Aug 15, 2014

64% of small firms to issue pay hikes this year: METI

A Ministry of Economy, Trade and Industry survey revealed Friday that 64.5 percent of the nation’s small companies have decided to raise pay this fiscal year, up from 56.8 percent the previous year. “The virtuous cycle of the economy is having a wider impact,” ...

Panasonic employees' pay scales to be raised

Mar 4, 2014

Panasonic employees' pay scales to be raised

Panasonic Corp. is planning to raise the pay scale for its employees at this spring’s labor-management wage talks for the first time since 2008, sources said Tuesday. The electronics-maker took into consideration commodity price rises and the imminent sales tax hike, which will likely ...

Jan 7, 2014

Daiwa may boost junior staff's pay

Daiwa Securities Group Inc. plans to raise salaries for about 5,000 junior staff to offset swelling costs as the government prepares to increase the consumption tax. Japan’s second-largest brokerage is considering increasing monthly pay by about 3 percent, targeting employees in their 20s and ...

Dec 24, 2013

Row brewing over plan to cut civil servants' pay

A tug of war between the central and local governments is expected to resume as the administration of Prime Minister Shinzo Abe has started studying a new approach to pay cuts for civil servants. In January, Finance Minister Taro Aso asked local governments to ...

One-fifth in H.K. 'living in poverty'

Sep 28, 2013

One-fifth in H.K. 'living in poverty'

A fifth of Hong Kong’s population is living in poverty, underscoring the challenge Chief Executive Leung Chun-ying faces in seeking to narrow a record wealth gap. About 1.3 million people, or 19.6 percent of the population, were below the poverty line last year, according ...

Nagoya mayor's ¥8 million salary cap approved

Jul 3, 2013

Nagoya mayor's ¥8 million salary cap approved

The Nagoya Municipal Assembly enacted an ordinance Tuesday that caps the annual salary of Mayor Takashi Kawamura at ¥8 million — one of his policy pledges to help save taxpayer money. A special ordinance on his salary was adopted at a plenary session of ...