Economy of Japan
Japan's unemployment rate rises to 4.7% and average wages drop for the second consecutive month.
Sony agrees to a $2.3 billion deal where they will buy a controlling interest in EMI Music Publishing. The deal will mean that Sony would indirectly own 90% of the music publisher and its two million songs.
Japan's economy shrinks by 0.3% in the April-June quarter confirming the country is in a recession caused in part by the 2011 Tōhoku earthquake and tsunami and subsequent Fukushima Daiichi nuclear disaster.