Feb 10, 2014

Anti-nuke candidates' loss elates biz chiefs

Business leaders welcomed former health minister Yoichi Masuzoe’s victory Sunday in the Tokyo gubernatorial election, which represented a victory in their efforts to prevent the anti-nuclear lobby from harming their interests. “We are hoping that the new governor will work well with the state ...

Feb 9, 2014

Wages of an economic upturn

Indications are that Japan may finally be on its way out of deflation, but prices are rising faster than workers' wages and the consumption tax hike in April will add to the burden on households.

New boss to steer Keidanren back to politics?

Feb 6, 2014

New boss to steer Keidanren back to politics?

by Atsushi Kodera

Sadayuki Sakakibara, the incoming chairman of Keidanren, says his priority in leading the nation’s top business lobby is to help get Japan back on a growth track, but observers say he may also try to re-establish the organization’s influence in politics. In his first ...

Feb 5, 2014

Biz chiefs, unions start payroll talks

Base pay is the focus of this year’s “shunto” spring wage negotiations, as managers and labor leaders met Wednesday. The Japanese Trade Union Confederation, or Rengo, is demanding a 1 percent or more hike in base pay to help the nation beat deflation. Meanwhile, ...

Jan 29, 2014

Wage hikes can help end deflation

This year's wage negotiations have started, and for the first time in five years, Japan's largest labor organization will demand across-the-board raises in wage bases. The Japan Business Federation concurs but in more evasive language.

Jan 26, 2014

Leadership change at Keidanren

Keidanren has selected a new leader just as its clout declines and it faces challenges to its role as the nation's most powerful business lobby.

Keidanren hands torch to unique chief after first pick declines

Jan 16, 2014

Keidanren hands torch to unique chief after first pick declines

Unlike his predecessors as head of Keidanren, Toray Industries Inc. Chairman Sadayuki Sakakibara doesn’t belong to the business lobby’s current leadership group of more than a dozen vice chairmen or chief of its Board of Councilors. The 70-year-old Sakakibara, who will take over as ...

Sakakibara proclaimed next Keidanren chief

Jan 14, 2014

Sakakibara proclaimed next Keidanren chief

Keidanren announced Tuesday it will appoint Toray Industries Inc. Chairman Sadayuki Sakakibara as the next chief of the nation’s most influential business lobby to accelerate the country’s economic revival led by the private sector as a leader from a manufacturing company. Sakakibara, who will ...

Toray chief Sakakibara will lead Keidanren

Jan 9, 2014

Toray chief Sakakibara will lead Keidanren

The nation’s most influential business lobby plans to appoint Toray Industries Inc. Chairman Sadayuki Sakakibara as its next chairman, Keidanren officials said Thursday. Sakakibara, 70, accepted the request to assume the chairmanship at the group’s general meeting in June, they said. He will replace ...

Jan 7, 2014

Business leaders call on firms to hike pay

by Masaaki Kameda

In line with Prime Minister Shinzo Abe’s campaign to break the grip of deflation through aggressive economic policies, business leaders on Tuesday called on companies to hike wages. “We have asked member companies to raise wages to realize a virtuous cycle of the economy,” ...

Jan 3, 2014

Only 17% of Japan's biggest firms plan to raise wages

Only 17 percent of major companies will raise wages in the business year that starts April 1, even though 71 percent expect the economy to expand in 2014, according to a Kyodo News survey. Of the 104 companies polled, 18 said they will authorize ...