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November 24, 2024
 

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INSURANCE

Nippon Life Insurance headquarters in Osaka. Japanese insurers are seeking more investments in private credit, attracted to their floating interest rates as global borrowing costs jump.
BUSINESS / Companies
Aug 18, 2023
Private credit boom attracts Japan insurers with $2.6 trillion
Dai-ichi Life Insurance and Nippon Life Insurance are among companies that are seeking more investments in private credit.
Prime Minister Fumio Kishida (left) and Digital Minister Taro Kono observe digitized administrative procedures in the city of Fukuoka on July 27.
JAPAN / Politics
Aug 8, 2023
My Number report highlights errors by insurers and local governments
Roughly 20% of surveyed local governments followed the wrong procedures when linking My Number with disability records.
Transport ministry officials leave a Bigmotor dealership in Nagoya on Friday after conducting on-site inspections.
BUSINESS / Companies
Jul 31, 2023
Bigmotor suspected of fabricating insurance contracts
The news came on top of an investigation report that showed employees padded maintenance fee claims to insurance firms by deliberately damaging cars.
Bigmotor's cozy relations with insurers have come to light in the wake of its scandal over fraudulent auto insurance claims.
BUSINESS / Companies
Jul 27, 2023
Repair fraud scandal spotlights cozy ties between Bigmotor and insurers
Japanese used car dealer Bigmotor's scandal over fraudulent auto insurance claims has spotlighted its cozy relations with major insurers.
The expansionist era is over for Taiwan's life insurance industry.
BUSINESS
Jul 27, 2023
U.S. interest rate hikes haunt Taiwan’s $1 trillion life insurance industry
Over the past year, local regulators have repeatedly loosened operating rules after a cocktail of unrealized investment losses.
Japan Times
LIFE / Travel
Jul 8, 2023
Is space the final frontier of extreme travel insurance?
Last year, the Japan Aerospace Exploration Agency and Mitsui Sumitomo Insurance said they would jointly develop space insurance offerings.
Japan Times
JAPAN
Jun 29, 2023
Japan aims to fix medical fee errors linked to My Number by August
System errors over the use of My Number cards as health insurance certificates have caused many patients to have to pay the full amount of medical costs out of their own pocket.
Japan Times
JAPAN
Jun 21, 2023
Public opposition grows over My Number and health insurance merger
Resistance to the integration of the two cards has been driven by reports of errors and privacy breaches when the cards have been linked.
Japan Times
BUSINESS / Companies
Jun 1, 2023
Sky-high hedging costs push biggest Japanese insurers to riskier avenues
Currency swaps protected more than 11% of overseas securities owned at the end of the fiscal year to March, according to earnings reports from nine of the largest life insurance companies.
Japan Times
WORLD
May 21, 2023
Heat insurance offers climate change lifeline to poor workers
This form of disaster assistance is on the rise across the developing world, as vulnerable communities are hammered by worsening drought, storms and heat waves.
Japan Times
BUSINESS
May 3, 2023
Here are five ways finance is trying to de-risk heat waves
From heatstroke insurance to plans that reimburse dairy farmers when cows are too hot to produce milk, a new wave of products may help communities.
Japan Times
JAPAN / Regional voices: Chubu
Apr 24, 2023
Integration of My Number and health insurance cards accelerating
Concerns remain among medical and welfare workers who worry about the possibility of people who don’t own My Number cards having difficulty seeing a doctor.
Japan Times
JAPAN / Science & Health
Apr 20, 2023
Japan health insurance societies to log record loss in fiscal 2023
The National Federation of Health Insurance Societies, or Kenporen, said that its member societies are expected to log a record loss in fiscal 2023.
Japan Times
BUSINESS / Markets
Apr 18, 2023
Japan insurer to sell all currency-hedged foreign debt as costs rise
The strategy, among the first to be disclosed by Japanese life insurers this fiscal year, may foreshadow a renewed wave of selling by some of the biggest investors in global bond markets.
Japan Times
JAPAN
Apr 6, 2023
Japan weighs raising social insurance premiums to help tackle falling birthrate
Several trillion yen is expected to be necessary to implement all items in a draft package of measures for addressing the country's low birthrate released last week.
Japan Times
JAPAN
Apr 5, 2023
Japan insurer to offer policy against bullying
While financial losses are likely not a parent's first concern should their child be bullied, a new insurance policy to be made available later this year will attempt to ease those worries.
Japan Times
BUSINESS / Companies
Mar 29, 2023
Japan’s Dai-ichi Life turns $260 billion portfolio toward JGBs
Dai-ichi was among the biggest holders of foreign bonds as a result of the BOJ’s decadelong stimulus drive, but now is increasing investments in superlong government bonds.
Japan Times
BUSINESS
Dec 30, 2022
Japan insurers to continue marine war coverage near Russia after government steps in
The insurers changed tack after warning policyholders last week of a halt to the insurance coverage from the start of 2023.
Japan Times
BUSINESS
Dec 28, 2022
Japan asks insurers to retain marine war cover for LNG shippers in Russian waters
The Financial Services Agency and Agency for Natural Resources and Energy made the rare request in a joint letter to the country's general insurance association.
Japan Times
BUSINESS
Dec 24, 2022
Japan firms to stop insuring ships in all Russian waters
Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance started notifying shipowners about their decision on Friday, a report said.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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