According to The Jiji News, Japanese retail giant Aeon Co. has said it will launch a new online supermarket this summer that uses artificial intelligence to present customers with a list of recommended items based on their purchase records.
The more shoppers use the AI service, the more accurate the list of recommended items will become, according to the company. The service handles up to 50,000 items, including fresh vegetables, foods, and daily necessities. Delivery can be specified in one-hour increments between 7:00 a.m. and 11:00 p.m. on the day after the order is placed, with notification sent via e-mail just prior to arrival. Delivery fees vary depending on the time of day and day of the week, and range from 330 to 550 Japanese yen. Deliveries are made by staff trained in customer service. https://sp.m.jiji.com/english/show/25598
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According to The Australian Financial Review, Japanese telco giant Nippon Telegraph and Telephone Corp has struck the first significant housing site deal in Melbourne this year after agreeing to pay about $45 million for a former egg farm in South Morang.
It is the fourth major land deal struck by NTT in Melbourne, after it acquired a large site on Donnybrook Road in Melbourne’s north for more than $100 million in July 2021 to add to two sites acquired in 2020. https://www.afr.com/property/commercial/egg-farm-on-melbourne-s-outskirts-sold-to-japanese-telco-for-45m-20230331-p5cx5o
According to The Jiji News, East Japan Railway Co. , or JR East, said Tuesday that it now aims to open a new train line connecting JR Tokyo Station and the Japanese capital's Haneda Airport in fiscal 2031, two years later than the initially planned fiscal 2029.
The new line will allow passengers to travel between the station and the airport without changing trains in around 18 minutes, compared with about 30 minutes on existing lines. Construction for the new airport line will begin in earnest in June. In the 12.4-kilometer section between the airport and an area near JR Tamachi Station, a tunnel will be built while existing facilities such as elevated tracks will be renovated. https://sp.m.jiji.com/english/show/25586
According to The Jiji news, the Japanese government said Tuesday it will set a target of increasing annual hydrogen supply in the country to 12 million tons in 2040 from 2 million tons at present as part of efforts to realize a decarbonized society.
The government also hopes that a total of some 15 trillion yen will be invested by the public and private sectors over the next 15 years to advance the use of hydrogen and renewable energy sources. At the day's meeting of relevant ministers, the government showed a plan to revise its basic hydrogen strategy in late May. The updated strategy will include these goals. https://sp.m.jiji.com/english/show/25567
According to The Australian Financial Review, Brookfield has agreed to develop, build and take ownership of a wind farm in central Queensland, as it moves to accelerate the development of a renewable energy pipeline ahead of its proposed takeover of Origin Energy.
The deal for the 400MW Moonlight Range Wind Farm is Brookfield’s first renewable power project in Australia and is expected to contribute to the 14GW of renewable power and storage that Brookfield has pledged to build for Origin should its $18.2 billion deal receive regulatory approval. “The Moonlight Range Wind Farm will be the first of many renewable power projects for Brookfield in Australia as we expand our presence in this market. Approximately 8 GW of coal fired power generation capacity is expected to come offline by 2030 – this generation needs to be replaced with new sources of clean energy,” said Luke Edwards, Brookfield managing director and head of renewable power and transition in Australia. https://www.afr.com/companies/energy/brookfield-seals-deal-for-wind-farm-to-grow-origin-s-capacity-20230405-p5cydk
According to The Australian Financial Review, the first stage of Australia’s largest solar development went live, in a boost to the economy’s ambitious energy transition goals undermined by the sluggish pace of new developments.
The New England solar farm is being developed in two stages, with the first 400MW of storage now completed. Developers ACEN Australia said they are confident of beginning work on the remaining 320MW quickly. https://www.afr.com/companies/energy/australia-s-largest-solar-farm-comes-online-20230316-p5csox
According to The Australian Financial Review, a dramatic slump in new home sales will exacerbate the national rental and affordability crisis and put further pressure on the ability of new housing supply to meet future demand, the Urban Development Institute has warned in its latest State of the Land report.
According to the benchmark report, over the 2022 calendar year, greenfield lot sales almost halved and settled apartment sales fell to their lowest level since the global financial crisis as buyer demand plummeted, thanks to higher interest rates, surging construction work and fears about builder failures. With both house-and-land and new apartment sales expected to be subdued again this year, the UDIA forecasts that dwelling completions will “retract sharply” and fall about 50,000 below the 200,000 dwellings needed annually to meet the federal government’s plan to build 1 million homes over five years from 2024 under the National Housing Accord. https://www.afr.com/property/residential/australia-faces-huge-housing-shortfall-as-new-home-sales-slump-20230328-p5cvuv
According to The Asahi Shimbun, Kirin Brewery Co., a relatively new and unknown player in Japan’s whisky market, is looking overseas to make its mark.
The company, known more as a beer-brewing giant, has set a target of increasing its whisky sales abroad to around 3.5 billion yen (US$ 27 million) by 2030, more than seven times the figure in 2022. Kirin Brewery’s own estimate shows it has only about a 2 to 3 percent share of the domestic whisky market, well behind Suntory Spirits Ltd. and Nikka Whisky Distilling Co. https://www.asahi.com/ajw/articles/14867445
According to The Asahi Shimbun, Japanese food companies have added artificial marine products to their imitation-meat lineups to counter the expected global protein shortage caused by the expanding world population.
Soybeans, peas and other plant-based ingredients that can replicate the flavor and texture of real meat and fish are seen as a potential solution to the growing crisis. NH Foods Ltd. on March 1 released its fishless fish fry product consisting mainly of soybeans. It contains 104 grams of imitation fish pieces and sells for 345 yen (US$ 2.50), including tax. Seaweed-derived ingredients re-create the flavor and fluffy texture of white-meat fish. https://www.asahi.com/ajw/articles/14855515
According to The Australian Financial Review, Japanese investment in Australia is expected to hit new highs this year as the demand for green energy drives deals, but Tokyo’s concerns about state royalty increases and Labor’s possible constraints on gas exports worries investors.
A report by law firm Herbert Smith Freehills released on Monday showed Japanese activity in Australia rose markedly in 2022 as investors returned to complete due diligence on multibillion-dollar deals in the energy sector after borders reopened. Japanese companies, under pressure to meet Tokyo’s net-zero target by 2050, would further divest of fossil fuels assets while pumping billions of dollars into green energy projects such as hydrogen, and critical minerals, the report said. They saw Australia as a safe place to invest, bolstered by deepening political ties between the two countries, it said. https://www.afr.com/world/asia/green-energy-push-to-drive-japanese-investment-in-australia-20230324-p5cv1g |
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