Japan facing increased pressure to hike minimum wage, but business leaders give mixed response
Last month, Prime Minister Shinzo Abe's Council on Economic and Fiscal Policy recommended that the government draw up detailed measures to bring the nationwide average minimum wage up to ¥1,000 per hour as soon as possible. According to an article in the May 15 Asahi ...
Trump tariffs on China and Mexico seen spelling harm for U.S. economy
Ten billion here, ten billion there: President Donald Trump's escalating tariffs on imports to the United States have begun to amount to serious money — and potentially to imperil one of the most resilient economies in American history. Until now, the economy has largely shrugged ...
Ford will shut its engine plant in Wales next year, costing about 1,700 jobs, the U.S. auto giant announced Thursday in a further blow to Britain's embattled car sector struggling with Brexit uncertainty and a global race to meet rising demand for electric vehicles. The ...
Many people who came of age when the economy was struggling and had trouble finding good jobs are still suffering financially and face a grim future.
Labor minister opposes banning dress codes in Japan that force women to wear high heels
The labor minister has indicated he will not support a drive to ban dress codes that force women to wear high heels at work. Employees' health and safety need to be protected, but work is varied, said Health, Labor and Welfare Minister Takumi Nemoto, who ...
Japan to support creation of 300,000 jobs for long-term unemployed
The government plans to support the creation of 300,000 jobs over the next three years for people who have failed to secure permanent employment since the collapse of Japan's economic bubble in the early 1990s, a draft policy guideline showed Tuesday. The support will include ...
Japan's Mizuho bank to allow employees to take side jobs by next March
Mizuho Financial Group Inc. plans to change its personnel policy to allow employees to hold side jobs by the end of next March, the first such move by a mega-bank. By helping employees seek new challenges and opportunities, Mizuho hopes they will use the experience ...
Group files petition to ban dress codes in Japan requiring women to wear high heels at work
A group fighting gender-based workplace discrimination submitted a petition to the labor ministry calling for a ban on dress codes that force women to wear high heels at work. The petition bearing 18,856 signatures was presented Monday by Yumi Ishikawa, the leader of the group ...
Employers need to realize the gravity of the power harassment problem and make steady efforts to eliminate it.
Higher wages key to higher productivity
A forced hike in wages is both a powerful stick and a nutritious carrot that will boost productivity, and thus the future prosperity of Japan.
From cars to beer, U.S. companies and consumers are in line of fire of tariffs aimed at Mexico
U.S. President Donald Trump's surprise threat to impose escalating tariffs on Mexican imports jolted industry leaders throughout the American economy Friday, sparked opposition even from usual Trump allies and set the stage for U.S. consumers to face higher prices. It also sent stock markets tumbling, ...
MUFG, Japan's biggest bank, offers redundancy to hundreds of managers in London
Mitsubishi UFJ Financial Group Inc. is preparing major job cuts in London, another sign of the deepening troubles Japanese banks face at their overseas operations. MUFG, Japan's largest lender, is offering voluntary redundancy packages to about 500 directors and managing directors in London, according to ...
