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July 27, 2024
 

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JOBS

Ryo Ogawa (right), chief executive officer of Timee, and Tomoaki Yagi, chief financial officer, strike the trading bell during the company's listing ceremony at the Tokyo Stock Exchange in Tokyo on Friday.
BUSINESS / Companies
Jul 26, 2024
Shares of job app firm Timee jump in Japan stock trading debut
The stock surged to as high as ¥1,855 on the Tokyo Stock Exchange’s Growth market.
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
BUSINESS / Economy
Jul 25, 2024
Japan’s minimum wage set for record ¥50 hike in major boost
While the sharp increase will be a big boost for workers, smaller firms already struggling financially will be put under further stress.
Inspectors at the Kanto District Transport Bureau in Yokohama make calls to companies to check on the working conditions in the logistics industry earlier this month.
JAPAN / FOCUS
Jul 25, 2024
Japan's 'truck G-Men' issued guidance over 700 times in first year
The government inspectors check on working conditions in the logistics sector and monitor cases involving violations until the causes are resolved.
Newly hired central government workers listen to a video message by Prime Minister Fumio Kishida during a training session in April.
JAPAN / Society
Jul 24, 2024
Japan weighs abolishing government workers' spousal allowance
A monthly spousal allowance of ¥6,500 ($42) is provided if the dependent's annual salary is below ¥1.3 million, and the child allowance is ¥10,000 per child.
A housing exhibition like the one worked at by a Polus employee in Chiba Prefecture who died by suicide in 2020 following harassment by a customer.
JAPAN / Society
Jul 24, 2024
Customer harassment caused Chiba worker's suicide, labor office says
After explaining to a customer who was building a new house that additional costs were required, the employee began facing relentless complaints from him.
Artificial intelligence is transforming various business sectors and the economy. But concerns about humanoid robots replacing all jobs are unfounded, as human dexterity will remain essential for the foreseeable future.
COMMENTARY / World
Jul 23, 2024
AI is making robots smarter. They’ll need boundaries.
Where AI meets the physical world — and creates the potential for conflicts — is in manufacturing and logistics.
The annual number of Self-Defense Forces personnel quitting mid-career has reached around 6,000, accounting for around 2% of all SDF staff.
JAPAN / Society
Jul 22, 2024
Defense ministry concerned as more SDF staff quit citing workplace issues
The government's Defense Buildup Program, formulated in 2022, emphasized curbing mid-career resignations of SDF personnel as an "urgent issue."
Unionists hold a rally in Tokyo in April. Households' real cash earnings have been falling year on year for more than two years, with the weakening of the yen making the situation only more difficult as prices of imported goods increase rapidly.
BUSINESS / Economy
Jul 17, 2024
Japan’s minimum wage might not budge much if corporate fears prevail
While households desperately need a big raise, smaller businesses might not be in a position to handle an increase as they struggle with the weak yen.
PwC is considering slashing up to half its financial services auditing staff in China and about 20% of its staff in other auditing teams and nonauditing business lines.
BUSINESS / Companies
Jul 17, 2024
PwC weighs halving of China financial services audit staff, say sources
The firm has 781 partners and nearly 19,000 employees in mainland China as of last September.
Several people from Nomura Holdings in charge of Asia excluding Japan are leaving the company, according to an internal memo.
BUSINESS / Companies
Jul 17, 2024
Nomura reshuffles Asia investment banking team and cuts jobs in slump
A management change coincides with a new round of job cuts involving about 10 bankers this week, sources have said.
The number of teachers in their 20s on leave due to mental conditions has risen, highlighting the need to reduce burdens on young teachers.
JAPAN / Society
Jul 17, 2024
Japan to boost support for young teachers to secure staff
The package addresses concerns about a decline in interest in teaching jobs among young people and aims to reduce teachers' overtime work to 20 hours per month.
Participants in a "cross-mentoring" training session held by sports club operator Renaissance share their concerns with female executives from other companies who serve as role models.
JAPAN / FOCUS
Jul 16, 2024
Japan intensifies efforts to address gender pay gaps
According to the labor ministry, the average monthly wage for full-time female workers last year was ¥262,600, about 75% of the ¥350,900 earned by men.
Sharp is soliciting applicants for an early retirement program at Sakai Display Products.
BUSINESS / Companies
Jul 13, 2024
Japan's Sharp to shed 500 jobs at Osaka plant via early retirement
The plant, run by wholly owned subsidiary Sakai Display Products, is set to discontinue production of large liquid crystal panels for television sets.
How policymakers have responded to past economic crises, such as the 2008-09 financial crisis and the COVID-19 pandemic, will shape their preparedness in dealing with future recessions. 
COMMENTARY / World
Jul 8, 2024
Policy lessons from recent economic crises
Eventually, the world will face another recession. How will policymakers use the lessons learned from the 2008-09 financial crisis and COVID-19 pandemic to respond?
Members of the Ground Self-Defense Force conduct drills in Shizuoka Prefecture in May.
JAPAN
Jul 8, 2024
Japan SDF hiring falls far short of target in fiscal 2023
The number of Self-Defense Forces personnel hired in fiscal 2023 totaled 9,959, only 51% of the Defense Ministry's target.
Samsung workers chant slogans during a walkout outside the company’s semiconductor plant in Hwaseong, South Korea, on Monday.
BUSINESS / Companies
Jul 8, 2024
Samsung union steps up pressure over pay with three-day strike
The union has spent weeks preparing for the walkout, after negotiations over pay and vacation time collapsed last month.
Ayaka Saito works on a lathe to make a part for a ship at Ena Seisakusho in Iwaki, Fukushima Prefecture. Saito, who has a 1-year-old child, takes comfort in the fact that her employer allows time off for workers for parenting duties.
JAPAN / Society / Regional Voices: Fukushima
Jul 8, 2024
Special skills allow Fukushima mother to shine in full-time job
Her employer also lets her take time off to care for her child, a rare policy seen as pivotal in getting more women back to the workforce.
Japanese workers' base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
BUSINESS / Economy
Jul 8, 2024
Japan base pay jumps most since 1993 in positive signal for BOJ
Base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
According to an annual survey, among all respondents who answered that their living conditions were difficult, 26.5% chose "very difficult" and 33.1% "somewhat difficult."
JAPAN / Society
Jul 6, 2024
60% of households in Japan face 'difficult' living conditions, survey finds
Among all respondents who answered that their living conditions were difficult, 26.5% chose "very difficult" and 33.1% "somewhat difficult."
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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mission sustainability vol.11 : Sekisui House Ltd.World’s top homebuilder acts on its responsibility

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