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Major Japan Firms Agree To Big Wage Hikes, Impact On BOJ Policy In Focus

  • Category:Other
REUTERS
 
Many of Japan's biggest companies from tech conglomerates to Toyota have met union demands for substantial wage hikes for a third consecutive year, seeking to help workers cope with inflation and retain staff amid labour shortages.
As annual "shunto" or "spring labour offensive" negotia...

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Japan Aims To Boost Food Sales Among Tourists, Overseas

  • Category:Tourism
NHK
 
The government is said to have set its first targets to boost spending on Japanese cuisine by visitors to the country and in overseas nations.
Sources say the goal is to boost tourist spending on food and beverages to 4.5 trillion yen, or 30 billion dollars, by 2030. That's triple the figur...

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Japan Aims To Increase Rice Exports 8-Fold To 350,000 Tons In 2030

  • Category:Other
KYODO NEWS
 
The Japanese government plans to increase the country's rice exports by nearly eight-fold to 350,000 tons, worth 92.2 billion yen ($623 million), in 2030 from 2024, according to a policy presented to a ruling party meeting Wednesday.
The plan to boost exports through improved product...

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Japan's Shortage Of Full-Time Workers At Worst Level Since COVID

  • Category:Other
JAPAN TODAY
 
Japanese firms are feeling the most acute shortage of full-time workers since the COVID-19 pandemic, with more than half of firms understaffed, according to a private-sector survey.
Among the around 11,000 companies who responded to the January survey, 53.4 percent said they need mo...

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Majority In Japan Expect Stronger Economic Ties Under Trump

  • Category:Other
JAPAN TIMES
 
 
A majority of Japanese expect U.S.-Japan economic relations to strengthen under the administration of U.S. President Donald Trump, according to a Japanese Foreign Ministry survey.
Asked in which area relations are expected to strengthen, with multiple answers allowed, 52.1% of res...

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Seven & I Announces Restructuring, New CEO To Fend Off $47 Billion Takeover Bid

  • Category:Event
JAPAN TODAY
 
Seven & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery.
After a tumultuous six months that began wh...

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Indonesia, Japan To Collaborate On Kayan Hydropower Plant

  • Category:Other
ANTARA NEWS
 
Indonesia's Coordinating Ministry for Economic Affairs and the Japanese Ministry of Economy, Trade, and Industry (METI) have signed a letter of intent (LoI) on cooperation in developing the Kayan hydropower plant in North Kalimantan.
"For Indonesia, the Kayan hydropower plant is not...

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Japan, Britain Affirm Importance of Free Trade

  • Category:Event
NIPPON
 
Japanese and British foreign and economy ministers on Friday affirmed the importance of free and fair trade at a time when the international economic order has been shaken by U.S. President Donald Trump's tariffs.
The four ministers, meeting in Tokyo, also agreed to work together to stre...

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Sony, Suntory Build U.S. Stockpiles As Japan Faces Trump Tariff Threat

  • Category:Other
REUTERS
 
Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers shift production or supply chains in efforts to fend off an evolving threat of U.S. tariffs on the export-reliant economy.
In his latest trade salvo this week, Presi...

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GDP Ratio of Defense Costs Not Priority: Japan's Hayashi

  • Category:Other
NIPPON
 
Raising the ratio of defense spending to gross domestic product is not a top priority in Japan's efforts to boost its defense expenditures, Chief Cabinet Secretary Yoshimasa Hayashi said Wednesday.
"What's important is the substance of our defense capabilities," Hayashi told a news confe...

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