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July 27, 2024
 

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WAGES

BUSINESS / Economy
May 19, 2015
Real wages fell 3% in fiscal 2014; largest drop on record
Japan's average monthly real wage plunged 3.0 percent in fiscal 2014, marking the largest fall on record and the fourth year of decline, as last year's consumption tax hike took its toll, the labor ministry said Tuesday.
BUSINESS / Companies
May 1, 2015
Resona group banks to give pay raises for first time in 20 years
Resona Holdings Inc. has decided to raise wages for workers in nonmanagerial posts at its banks by 1 percent or more on average from July in the first wage hike in 20 years, company officials said.
Japan Times
BUSINESS / Economy / ABENOMICS — THE BOTTOM LINE
Apr 7, 2015
'Abenomics' fails to get households spending
Data suggest the BOJ's massive quantitative easing has pushed the yen's value down, benefiting big firms and boosting stock prices, but when it comes to household budgets, it is a different story.
BUSINESS
Apr 3, 2015
To fuel economic recovery, Abe urges small, midsize firms to hike wages
Prime Minister Shinzo Abe on Thursday urged small and medium-size companies to raise wages to fuel economic recovery through expanded consumer spending.
Japan Times
BUSINESS / Companies
Mar 18, 2015
Major companies agree to hike pay scales; attention shifts to smaller firms
In a boost to Prime Minister Shinzo Abe's economic policies, major domestic firms say they will raise pay scales to conclude this year's spring wage talks.
ASIA PACIFIC
Mar 18, 2015
South Korean factory workers protest wage rise for North Korean colleagues
South Koreans working in a North Korean industrial complex have protested Wednesday following a decision to award their North Korean colleagues a wage increase.
BUSINESS / Economy
Mar 17, 2015
BOJ must adopt pay goal as deflation looms, price professor says
The Bank of Japan must take the unusual step of preventing a return to deflation, according to a professor at the University of Tokyo who tracks prices.
BUSINESS / Economy
Mar 5, 2015
Growth in Japan uneven, tied to population size: poll
Despite Prime Minister Shinzo Abe's focus on revitalizing regional economies, growth remains uneven across Japan — with the pace of recovery slow the past year in municipalities with smaller populations, a Kyodo News survey showed Wednesday.
BUSINESS / Economy
Mar 4, 2015
Workers getting smaller share of corporate earnings despite record profits
Millions of workers are taking home their smallest share of corporate income in two decades as companies build record cash hoards and fail to give the substantial wage raises that Prime Minister Shinzo Abe sees as critical to a durable economic recovery.
Japan Times
BUSINESS / Companies
Feb 26, 2015
Toyota likely to agree to bigger wage hike than last year
Toyota Motor Corp. will likely agree to a base-wage hike that will top last year's raise of ¥2,700 per month, sources close to the matter said, as the carmaker began annual pay talks with its labor unions.
BUSINESS / Economy
Feb 18, 2015
Big firms face pay-hike calls as 'shunto' labor talks begin
Large firms kicked off their annual wage talks Wednesday, with labor unions demanding a pay-scale hike amid Prime Minister Shinzo Abe's repeated calls for an increase in salaries that would help boost consumption and shore up the economy.
Japan Times
BUSINESS / Economy
Feb 4, 2015
Families hit as inflation outruns wage rises
Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy.
EDITORIALS
Jan 30, 2015
Higher wages can boost economy
The prospect of Japanese companies granting wage increases this spring appears mixed as the annual talks on wage hikes get under way between labor and management.
Japan Times
BUSINESS
Jan 26, 2015
Keidanren chief says annual wage hikes needed to revive economy
Japanese firms need to raise salaries in order to put the economy on a firmer footing, the head of the nation's top business lobby said on Monday before annual wage talks shift into full swing in February.
COMMENTARY / World
Jan 24, 2015
U.S. wages lagging and no one knows why
The U.S. unemployment rate has dropped from a peak of 10 percent in October 2009 to 5.6 percent at the end of 2014. Yet, hourly wage gains haven't accelerated. Economists are baffled.
Japan Times
BUSINESS
Jan 22, 2015
Improved 'competitiveness' key to wage hikes, labor chief says
Restoring industrial competitiveness is the key to fueling wage gains that the Abe government and the central bank are counting on to ensure inflation takes hold, according to labor minister Yasuhisa Shiozaki.
BUSINESS / Economy
Jan 21, 2015
Keidanren to back pay-scale hikes for second straight year
The nation's leading association of business leaders said Tuesday it will support pay-scale hikes by member companies in the upcoming annual wage talks, adopting the policy for the second straight year.
Japan Times
BUSINESS / Markets
Jan 15, 2015
BOJ says minimum 1% gain in base wage needed for recovery: sources
Bank of Japan officials figure that average base wage gains of 1 percent are needed in the coming fiscal year to sustain the economy's emergence from two decades of stagnation, say sources familiar with central bank's discussions.
BUSINESS
Jan 3, 2015
87% of big firms expect economy to expand in 2015
A survey of unspecified kinds of companies says many are optimistic that Japan's shrinking economy will post growth in 2015.
BUSINESS / Economy
Dec 18, 2014
Companies still hoarding cash despite pleas from Abe, Kuroda to spend
Two days after Prime Minister Shinzo Abe secured a pledge from Japan Inc. to do its best to boost wages to revive the world's third-biggest economy, data showed companies hoarding record amounts of cash.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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JNTO promotes sustainable tourism initiatives

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