Japan to cut fiscal 2019 tax revenue estimate on weak corporate earnings
The government will cut its tax revenue estimate for fiscal 2019 possibly by more than ¥2 trillion, from ¥62.50 trillion ($575 billion), as a result of weaker-than-expected corporate earnings amid a slowdown in the global economy, according to official sources with knowledge of the ...
Major Japan firms to pay record winter bonuses for second year
Major companies in Japan are set to pay record-high winter bonuses for the second straight year, the Japan Business Federation, or Keidanren, said Thursday. Bonuses agreed in labor-management wage negotiations for this winter averaged ¥964,543, showing a rise of 1.49 percent from the previous year's ...
Strong yen poses risks for Japan as U.S.-China trade war continues
Japan Inc. is caught in the crossfire of the trade war between the United States and China, as a resurgent yen threatens to sap profits and complicate the economic outlook. Worsening trade friction between the world's two largest economies has reduced investor appetite for risk ...
Survey finds major Japanese companies pessimistic about economy
Nearly 70 percent of Japan's major companies view the economy as having leveled off and 10 percent believe it has already started to contract, affected partly by the prolonged U.S.-China trade dispute. Responding to questions in a Kyodo News survey, most companies — including Toyota ...
Japanese business leaders count on reform progress after ruling coalition's victory
Business leaders welcomed the ruling coalition's victory in Sunday's Upper House election, voicing hope that the government of Prime Minister Shinzo Abe will facilitate progress in improving social security programs and restoring fiscal health. "In this fall's extraordinary Diet session, to sweep away worries about ...
South Korea to unveil plans to ease reliance on Japanese industries
“The government is working on comprehensive plans to reduce the country’s dependence on Japan’s materials, components and equipment industries and will announce them soon,” South Korea’s finance minister said.
Laid-off expat bankers struggle to find new jobs in high-cost Hong Kong
For years, Hong Kong was a hotspot with plum jobs for overseas bankers as global firms hired aggressively. But many recently laid-off bankers in the city are finding that cost-cutting and a demand for Mandarin speakers have diminished the opportunities for expats in Asia's ...
Few Japanese firms plan to hire foreign workers under new immigration law, poll suggests
The survey suggests the government may struggle to get the workers it needs to ease the country’s labor woes.
Nearly 40% of companies see low retention rate for midcareer hires: survey
Close to 40 percent of employers feel they have low retention rates for regular employees hired in the middle of their careers, according to a survey. The survey was conducted online by recruitment agency En-Japan Inc. between late January and late February on companies that ...
Japanese firms prepare for large-scale volunteering during 2020 Games
Major companies are encouraging employees to volunteer for the 2020 Tokyo Olympics and Paralympics, after the Tokyo Organising Committee started their search for 80,000 on Wednesday. A number of firms plan to send volunteers from among their own workforce, although some industries are concerned about ...
Japan saw capital spending rise at fastest pace in over a decade in April-June quarter
Investment by all nonfinancial sectors for purposes such as building factories and adding equipment increased by 12.8 percent from a year earlier, with spending reaching ¥10.66 trillion.
Companies across Japan take action to protect employees from unruly customers
A campaign is underway among Japanese companies to clarify rules that protect employees from unruly customers as labor shortages drive public-facing industries to improve their work conditions. In one example, taxi companies keen to stem an exodus of drivers are setting strict guidelines that allow ...
