Trump administration imposed 25% tariffs on steel and aluminum imports from Japan, prompting expressions of "regret" from Japanese officials while other Asian nations responded more moderately than the EU's announced countermeasures. This tariff development follows yesterday's falling real wages amidst intensifying global tariff wars.
Major Japanese companies like Hitachi and Toyota achieved record wage increases exceeding 5% for a second consecutive year, though concerns emerged about widening wage disparities between large corporations and smaller enterprises. Converting nominal raises to real wage growth remains challenging.
The Ukraine-US ceasefire proposal reportedly puts pressure on Putin to respond, while Ukrainian and Israeli drone manufacturers appeal to South Korea with battle-tested technology. Prime Minister Kishida faces mounting internal party pressure to step down, continuing the political instability thread from previous days' reporting.