Ex-BOJ exec urges focusing stimulus efforts on wages not bonds

Aug 18, 2016

Ex-BOJ exec urges focusing stimulus efforts on wages not bonds

The Bank of Japan should stop its record bond purchases because the policy has failed to spur consumer prices and instead focus with the government on a wage target, according to a former central banker. While BOJ Gov. Haruhiko Kuroda’s asset purchases and negative ...

Aug 3, 2016

Raising the minimum wage

Raising the minimum legal wage is just one of several steps the government must take to improve the lives of the nation's "working poor."

Aug 2, 2016

IMF backs labor, tax reforms to boost Abenomics

The government of Prime Minister Shinzo Abe should step up efforts to revamp the labor market, encourage businesses to raise wages and restore the nation’s debt-ridden finances through consumption tax increases as part of efforts to spur the flagging Abenomics policy mix, the International ...

Jul 8, 2016

Wages in Japan down for first time in 11 months

The average monthly wage among workers in Japan in May fell 0.2 percent from a year before to ¥267,933, down for the first time in 11 months, the Health, Labor and Welfare Ministry said Friday. The drop happened because the proportion of part-time workers ...

May 9, 2016

Real wages rise in March at sharpest rate in five years

Real wages rose at the fastest pace in more than five years in March, creating hopes for greater consumer spending, government data showed Monday. Average inflation-adjusted wages gained 1.4 percent from a year earlier for the second consecutive month of growth, the Health, Labor ...

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 ...

Apr 5, 2016

Real wages rise in February; up for first time in four months

Real wages rose for the first time in four months in February as base pay and other scheduled wages hit a more than 10-year high, the government said Tuesday. Average inflation-adjusted wages gained 0.4 percent from a year earlier, while nominal wages rose 0.9 ...

Mar 19, 2016

Pay scale hikes averaging ¥1,478 so far: Rengo

The pay scale hikes agreed to during this year’s shunto (spring wage negotiations) were averaging ¥1,478 per month as of Friday morning, the Japanese Trade Union Confederation, known as Rengo, said. The average, obtained two days after major companies announced their fiscal 2016 pay ...