Jan 25, 2016

Keidanren chief pushes for serious talks on wage hikes

The head of the influential Keidanren business lobby on Monday called on management and labor unions to hold “thorough negotiations” on wage hikes to help Japan declare an exit from years of deflation, as the annual talks shift into top gear. Sadayuki Sakakibara, chairman ...

Business chiefs vow to help Japan whip deflation

Jan 5, 2016

Business chiefs vow to help Japan whip deflation

Business leaders said they will do their part to ensure that Japan emerges from years of deflation as Prime Minister Shinzo Abe steps up calls for companies to raise wages and bolster capital expenditure. The leaders of the three major business lobbies said Tuesday ...

Dec 22, 2015

Keidanren to ask member firms to raise wages for third year

A committee under the Japan Business Federation, better known as Keidanren, broadly agreed Tuesday on guidelines for shunto spring wage negotiations in 2016 that will ask member companies with higher earnings to raise employee wages at rates greater than this year. Keidanren will seek ...

Dec 3, 2015

Japan unions plan to dial back wage demands by half

A labor group whose members include Toyota Motor Corp., Hitachi Ltd. and Panasonic Corp.’s unions said they will seek half the minimum wage increase in 2016 compared with its plans entering this fiscal year. The Japan Council of Metalworkers’ Unions said its members intend ...

Nov 30, 2015

BOJ chief repeats call to raise wages, says now is the time

Bank of Japan Gov. Haruhiko Kuroda on Monday called on companies to raise wages in line with the central bank’s efforts to achieve 2 percent inflation, saying a suitable environment has already been established. Speaking at a meeting of business leaders in Nagoya, Kuroda ...

Keidanren to call for larger wage hike

Nov 26, 2015

Keidanren to call for larger wage hike

The Japan Business Federation, better known as Keidanren, plans to urge its member companies to give substantial pay hikes in the shunto wage negotiations next spring, its chairman told government representatives Thursday. Chairman Sadayuki Sakakibara said in a dialogue session between the government and ...

Nov 24, 2015

Minimum wage to go up 3 percent to boost consumption

The Abe administration will raise the minimum wage by 3 percent each year starting next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth. The administration will also strengthen policies to get more women into ...