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Search resuls for: "Kathleen Benoza"


4 mentions found


☆ Japan wants its workers to get inflation-busting pay rises
  + stars: | 2023-01-09 | by ( Emiko Jozuka Kathleen Benoza Michelle Toh | Emiko Jozuka | Kathleen Benoza | ) edition.cnn.com   time to read: +2 min
Tokyo CNN —Japan is grappling with the biggest drop in living standards in nearly a decade as inflation continues to soar. Japan saw a 3.8% year-on-year fall in inflation-adjusted wages in November, data published by the Ministry of Health, Labor and Welfare showed. It’s the biggest fall since May 2014, when a consumption tax hike at the time caused a 4.1% decline, according to data published by the ministry. Companies must generate profits and then properly distribute them to workers,” Kishida said Thursday while speaking at a New Year gathering hosted by Japan’s three major business lobbies. Wages in Japan have largely hovered at the same level over the last decade, according to the latest data published by the Organisation for Economic Co-operation and Development (OECD).
☆ Japan: Drinkers falling asleep in the road are dying in traffic accidents, Tokyo police warn
  + stars: | 2022-12-15 | by ( Kathleen Magramo Kathleen Benoza | Kathleen Magramo | Kathleen Benoza | ) edition.cnn.com   time to read: +2 min
Tokyo CNN —Police in Japan’s capital are urging people to moderate their alcohol consumption this holiday season following an increase in deaths of drinkers hit by vehicles after falling asleep on the street. As of November 25, 10 people had been killed in such accidents this year, Tokyo police said in a recent Twitter post – representing 22% of all pedestrian deaths in the capital. Japan has a relatively low level of alcohol consumption, according to a 2021 OECD study, which factors in the impact of the pandemic, but social drinking is commonplace during festivities. Alcohol consumption in Japan waned during the pandemic, with restrictions hitting the business of bars and other places selling drinks. In a post on its website last year, it called excessive alcohol consumption a “major social problem” that persisted despite the recent slowdown in consumption.
☆ Japan intervenes to prop up the yen
  + stars: | 2022-09-22 | by ( Junko Ogura Emi Jozuka Kathleen Benoza | Junko Ogura | Emi Jozuka | ) edition.cnn.com   time to read: 1 min
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☆ Japan intervenes to prop up the yen for first time in 24 years
  + stars: | 2022-09-22 | by ( Junko Ogura | Emi Jozuka | Kathleen Benoza | ) edition.cnn.com   time to read: +1 min
Tokyo (CNN Business) Japan tried to shore up the value of its currency Thursday by buying yen and selling US dollars for the first time in 24 years. The yen had earlier plunged to its lowest level since 1998 after the Federal Reserve hiked interest rates aggressively while the Bank of Japan kept its rates in negative territory in a bid to boost its fragile economic recovery. The currency has lost about 20% this year against a surging US dollar"In the current foreign exchange market, we are seeing rapid and one-sided movements against the backdrop of speculative activities," Japan's vice finance minister for international affairs Masato Kanda told reporters on Thursday. "The government is concerned about these excessive fluctuations and has just taken decisive action," he added. Thursday's decision marks the first time since 1998 that the Japanese government intervened in the foreign exchange market by buying yen.
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