politics
The Bank of Japan on Monday upgraded its evaluations of two of Japan's nine regions while maintaining that regional economies are recovering despite inflation and output disruptions in the scandal-hit auto sector. In its quarterly Sakura report, the assessments of quake-hit Hokuriku in central Japan and the Kinki region centering on Osaka were upgraded, while the evaluations for Hokkaido and Shikoku were lowered. The report came ahead of the BOJ's policy-setting meeting in late July.
Kyodo News
Japan posted a current account surplus of 2.85 trillion yen ($18 billion) in May, the Finance Ministry said Monday. The current account balance is one of the widest gauges of international trade.
Kyodo News
Japan's real wages fell 1.4 percent from a year earlier in May, with the decline extending to a record 26th straight month as the highest pay hike in more than three decades has yet to outpace inflation, government figures showed Monday. The drop in May is larger than a revised 1.2 percent fall in April, with higher materials costs and a weakening yen pushing up import costs, data from the Ministry of Health, Labor and Welfare showed. The downward pressure continues even as the Japanese Trade Union Confederation said last Wednesday that Japanese companies agreed to raise wages by an average of...
Kyodo News
A United Airlines plane bound for Guam on Sunday returned to Chubu airport in Aichi Prefecture for an emergency landing after detecting a system malfunction during the flight, the transport ministry said. Flight 136, a Boeing 737 aircraft, made the return landing at around 11:40 a.m. There were no injuries among the 44 passengers and six crew members on board, according to the ministry. The flight was canceled, and the runway at Chubu airport was temporarily closed, the ministry said, adding that no damage to the aircraft had been confirmed.
Kyodo News
Japan's government pension fund on Friday reported a largest-ever profit of 45.42 trillion yen ($283 billion) for the year through March 2024, driven by higher share prices and a weak yen that inflated the value of foreign assets. The Government Pension Investment Fund, one of the world's largest institutional investors, remained in the black for the fourth straight year with a 22.67 percent return on its investments. It had a record 245.98 trillion yen in assets at the end of March. The fund manages its pension reserves stably from a long-term perspective and aims to support the pension syste...
Kyodo News
Japan's household spending in May fell a real 1.8 percent from a year earlier, government data showed Friday. Average spending by households with two or more people stood at 290,328 yen ($1,800), the Ministry of Internal Affairs and Communications said. Household spending is a key indicator of private consumption, which accounts for more than half of Japan's gross domestic product.
Kyodo News
The U.S. Defense Department said Wednesday it will deploy 48 F-35A stealth fighters to Misawa Air Base in Japan's northeastern prefecture of Aomori for the first time, in an effort to bolster regional deterrence with its key ally. The F-35As, known as fifth-generation fighters capable of evading radar detection, will replace 36 F-16 aircraft, it said, adding that the U.S. military will upgrade its capability at Kadena Air Base in Japan's southern prefecture of Okinawa by deploying 36 new F-15 fighters to replace 48 retiring F-15s. Amid security challenges posed by China, North Korea and Russia...
Kyodo News
Some submarine crew members of Japan's Maritime Self-Defense Force are suspected of receiving money and gifts from a company that received orders for maintenance work, the Defense Ministry said Wednesday. The company, Kawasaki Heavy Industries Ltd., said billions of yen may have been misappropriated by personnel at its factory in Kobe under the guise of transactions with subcontractors and that the fraud began at least six years ago to lavish gifts and money on MSDF submarine crew. If the suspicions are confirmed, the crew involved could face disciplinary action under the law. A ministry offic...
Kyodo News
Japanese companies agreed to raise wages by an average 5.10 percent in this year's spring wage talks, offering a more than 5 percent increase for the first time in 33 years amid salary growth failing to keep pace with inflation, the country's largest labor union said Wednesday. The Japanese Trade Union Confederation, also known as Rengo, said its final tally of the results of pay negotiations from over 5,000 member unions found the average monthly wage hike stood at 15,281 yen ($94). The labor union had demanded an increase of 5 percent or more. The figures compare with an average pay rise of ...
Kyodo News
Japan's tax revenue for fiscal 2023 reached a record 72.08 trillion yen ($445 billion), the Finance Ministry said Wednesday, setting a new high for the fourth consecutive year, boosted by strong corporate earnings. The revenue for the year ended in March, up around 2.5 trillion yen from the government's initial estimate, compares to the previous fiscal year's 71.14 trillion yen. Revenue from the international tourist tax more than tripled to 39.9 billion yen, driven by a revival of inbound tourism following the removal of COVID-related restrictions and a weaker yen. Japan charges 1,000 yen per...
Kyodo News
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら