Many retirees have a big problem. It isn’t what you think.
Financial advisers say too many of their clients don't actually spend enough of the money they have squirreled away, scrimping more than they need to.
Japanese households cut spending even before omicron hit
Consumers showed less appetite for spending in November even as vaccination rates climbed and COVID-19 cases became rarer.
Kishida courts Japan's biggest labor organization amid wage hike call
On Wednesday, the prime minister attended a New Year's party held by Rengo — unnerving lawmakers of opposition parties the group typically supports.
For first time in two years, Japan has some room for economic optimism
Omicron and inflation risks loom, but economists expect 2022 to be a year of recovery as consumption rises and people tap into the savings they've built up over the pandemic.
Rising costs and omicron could hurt Kishida's hopes for wage hikes
Companies will need to factor in a recovery in their earnings from the COVID-19 pandemic and the unknown impact of omicron when annual wage negotiations begin.
Daiwa prepares to boost base pay by 3% or more for first raise in four years
Prime Minister Fumio Kishida has called on firms to agree raises exceeding 3% at Japan’s annual labor-management wage negotiations in the spring.
Kishida asks Keidanren business lobby to raise wages next year
The prime minister has been calling for an over 3% pay hike by companies whose earnings have recovered to pre-pandemic levels.
Kishida's suggestion to limit buybacks in Japan rebuffed as ‘nonsense’ by analysts
The blue-chip 225-issue Nikkei average briefly dipped 1.2% following the comments by the prime minister, before paring losses.
Kishida’s latest move to rejig Japanese capitalism focuses on wages
Kishida has made boosting middle-class incomes a centerpiece of his agenda, but many businesses don’t have breathing room to consider wage increases.
Top Japan business lobby won't set specific wage hike goal for companies
Still, the lobby group will encourage companies that have recovered their earnings to raise wages in consideration for the efforts by the administration of Prime Minister Fumio Kishida.
