News

Nissan's board is set to meet on March 11 to discuss the potential replacement of CEO Makoto Uchida, whose position has weakened due to the company's poor performance and failed merger talks with Honda. Options being considered for Uchida's successor include senior executives Jeremie Papin and Ivan Espinosa or an interim leader to allow more time for a permanent decision.

Part-time workers in Japan saw their average pay surge by a record high of 6.53% during this year's "shunto" spring labor negotiations, driven by a nationwide trend of wage increases and a tightening labor market. This marks the ninth consecutive year that part-time workers' wage increases have outpaced those of regular employees.

Fujitsu Ltd. will end its traditional April-only hiring practice and instead recruit new employees throughout the year, targeting both recent graduates and experienced professionals. Additionally, the company has transitioned from seniority-based compensation to a jobs-based remuneration system, offering substantially higher salaries to attract skilled personnel.

Japan's new energy policy prioritizes nuclear power and renewables to meet rising electricity demand while achieving decarbonization goals, despite concerns about safety and waste disposal. The government aims to increase nuclear's share to 20% and renewables to 40-50% by 2040, while reducing reliance on thermal power.

U.S. stocks rebounded Wednesday after President Trump temporarily suspended some tariffs, sparking hope that a full-blown trade war could be avoided. The market reacted positively to Trump's one-month exemption for U.S. automakers from tariffs on Mexican and Canadian imports, easing concerns about potential harm to the Big Three automakers and their extensive cross-border production.