Business | 5

The Cabinet Office announced that Japan's nominal GDP in 2023 fell to fourth place globally, overtaken by Germany, in dollar terms, partly due to a continued downturn in personal consumption, influenced by rising prices.

Two major family restaurant chains in Japan have reported their annual financial results, showing an increase in net profits due to the recovery in the number of customers following the downgrading of COVID-19 to a Class 5 infectious disease.

Renesas Electronics, a leading semiconductor company, has announced its acquisition of American software firm Altium Limited for approximately 880 billion yen to expedite the development and design of semiconductor products.

This month, it was revealed that a Japan Airlines passenger plane entered a taxiway different from the one instructed by air traffic controllers at San Diego Airport in the United States and crossed the stop line before the runway, prompting another passenger plane to go around during its landing attempt. Japan Airlines had also experienced an incident in November of last year at Seattle Airport in the United States, where a plane mistakenly entered a runway.

Keidanren Chairman, Masakazu Tokura, expressed his support for the introduction of a "selective separate surnames system" that would allow married couples to retain their individual surnames.

The purpose behind Chinese purchases of Japanese real estate is evolving. We delved into the phenomenon of Chinese wealthy individuals buying up condominiums for residential purposes.

The yen weakened to the mid-150s against the dollar in the foreign exchange market, reaching a level last seen in November, approximately three months ago.

As Japan faces a critical shortfall of over 20,000 drivers, the bus industry has embarked on a novel initiative to address the issue: hire more women.