Business / Corporate 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, ...

One-fifth in H.K. 'living in poverty'

Asia Pacific / Social Issues Sep 28, 2013

One-fifth in H.K. 'living in poverty'

A fifth of Hong Kong's population is living in poverty, underscoring the challenge Chief Executive Leung Chun-ying faces in seeking to narrow a record wealth gap. About 1.3 million people, or 19.6 percent of the population, were below the poverty line last year, according to ...

Nagoya mayor's ¥8 million salary cap approved

National / Politics Jul 3, 2013

Nagoya mayor's ¥8 million salary cap approved

The Nagoya Municipal Assembly enacted an ordinance Tuesday that caps the annual salary of Mayor Takashi Kawamura at ¥8 million — one of his policy pledges to help save taxpayer money. A special ordinance on his salary was adopted at a plenary session of the ...