May 19, 2015

Real wages fell 3% in fiscal 2014; largest drop on record

Japan’s average monthly real wage plunged 3.0 percent in fiscal 2014, marking the largest fall on record and the fourth year of decline, as last year’s consumption tax hike took its toll, the labor ministry said Tuesday. However, in nominal terms the average monthly ...

Feb 16, 2015

Survey suggests more firms planning pay hikes in fiscal 2015

An annual survey has found that a record 48.3 percent of the responding companies in are planning salary hikes for regular workers in fiscal 2015, credit research company Teikoku Databank Ltd. said on Monday. The proportion was higher than 46.4 percent seen in the ...

Families hit as inflation outruns wage rises

Feb 4, 2015

Families hit as inflation outruns wage rises

Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy. Average earnings climbed 0.8 percent last year while pay, adjusted for inflation, fell 2.5 percent, ...

Jan 20, 2015

Nomura to raise pay for 3,700 workers at brokerage unit

Nomura Holdings Inc. on Tuesday said it will raise pay for about 3,700 employees at its domestic brokerage unit to attract and retain staff, and to support the economy. Base pay at Nomura Securities Co. will climb an average 2.3 percent from April, said ...

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 ...