New Condominium Prices Exceed 60 Million Yen โ National Average Rises 2.9% in 2024๐
The Real Estate Economic Institute announced on the 26th that the average selling price of newly built condominiums in Japan in 2024 rose by 2.9% year-on-year to 60.82 million yen, surpassing the 60-million-yen milestone. Due to rising construction costs, prices have hit record highs for the eighth consecutive year.๐ฏ ๐ฏ ๐ฏ
In figures released earlier in January 2025, the average price in the Tokyo metropolitan area (Tokyo and three surrounding prefectures) fell by 3.5% to 78.2 million yen, while in the Kinki region, prices surged by 14.8% to 53.57 million yen.๐ ๐ ๐
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The Real Estate Economic Institute announced on the 26th that the average selling price of newly built condominiums in Japan in 2024 rose by 2.9% year-on-year to 60.82 million yen, surpassing the 60-million-yen milestone. Due to rising construction costs, prices have hit record highs for the eighth consecutive year.
In figures released earlier in January 2025, the average price in the Tokyo metropolitan area (Tokyo and three surrounding prefectures) fell by 3.5% to 78.2 million yen, while in the Kinki region, prices surged by 14.8% to 53.57 million yen.
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Newly Discovered Asteroid Poses Almost Zero Threat of Earth Impact๐
Regarding the newly discovered asteroid โ2024 YR4,โ which was initially considered to have the highest risk of Earth impact ever observed, NASA and the European Space Agency (ESA) announced on the 24th that the probability of it colliding with Earth in 2032 has now been reduced to nearly zero.๐จโ๐ป ๐จโ๐ป ๐จโ๐ป
According to NASAโs estimates, the likelihood of 2024 YR4 impacting Earth in December 2032 is 0.0017%, while ESAโs estimate stands at 0.002%.๐ฟ ๐ฟ ๐ฟ
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Regarding the newly discovered asteroid โ2024 YR4,โ which was initially considered to have the highest risk of Earth impact ever observed, NASA and the European Space Agency (ESA) announced on the 24th that the probability of it colliding with Earth in 2032 has now been reduced to nearly zero.
According to NASAโs estimates, the likelihood of 2024 YR4 impacting Earth in December 2032 is 0.0017%, while ESAโs estimate stands at 0.002%.
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Japan Post to Sell Shares of Japan Post Bank๐งโ๐ป
It was revealed on the 26th that Japan Post has decided to sell a portion of its shares in Japan Post Bank in the near future. The voting rights ratio will be reduced from the current 61.5% to below 50%.๐ ๐ ๐
This will be the first sale of Japan Post Bank shares since March 2023, with the expected sale amount reaching approximately 600 billion yen. The deregulation of Japan Post Bank under the Postal Privatization Act will increase management flexibility.
Japan Postโs medium-term management plan through fiscal 2025 had already outlined its intention to reduce its stake in Japan Post Bank to 50% or lower.๐ฝ ๐ฝ ๐ฝ
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It was revealed on the 26th that Japan Post has decided to sell a portion of its shares in Japan Post Bank in the near future. The voting rights ratio will be reduced from the current 61.5% to below 50%.
This will be the first sale of Japan Post Bank shares since March 2023, with the expected sale amount reaching approximately 600 billion yen. The deregulation of Japan Post Bank under the Postal Privatization Act will increase management flexibility.
Japan Postโs medium-term management plan through fiscal 2025 had already outlined its intention to reduce its stake in Japan Post Bank to 50% or lower.
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Geisha and Maiko Welcome Tourists at Plum Festival๐
On February 25th, at the Plum Festival of Kitano Tenmangu Shrine, geisha served tea to visitors as delicate pink petals danced in the air, honoring the virtues of the shrineโs deity.๐ต๐ต๐ต
This famous tourist site in Kamigyo Ward, Kyoto, is renowned for its approximately 1,500 plum trees spanning 50 varieties.๐ธ ๐ธ ๐ธ
As the soft pink blossoms began to bloom, geiko and maiko from Kamishichiken, one of Kyotoโs five major entertainment districts, hosted an outdoor tea ceremony in the historic capital of Japan.๐ฅณ ๐ฅณ ๐ฅณ
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On February 25th, at the Plum Festival of Kitano Tenmangu Shrine, geisha served tea to visitors as delicate pink petals danced in the air, honoring the virtues of the shrineโs deity.๐ต๐ต๐ต
This famous tourist site in Kamigyo Ward, Kyoto, is renowned for its approximately 1,500 plum trees spanning 50 varieties.
As the soft pink blossoms began to bloom, geiko and maiko from Kamishichiken, one of Kyotoโs five major entertainment districts, hosted an outdoor tea ceremony in the historic capital of Japan.
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Japan to Honor Top Culinary Experts for Preserving Food Culture๐ฑ
Japan plans to recognize and pass down its rich culinary traditions by honoring top chefs and other food experts with exceptional skills, according to government officials.๐คฉ ๐คฉ ๐คฉ
On February 25, the Agency for Cultural Affairs announced recommendations from an expert panel, including a plan to award culinary professionals the title of โCulinary Treasureโ.๐
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Japanese food culture is globally recognized, with โWashokuโ (traditional Japanese cuisine) being added to UNESCOโs Intangible Cultural Heritage list in 2013. In 2024, traditional sake brewing is also set to be registered.๐ ๐ ๐
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Japan plans to recognize and pass down its rich culinary traditions by honoring top chefs and other food experts with exceptional skills, according to government officials.
