Business Jun 17, 2020

Summer bonuses at major Japanese firms down 6%

The average bonus at major Japanese companies this summer will fall 6.0 percent from a year before to ¥925,947 due to the coronavirus pandemic and a slowdown in the global economy, the Japan Business Federation, or Keidanren, said in a preliminary survey report Wednesday. The ...

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 ...