Summer bonuses at major Japanese firms down 2.52% from previous year
The average summer bonus at major companies this year declined 2.52 percent from a year earlier to ¥971,777, down for the first time in two years, an initial tally by the Japanese Business Federation showed Tuesday. Labor unions' requests to raise pay scales, rather than ...
Japan business lobby chief to undergo treatment for lymphoma
Hiroaki Nakanishi, chief of the nation's biggest business lobby, has been diagnosed with lymphoma and will undergo treatment, the Japan Business Federation said Wednesday. The 73-year-old chairman of Hitachi Ltd. has not felt well since early May and was hospitalized for a checkup at a ...
End of Heisei Era and lifetime employment
Lifetime employment in Japan companies is fading in the face of slow growth and intensifying competitive pressures.
Tight labor market in Japan forces companies to revamp recruitment
Major firms will begin hiring university graduates year-round, Keidanren said Monday, revamping Japan's long-standing education-to-employment pathway in response to the changing labor market. Keidanren, the country's most powerful business lobby and also known as the Japan Business Federation, will no longer expect its members to ...
Japanese firms likely to expand year-round hiring of university graduates
Keidanren, the nation's top business lobby, and Japanese universities are expected to agree to let more companies introduce year-round hiring of new graduates, sources have said. Officials from the two sides, set to meet on Monday, are likely to agree to review the current practice ...
Keidanren wants maximum service life of nuclear power plants extended to over 60 years
Keidanren will also request that periods in which plant operations are halted be excluded from their operating life spans, sources said Friday.
At B20 in Tokyo, world business leaders urge stronger cooperation on looming challenges
As confidence in free trade appears to be waning mainly due to U.S. foreign policy and Brexit, international business leaders said Friday that stronger cross-border cooperation is needed more than ever to prevent further damage to the principles of globalization. "Our message is very clear. ...
Japan's workforce can expect smaller raises this year as companies push back against Abe
Japan Inc. is pushing back after years of pressure to give bigger pay raises that has been a key part of Prime Minister Shinzo Abe's campaign to restore stable economic growth. While wages have never reached the level sought by Abe, the results from annual ...
Job-hunting begins for Japan's spring 2020 graduates amid labor crunch
Companies started Friday to offer employment seminars for third-year university students due to graduate in spring 2020, marking the opening of the last job-hunting season under the rules set by Japan's biggest business lobby. The job market continues to be favorable to students as the ...
Tokyo plans traffic survey ahead of 2020 Olympics, and urges firms to adopt 'smooth biz' flexibility
The Tokyo Metropolitan Government has revealed plans to conduct a road traffic volume survey later this year, ahead of the 2020 Tokyo Olympics and Paralympics. The survey will take place for several weeks around July 24, a year before the Olympic opening ceremony. The Tokyo government ...
Japan's auto labor unions submit requests, kicking off annual spring wage talks
Annual spring wage negotiations got into full swing Wednesday as labor unions from Japan's major automakers submitted their requests to management amid an uncertain global economic outlook. This year, Toyota Motor Corp.'s union, seen as the industry's trendsetter, did not present a specific target for ...
Cybersecurity experts say the type of virus detected and servers involved in the cyberattack on Keidanren were identical to those used in past cases attributed to APT10.
