Osaka Prefecture's minimum wage will rise to 1,231 yen per hour in October, providing welcome relief to part-time workers struggling with higher living costs while placing growing financial pressure on businesses, some of which are responding by reducing employee hours and introducing robots that can perform certain tasks for the equivalent of just 94 yen an hour.
The average annual salary for employees at private-sector companies in Japan rose 1.9% to a record 4.87 million yen last year, marking the fifth consecutive annual increase, according to the National Tax Agency.
Toyota Motor's global vehicle sales fell 6.4% from a year earlier to 790,743 units in August, marking the second consecutive month of year-on-year declines as high gasoline prices linked to the Middle East crisis continued to weigh on demand for gasoline-powered vehicles in China.
Tokyo stocks fell on September 29, with the Nikkei 225 closing at 65,481, down 396 points, as the market adjusted for September interim dividends and investors remained cautious over high Japanese bond yields, a weak yen, oil prices and profit-taking after the recent rebound.
Japan will unify liquor tax rates on beer, happoshu and other beer-like beverages from October 1, lowering the tax on regular beer while raising it on cheaper alternatives in a reform expected to reshape prices and competition across the domestic beer market.
Beaujolais Nouveau, France's newly produced wine traditionally associated with autumn, arrived in Japan on September 28 about a month earlier than usual after a record-breaking heatwave accelerated this year's grape harvest.
Tokyo stocks fell on September 28, with the Nikkei 225 closing at 65,878, down 486.58 points, as an early rally above 67,000 faded into profit-taking despite dividend-related buying and continued support for banks and insurers.
Pawn shops in Japan are seeing growing demand as rising living costs push more people to borrow against their valuables, with customers pledging everything from family jewelry to luxury watches and gold coins to cover everyday expenses, medical bills and business costs.