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 ...
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 ...
Federation of Japan auto labor unions won't seek unified base pay hike
A group of Japanese automobile workers' unions decided Thursday that each union should set a specific monthly payment target for the annual labor-management wage talks this spring, instead of seeking a unified base pay rise as it has done in recent years. The decision by ...
Japan's largest business lobby seeks 3% pay hike in response to 'social demands'
Keidanren, Japan's most powerful business lobby, has renewed its call on member companies to implement a 3 percent pay hike ahead of annual labor-management wage talks, saying the increase is needed in response to "social demands." Following Prime Minister Shinzo Abe's repeated calls for pay ...
Auto unions seek repeat of 2016 base pay hike amid firms' cloudy earnings prospects
Annual spring wage negotiations between companies and labor unions got into full swing Wednesday with unions from Japan's major automakers demanding the same base wage increase as last year despite concerns about the industry's earnings prospects. The unions of Toyota Motor Corp. and Fuji Heavy ...
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 ...
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 ...
Return of shunto is hollow triumph for unions
Shunto is in full swing. Or so it should be. Or so they say. Shunto is the Japanese word for the annual spring round of wage negotiations conducted between big business and trade unions. This "spring offensive" used to feature large in the annual ...
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 ...
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.
For the first time since the 2008 failure of Lehman Brothers triggered the financial crisis, the wage situation for Japanese workers has brightened.
