Nissan Motor Company has recorded its worst loss in about 25 years and announced that it will close seven factories and lay off 20,000 employees to deal with the crisis.
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On May 12, 2025, Japanese Prime Minister Shigeru Ishiba clearly stated at a meeting of the House of Representatives Budget Committee that Japan would adopt a "perfect strategy" to deal with the US tariff policy and emphasized that it would not hesitate to take additional measures if necessary.
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In the early days of his administration, Japanese Prime Minister Ishiba Shigeru made it clear that he would not alleviate inflationary pressure by lowering the consumption tax.
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Military leaders of India and Pakistan have postponed the talks scheduled for Monday (May 12th).
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Data released by the South Korean authorities show that over the past three years, the number of newborns has continued to decline, but the public's willingness to get married has increased, indicating subtle changes in the South Korean society's view on marriage and childbirths.
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Reuters reported that the Indian Air Force said on Sunday (May 11) that "the losses were part of the fighting", but no details were disclosed.
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The Korean Central News Agency reported on Friday (May 9) that the long-range artillery and missile forces in eastern North Korea conducted joint strike training on Thursday (May 8), with North Korean leader Kim Jong UN guiding the training.
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Recently, India unilaterally suspended the execution of the Indus Waters Treaty under the pretext of "anti-terrorism", cutting off the water supply of the Indus River to Pakistan and implementing a "drought and flood alternation" tactic, which has led to the paralysis of Pakistan's agriculture, an expansion of the power shortage, and an increase in nuclear security risks.
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India announced that it had carried out "precision strikes" on "terrorist camps" within Pakistan and in the Pakistani-administered Kashmir region.
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On May 5, the Democratic Party, the largest opposition party in South Korea, announced that it had submitted a request to the Seoul High Court, hoping to postpone the retrial of the case involving presidential candidate Lee Jae-myung until after the presidential election on June 3. The party believes that if the court makes a judgment before the election, Lee Jae-myung's eligibility to run for office may be severely affected.
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In the complex situation of the US-China trade war, tariffs have become a key variable that affects the fate of many companies.
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