Taiwan Semiconductor Manufacturing Co. announced on Tuesday that it will build a $7 billion plant in Japan's southwestern prefecture of Kumamoto to help meet the global shortage of semiconductors.

Higher fuel prices drove up Tokyo’s cost of living at the fastest pace in 16 months, although the increases were still tiny compared with those confronting consumers in other economies, where central banks are pulling back stimulus.

Japan on Wednesday opened its borders to foreign travelers on unguided tours, or what travel agencies are calling self-guided tours, which can be booked by registered travel agencies — a move that may be welcomed by some foreign visitors since the nation opened its doors to escorted tours in June. The country also raised the daily arrival cap, or the number of all arrivals to Japan per day, to 50,000 and dropped a pre-arrival test requirement for those who have been vaccinated with three shots of a coronavirus vaccine. Despite the moves, Japan’s border measures are still conservative compared with other major economies, including the U.K. and France, where restrictions on international travel have been lifted entirely.

Fujitsu is joining the exodus of companies moving their main offices out of Tokyo as remote work catches on in Japan and reduces the need to maintain expensive office space. It said the move is the result of a review of the company’s office needs now that so many employees are working from home. The tech giant announced on Sept. 22 that they will relocate their HQ from Minato-ku to Kawasaki city by the end of September next year.