Abe, business heads, labor unions agree on efforts for wage growth

Dec 16, 2014

Abe, business heads, labor unions agree on efforts for wage growth

Prime Minister Shinzo Abe’s administration crafted a joint statement Tuesday with leaders of business organizations and labor unions, aiming to bolster the economy through wage growth. At a trilateral meeting, Abe also urged large manufacturers, which have benefited from the yen’s slide, to trade ...

Mar 21, 2014

Wage hike key to Japan's economic growth, IMF says

Wage growth, mainly among smaller businesses and for nonregular workers, is an essential element for Japan’s economic growth, the International Monetary Fund said in a research report. “Higher inflation without higher incomes can hardly be characterized as a successful reform,” the IMF said Thursday, ...

Feb 5, 2014

Biz chiefs, unions start payroll talks

Base pay is the focus of this year’s “shunto” spring wage negotiations, as managers and labor leaders met Wednesday. The Japanese Trade Union Confederation, or Rengo, is demanding a 1 percent or more hike in base pay to help the nation beat deflation. Meanwhile, ...

Workers stumble while 'Abenomics' soars

Feb 3, 2014

Workers stumble while 'Abenomics' soars

by Jason Clenfield

Japanese stocks and profits are soaring under Prime Minister Shinzo Abe’s push to revive the economy. Even shop prices are up, a key step after years of deflation kept pocketbooks shut tight. None of that matters to Shuzo Matsui.

Jan 9, 2014

Automobile labor union confederation to demand basic wage hike

The Confederation of Japan Automobile Workers’ Unions said Thursday it will request a basic wage hike at the annual labor-management wage talks this spring. But the labor group, with a membership of around 762,000, did not set a unified numerical target for increased wages, ...

Keidanren to Rengo: No raises

Jan 30, 2013

Keidanren to Rengo: No raises

Annual wage negotiations got under way Tuesday as leaders of the nation’s most powerful business lobby and the biggest umbrella labor body met in Tokyo to discuss pay for the coming business year. Tough negotiations are expected following the meeting between Keidanren Chairman Hiromasa ...