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The government on Monday announced an agreement with Japan to compensate victims of forced labor during World War II through a fund created by Korean companies, without the direct . ....
Japan and Russia, sparring publicly over Russia’s week-old invasion of Ukraine, have revived a dispute over Pacific territory left over from World War II. ....
Feb 13, 2021 On Jan. 27, Hiroaki Nakanishi, chairman of the Japan Business Federation (Keidanren), held an online meeting with his counterpart, Rikio Kozu, of the Japanese Trade Union Confederation (Rengo) to talk about wages, and, at one point, Nakanishi said that “somehow” Japan’s ranking for average pay among the 37 developed countries of the Organization for Economic Co-operation and Development had dropped. On Jan. 30, Tokyo Shimbun summarized the media reaction to Nakanishi’s remark by saying that the business leader made it seem as if he thought Japan’s pay situation “was somebody else’s problem.” Japan’s lower OECD ranking it went from #12 in 1990 to #24 in 2019 is due to wage stagnation: While salaries in Japan have remained roughly the same over the past 30 years, pay in other countries has gone up substantially, including in South Korea, the only other Asian economy on the OECD list. ....