Oct 01 (News On Japan) - Japan's Ministry of Internal Affairs and Communications announced on the 1st that the nationwide unemployment rate for August dropped by 0.2 percentage points from the previous month, reaching 2.5%. This marks the first improvement in two months.
The number of unemployed individuals decreased for the first time in five months, totaling 1.75 million, a reduction of 110,000 compared to the same month last year.
Source: TBS
Japan is facing a deepening crisis of poverty and inequality, with rising reports of 'invisible homeless' individuals and growing economic hardships among the population. Discussions over reforms to the country's tax and welfare systems have taken center stage, as policymakers grapple with how to provide meaningful support.
A special lighting ceremony was held on November 20th at Ueno Toshogu Shrine, located in Ueno Park, Taito Ward, Tokyo. The event featured a unique lighting design created by renowned lighting designer Motoko Ishii.
A Japanese pharmaceutical company has announced the successful commercialization of fiber made from silk produced by bagworms.
Sales for the Year-End Jumbo Lottery, which offers a combined prize of 1 billion yen for the first prize and adjacent prizes, have officially begun.
Prime Minister Ishiba, attending the G20 summit in Brazil, held talks on November 18th with UK Prime Minister Starmer, where they agreed to establish an economic "2+2" framework involving foreign and economic ministers.
The iconic Osaka Marubiru in Umeda, closed last year due to aging, will be replaced with a new 192-meter skyscraper, the tallest in the Osaka Station area.
The average price for a newly built condominium in Tokyo’s 23 wards has remained above 100 million yen for six consecutive months.
The average transaction price of newly harvested rice between agricultural cooperatives and wholesalers reached a record high for the second consecutive month in October. The price of unpolished rice was 23,820 yen per 60 kilograms.
NVIDIA has thrown its weight behind Sakana AI, a Tokyo-based startup rapidly gaining traction in the booming generative AI field. Since ChatGPT's debut in November 2022, industry giants like Google and Meta have entered the fray, intensifying the competitive landscape.
Bank of Japan Governor Ueda Kazuo says the BOJ makes decisions on interest rates by carefully assessing all risk factors at each monetary policy meeting. (NHK)
Nissan has announced a major restructuring plan involving the elimination of 9,000 jobs worldwide, triggered by worsening business performance.
Resona Bank has launched a new branch concept that operates without counters handling cash.
A Ferrari seized from a tax delinquent was auctioned by the Tokyo Regional Taxation Bureau, fetching over 170 million yen, the highest bid ever recorded for such an auction.
