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Monthly number of visitors to Japan hits record high in January

The monthly number of foreign visitors to Japan hit a record high in January, partly reflecting travel demand from China and other parts of Asia during the Lunar New Year holiday period, a Japan National Tourism Organization report showed Wednesday. The number of inbound visitors is estimated to have risen 40.6% from a year before to 3,781,200, exceeding 3 million for the fourth consecutive month and surpassing the previous record high of 3,489,800 marked in December 2024. By country or region, the number of visitors from mainland China jumped 2.4 times to 980,300, in a belated recovery from the effects of the COVID-19 pandemic. The figure for China was the third highest after 1,050,420 in July 2019 and 1,000,639 in August 2019, both before the pandemic. Demand for travel to Japan among Chinese people has “strong momentum,” Naoya Haraikawa, commissioner of the Japan Tourism Agency, said at a news conference. The number of Chinese visitors was also boosted by an increase in the number of flights to Japan, including those to regional areas of the country. Visitors from South Korea came in second, totaling 967,100, up 12.8%, followed by 593,400 visitors from Taiwan, up 20.5%. Visitors from Australia and the United States also increased, especially those hoping to enjoy winter sports in Japan. The monthly number of visitors from Australia rose 35.3% to a record high of 140,200. Visitors from the United States totaled 182,500, up 38.4%. Source link

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South Korea willing to take North Korean POWs from Ukraine

South Korea said it’s willing to accept any North Korean soldiers captured in Ukraine who express a desire to defect to the South, an idea that emerges amid reports of thousands of North Korean soldiers sustaining casualties in support of Russian troops. “North Korean soldiers are our citizens under the Constitution and respecting individuals’ free will is in line with the international law and customs,” South Korea’s foreign ministry said in a statement on Wednesday. Ukraine earlier said it captured two North Koreans fighting for Russia in the Kursk region and that it was ready to return the captured soldiers if Pyongyang can facilitate an exchange for Ukrainian soldiers held in Russia. Ukraine President Volodymyr Zelenskyy earlier said about 4,000 North Korean soldiers were killed or injured in the Kursk region, a figure that hasn’t been verified. South Korea’s comments came after a captured soldier said in an interview with the Chosun Ilbo newspaper that he wants to seek asylum in South Korea. The newspaper quoted an unidentified Ukrainian official saying that whether that might be possible would depend on the views of the South Korean government, without elaborating further. South Korea said it has delivered its intent to its Ukrainian counterparts and that they would continue necessary consultations. “They should not be sent against their will to a place where there’s a threat of persecution,” the ministry added. Top officials from the U.S. and Russia met earlier this week for a first round of talks over the war in Ukraine and raised the possibility of broader cooperation, signaling President Donald Trump’s desire to reboot a battered relationship. Source link

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Shipyards of Bangladesh brace as heavy emitting ships near end of life

