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“Shunto” Pay Hike Demands Top 5% for 1st Time in 30 Yrs

  • Category:Other
JAPAN NEWS
 
The weighted average of wage hikes requested by 3,102 member unions of the Japanese Trade Union Confederation, or Rengo, in this year’s “shunto” labor-management negotiations came to 5.85%, preliminary data showed Thursday.
It is the first time in 30 years for the average to exceed 5...

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BOJ's Growing Confidence In Prices, Wages Shifts Focus To March Meeting

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CNA
 
The Bank of Japan's (BOJ) governor and one of its board members said on Thursday the economy was moving towards the central bank's 2 per cent inflation target, in comments that heightened market expectations of an imminent end to negative interest rates.
The remarks came as Japan's largest ...

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Uber Eats Starts Robot Deliveries In Tokyo

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JAPAN TODAY
 
"Caution: robot!" chirps the green self-driving delivery vehicle as it trundles down the street to a pork cutlet restaurant in Tokyo to pick up a meal ordered on Uber Eats.
Starting Wednesday, robot deliveries will be offered in a small area of the city by the U.S.-based food app, w...

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Inflation In Japan's Capital Re-Accelerates In February

  • Category:Other
JAPAN TODAY
 
Core inflation in Japan's capital re-accelerated in February above the central bank's target as the effects of government fuel subsidies faded, data showed on Tuesday, a sign conditions for ending negative interest rates were falling into place.
But an index stripping away the effec...

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Japan May Have Lowest GDP among Major Economies in 2060

  • Category:Other
JAPAN NEWS
 
Japan will have the lowest real gross domestic product per capita among all major economies in 2060 if its low productivity growth remains roughly the same under a declining population, a government estimate showed Thursday.
Presented at the day’s meeting of the Council on Economic a...

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Japan’s Nikkei 225 Index Surpasses 40,000 For The First Time

  • Category:Other
JAPAN TODAY
 
Asian markets have started the week on an upbeat note.
Japan’s Nikkei 225 index jumped above 40,000 points for the first time on Monday, extending a historic rally that analysts say may have much further to run.
The milestone comes just days after the stock market index set a record...

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Industrial Output Falls at Fastest Pace Since May 2020

  • Category:Other
JAPAN NEWS
 
Japan’s industrial production fell 7.5% in January from the previous month due mainly to lower automobile output, the fastest decline since May 2020 in the early days of the COVID-19 pandemic, government data showed Thursday.
The seasonally adjusted production index for the manufactu...

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Japan's January Jobless Rate Improves To 2.4% Amid Labor Shortage

  • Category:Other
JAPAN TODAY
 
Japan's unemployment rate fell to 2.4 percent in January from 2.5 percent in the previous month for the first improvement in three months, as fewer people were laid off amid a labor shortage, the government said Friday.
The job availability ratio was unchanged from December at 1.27,...

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Japan 2023 Average New Condo Price Hits Record High For 7 Years In Row

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JAPAN TODAY
 
The average unit price of new condominiums across Japan hit a record for the seventh straight year in 2023 due to continued rises in construction material and labor costs, climbing 15.4 percent to 59.11 million yen, a research institute said Wednesday.
In addition to rising prices i...

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Nissan Plans Self-Driving Mobility Service In Japan From FY2027

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JAPAN TODAY
 
Nissan Motor Co said Wednesday it plans to offer mobility services using Level 4 self-driving vehicles from fiscal 2027 in Japan, including rural areas where providing financially sustainable public transportation is becoming increasingly difficult.
The Japanese automaker will begin...

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