In a significant shift, major Japanese corporations have announced substantial pay and bonus increases for employees, reflecting a growing commitment to improving worker compensation amid rising living costs. This development signals a potential change in Japan’s corporate culture.
Japan’s Seven & i Holdings has announced a major restructuring plan and the appointment of a new CEO as it aims to counter a $47 billion takeover bid. The move reflects the company’s strategy to enhance competitiveness in a challenging retail landscape.
Japan’s factory activity has shown signs of decline as weakening global demand impacts manufacturing output. The latest reports indicate a contraction in production, signaling potential challenges for Japan’s economy amid shifting market conditions.
