiji Yasuda Life Insurance headquarters in Tokyo. Japan's life insurers will lay out their investment plans for the new fiscal year starting this month.
BUSINESS / Companies
Apr 15, 2024
Investment plans for Japan’s insurers will likely favor JGBs
Companies will lay out their plans for the fiscal year starting this month.
Ayuko Kato, minister for children-related policies
JAPAN
Apr 12, 2024
Japan discloses more details of costs to fight low birthrate
The planned fees that will be added to public medical insurance premiums aims to help secure funds to combat the declining birthrate trend.
Japan will charge members of medical insurance programs with fees starting in fiscal 2026 to tackle the country's sluggish birthrate.
JAPAN
Mar 29, 2024
Fight against low birthrate to cost ¥450 monthly per head
The government plans to boost annual spending on measures to fight the sluggish birthrate to ¥3.6 trillion by fiscal 2028.
Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024
Four general insurance firms punish 132 people over price-fixing
The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
A fight over Benefit One is the latest in a growing number of takeover deals in Japan, spurred in part by the Tokyo Stock Exchange pushing for improved corporate governance.
BUSINESS / Companies
Feb 8, 2024
Dai-ichi Life gets Pasona's nod on Benefit One acquisition
The agreement with Pasona Group, which owns 51.16% of Benefit One, is crucial for Dai-ichi to win the battle against digital health care provider M3.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024
Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing
The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
The Meiji Yasuda Life Insurance headquarters in Tokyo. The insurer isn't interested in buying Japan’s superlong sovereign bonds until yields start rising.
BUSINESS / Markets
Jan 16, 2024
Meiji Yasuda Life Insurance to avoid Japan sovereign bonds for now
Japanese life insurers are the main buyer of bonds due in more than 10 years and typically increase purchases toward the end of the fiscal year.
Rescuers search for missing victims at a landslide site in the Kawashima district in the city of Anamizu, Ishikawa Prefecture, on Saturday after a major earthquake struck the Noto region on New Year's Day.
JAPAN
Jan 6, 2024
Ishikawa quake estimated to cost insurers $6.4 billion, report says
The government is considering designating the powerful earthquake as a disaster of extreme severity, raising subsidy rate for restoration projects.
The Tokio Marine & Nichido Building in the Marunouchi district of Tokyo
BUSINESS / Companies
Dec 26, 2023
Japan penalizes biggest property insurers for price fixing
The Financial Services Agency has issued business improvement orders on the core units of Tokio Marine, MS&AD Insurance and Sompo.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023
FTC inspects nonlife insurers over alleged joint contract cartel
The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
Prime Minister Fumio Kishida addresses a meeting to discuss the results of comprehensive inspection of My Number information held at the Prime Minister's Office on Tuesday.
JAPAN
Dec 13, 2023
15,907 mistakes found over My Number info linkages
The government said it has completed personal identification checks for 82.06 million of the 82.08 million My Numbers subject to inspection.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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