SITAKUNDA, Bangladesh – On the southwest coast of Bangladesh, workers armed with gas torches, laser cutters and winches break apart the carcasses of the giant, old ships that are grounded on their sandy beach. Thirty ship-breaking yards and thousands of scrap workshops are dotted along 15 kilometers of the coastline of Sitakunda, recycling about 38% of the world’s dead ships and supplying steel scraps for Bangladesh’s thriving manufacturing industry. “Cutting ships is one of the riskiest jobs on earth,” said Jamal Uddin, 40, who works as a senior cutter in his local yard. Over the last two decades, Uddin has seen many of his fellow workers in nearby yards suffer major burns and break limbs while dismantling steel vessels that are sent to Bangladesh from rich, ship-owning nations. With many old ships now nearing their end of life, the industry is bracing for a big, new economic shot in the arm. In the coming decade, about 15,000 ships — or one in eight of the entire global fleet — will come in for recycling: twice the amount of the past decade, according to a new report by the NGO Climate Group and consulting firm PWC. These older ships are heavy emitters, spewing out pollutants and planet-heating emissions, which has hastened the industry’s efforts to retire them, said Anand Hiremath, chief sustainability officer at GMS, which buys old ships and resells them to South Asian ship breakers. Emissions Were it a country, the global fleet would have the dubious honor of being the world’s No. 6 emitter of planet-warming carbon dioxide. The International Maritime Organization (IMO) has pledged to cut emissions by half by the year 2030, and turn it into a net-zero emissions industry by 2050. New global regulations aim to ensure that the dismantling of ships grows more safe and environmentally friendly as part of an industry-wide push toward a more sustainable model. But workers who cut and recycle ships said that the reform agenda does not promise them decent jobs or better pay. A worker uses a wielding machine to dismantle a part of a decommissioned ship in the western Indian state of Gujarat. In the coming decade, about 15,000 ships — or one in eight of the entire global fleet — will come into shipyards for recycling: twice the amount of the past decade, according to a new report. | REUTERS “After a day’s back-breaking work, we hardly get the wages to cover our doctors’ costs or our kids’ school fees,” said Uddin, who chose not to name his employer, fearing repercussion. Most of the coming surge will be handled by yards in the Sitakunda region of Bangladesh or Alang in India’s Gujarat, which together account for about 70% of global ship breaking. Worker deaths are common, as is environmental harm with toxic chemicals seeping into the beach and water, harming marine life. When workers use high-temperature torches to gouge a ship’s panels, accidents often happen, while exposure to hazardous substances such as asbestos risks long-term health impacts. A Sitakunda shipyard fire killed seven workers in September. Since 2009, 470 workers have been killed in South Asia’s more than 500 registered ship-breaking yards, according to the NGO Shipbreaking Platform, a coalition of environmental and labor rights groups headquartered in Brussels. The industry employs at least 30,000 people — most of them low-paid, causal workers — in Bangladesh, India and Pakistan. “The recent accident showed once again that we still have to go a long way to ensure a safe workplace for ship-breaking workers,” said Fazlul Kabir Mintu of the Bangladesh Institute of Labour Studies (BILS), which works with yard owners and ship breakers to make their workplaces safer. In June, the IMO is bringing in new regulations, known as the Hong Kong convention, to address the risks that workers face and to govern how hazardous substances are managed. The change will mean owners must document any hazardous substances in a ship before it goes for recycling. Making jobs decent Beyond increased safety, though, workers want better pay and benefits, said Mohammad Ali of the Bangladesh Metalworkers’ Federation (BMF) who set up the country’s first shipyard trade union. Workers in Sitakunda’s yards usually make less than $5 for a precarious, eight-hour day. Most also work on a temporary basis without ID cards and get no paid leave, Ali said. So many of them must work additional hours to earn enough — putting them at still higher risk of accidents, he added. When workers are killed in a workplace accident, they receive about 700,000 Bangladeshi taka ($5,740) in compensation. That covers less than two years of an average household’s spending and does not include a pension. Zahidul Haque, who is in his 70s, lost his son Abdur Rashid — a junior cutter — when fire broke out in the Pakiza Ship Yard about a decade ago. “We received some compensation, which was just 100,000 taka ($820) back then — but with our sole earning member gone, we have no one to look after us,” he said. Upgrading safety, waste management and labor rights require buy-in from not only yard owners but also their governments, said Mohammad Mahbubur Rahman, whose HR Ship Management firm helps the yards get regulation-ready. Whereas Bangladesh is lagging in its efforts to clean up the industry, Indian yard owners have benefited from government support as well as foreign funding, he said. But rich companies — which own most of the ships — are also being urged to share some of the heavy transition costs. “The world’s rich countries benefit from international shipping — and they need to care and act on how the ships are recycled and what happens to the workers,” said Ali from BMF. Source link

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Resonac explores deal structures for possible JSR takeover

Resonac Holdings is studying deal structures for a possible acquisition of government-owned chip linchpin JSR, a key step in the chemicals maker’s ambition to corner the Japanese artificial intelligence semiconductor materials market. Now controlled by state-backed Japan Investment Corp. (JIC) following a $6 billion buyout, JSR is the world’s largest maker of photoresists — a light-sensitive material crucial for mapping circuit patterns onto silicon through a process called lithography. “We’ve become overwhelmingly strong in many chip chemicals, but we don’t own one for lithography,” Resonac Holdings Chief Executive Officer Hidehito Takahashi said in an interview. “We need that to be able to say we are a Japan-born specialty chemicals company with a substantial global market presence.” Source link

