Abe pledges to spread benefits of economic recovery

Apr 26, 2014

Abe pledges to spread benefits of economic recovery

Prime Minister Shinzo Abe pledged Saturday to do his utmost toward continued economic growth and to spread the benefits among the wider population. Addressing a May Day gathering of some 40,000 participants in central Tokyo, Abe said he is aiming for a sustained recovery ...

Key firms agree to hike pay scales

Mar 12, 2014

Key firms agree to hike pay scales

Many major firms notified their labor unions Wednesday that they will raise pay scales to conclude this year’s spring wage negotiations, responding to strong calls from the administration of Prime Minister Shinzo Abe to help end long-standing deflation. Toyota Motor Corp., which has huge ...

Workers stumble while 'Abenomics' soars

Feb 3, 2014

Workers stumble while 'Abenomics' soars

by Jason Clenfield

Japanese stocks and profits are soaring under Prime Minister Shinzo Abe’s push to revive the economy. Even shop prices are up, a key step after years of deflation kept pocketbooks shut tight. None of that matters to Shuzo Matsui.

Jan 8, 2014

Daihatsu union to seek pay-scale hike of over 1%

In a move that could affect this spring’s labor-management wage talks, the Daihatsu Motor Co. group’s labor union is considering demanding a pay-scale hike of at least 1 percent, sources said Wednesday. This is the first numerical request to be heard from the auto ...

Abe urges companies to raise wages

Jan 5, 2014

Abe urges companies to raise wages

Prime Minister Shinzo Abe Saturday urged corporate managers to accept demands for higher pay in the coming “shunto” spring wage negotiations with their labor unions. “We need to create a good cycle in which improved corporate earnings get reflected in wages, lead to consumption ...

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 ...