On February 25, the Agency for Cultural Affairs announced recommendations from an expert panel, including a plan to award culinary professionals the title of โCulinary Treasureโ.
Japanese food culture is globally recognized, with โWashokuโ (traditional Japanese cuisine) being added to UNESCOโs Intangible Cultural Heritage list in 2013. In 2024, traditional sake brewing is also set to be registered.
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Tokyoโs Cherry Blossoms Expected to Bloom on March 21๐ธ
Japanโs eagerly awaited cherry blossom season is just a few weeks away, and according to the latest forecast, Tokyo is expected to be the first city where the iconic pink flowers bloom, on March 21.๐ ๐ ๐
This year, the prolonged cold weather has slightly delayed the growth of cherry blossom buds compared to last year. However, with temperatures expected to rise in March, the blooming period in most parts of western and eastern Japan is likely to be on par with the annual average.๐ฅณ ๐ฅณ ๐ฅณ
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Japanโs eagerly awaited cherry blossom season is just a few weeks away, and according to the latest forecast, Tokyo is expected to be the first city where the iconic pink flowers bloom, on March 21.
This year, the prolonged cold weather has slightly delayed the growth of cherry blossom buds compared to last year. However, with temperatures expected to rise in March, the blooming period in most parts of western and eastern Japan is likely to be on par with the annual average.
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Japanโs Birth Rate Hits Record Low in 2024, Declining for 9 Consecutive Years๐
The number of births in Japan, including foreign nationals, fell to a record low of 720,988 in 2024, marking the ninth consecutive year of decline.๐ฝ ๐ฝ ๐ฝ
There are no signs of a slowdown in Japanโs declining birth rate. According to preliminary demographic statistics released by the Ministry of Health, Labour and Welfare on February 27, the number of births in 2024 decreased by 37,643 (5%) compared to the previous yearโs preliminary figure.โถ๏ธ โถ๏ธ โถ๏ธ
Some estimates suggest that by 2040, the annual number of births could drop below 600,000.๐ ๐ ๐ ๐ฝ ๐ฝ
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The number of births in Japan, including foreign nationals, fell to a record low of 720,988 in 2024, marking the ninth consecutive year of decline.
There are no signs of a slowdown in Japanโs declining birth rate. According to preliminary demographic statistics released by the Ministry of Health, Labour and Welfare on February 27, the number of births in 2024 decreased by 37,643 (5%) compared to the previous yearโs preliminary figure.
Some estimates suggest that by 2040, the annual number of births could drop below 600,000.
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Rare Treasures of Kyoto Temple to Be Opened to the Public๐ฅธ
Rarely seen cultural treasures will be open to the public from March 2 to March 9 at Shลkoku-ji Temple and its sub-temple Kลgen-in, located in Kamigyo Ward, Kyoto.๐ ๐ ๐
Shลkoku-ji is the head temple of the Shลkoku-ji branch of Rinzai Zen Buddhism, founded by Ashikaga Yoshimitsu (1358โ1408), the third shogun of the Muromachi shogunate.๐ ๐ ๐
The templeโs Dharma Hall, a nationally designated Important Cultural Property, was constructed in 1605 by a renowned samurai and is famous for its ceiling painting of a coiling dragon, known as the โBanryลซ-zuโ (Coiling Dragon Painting).๐จโ๐ป ๐จโ๐ป ๐จโ๐ป
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Rarely seen cultural treasures will be open to the public from March 2 to March 9 at Shลkoku-ji Temple and its sub-temple Kลgen-in, located in Kamigyo Ward, Kyoto.
Shลkoku-ji is the head temple of the Shลkoku-ji branch of Rinzai Zen Buddhism, founded by Ashikaga Yoshimitsu (1358โ1408), the third shogun of the Muromachi shogunate.
The templeโs Dharma Hall, a nationally designated Important Cultural Property, was constructed in 1605 by a renowned samurai and is famous for its ceiling painting of a coiling dragon, known as the โBanryลซ-zuโ (Coiling Dragon Painting).
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North Korea Steals Over 200 Billion Yen in Cryptocurrency, Possibly Funding Nuclear Development๐
The U.S. Federal Bureau of Investigation (FBI) announced on the 26th that a cyberattack around the 21st resulted in the theft of approximately $1.5 billion (about 220 billion yen) worth of cryptocurrency from a cryptocurrency exchange. The FBI stated that the North Korean government was involved in the incident. North Korea is believed to be using funds obtained through cyberattacks to finance the development of nuclear weapons and other weapons of mass destruction.๐ ๐ ๐
The FBI identified the hacker group โTraderTraitorโ as being responsible for the attack. The agency also issued a warning, stating that North Korea is attempting to launder and cash out the stolen cryptocurrency.๐ฎ ๐ฎ ๐ฎ
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The U.S. Federal Bureau of Investigation (FBI) announced on the 26th that a cyberattack around the 21st resulted in the theft of approximately $1.5 billion (about 220 billion yen) worth of cryptocurrency from a cryptocurrency exchange. The FBI stated that the North Korean government was involved in the incident. North Korea is believed to be using funds obtained through cyberattacks to finance the development of nuclear weapons and other weapons of mass destruction.
The FBI identified the hacker group โTraderTraitorโ as being responsible for the attack. The agency also issued a warning, stating that North Korea is attempting to launder and cash out the stolen cryptocurrency.
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