Apr 4, 2015

Unions at 90% of small firms win average ¥1,900 monthly pay hike

About 90 percent of labor unions at small and midsize manufacturers won pay scale increases in this year’s shunto spring wage negotiations, an umbrella organization said. Of the 132 labor unions that received responses from management to their wage increase requests, 118 unions, or ...

Apr 2, 2015

60% of Japanese cut spending after tax hike: BOJ survey

A Bank of Japan survey revealed Thursday that 59.8 percent of respondents tightened their purse strings after the consumption tax hike in April last year. Of them, 75.3 percent said they were still curbing spending, according to the survey, which was conducted between Feb. ...

Mar 30, 2015

Industrial output takes larger drop

Japan’s industrial production fell more than forecast in February, adding to pressure from a drop in consumer spending and faltering inflation. Output declined 3.4 percent from January, when it rose 3.7 percent, the trade ministry said in Tokyo on Monday. The median estimate of ...