Pay hikes average 1.81% in Japan's spring 2021 wage negotiations
The combined average increase in base wages and regular pay is the slowest since the Japanese government began urging companies to raise wages in 2014.
Corporate Japan offers lowest pay rises in eight years
The annual wage talks serve as a barometer of corporate strength and household purchasing power.
Japan electronics industry unions to seek pay-scale hikes of ¥1,000 or more
Most major Japanese companies are scheduled to give their replies to demands from their unions on Wednesday.
Japan auto unions ease wage-hike demands on pandemic-hit carmakers
In the recent survey, many firms said they would limit pay rises to young and skilled workers.
Deflation fears fueled in Japan over slow wage growth in pandemic
With annual wage negotiations between management and labor unions getting into full swing in February and March, companies appear reluctant to raise pay after a difficult 2020.
Annual wage talks kick off in Japan as pandemic darkens outlook for pay hikes
Amid the economic hit from the pandemic, Japan's most powerful business lobby has stressed that aiming for pay hikes across the board is "unrealistic."
Keidanren seeks focus on roles and performance in wage hike talks
While calling on member companies to raise wages in line with individuals' work, draft guidelines leave blanket increases as an option for companies seeing favorable business performance.
Toyota drafting proposal for fully merit-based annual pay increases
It is rare for a major Japanese manufacturer to adopt a fully merit-based pay system, and the move is likely to affect the wage policies of other companies.
Major Japan firms agree to 2.12% pay hike in labor-management negotiations
Major companies agreed to raise monthly wages by ¥7,096, or 2.12 percent, including base wage increases, on average in this year's shuntō labor-management negotiations, according to Keidanren's final survey, released on Monday. The average growth topped 2 percent for the seventh straight year since the ...
Jittery over COVID-19, Toyota and other Japan firms shun base pay hikes
Major companies were reluctant to offer base pay hikes during annual wage talks, with Toyota Motor forgoing its uniform monthly pay-scale increase for the first time since 2013.
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 ...
Japan's efforts to raise wages wane as firms embrace merit-based pay
More Japanese companies are shifting to merit-based pay as competition for workers heats up, but the change risks holding back the sort of blanket wage hikes the prime minister says are needed to inflate the economy. Ahead of annual labor talks set for March 11, ...
