Spread of COVID-19 casts shadow over Japan's <I>shuntō</I> wage talks

Business Feb 20, 2020

Spread of COVID-19 casts shadow over Japan's shuntō wage talks

The widening outbreak of the new coronavirus originating in China has started to affect annual shuntō wage negotiations. Tougher wage talks are expected this year, with management increasingly cautious about agreeing to pay hikes amid growing concerns over corporate performance. The Japanese Trade Union Confederation, or ...

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 ...