Tokyo Marine to Raise Starting Salary for University Graduates to Up to 410,000 Yen

Japan’s largest non-life insurer, Tokio Marine & Nichido Fire Insurance, has decided to raise the starting salary for university graduates joining the company in April next year. The salary for general positions will increase from approximately 280,000 yen to a maximum of about 410,000 yen.

The deadline for the U.S. presidential order, which demanded the termination of Nippon Steel’s planned acquisition of U.S. Steel within 30 days, has been extended.

Japanese automakers reported last year’s new car sales in China, revealing a year-on-year decline across all three major manufacturers. In response, they are working to restructure operations and strengthen their market strategies.

Fast Retailing, the operator of Uniqlo and other brands, has announced plans to raise its starting salary to 330,000 yen.

The nine-day New Year holiday, often hailed as a "miraculous break," has come to an end, and everyday life is gradually resuming. However, for some, this period marked a turning point—deciding to quit their jobs. One resignation service provider reported a record-high number of client requests.

Ahead of the opening of CES, the world’s largest technology expo, Sony Group and Honda have unveiled their first mass-produced electric vehicle (EV) model under the ‘AFEELA’ brand.

The Tokyo stock market opened its first trading session of the year with a sharp decline, raising concerns about the state of Japan’s economy in the months ahead. The Nikkei average fell by more than 600 yen at one point compared to the previous year-end, a disappointing start for investors hoping for an optimistic beginning to 2025.

Economists predict that Japan's economy will grow more than 1 percent in inflation-adjusted terms in fiscal 2025. They see wage increases giving a boost to consumer spending. (NHK)