Summer bonuses at major Japanese companies fell for the first time in five years this year, according to a final tally by the Japanese Business Federation (Keidanren). The average bonus fell 2.98 percent from a year earlier to ¥878,172, the first drop since 2012, after ...
The government is pushing to force companies to give at least 104 days off per year to skilled professionals under an envisaged system to scrap working-hour limits, it was learned Tuesday. The obligation will be included in a planned agreement among top leaders of the ...
Summer bonuses at major companies fell 4.56 percent to ¥917,906 ($8,300) on average from last summer, posting the first drop in five years, the Japan Business Federation said in a preliminary report. The business lobby, also known as Keidanren, attributed the drop to a strong ...
Washington’s exit from the Paris climate accord might counter Tokyo’s efforts to fight global warming by prompting big businesses to put up more resistance to carbon pricing
Japanese companies are hoping the new Japan-U.S. economic dialogue will help them expand investment in the United States while bracing for tough demands from the administration of U.S. President Donald Trump. The dialogue is expected to "become a foundation for strengthening the two countries' economic ...
The government and private companies are stepping up efforts to assess the potential impact of Britain leaving the European Union as London formally notified Brussels of its withdrawal from the bloc. "There will be significant impact on businesses," Economy, Trade and Industry Minister Hiroshige Seko ...
Keidanren and Rengo have agreed to limit monthly overtime to 100 hours during busy periods as Japan seeks to change its deep-rooted culture of working long hours.
Keidanren and the Japanese Trade Union Confederation (Rengo) are expected to conclude their talks on introducing an overtime cap early next week, sources said Thursday. Keidanren, Japan's largest business lobby, and Rengo, the umbrella organization for labor unions in the country, have already agreed to ...
Starting Friday, many workers in Japan, notorious for its culture of overwork, will have a chance to start the weekend early, albeit once a month, for a trip to an onsen (hot springs), a shopping spree or simply dining out with family and friends. The ...
The cost of building the facilities should the 2025 Osaka World Exposition become reality would be about ¥124.7 billion, according to the industry ministry's estimate. The Ministry of Economy Trade and Industry's estimate is lower than the ¥130 billion estimate issued by Osaka Prefecture, based ...
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, mainly ...
Sadayuki Sakakibara, chairman of the Japan Business Federation (Keidanren), urged member companies Monday to increase pay on an annual basis, including bonuses and allowances, as part of this year's spring wage negotiations, known as shunto. Following the 2015 Christmas Day overwork-related suicide of a 24-year-old ...
