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No. Of TSE-Listed Firms With ¥10 Tril Market Cap Doubles In 2023

  • Category:Other
JAPAN TODAY
 
The number of companies on the Tokyo Stock Exchange's top-tier Prime Market that finished 2023 with a market capitalization of over 10 trillion yen increased from five a year earlier to 10 at the end of 2023, the bourse said recently.
The increase came as earnings of export-oriented...

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Inflation, Weak Yen Hit Appetite For Holiday Spending In Japan

  • Category:Other
JAPAN TODAY
 
Japan's high inflation and weak yen have discouraged spending by individuals and households during the year-end and New Year holidays, according to a private sector survey.
The average budget for those with holiday plans in the country stood at 45,235 yen, up 27.8 percent from the p...

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Japan’s Nikkei Set to Post Biggest Yearly Gain in Decade

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JAPAN NEWS
 
 
Japan’s Nikkei share average traded lower on the final trading day of 2023 as investors struggled to find cues, while the index is on course to post its biggest annual gain in a decade.
The Nikkei was down 0.21% at 33,470.37 by the midday break after rising as much as 0.3%.
“Invest...

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Japan Tightens Handset Discount Restrictions

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JAPAN NEWS
 
Japan’s communications ministry on Wednesday tightened restrictions on mobile phone discounts to curb excessively cheap offers that keep monthly communications bills elevated.
Handset discounts given to customers who subscribe to mobile services had already been restricted. Starting ...

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Japan Govt Rejects Nagasaki Casino Resort Plan over Funding Concerns

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JAPAN NEWS
 
The central government announced Wednesday that it decided not to approve Nagasaki Prefecture’s plan to develop an integrated resort (IR) featuring a casino over doubts about the feasibility of securing huge funds required for the project.
Such a resort plan in the nation will be car...

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Toyota Global Output Hits New 1-Year High On Overseas Demand

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JAPAN TODAY
 
Toyota Motor Corp said Wednesday its global output from January to November reached 9.23 million vehicles, soaring to a new single-year record with still one month left in 2023, helped by robust demand in North America and Europe.
The all-time high came as the automaker's worldwide ...

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Daihatsu Suspends Production In Japan After Safety Test Scandal

  • Category:Other
THE GUARDIAN
 
Toyota subsidiary has admitted falsifying data on some models for more than 30 years
Production was suspended at the last operating domestic factory of Japanese automaker Daihatsu on Tuesday, as the Toyota subsidiary grapples with a safety testing scandal affecting 64 models going ...

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Japan Issues Business Improvement Order To Four Non-Life Insurers

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CNA
 
Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki said on Tuesday.
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan Insurance, Tok...

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Japan Labor Productivity Ranks 30th among OECD Nations; Observers Blame Failure to Invest in Human Resources

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JAPAN NEWS
 
Japan’s labor productivity in 2022 ranked 30th among 38 member nations of the Organization for Economic Cooperation and Development, according to the Japan Productivity Center.
Labor productivity measures the output of goods and services a worker produces in a certain amount of time....

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Kishida Asks Firms To Achieve Larger Pay Hikes In 2024 Than This Year

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JAPAN TODAY
 
Prime Minister Fumio Kishida on Monday asked Japanese firms to raise wages at a faster pace than this year, as the world's third-largest economy is at a crossroads in completely emerging from deflation.
"I'd like to seek your cooperation in realizing pay hikes that will exceed this ...

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