The Tokyo District Court says the central authorities’s determination to boost taxi fares within the capital is unreasonable because it forces taxi companies to boost fares no matter their conditions.
The transport ministry in November final 12 months raised the higher restrict of the bottom fare for standard-sized taxis in Tokyo’s 23 wards and two adjoining cities. The fare went up by 14 p.c to 500 yen, or about 3 {dollars} and 70 cents.
Officials say the rise is critical for taxi operators to enhance their companies and dealing circumstances for drivers.
Despite the change, two taxi operators, Royal Limousine and Japan Premium Tokyo, have not raised their base price, saying such a big hike may result in fewer repeat prospects.
They sought an injunction towards doable punishments by the authorities, together with having their enterprise license revoked.
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Nissan accelerates electrical transition plans
NHK – Feb 28
Nissan Motor is planning to hurry up its rollout of electrical vehicles in a few of its greatest markets. The Japanese automaker says it now expects hybrid and absolutely electrical autos to make up 98 p.c of its European gross sales by fiscal 2026.

Japan egg costs surge on hen flu, prices of feed and labor
Nikkei – Feb 23
An avian influenza outbreak and rising feed prices are behind a scarcity of rooster eggs in Japan that has led to rising costs for in style restaurant gadgets together with beef bowl dishes in addition to the family staple mayonnaise.

Undeclared revenue of rich in Japan hits report excessive
Japan Times – Feb 20
The undeclared revenue of rich individuals totaled Y83.9 billion within the 12 months by June 2022, up 72.3% from the previous 12 months and the very best annual degree since knowledge grew to become obtainable within the 12 months to June 2010.

Japan to launch pilot programme for issuing digital yen
nasdaq.com – Feb 18
Japan will begin a pilot programme in April to check the usage of a digital yen, its central financial institution stated on Friday, becoming a member of a rising variety of international locations searching for to meet up with front-runner China in launching a central financial institution digital foreign money (CBDC).

Why Japan picked Ueda as BOJ head as an alternative of Amamiya
Nikkei – Feb 14
The Japanese authorities has determined to appoint economics professor and former Bank of Japan coverage board member Kazuo Ueda because the successor to Gov. Haruhiko Kuroda. The shock alternative got here after Deputy Gov. Masayoshi Amamiya, who was thought-about the favourite, declined the provide due to two firmly held beliefs.

Packed with vacationers, Japan returns to financial development
nytimes.com – Feb 14
After greater than two years beneath among the world’s tightest border controls, Japan is as soon as once more open for enterprise. Tourist spots are packed. Hotels are booked out effectively prematurely. And it’s getting tougher to get a seat at most of the nation’s greatest eating places.
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