Sake Makers Run Out of Bottles

The Nikkei Stock Average plunged 2,566.27 yen, or 3.9%, to close at 62,364.92 on July 28 as a sharp fall in South Korean stocks and growing concerns over intensifying competition in the global semiconductor industry triggered heavy selling in artificial intelligence and chip-related shares.

Negotiations over Japan's minimum wage for the current fiscal year have entered their final stage, with a national guideline likely to be set in the upper 1,100-yen range per hour and a government panel expected to reach a conclusion this week.

Japan is unlikely to end its heavy reliance on Middle East crude oil, even as geopolitical tensions expose the risks of depending on the region for more than 90% of its imports, leaving the country to pursue a gradual mix of diversification, electrification, renewable energy and technological innovation.

Tokyo stocks rebounded on July 27, with the Nikkei 225 closing at 64,931.19, up 320.04 points, or 0.50%, as easing concern over the Middle East conflict supported broad buying across domestic-demand and value shares, although semiconductor weakness continued to cap the market’s recovery.

Honda Motor and Nissan Motor have entered final-stage negotiations to jointly develop an operating system that will serve as the core software for their next-generation vehicles, with an agreement targeted by the end of August.

Japanese investors may be starting to redirect money from semiconductor and memory-related stocks toward automakers and other value shares, as concerns grow that soaring memory prices, increased Chinese production and the search for cheaper suppliers could weaken the technology rally.

Japanese business leaders voiced concern over new additional tariffs imposed by the administration of U.S. President Donald Trump, warning that the measures could damage global manufacturing and undermine free trade.

Buying car insurance can already feel complicated without also worrying about whether you have the “right” payment method.