Japan bankruptcies rise as COVID relief repayments come due

The number of share buybacks this year in Japan is on the rise, and it's possible that we'll see a record number by the time winter rolls around.

Toyota Motor Corporation has resumed production of three car models, including the Yaris Cross, after a three-month suspension due to certification irregularities, the company announced on September 4.

The Fukuoka Prefectural Labor Bureau under the Ministry of Health, Labor and Welfare announced a 51-yen increase in the minimum wage for Fukuoka Prefecture, bringing the hourly wage to 992 yen, marking the largest increase to date.

The shortage of rice is causing prices to increase, and this is affecting packaged rice products, which are known for their long shelf life.

Sources say Japanese retail giant Seven & i Holdings has decided it cannot accept a takeover bid from a Canadian firm at this point, as the buyout price is too low to match its corporate value. (NHK)

The total cash earnings received by workers in Japan increased by 3.6% in July compared to last year, marking the second consecutive month of positive growth in real wages after adjusting for inflation.

Buying a home is often considered the biggest purchase of one’s life. A mortgage is essential, with the standard repayment period being 35 years. However, Keiyo Bank has caused a stir by becoming the first regional bank in the Tokyo metropolitan area to introduce a 50-year mortgage plan.

The increase in inbound tourists has led to growing financial burdens for Japan’s credit card industry. When cards issued overseas are used at domestic stores, Japanese companies must pay fees to foreign issuers, resulting in annual losses estimated to reach 30 billion yen.