Big Japanese firms offer smaller wage hikes as economy wobbles

Business Mar 13, 2019

Big Japanese firms offer smaller wage hikes as economy wobbles

Big firms offered smaller pay increases at annual wage talks Wednesday as the economy sputters, tempering hopes that domestic consumption will offset external risks to growth. Major firms are set to raise wages for a sixth straight year as Prime Minister Shinzo Abe kept up ...

Japanese electronics makers agree on ¥1,000 pay-scale hike

Business Mar 9, 2019

Japanese electronics makers agree on ¥1,000 pay-scale hike

Six major Japanese electronics makers and their labor unions have effectively agreed on a pay-scale increase of ¥1,000 per month this year, sources said Saturday. In their shuntō spring wage negotiations, the labor unions are calling on the management side to increase the pay scale ...

Rengo to focus on monthly pay in wage-hike talks, not annual income

National Jan 29, 2016

Rengo to focus on monthly pay in wage-hike talks, not annual income

This year's shunto spring wage talks should focus on raising monthly pay rather than annual pay, Rikio Kozu, president of the Japanese Trade Union Confederation (Rengo), said in an interview Thursday. Keidanren called on member companies to raise annual pay, including bonuses and allowances. Kozu said ...

Key firms agree to hike pay scales

Business / Economy Mar 12, 2014

Key firms agree to hike pay scales

Many major firms notified their labor unions Wednesday that they will raise pay scales to conclude this year's spring wage negotiations, responding to strong calls from the administration of Prime Minister Shinzo Abe to help end long-standing deflation. Toyota Motor Corp., which has huge influence ...

Business Jan 28, 2014

Unions to demand robust pay rises

Unions are adopting robust demands for this spring's annual "shunto" wage talks, with those of Toyota Motor Corp. considering an average ¥2.3 million annual bonus and the electronics industry its first basic pay hike in five years. For the talks, the 600,000-member Japanese Electrical, Electronic ...

Editorials Nov 5, 2013

Real effect of wage increases

Despite signs that Japan Inc. may be ready to accept the prime minister's call to raise wages next spring, it's questionable whether the hikes would offest higher prices and taxes.

Editorials Mar 18, 2013

Time for base wage increases

For the first time since the 2008 failure of Lehman Brothers triggered the financial crisis, the wage situation for Japanese workers has brightened.