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Real-time News
July 7th - Data released by the Japanese government on Tuesday showed that real wages in Japan rose 1.4% year-on-year in May, marking the fifth consecutive month of growth, although the pace slowed due to renewed acceleration in consumer inflation. Average nominal wages (cash income) rose 3.2% year-on-year in May to 311,165 yen (approximately US$1,917.69), lower than the revised 3.6% increase in April. As the impact of the Iran war began to be reflected in consumer prices, consumer inflation accelerated, leading to a slower year-on-year increase in real wages in May at 1.4%, lower than the revised 2.0% in April. Basic wages rose 3.0% year-on-year in May, compared to a revised 3.3% increase in April. Overtime pay rose 2.9% year-on-year, lower than the revised 4.8% in April. Although Japanese companies have achieved an average annual wage increase of over 5% for the third consecutive year, the cost of living is likely to continue to rise in the coming months as the weak yen pushes up import costs, and the impact of previous energy price increases will gradually be transmitted to the prices of various consumer goods. The Bank of Japan raised interest rates to their highest level in 31 years last month, stating that continued wage and price increases are a prerequisite for further rate hikes.On July 7th, a conference titled "Qianjiyuan: Nuclear Energy Innovation"—a comprehensive technology achievement release conference for the entire chain of independently controllable carbon-14 nuclear batteries—was held in Lanzhou on the 6th. The conference was hosted by Northwest Normal University and organized by Gansu Zhulong Technology Co., Ltd. At the conference, two core research achievements were officially released: the new independently branded "Qianjiyuan Tianshu Carbon-14 Nuclear Battery" and the "Qianjiyuan Energy Hub Silicon Carbide Transducer." It is understood that compared to the "Zhulong-1" micro nuclear battery engineering prototype released in November 2024, the "Qianjiyuan" series of achievements has achieved five major breakthroughs, covering a new radioactive source adaptation system, high-efficiency energy conversion technology, a three-dimensional stacked packaging structure, an intelligent energy storage power management system, and a high-precision sensing and wireless transmission system. This has constructed a domestically produced, independently controllable technology system and intellectual property system. These breakthroughs have completely broken through the limitations of traditional technologies, such as low efficiency, high material usage, large size, and low power density, achieving a systematic upgrade in miniaturization, high power, low cost, and high integration, possessing extremely high industrial value.Samsung Electronics shares fell 4.5% in pre-market trading on Nextrade.July 7 - The French National Assembly failed to pass a motion of no confidence proposed by the opposition parties regarding the governments inadequate response to the heatwave on the 7th, allowing the government led by French Prime Minister Le Corny to continue in power.Following Samsung Electronics earnings forecast, SanDisk (SNDK.O) and Micron Technology (MU.O) shares fell in after-hours trading, currently down 1.2% and 0.7% respectively.
