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 ...

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 ...