Tag - wages

 
 

WAGES

A government panel in charge of promoting women's active engagement in professional life has said gender wage gaps may be behind the outflows of young women from rural areas in Japan.
JAPAN / Society
May 28, 2024
Gender wage gaps seen behind outflows of women from rural areas
Experts have said that local governments need to make wage gap rectification part of regional revitalization efforts in order to stem outflows of women.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS / Companies
May 24, 2024
Nomura pay for top executives rises 150% as profit rebounds
Total compensation paid to the firm’s eight executive officers in the year ended March 31 rose to ¥4.46 billion.
Japan's real wages in fiscal 2023 were down for the second straight year, as steady wage growth failed to keep pace with inflation.
BUSINESS / Economy
May 23, 2024
Japan's fiscal 2023 real wages show sharpest drop in nine years
Real wages were down for the second straight year, as steady wage growth failed to keep pace with inflation.
Nippon Steel's Kashima plant in Kamisu, Ibaraki Prefecture. The average wage hike in the steel industry stood at 12.04% this year, far exceeding last year's 2.77%.
BUSINESS / Companies
May 21, 2024
Major Japanese companies agree to raise pay by 5.58%
The result far exceeded last year's rise of 3.91%, or ¥13,110, and topped 4% for the first time since 1992.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
BUSINESS / Companies
May 15, 2024
Fortress’s Japan hotel unit doubles pay to fight labor shortage
MyStays Hotel Management is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program.
A government white paper on small and medium enterprises said more than 60% of such firms plan to raise wages this year.
BUSINESS
May 12, 2024
Japan small firms raising wages amid labor shortages, government paper says
The white paper also pointed out that the labor productivity of Japan is lower than that of other members in the OECD.
Real wages fell 2.5% from a year earlier in March, marking the 24th straight month of declines, exacerbated by a 9.4% drop in bonuses.
BUSINESS / Economy
May 9, 2024
Real wages fell for 24th month in March, dented by 9.4% decline in bonuses
Data for full-time workers that avoid sampling problems and exclude bonuses and overtime pay grew by 2.3%, above 2% for the seventh month.
Japan's industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines.
BUSINESS / Economy
Apr 30, 2024
Japan’s factory output records weakest quarter since pandemic
The yen’s plunge to a fresh 34-year low versus the dollar could spur a resurgence of cost-push inflation via higher costs for imports of food and energy.
About 60% of small and mid-sized companies plan to raise wages in fiscal 2024, a government survey shows.
BUSINESS / Economy
Apr 23, 2024
70% of Japan companies to raise pay-scales in FY 2024
Survey results showed that about 40% of firms were struggling with labor shortages even after raising wages.
A special subgroup of the Central Council for Education, which advises the education minister, is examining boosting teachers' adjustment allowances, currently set at 4% of monthly salary, as part of measures to improve conditions at public schools.
JAPAN / Society
Apr 13, 2024
Japan considering first hike in teachers' overtime pay in 50 years
There has been a proposal for raising the allowances to 10% of monthly salary or even higher, sources have said.
The departure hall at Haneda Airport in Tokyo. Now with inflation at its strongest in decades, Japanese are starting to realize that years of static wages leave many of them budgeting each month before their next pay check.
BUSINESS / FOCUS
Apr 13, 2024
Japan’s young workers head abroad as huge wage gap persists
The outflow is also a sign that many Japanese aren’t buying into the nation’s economic optimism as it exits from decades of deflation.
The Bank of Japan headquarters in Tokyo. The central bank will probably discuss revising up its projection for growth in consumer prices for the current fiscal year, sources said.
BUSINESS / Economy
Apr 10, 2024
BOJ said to mull raising inflation view on strong pay deals
Rising oil prices and the weak yen are spurring inflationary pressure that could fuel speculation of earlier moves by the BOJ.
Bank of Japan Gov. Kazuo Ueda listens to a question during a news conference after a two-day monetary policy meeting at the central bank's headquarters in Tokyo on March 19.
BUSINESS / Economy / FOCUS
Apr 8, 2024
Ueda's first year as BOJ chief marked by smooth handling of policy shift
But the central bank governor now has to balance various factors, including how further rate hikes might affect not just the yen but also households.
Real cash earnings for Japanese workers in February dropped 1.3% from a year earlier, government data has shown.
BUSINESS / Economy
Apr 8, 2024
Japan’s decline in real wages likely to keep BOJ on hold for now
The latest decline in real wages comes as growth in consumer prices accelerated to 2.8% in February, the quickest pace since November.
Nissan’s name has been removed from a list of around 44,000 companies eligible for the tax incentive on the economy ministry’s website.
BUSINESS / Companies
Apr 6, 2024
Nissan ineligible for tax break after underpaying firms: report
Nissan’s name has been removed from a list of companies eligible for the tax incentive on the economy ministry’s website, the Yomiuri Shimbum said.
BASKETBALL
Apr 4, 2024
NZ pro women's basketball league doubles players' pay
The commercial success of league's first two seasons has allowed it to increase payments.
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024
Bonuses at Japan's global banks underwhelm despite booming markets
Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
An electronic stock board in Tokyo on Thursday. Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
BUSINESS / Markets
Mar 23, 2024
Japan’s stock boom gets broader support than just exporters
Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
The Bank of Japan will decide whether to end its negative interest rate policy at its policy board meeting, which ends on Tuesday.
BUSINESS / Economy
Mar 18, 2024
BOJ’s Ueda faces decision time on rate hike
With the end of Japan's negative rate being a near certainty, the only question that remains is whether it comes on Tuesday or at the end of April.
Keidanren chief Masakazu Tokura addresses the Liberal Democratic Party's annual convention in Tokyo on Sunday.
BUSINESS / Economy
Mar 17, 2024
Japan business lobby chief hopes for government efforts to end deflation
The BOJ may end negative interest rates at its two-day monetary policy meeting through Tuesday, in what could be the first hike in 17 years.

Longform

The Japanese government updated its English education guidelines in 2017 to emphasize communication over grammar and memorization. Public school teachers are incredibly busy, however, which means schools haven’t been able to implement changes uniformly. Private and alternative schools are attempting to remedy this.
The language of opportunity: Bilingual education is on the rise in Japan