BOJ chief watching impact of falling yen after additional easing

Nov 25, 2014

BOJ chief watching impact of falling yen after additional easing

Bank of Japan Gov. Haruhiko Kuroda said Tuesday the central bank is closely watching the impact of the yen’s sharp fall against other major currencies following the bank’s additional monetary easing announced last month. Speaking to a meeting of business leaders in Nagoya, Kuroda ...

Nov 7, 2014

U.S. jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday’s upbeat data underscored the resilience of the economy and some analysts ...

Sep 17, 2014

Survey finds skepticism about global trade's benefits

Japanese, Americans and many Europeans aren’t sold on the benefits of trade. They doubt that global economic ties create jobs or raise wages, an international survey conducted by the Pew Research Center shows. But people in China and other low- and middle-income countries are ...

Aug 29, 2014

Japan economy stalls as incomes, spending languish

Japan’s vital signs remained weak in July, as wages fell further and household spending dropped, signaling continued weakness in the world’s third-largest economy. Data released Friday showed inflation was flat. The core consumer price index, excluding volatile fresh food prices, stood at 3.3 percent, ...

Aug 20, 2014

Skepticism over Abe's inflation goal grows as price gauge retreats

Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth. The 10-year break-even rate, a gauge of expectations for consumer-price gains in inflation-linked bonds, dropped to 1.16 percent Tuesday, the lowest ...

Jul 11, 2014

Japanese firms near crisis point as labor shortage deepens

Japan’s labour shortage is nearing crisis in some key industries as it spreads from construction to services, curbing companies’ operations, pushing up wages and potentially crimping a tentative recovery in the world’s third-largest economy. Airlines, retailers, truckers and restaurant chains are being forced to ...

British public-sector workers stage major strike over pay and cuts

Jul 11, 2014

British public-sector workers stage major strike over pay and cuts

A major public-sector strike took place in Britain on Thursday, with hundreds of thousands of workers rallying against the government’s austerity-driven spending cuts and pay restraint measures. The strike involves a wide range of workers from teachers and civil servants to street sweepers and ...

Jul 2, 2014

More small and midsize firms raising basic pay

Twenty-nine percent of small and medium-size enterprises have raised basic pay this business year, up from 11.4 percent last year, the government said Wednesday. The increase, though far smaller than the 44.4 percent of large companies offering better pay, indicates that wage hikes to ...

SMBC ups pay for first time in 19 years

Mar 27, 2014

SMBC ups pay for first time in 19 years

Sumitomo Mitsui Financial Group Inc.’s lending unit has agreed to raise salaries for the first time in 19 years as an economic recovery spurs profit at Japan’s second-largest bank by market value. The company will increase base pay by 0.5 percent in the coming ...

Panasonic China staff  get pay for pollution

Mar 13, 2014

Panasonic China staff get pay for pollution

Electronics giant Panasonic said Thursday it will give employees sent to China a wage premium to compensate for the country’s hazardous air pollution, in a possible first for an international company. The move was part of a wider deal reached in the annual labor ...