Japanese Authorities Brace for Worst as President Trump Returns Home
Prime Minister Shigeru Ishiba extended his congratulations on January 20 to Donald Trump on his inauguration as the new U.S. President, but Japanese government officials expressed concerns over Trump’s actions and demands regarding trade and defense spending.🫡 🫡 🫡
In a statement released after President Trump’s inauguration, Ishiba said, “I hope to work closely with President Trump to further strengthen Japan-U.S. relations and realize a free and open Indo-Pacific region.”🤌 🤌 🤌
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Prime Minister Shigeru Ishiba extended his congratulations on January 20 to Donald Trump on his inauguration as the new U.S. President, but Japanese government officials expressed concerns over Trump’s actions and demands regarding trade and defense spending.
In a statement released after President Trump’s inauguration, Ishiba said, “I hope to work closely with President Trump to further strengthen Japan-U.S. relations and realize a free and open Indo-Pacific region.”
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Supercomputer “ABCI 3.0” Opens New Doors for AI Research👨💻
Japan’s cutting-edge public supercomputer, “ABCI 3.0,” designed specifically for artificial intelligence research and development, officially began full-scale operations on January 20.👏 👏 👏
The government invested approximately 36 billion yen (232 million USD) in this supercomputer, which is equipped with numerous GPUs, specialized semiconductors that accelerate AI computations. Boasting the highest computational power among public supercomputers in Japan, ABCI 3.0 is expected to be utilized by universities, research institutions, and startups.🥳 🥳 🥳
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Japan’s cutting-edge public supercomputer, “ABCI 3.0,” designed specifically for artificial intelligence research and development, officially began full-scale operations on January 20.
The government invested approximately 36 billion yen (232 million USD) in this supercomputer, which is equipped with numerous GPUs, specialized semiconductors that accelerate AI computations. Boasting the highest computational power among public supercomputers in Japan, ABCI 3.0 is expected to be utilized by universities, research institutions, and startups.
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Asian Stocks Show Tepid Reaction to U.S. Presidential Inauguration
Asian stocks on Tuesday were mixed and traded mostly quietly, despite expectations for market reactions to Donald Trump’s inauguration as U.S. President.🤝
While some analysts suggested that the inauguration could bring an optimistic outlook to global markets, others warned that threats of tariff impositions could weigh on Asian economies. The Nikkei 225 fell 0.1% in morning trading, closing at 38,951.77.🔔 🔔 🔔
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Asian stocks on Tuesday were mixed and traded mostly quietly, despite expectations for market reactions to Donald Trump’s inauguration as U.S. President.
While some analysts suggested that the inauguration could bring an optimistic outlook to global markets, others warned that threats of tariff impositions could weigh on Asian economies. The Nikkei 225 fell 0.1% in morning trading, closing at 38,951.77.
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68% of Japanese view the record-high number of foreign tourists positively.
According to a new survey, 68% of Japanese respondents view last year’s record-high number of foreign tourists to Japan positively.🙈 🙈 🙈
By age group, 79% of respondents aged 18 to 29 expressed a favorable view of the increase in tourists, the highest percentage among the surveyed age groups. In contrast, only 63% of respondents aged 70 and older shared this positive perspective, the lowest among the age groups.🤌 🤌 🤌
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According to a new survey, 68% of Japanese respondents view last year’s record-high number of foreign tourists to Japan positively.
By age group, 79% of respondents aged 18 to 29 expressed a favorable view of the increase in tourists, the highest percentage among the surveyed age groups. In contrast, only 63% of respondents aged 70 and older shared this positive perspective, the lowest among the age groups.
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Fire Breaks Out on the 9th Floor of a Building in Ginza, Tokyo🔥
At around 1:40 PM on January 23, a fire broke out near the 9th floor of a 13-story building in Ginza 1-chome, Chuo Ward, Tokyo. The Tokyo Fire Department is currently working to extinguish the flames. Three employees were present on the 9th floor but managed to evacuate safely. No injuries have been reported.🤧 🤧 🤧
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At around 1:40 PM on January 23, a fire broke out near the 9th floor of a 13-story building in Ginza 1-chome, Chuo Ward, Tokyo. The Tokyo Fire Department is currently working to extinguish the flames. Three employees were present on the 9th floor but managed to evacuate safely. No injuries have been reported.
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Preparations Underway for Ceremony at the National Baseball Hall of Fame Museum⚾️
On January 22, a day after the announcement of Ichiro Suzuki’s induction into the National Baseball Hall of Fame alongside other honorees, the museum in Cooperstown, New York, began preparations for the ceremony scheduled for July 27. A special space has been set up to display portraits of Ichiro and the other five individuals selected this year.👑 👑 👑 👑 👑 👑
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On January 22, a day after the announcement of Ichiro Suzuki’s induction into the National Baseball Hall of Fame alongside other honorees, the museum in Cooperstown, New York, began preparations for the ceremony scheduled for July 27. A special space has been set up to display portraits of Ichiro and the other five individuals selected this year.
