News On Japan
Business | 6

The Ministry of Economy, Trade and Industry (METI) announced it will provide up to 536 billion yen in subsidies to support mass production of next-generation semiconductor memory by Micron Technology, a major U.S. chipmaker, at its plant in Hiroshima.

Foreign workers in Japan reached a record of about 2.3 million last year, reflecting chronic domestic labor shortages that have made overseas hires indispensable. At the same time, illegal employment has climbed, with experts pointing to brokers who target technical intern trainees amid reports of workplace harassment and low pay.

MUFG Bank will open its first new branch in roughly two decades, positioning the outlet for individual customers and emphasizing easy access to asset-management consultations.

Hitachi has begun full-scale operations at a new railcar factory in Maryland in the United States after investing $100 million (approximately 15 billion yen), positioning the site as a core hub to build trains that run across the country, notably in Baltimore, Washington and Pennsylvania.

McDonald’s Japan said on September 9th that for the Happy Meal sets to be released on September 12th, sales on the first day will be limited to in-store counters and drive-thru only.

Kirin has introduced a new piece of tableware designed to make low-salt meals taste stronger, addressing growing health concerns about excessive salt consumption in Japan.

The resignation of Prime Minister Ishiba has triggered continued gains in Japanese stocks, with the Nikkei surpassed 44,000 for the first time in history on Tuesday morning before closing at 43,459.

Japan’s Ministry of Finance has taken the unusual step of cutting issuance of ultra-long-term government bonds after demand from major buyers weakened, highlighting concerns among investors about Japan’s fiscal outlook.