Shibuya’s once-in-a-century redevelopment is entering its final phase, according to a new announcement by Tokyu Corporation. The massive overhaul of the Shibuya Station area began in earnest with the opening of the Shibuya Hikarie skyscraper in 2012 and has since involved major upgrades to the station and surrounding pedestrian infrastructure. (News On Japan)

The Ministry of Economy, Trade and Industry convened a panel of experts to discuss Japan’s national energy policy, focusing on how to address the expected rise in electricity demand driven by the spread of artificial intelligence and other technologies. A central topic was the energy consumption of data centers, which has raised growing concerns. (News On Japan)

Women over the age of 50 in Japan are now spending an average of 138,569 yen a year on maintaining their health, reflecting a growing societal shift from treatment to prevention. This figure, revealed in a recent consumer spending analysis, highlights how personal investment in wellness is becoming a lifestyle priority for many. (News On Japan)

Nippon Steel, which operates major steelworks in Kitakyushu, announced on May 30th a new investment plan to introduce an electric arc furnace that uses electricity instead of coal to produce steel. (News On Japan)

YOSHIKI, leader of the rock band X Japan, announced on May 30th that he will begin producing wine in Yoichi, Hokkaido, using locally grown grapes under his “Y by YOSHIKI” brand. (News On Japan)

U.S. President Donald Trump announced on May 30th that his administration plans to double the current tariffs on imported steel and aluminum to 50 percent. Speaking at a plant owned by major American steelmaker U.S. Steel, Trump declared that the existing 25 percent tariff on steel imports would be raised to 50 percent starting June 4th. The same rate will also apply to aluminum products, with the measure expected to affect exporters globally. (News On Japan)

Japan and the United States held their fourth ministerial-level talks on tariffs on May 30th, with Economic Revitalization Minister Akazawa stating that "progress toward an agreement was confirmed" during the meeting. (News On Japan)

JR East Japan's group company has come under suspicion for overcharging labor costs in a government-commissioned project, claiming 65 people were working on a project while on 3 were involved. (News On Japan)

SoftBank has teamed up with Intel and the University of Tokyo to establish a new semiconductor memory development company in Japan focused on artificial intelligence applications. Named SAIMEMORY, the new firm aims to develop cutting-edge memory chips with enhanced performance and lower energy consumption. (News On Japan)

Concordia Financial Group, which will change its name to Yokohama Financial Group in October, is seeking to reinforce its identity as a strong regional bank group centered on Yokohama Bank. President Tatsuya Kataoka, who also serves as head of Yokohama Bank, discussed the strategy behind the rebranding, the group's structural reforms, and its ambitions for stronger financial performance during a joint interview with Nikkei Financial. (News On Japan)

In a time when environmental concerns are reaching a critical point, businesses across the world, but mainly in Europe and the Middle East are ramping up their recycling efforts, an increasingly powerful driver of both ecological protection and economic opportunity. (News On Japan)

Toyota Motor announced that its overseas vehicle sales in April reached a record 756,190 units, up 9.7% from the same month last year. The surge was driven in part by last-minute demand in the United States ahead of additional tariffs on imported vehicles proposed by the Trump administration. (News On Japan)

Ten months after the release of Japan’s redesigned banknotes, an unusual detail has caught the public’s eye: the letter F on the new bills appears oddly rounded. (News On Japan)

NTT Docomo is set to acquire major online bank Sumishin SBI Net Bank as it prepares to enter the banking sector, marking a significant shift for the mobile carrier as it looks to catch up with rivals in the growing financial services space. (News On Japan)

Japan’s leading industrial and electronics firms are accelerating efforts to commercialize next-generation batteries, with Toyota, Toshiba, TDK, and China’s CATL unveiling advanced technologies that promise breakthroughs in performance, safety, and supply chain resilience. (News On Japan)

Nissan Motor has revealed that it paid a total of 646 million yen in resignation-related compensation to four former executive officers, including former President Uchida. (News On Japan)

Japan’s net foreign assets hit a record high at the end of last year, but the country has fallen from the top global position for the first time in 34 years, according to data released by the Ministry of Finance. (News On Japan)

Former U.S. President Donald Trump is once again accusing Japan of deliberately weakening the yen to boost its exports, claiming the government is guiding the currency downward in a move reminiscent of the 1985 Plaza Accord. (News On Japan)

SoftBank Group Chairman and CEO Masayoshi Son is pursuing the idea of launching a Japan-US joint sovereign wealth fund aimed at investing heavily in American technology and infrastructure. (News On Japan)

SoftBank Group, which oversees major operations including telecom company SoftBank and the Vision Fund investment vehicle, has set out an ambitious plan involving over 1 trillion yen in investments since January. (News On Japan)