Aug 4, 2016

Japan Inc. hopeful new Cabinet can revive economy

Business circles sent out supportive messages to the new Cabinet of Prime Minister Shinzo Abe and said they expect the new team to revitalize Japan’s tepid economy. “We hope that the new Cabinet will exercise leadership to revitalize the Japanese economy and help realize ...

Business community hopes stable Abe government brings tough economic reforms

Jul 11, 2016

Business community hopes stable Abe government brings tough economic reforms

The business community has urged Prime Minister Shinzo Abe to pursue economic and fiscal policy reforms under a stable government, following the ruling coalition’s victory in Sunday’s House of Councilors election. “Economic growth and fiscal rehabilitation are issues that should be achieved simultaneously,” said ...

Jun 10, 2016

Japan business leaders hold talks with Russian officials

Officials from the Japan Business Federation, or Keidanren, held talks with the Russian government in Moscow on Thursday, with the Russian side expressing hopes for stepped-up economic cooperation from Japan. The Keidanren members, including Teruo Asada, head of the Japan-Russia Business Cooperation Committee — ...

Jun 7, 2016

Summer bonuses at major Japanese firms to average ¥927,000

The average summer bonus among major companies will rise 3.74 percent from last year to ¥927,415 for the fourth straight increase, according to a preliminary report by Keidanren. The growth reflects a rise in the number of companies linking employee bonuses to corporate earnings, ...

Apr 19, 2016

Japan Inc. offers pay hikes of 2.19%, lowest in three years

There was 2.19 percent growth in monthly salaries agreed by labor and management at 62 major Japanese companies in this year’s shunto talks, the lowest in three years, the Japan Business Federation said Monday. Shunto talks in 2014 and 2015 resulted in 2.39 percent ...

Rengo to focus on monthly pay in wage-hike talks, not annual income

Jan 29, 2016

Rengo to focus on monthly pay in wage-hike talks, not annual income

This year’s shunto spring wage talks should focus on raising monthly pay rather than annual pay, Rikio Kozu, president of the Japanese Trade Union Confederation (Rengo), said in an interview Thursday. Keidanren called on member companies to raise annual pay, including bonuses and allowances. ...

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 ...

Jan 19, 2016

Keidanren seeking annual wage increases at 2016 negotiations

Keidanren is calling on member companies to consider annual income growth for workers as the 2016 wage talks between management and employees get under way. Company managers do not need to stick to pay-scale hikes, according to Keidanren’s guidance for corporate executives, released Tuesday. ...

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 ...