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Japan Real Wages Down 1.4% In May, 26th Monthly Fall Despite Hikes

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JAPAN TODAY
 
Japan's real wages in May fell 1.4 percent from a year earlier, declining for a record 26th straight month, as the sharpest base wage growth in 31 years was offset by inflation, government figures showed Monday.
The drop in May was larger than a revised 1.2 percent fall in April, wi...

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Gacha Capsule Toy Business Booms In Japan, With Sights Set Abroad

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JAPAN TODAY
 
Japan's capsule toy industry has come a long way from the corner of the supermarket, as it enjoys a new boom at home that is spurring multiple market players to set their sights on overseas expansion.
It follows the industry's massive growth in the years around the pandemic, as spec...

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Japan Tire Makers Release New Products Exclusively for EVs

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JAPAN TIMES
 
Major tire manufacturers are releasing products that are exclusively for electric vehicles, partly because more electric trucks are being used in the logistics industry due to labor shortages and environmental concerns.
Demand is also increasing for replacement tires for passenger E...

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Japan Land Price Rises Over 2% For 1st Time Amid Post-COVID Recovery

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KYODO NEWS
 
The average land price in Japan rose 2.3 percent in 2024 from a year earlier, government data showed Monday, surpassing 2 percent for the first time and marking the highest annual rate of increase since the current calculation method was introduced in 2010.
The third consecutive year...

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Japan’s First New Banknotes In 20 Years Use Holograms To Defeat Counterfeits

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BUSINESS TIMES
 
JAPAN began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters.
The notes use printed patterns to generate holograms of the po...

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Nikkei Ends Above 40,000 As Yen Falls To New 37-Year Low Against Dollar

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JAPAN TODAY
 
The Nikkei stock index closed above the 40,000 threshold for the first time in three months, as exporters were boosted by the weaker yen hitting a fresh 37-year low in the upper 161 range versus the U.S. dollar.
The 225-issue Nikkei Stock Average ended up 443.63 points, or 1.12 perc...

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Japan Names New Currency Czar As Yen Hits 38-Year Low

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STRAITS TIMES
 
Japan appointed a new currency czar on June 28 as the yen plumbed a 38-year low against the US dollar, heightening expectations of imminent market intervention by Tokyo to shore up the battered currency.
Mr Atsushi Mimura, a financial regulation veteran, replaces Mr Masato Kanda, ...

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Indonesia, Japan Intensify Cooperation In Automotive Sector

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ANTARA NEWS
 
The governments of Indonesia and Japan are committed to strengthening cooperation in the automotive industry, especially in vehicle electrification and development of environment-friendly fuels (biofuels) to achieve net zero emissions (NZE).
"The Indonesian Industry Ministry and the...

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Japan Names New FX Diplomat As Yen Hits 38-Year Low

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INVESTING
 
Japan appointed a new top foreign exchange diplomat on Friday as the yen plumbed a 38-year low against the dollar, heightening expectations of imminent market intervention by Tokyo to shore up the battered currency.
Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda...

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Japanese Carmakers Take A Hit In China

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NHK
 
All five Japanese automakers with operations in China reported a fall in unit sales in May. The slump comes amid fierce price competition from Chinese firms and a rapid, market-wide shift to electric.
Toyota says it sold just 140,377 units. That's down 13.6 percent from a year earlier.
Hond...

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