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 centerโs nights until February 2.๐ ๐ ๐
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 (โSo Happiness Can Be Deliveredโ), which has been passed down through the years.๐ฑ ๐ฑ ๐ฑ
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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 centerโs 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 (โSo Happiness Can Be Deliveredโ), 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%โHighest Level in 17 Years๐
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%.๐ ๐ ๐
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.๐ฅ ๐ฅ ๐ฅ
This marks the first time since October 2008, approximately 17 years ago, that the policy rate has reached the 0.5% level.๐ฅธ ๐ฅธ ๐ฅธ
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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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Historic Accommodation in Shizuoka Offers Stays Starting at 600,000 Yen
A historic building, once the residence of a mining tycoon, now operates as a luxury guesthouse. Nestled within a sprawling estate with stunning gardens, the accommodationโs rates start at 600,000 yen (approximately $3,800) per night.๐ฒ ๐ฒ ๐ฒ
Designated as a Registered Tangible Cultural Property, the property is characterized by its intricate decorations and meticulous craftsmanship throughout.๐ ๐ ๐
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A historic building, once the residence of a mining tycoon, now operates as a luxury guesthouse. Nestled within a sprawling estate with stunning gardens, the accommodationโs rates start at 600,000 yen (approximately $3,800) per night.
Designated as a Registered Tangible Cultural Property, the property is characterized by its intricate decorations and meticulous craftsmanship throughout.
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Mitsubishi Motors to Opt Out of Honda-Nissan Holding Companyโ๏ธ
Mitsubishi Motors has finalized its decision not to participate in the management integration plan proposed by Honda and Nissan, citing fears of being marginalized, sources revealed on January 24.๐ซฅ ๐ซฅ ๐ซฅ
Instead, Mitsubishi plans to remain under Nissan, its largest shareholder, while seeking ways to collaborate with both automakers.๐ ๐ ๐
Honda and Nissan are considering establishing a holding company in August 2026, with plans to delist and operate under a single umbrella. However, Mitsubishi intends to stay outside the holding company framework and maintain its position as a Nissan subsidiary, with Nissan holding just under 30% of Mitsubishiโs shares.๐ฎโ๐จ ๐ฎโ๐จ ๐ฎโ๐จ
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Mitsubishi Motors has finalized its decision not to participate in the management integration plan proposed by Honda and Nissan, citing fears of being marginalized, sources revealed on January 24.
Instead, Mitsubishi plans to remain under Nissan, its largest shareholder, while seeking ways to collaborate with both automakers.
Honda and Nissan are considering establishing a holding company in August 2026, with plans to delist and operate under a single umbrella. However, Mitsubishi intends to stay outside the holding company framework and maintain its position as a Nissan subsidiary, with Nissan holding just under 30% of Mitsubishiโs shares.
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U.S. Prosecutors Recommend 4 Years and 9 Months Imprisonment for Shohei Ohtaniโs Former Interpreter๐ซฃ
U.S. federal prosecutors in Los Angeles, California, have recommended a sentence of 4 years and 9 months in prison, along with 3 years of supervised release, for Ippei Mizuhara (40), former interpreter for MLB Los Angeles Dodgers player Shohei Ohtani (30). Mizuhara is accused of bank fraud and other charges. The prosecutors also called for Mizuhara to pay approximately $17 million in restitution to Ohtani. The sentencing is scheduled to take place at the federal court in Santa Ana, California, on February 6.๐ซค ๐ซค ๐ซค
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U.S. federal prosecutors in Los Angeles, California, have recommended a sentence of 4 years and 9 months in prison, along with 3 years of supervised release, for Ippei Mizuhara (40), former interpreter for MLB Los Angeles Dodgers player Shohei Ohtani (30). Mizuhara is accused of bank fraud and other charges. The prosecutors also called for Mizuhara to pay approximately $17 million in restitution to Ohtani. The sentencing is scheduled to take place at the federal court in Santa Ana, California, on February 6.
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Kyotoโs Uzumasa Eigamura Holds First โSpring Festival Celebrationโ for Its 50th Anniversary๐ฎ
On January 25, Toei Uzumasa Eigamura, celebrating its 50th anniversary this year, launched its first event targeting tourists from the Chinese-speaking world visiting Japan for the Lunar New Year. Titled โRed and Gold Spring Festival Celebration,โ the event features red lanterns adorning the Edo-era streetscape. At the theater Nakamuraza, a live performance called Ooku no Hatsuharu (New Year in the Inner Chambers) showcased maids of the Edo Castleโs Ooku performing dances and playing the shamisen.๐ ๐ ๐
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On January 25, Toei Uzumasa Eigamura, celebrating its 50th anniversary this year, launched its first event targeting tourists from the Chinese-speaking world visiting Japan for the Lunar New Year. Titled โRed and Gold Spring Festival Celebration,โ the event features red lanterns adorning the Edo-era streetscape. At the theater Nakamuraza, a live performance called Ooku no Hatsuharu (New Year in the Inner Chambers) showcased maids of the Edo Castleโs Ooku performing dances and playing the shamisen.
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All-Japan Table Tennis: Hina Hayata Wins Third Consecutive Title๐ค
The final day of the All-Japan Table Tennis Championships singles competition was held on January 26 at the Tokyo Metropolitan Gymnasium. In the womenโs final, which featured the same matchup as the previous two years, Paris Olympic bronze medalist Hina Hayata (Nissay) defeated 16-year-old Miwa Harimoto (Kinoshita Group), who was aiming for her first title, with a 4-0 victory. Hayata secured her fourth championship and third consecutive title.๐ ๐ ๐
In the menโs final, 17-year-old Tomokazu Matsushima (Kinoshita Group) defeated Hiroto Shinozuka (Aichi Institute of Technology) 4-1 to claim his first championship.๐ช ๐ช ๐ช
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The final day of the All-Japan Table Tennis Championships singles competition was held on January 26 at the Tokyo Metropolitan Gymnasium. In the womenโs final, which featured the same matchup as the previous two years, Paris Olympic bronze medalist Hina Hayata (Nissay) defeated 16-year-old Miwa Harimoto (Kinoshita Group), who was aiming for her first title, with a 4-0 victory. Hayata secured her fourth championship and third consecutive title.
In the menโs final, 17-year-old Tomokazu Matsushima (Kinoshita Group) defeated Hiroto Shinozuka (Aichi Institute of Technology) 4-1 to claim his first championship.
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