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Debate over income tax threshold reform hits roadblock with new LDP proposal

Here we go again. After a two-month deadlock, the ruling coalition and the opposition Democratic Party for the People entered a new phase in negotiations over a revision of the ¥1.03 million income tax threshold this week only for the Liberal Democratic Party’s junior partner, Komeito, to put up resistance. The three parties aimed to reach a final agreement Tuesday and secure budget approval in the Lower House by the end of the month. It was the first time they had discussed the issue since agreeing to raise the threshold to ¥1.78 million in December last year. Source link

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Arsenal defender Tomiyasu undergoes knee surgery

Takehiro Tomiyasu has become the latest Arsenal player to go under the knife after the Japanese defender said on Tuesday he had undergone surgery on his right knee. The 26-year-old did not mention an expected return date, though British media reported he would likely be sidelined for the remainder of the season. Tomiyasu is the third Arsenal player to have surgery over the past month following Kai Havertz and Gabriel Jesus. “I’ve had a surgery on my knee few days ago and I’ve already started my rehab to do what I love the most again,” Tomiyasu wrote on Instagram. “It has been the toughest period in my career for sure and it carries on a bit more but I won’t give up.” The Japan international, who joined Arsenal from Bologna in 2021, made 30 appearances last season but injury has limited him to playing just six minutes in the current campaign, coming on as a substitute against Southampton in a league game in October. Arsenal, which trails Premier League leaders Liverpool by seven points, hosts West Ham United on Saturday. Source link

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CDP eyes BOJ’s exchange-traded funds to pay for free schooling

Japan’s largest opposition party wants to use the Bank of Japan’s exchange-traded funds (ETFs) to help cover the cost of making high school education free as part of the normalization of monetary policy, according to a party official. “It’s abnormal that a central bank is holding risky assets with a book value of ¥37 trillion ($244 billion),” the Constitutional Democratic Party of Japan (CDP)’s finance chief Takeshi Shina said in an interview on Tuesday. “Including the latent profits, the assets are about double that value, and it’s a problem that those profits aren’t being returned to the public.” Shina said he hoped to join forces with other smaller opposition parties to submit a bill to parliament this year after the annual budget is passed. He said the timing was right given increased interest in the fate of the ETFs. Source link

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Norinchukin CEO plans to resign after massive bond losses

Norinchukin Bank CEO Kazuto Oku plans to resign to take responsibility for the Japanese lender’s billions of dollars of losses from wrong-way bets on foreign bonds, according to a person familiar with the matter. Oku, 65, will step down at the end of March, the person said, asking not to be identified discussing the private information. Chief Financial Officer Taro Kitabayashi, 54, will be nominated to replace him effective April 1, according to the person. The agricultural bank’s supervisory committee is scheduled to meet on Thursday to decide the changes, the person added. A spokesperson for Norinchukin said nothing has been decided, declining to comment further. Nikkei first reported on the management change late Tuesday. Source link

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iPhone parts maker Murata eyes supply chain shift toward India

IPhone components maker Murata Manufacturing is weighing whether to move some of its production capacity to India, reflecting a global realignment of the supply chain toward the world’s most populous country. The Kyoto-based maker of multilayer ceramic capacitors (MLCCs) sees growing demand in India and is running simulations for what it would take to dial up its pace of investment there, according to Murata President Norio Nakajima. “We’ve been making our newest capacitors mostly in Japan, but customers are asking us to manufacture more overseas due partly to business continuity planning purposes,” Nakajima said. Source link

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Kishida attacker sentenced to 10 years in prison for attempted murder

A 25-year-old man was sentenced to 10 years in prison Wednesday over the attempted murder of then-Prime Minister Fumio Kishida in the city of Wakayama in 2023. The Wakayama District Court handed down the sentence to Ryuji Kimura for throwing an explosive — apparently a homemade pipe bomb — at Kishida on April 15, 2023 at the Saikazaki fishing port while he was making a campaign stop for a parliamentary by-election. The explosion injured two people in the crowd. The incident occurred less than a year after Prime Minister Shinzo Abe was shot to death in July 2022 during an election campaign for an Upper House election. Source link

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