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December 22, 2024
 

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USED CARS

Used cars are sold at high prices at a dealership in Nagoya as a surge in export demand has reduced supply on the domestic market.
BUSINESS / Companies / Regional voices: Chubu
Sep 2, 2024
Japanese businesses grapple with exchange rate swings
For the used car sector, the weaker yen has resulted in buyers being forced to pay higher prices due to increased export demand.
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 Bigmotor outlet in Tama, Tokyo, in September
BUSINESS / Companies
Mar 6, 2024
Itochu announces turnaround support for Bigmotor
Itochu is considering investing ¥20 billion in a new company to take over Bigmotor's key assets.
JAPAN / Crime & Legal
Jan 31, 2024
First Bigmotor employee arrested over alleged removal of roadside trees
Toshiyuki Kamohara, 51, is believed to have instructed staff at the company's Kawasaki outlet to cut down trees near the store.
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.
Subsidies in China turned the country into an electric vehicle giant but produced weed-infested graveyards of abandoned EVs.
BUSINESS / Tech
Dec 25, 2023
No one wants used EVs, making new ones a tougher sell too
In the $1.2 trillion secondhand market, prices for battery-powered cars are falling faster than for their combustion-engine cousins.
BUSINESS / Companies
Nov 14, 2023
FSA to revoke Bigmotor's registration as insurance agent
The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
A used KIA electric car is seen for sale outside the showroom of a used car dealer in Manchester, Britain
BUSINESS / Tech
Oct 23, 2023
The battery test race to work out what used EVs are really worth
There used to be no way to measure battery health. But that is changing as firms rush to scale up EV battery tests — some of which take just minutes.
BUSINESS / Companies
Oct 20, 2023
Transport ministry moves to punish Bigmotor outlets over fraud
Violations by the used car chain have included overcharging customers for inspection and maintenance fees.
BUSINESS
Oct 11, 2023
Panel raps Sompo Japan's resumption of business with Bigmotor
The report said the resumption of business was caused by concerns among Sompo Japan execs about possibly losing deals with Bigmotor to rivals.
Secondhand Toyota cars on sale in Moscow in July 2016
BUSINESS / Companies
Oct 3, 2023
Japan puts the brakes on lucrative used-car trade with Russia
While wiping out Russia's biggest source of used cars, sanctions have driven down prices for secondhand cars in Japan.
JAPAN / Crime & Legal
Sep 19, 2023
Watchdog starts on-site probe of Bigmotor and Sompo Japan
The investigation aims to dig deeper into the insurance fraud scandal by the leading used-car dealer. The probe is likely to take several months.
JAPAN / Crime & Legal
Aug 28, 2023
Car thefts on the rise in Japan as vehicle prices remain high
Cases of car theft increased last year for the first time in almost a decade, with Aichi the most affected prefecture, and are still rising rapidly.
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.
BUSINESS / Companies
Jul 28, 2023
Transport ministry conducts on-site probe of Bigmotor amid scandal
The surprise inspection, which covered dealerships in 24 prefectures, came after the ministry interviewed Bigmotor executives including newly appointed President Shinji Izumi on Wednesday.
BUSINESS / Companies
Jul 25, 2023
Bigmotor chief to resign in wake of repair fraud scandal
Employees were found to have intentionally damaged the vehicles of some customers in order to charge excessive repair fees and make fraudulent insurance claims.
BUSINESS
Jul 19, 2023
Bigmotor releases report on insurance fraud
According to the report, 61 workers, or nearly 60% of 104 surveyed employees, said they had been ordered by their supervisors to pad car repair charges to receive bigger insurance payouts.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

Podcast

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

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By Alex K.T. Martin

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