News On Japan
Business | 3

Fast Retailing, the company behind Uniqlo, announced on October 10th its consolidated financial results for the year ending August 2024.

Seven & i Holdings has announced plans to change its company name to '7-Eleven Corporation,' reflecting the strategy to focus primarily on convenience stores.

Honda has showcased its next-generation EVs, launching in 2026, featuring smaller batteries and motors which will reduce overall vehicle weight by 100 kilograms.

Phrases like 'Ichome Ichiban,' often used by older generations in the workplace, have become a trending topic in videos.

Reflecting recent price fluctuations, real wages in Japan decreased for the first time in three months. According to recent data from the Ministry of Health, Labor, and Welfare, the total cash earnings per worker in August, including base salary, overtime pay, and bonuses, was 296,588 yen.

The number of bankruptcies in the first half of the fiscal year has reached over 5,000 for the first time in 10 years, driven by a severe labor shortage.

The travel magazine "Jalan" will cease publication in March next year. Recruit Co. announced on the 8th that both "Jalan" and the "Jalan Mook Series" will end with their final issue in March 2024.

Retirees in Japan face harsh financial realities due to unexpected costs like serious illnesses and funeral expenses. Pension amounts often fall short, with some retirees receiving as little as 50,000 to 125,000 yen per month.