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Amid severe labor shortages, the Japan Federation of Service and Tourism Industries Workers' Unions will emphasize the importance of improving working conditions to realize a medium-term annual salary target of ¥5.5 million for industry workers age 35.
BUSINESS / Companies
Jan 21, 2025

Service and tourism workers to seek 6% pay hike in wage talks

The Japan Federation of Service and Tourism Industries Workers' Unions hopes to secure a medium-term annual salary target of ¥5.5 million for industry workers age 35.
The country's net assets, or the value of properties, cash, deposits, stocks and other assets in the country minus that of loans and other debts, totaled ¥4,158.4 trillion at the end of 2023, up 4.1% from a year before, a Cabinet Office estimate showed Monday.
BUSINESS / Economy
Jan 21, 2025

Japan's national wealth hit record ¥4 quadrillion at end of 2023

Of the total, households accounted for a record ¥2.97 quadrillion, up 3.7%, marking the fifth consecutive year of growth.
Mexican President Claudia Sheinbaum speaks during a news conference in Mexico City on Jan. 13.
WORLD / Politics
Jan 21, 2025

How Mexico is readying for Trump’s promised mass deportations

The country has launched a panic app for those detained and lined up more than 2,600 lawyers and nearly 2,200 consulate workers.
An offshore wind farm near Nysted, Denmark. Orsted constructed the world’s first offshore wind farm in Denmark in the early 1990s and has since built up a portfolio of projects around the world.
BUSINESS / Companies
Jan 21, 2025

Orsted takes $1.7 billion hit as Trump slams offshore wind

The setback is the latest in a long series of issues for Denmark’s Orsted, one of the world’s biggest developers of wind farms at sea.
Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
BUSINESS / Economy
Jan 21, 2025

BOJ likely to raise rates this week in absence of immediate Trump tariffs

The possibility is "quite high" if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
French workers load a replica of the Statue of Liberty, or Lady Liberty, onto a truck outside the Musee des Arts et Metiers in Paris in June 2021, before it departs for Ellis Island in New York to arrive on Independence Day.
COMMENTARY / World
Jan 19, 2025

Liberal democracy faces doubts. But collapse? Not likely.

Democracy, it is often heard these days, is in crisis.
It’s easy to forget that not too long ago, the horse was crucial to the way wars were fought and daily life was lived, echoing today’s reliance on semiconductors.
COMMENTARY / World
Jan 19, 2025

A history of globalization on horseback

The animal has been part of Western imagination since Paleolithic humans painted the Lascaux caves around 20,000 years ago.

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go