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Average Price of New Condos in Tokyo’s 23 Wards Exceeds 100 Million Yen for Second Consecutive Year📈 📈 📈
The Real Estate Economic Institute announced on January 23 that the average price of newly built condominiums released in Tokyo’s 23 wards in fiscal year 2024 was 111.81 million yen, a 2.6% decrease from the previous year. Although prices slightly declined due to a reaction to the release of ultra-high-end properties in the previous year, the average remained above 100 million yen for the second consecutive year. High prices were sustained due to factors such as rising construction material costs.💭 💭 💭
Across the Greater Tokyo Area (including Tokyo and three neighboring prefectures), the average price fell by 3.5% to 78.2 million yen. The decline in prices in the 23 wards, which hold a significant market share, contributed to the overall decrease.📊 📊 📊
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The Real Estate Economic Institute announced on January 23 that the average price of newly built condominiums released in Tokyo’s 23 wards in fiscal year 2024 was 111.81 million yen, a 2.6% decrease from the previous year. Although prices slightly declined due to a reaction to the release of ultra-high-end properties in the previous year, the average remained above 100 million yen for the second consecutive year. High prices were sustained due to factors such as rising construction material costs.
Across the Greater Tokyo Area (including Tokyo and three neighboring prefectures), the average price fell by 3.5% to 78.2 million yen. The decline in prices in the 23 wards, which hold a significant market share, contributed to the overall decrease.
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Two Honorees for the Japan Prize: Pioneer of Blue Carbon and Semiconductor Technology🏅 🏅 🏅
The Japan Prize Foundation announced on January 22 that this year’s Japan Prize will be awarded to Professor Russell Dupuis (77) of the Georgia Institute of Technology and Distinguished Professor Carlos Duarte (64) of King Abdullah University of Science and Technology.📸 📸 📸 📸
Professor Dupuis, an expert in semiconductor engineering, developed a method in 1977 to fabricate semiconductor film structures by combining materials with different properties, such as organometallics and gases. This technological breakthrough paved the way for large-scale commercial production of LEDs and semiconductor lasers.⭐️ ⭐️ ⭐️
Professor Duarte, a marine biologist, was recognized for coining the term “blue carbon” to describe carbon captured by marine ecosystems. His efforts in conservation activities to protect these ecosystems were also highly regarded.🌊🌊🐟
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The Japan Prize Foundation announced on January 22 that this year’s Japan Prize will be awarded to Professor Russell Dupuis (77) of the Georgia Institute of Technology and Distinguished Professor Carlos Duarte (64) of King Abdullah University of Science and Technology.
Professor Dupuis, an expert in semiconductor engineering, developed a method in 1977 to fabricate semiconductor film structures by combining materials with different properties, such as organometallics and gases. This technological breakthrough paved the way for large-scale commercial production of LEDs and semiconductor lasers.
Professor Duarte, a marine biologist, was recognized for coining the term “blue carbon” to describe carbon captured by marine ecosystems. His efforts in conservation activities to protect these ecosystems were also highly regarded.🌊🌊
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410,000 Lights Illuminate Recovery: The 30th Kobe Luminarie Begins
The 30th Kobe Luminarie, a festival of lights dedicated to the memory of those who lost their lives in the Great Hanshin-Awaji Earthquake and to hopes for recovery, began on January 24 in Chuo Ward, Kobe City. A total of 410,000 lightbulbs will brighten the city center’s nights until February 2.💎 💎 💎
On the opening day, a lighting ceremony was held at the Former Foreign Settlement venue. After a moment of silence was observed for the earthquake victims, elementary school students sang the recovery song Shiawase wo Hakoberu You ni (“So Happiness Can Be Delivered”), which has been passed down through the years.🌱 🌱 🌱
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The 30th Kobe Luminarie, a festival of lights dedicated to the memory of those who lost their lives in the Great Hanshin-Awaji Earthquake and to hopes for recovery, began on January 24 in Chuo Ward, Kobe City. A total of 410,000 lightbulbs will brighten the city center’s nights until February 2.
On the opening day, a lighting ceremony was held at the Former Foreign Settlement venue. After a moment of silence was observed for the earthquake victims, elementary school students sang the recovery song Shiawase wo Hakoberu You ni (“So Happiness Can Be Delivered”), which has been passed down through the years.
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Bank of Japan Decides on Additional Rate Hike, Raising to Around 0.5%—Highest Level in 17 Years📈
The Bank of Japan (BOJ) decided on January 24 during its Monetary Policy Meeting to implement an additional rate hike, the first since July of last year. The target rate for short-term interbank loans will be raised from around 0.25% to around 0.5%.👀 👀 👀
At a press conference following the meeting, BOJ Governor Kazuo Ueda expressed his intention to continue raising rates in the future but did not specify the timing or pace of further hikes.🖥 🖥 🖥
This marks the first time since October 2008, approximately 17 years ago, that the policy rate has reached the 0.5% level.🥸 🥸 🥸
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The Bank of Japan (BOJ) decided on January 24 during its Monetary Policy Meeting to implement an additional rate hike, the first since July of last year. The target rate for short-term interbank loans will be raised from around 0.25% to around 0.5%.
At a press conference following the meeting, BOJ Governor Kazuo Ueda expressed his intention to continue raising rates in the future but did not specify the timing or pace of further hikes.
This marks the first time since October 2008, approximately 17 years ago, that the policy rate has reached the 0.5% level.
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