The number of people who stayed overnight at hotels and inns in Japan in 2024 reached 651.49 million, a record high, according to overnight travel statistics released by a Japanese government agency on February 31. The number of Japanese overnight stays totaled 486.68 million, down 2.6% from the previous year, while the number of foreign […]
ANA Holdings, which owns Japan’s leading airline ANA, announced on February 25 that it will procure a total of 77 aircraft from three companies: Boeing of the United States, Airbus of Europe, and Embraer of Brazil. The company has positioned international flights as a growth area, including the expansion of inbound demand, and the introduction […]
Mitsubishi UFJ Financial Group, which has Mitsubishi UFJ Bank under its umbrella, is considering the establishment of a new bank specializing in Internet banking, where procedures such as account opening and remittance can be completed on a mobile device. The bank is expected to open in 2026 at the earliest. In Japan, the Bank of […]
Sumitomo Mitsui Card has released a report on credit card spending trends by foreigners visiting Japan. According to the report, the amount of credit card payments by foreigners visiting Japan from January to November 2024 increased significantly, up 50.4% from the same period in 2019 before the Covid-19 Disaster and up 55.3% from the same […]
In addition to metropolitan areas, the number of high-priced condominiums for sale in Japan’s regional cities, especially those with sales prices of 100 million yen or more, known as Oku-shon (million-unit condominium), is increasing. According to a survey by the Rifle Homes Research Institute, the number of million-apartment locations listed on the Rifle Homes housing […]
On February 13, 2025, Nomura Research Institute, Ltd. released a survey of the wealthy in Japan. According to the survey, the number of “high-net-worth” households with net financial assets of 100 million JPY or more and “ultra-high-net-worth” households with net financial assets of 500 million JPY or more has reached an estimated 1.65 million in […]
Interbrand Japan, a subsidiary of Interbrand Inc. of the U.S., has released its 2025 ranking of the brand value of Japanese companies. The ranking is the result of converting corporate brand values into monetary values based on expected profits over the next five years or so. Toyota is at the top of the ranking, and […]
Uber Japan announced the launch of “Uber Teens,” a new service that allows children ages 13 to 17 to hail a cab under the supervision of their parents or guardians, for the first time in Japan on November 11. The service is available in a total of 30 cities in 11 prefectures (Hokkaido, Aomori, Miyagi, […]
On December 10, KOSÉ, a major Japanese cosmetics manufacturer, announced the acquisition of Thailand’s Puri, which operates the PAÑPURI cosmetic brand. KOSÉ is expected to acquire Thailand’s top share brand to strengthen its business in Southeast Asia, India, and other markets in the Global South. By utilizing KOSÉ’s global sales network, PAÑPURI is expected to […]
The opening of new luxury hotels is accelerating in Osaka in anticipation of the Osaka-Kansai Expo to be held in 2025. With the opening of the Expo as well as the future opening of integrated resorts, including casinos, demand is expected to remain high for the foreseeable future. The Waldorf Astoria, a top-of-the-line hotel by […]