Corporate Japan stacks up cash, skimps on pay raises

Feb 22, 2017

Corporate Japan stacks up cash, skimps on pay raises

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With profits soaring, Japanese companies’ record-breaking cash pile rises ever higher. That’s bad news for the economy, which is relying on exports to sustain a modest recovery as consumers struggle with stagnant wages. The country’s biggest economic problem is too much income flowing to ...

Japan's 0.5% wage increase last year the biggest since 2010

Feb 6, 2017

Japan's 0.5% wage increase last year the biggest since 2010

The wallets of Japan’s workers ended up a bit fatter last year, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average ¥3.78 million ($33,673), while the number of hours worked dropped. Regular workers ...

Feb 1, 2017

Keidanren seeks higher pay on annual basis

Japanese companies should consider ways to raise employee pay on an annual basis in this year’s shunto spring labor-management wage talks, Yasumi Kudo, vice chairman of the Japan Business Federation, or Keidanren, said. “It’s natural for companies with strong earnings to conduct wage hikes, ...

Nursery school teachers to get pay hike in 2017 budget

Dec 20, 2016

Nursery school teachers to get pay hike in 2017 budget

The government will earmark ¥54 billion in the fiscal 2017 budget to increase monthly pay for nursery teachers and improve their working conditions, officials said. The amount was set during negotiations on budget requests between Finance Minister Taro Aso and labor minister Yasuhisa Shiozaki. ...

Dec 6, 2016

Labor shortage is worst in least productive industries

Japan’s aging and shrinking population is causing labor shortages that should be helping workers win higher pay. But it’s not working out that way, in part because of low productivity in the areas of the greatest shortage, according to economists including Hideo Kumano at ...

Wages rise, hours fall for part-time workers

Nov 25, 2016

Wages rise, hours fall for part-time workers

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Over the last 10 years, Japan’s 14 million part-time workers cut their working hours by more than 6 percent. They now work about 4.5 hours a day. That’s a blow to a country that’s struggling with a declining population, and to a government seeking ...