/ May 19, 2015

Real wages fell 3% in fiscal 2014; largest drop on record

Japan's average monthly real wage plunged 3.0 percent in fiscal 2014, marking the largest fall on record and the fourth year of decline, as last year's consumption tax hike took its toll, the labor ministry said Tuesday. However, in nominal terms the average monthly wage ...

Families hit as inflation outruns wage rises

/ Feb 4, 2015

Families hit as inflation outruns wage rises

Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy. Average earnings climbed 0.8 percent last year while pay, adjusted for inflation, fell 2.5 percent, the ...

Panasonic employees' pay scales to be raised

/ Mar 4, 2014

Panasonic employees' pay scales to be raised

Panasonic Corp. is planning to raise the pay scale for its employees at this spring's labor-management wage talks for the first time since 2008, sources said Tuesday. The electronics-maker took into consideration commodity price rises and the imminent sales tax hike, which will likely put ...

/ Jan 7, 2014

Daiwa may boost junior staff's pay

Daiwa Securities Group Inc. plans to raise salaries for about 5,000 junior staff to offset swelling costs as the government prepares to increase the consumption tax. Japan's second-largest brokerage is considering increasing monthly pay by about 3 percent, targeting employees in their 20s and 30s, ...