Japan's companies cut bonus payments in July, leading to a surprise drop in total pay for workers. While this was the first fall in 14 months, previous gains have been weak and well below the level needed to generate stronger inflation. Total cash earnings per ...
Japan's labor market is getting so tight that companies are starting to convert contract and part-time workers into full-time, regular employees to prevent them from leaving — a move that could lift wages and spending but squeeze profits. The trend is a reversal from the ...
Japan's June real wages decreased 0.8 percent from a year before in the first fall in three months, labor ministry data showed Friday. Nominal wages including bonuses fell 0.4 percent to ¥429,686 ($3,880), the first drop in 13 months, the Health, Labor and Welfare Ministry ...
To shore up his ailing administration, Shinzo Abe is vowing to focus on the economy. But instead of unleashing yet more stimulus, analysts say the prime minister needs to take a hammer to an old chestnut: moribund wage growth. Facilitating salary increases would boost household ...
Japan's real wages in May gained 0.1 percent from a year earlier for the first rise in five months, the government said Friday. Total cash earnings per worker, including base and overtime pay, increased 0.7 percent to an average ¥270,241 (around $2,300), the second consecutive ...
One of the bedrock principles of market economics is that as demand for labor goes up, so do wages. Lately, there has been evidence that this idea may no longer be true. Two weeks ago, the labor ministry released figures showing that the jobless rate ...
Nominal wages in March dipped 0.4 percent from a year before to ¥277,512 per worker for the first downturn in 10 months, the government said Tuesday. Average real, or inflation-adjusted, wages in March also dropped 0.8 percent after rising the previous month, the Health, Labor ...
The Organisation for Economic Co-operation and Development on Thursday called for Japan to promote labor reforms by imposing a binding cap on overtime work and removing obstacles to women's employment because its job market is tight. Wage growth remains "surprisingly muted" despite labor shortages, the ...
Major firms offered the lowest base-pay hike in four years, a setback for Prime Minister Shinzo Abe’s campaign dubbed “Abenomics” to spur the long-sluggish economy.
Inflation-adjusted wages remained flat in January compared with a year earlier, while nominal wages, including bonuses, rose 0.5 percent to ¥270,274, for the fourth consecutive monthly increase, the government said Thursday. Average base pay and other scheduled wages — the largest portion of monthly wages ...
With profits soaring, Japanese companies' record-breaking cash pile rises ever higher. That's bad news for the economy, which is relying on exports to sustain a modest recovery as consumers struggle with stagnant wages. The country's biggest economic problem is too much income flowing to companies, ...
The economy expanded at a slightly slower than expected 1.0 percent annual pace in 2016, helped by an uptick in exports.
