Tag - wages

 
 

WAGES

Ministers gather for a Cabinet meeting on Friday at Prime Minister's Office.
JAPAN / Politics
Nov 17, 2023
Japan enacts bill to raise annual pay of PM and ministers
The prime minister's annual salary will be raised by ¥460,000 to ¥40.61 million.
Japan Airlines is planning to pay a winter bonus equivalent to three months' salary in this fiscal year, up from the 1.7 months' salary for the fiscal 2022 winter bonus.
BUSINESS / Companies
Nov 15, 2023
JAL to pay highest winter bonus since 2012 relisting
The planned bonus is up sharply from the 1.7 months' salary for the fiscal 2022 winter bonus.
An assembly line at Honda Motor's  Performance Manufacturing Center in Marysville, Ohio, in November 2016
BUSINESS / Companies
Nov 11, 2023
Honda will give autoworkers 11% raise after UAW’s big wins
While nonunion automakers race to boost pay and keep the union out of its gates, the UAW is trying to organize foreign-owned factories in the U.S.
A bill that would raise the pay for Prime Minister Fumio Kishida, Cabinet ministers and some civil servants was passed by the  Lower House Cabinet Committee on Friday.
JAPAN / Politics
Nov 10, 2023
Bill that would hike Kishida and Cabinet's pay clears Lower House committee
The plan has been met with fierce backlash from opposition parties, with lawmakers lambasting the government for its “poor political judgment.”
Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Oct. 31.
BUSINESS / Economy
Nov 9, 2023
BOJ debated groundwork for future easy-policy exit at meeting
The October discussions highlight how the central bank is looking to exit its decade-long accommodative regime.
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS / Economy
Nov 7, 2023
Japan's wages and spending extend declines in test for BOJ policy
Japan's real wages dropped 2.4% in September from a year earlier.
Keidanren Chairman Masakazu Tokura at a news conference in Tokyo on Oct. 25. In September, the head of the business lobby group expressed the expectation that pay hikes exceeding 4% will be seen next year.
BUSINESS
Nov 6, 2023
Japan's main business lobby to press firms for over 4% wage hikes
The average pay hike at major member firms this year stood at 3.99%, the highest in 31 years.
Bank of Japan Gov. Kazuo Ueda addresses business leaders in Nagoya on Monday.
BUSINESS
Nov 6, 2023
BOJ chief sees inflation progress but warns of uncertainty
Japan's economy is likely to continue recovering, but the outlook was "extremely uncertain," Bank of Japan Gov. Kazuo Ueda said.
Japan's industrial output increased a smaller-than-expected 0.2% in September.
BUSINESS / Economy
Oct 31, 2023
Japan's September industrial production growth misses consensus
Factory output increased 0.2% from a month earlier, missing economist expectations of a 2.5% gain.
Striking United Auto Workers union members embrace at the end of their picket shift outside the Ford Assembly Plant in Wayne, Michigan, on Wednesday.
BUSINESS / Companies
Oct 31, 2023
UAW reaches deal with GM, ending strike against Detroit carmakers
Some analysts have said recent deals will place the Detroit Three at a disadvantage compared with Tesla and foreign brands such as Toyota.
United Auto Workers members strike at a General Motors assembly plant in Arlington, Texas, on Oct. 24.
BUSINESS / Companies
Oct 29, 2023
General Motors hit with more strikes while Stellantis reaches deal with UAW
More than six weeks after the historic strikes began, GM is now the only one of the companies that doesn’t have a deal with the union.
Rengo President Tomoko Yoshino says the labor organization will seek wage hikes of 5% or more next year.
BUSINESS / Economy
Oct 19, 2023
Japan's largest labor group aims for wage hikes of 5% or more
Rengo will finalize its stance in December ahead of next year's wage negotiations.
Some of the most popular influencers can amass small fortunes before they're 18, but there are few legal protections to ensure their earnings remain their own.
BUSINESS / Companies
Oct 12, 2023
Child influencers make big money. Who gets it?
"I’m terrified to share my name because a digital footprint I had no control over exists."
Signage for Japan's top banks, MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking in Tokyo.
BUSINESS / Companies
Oct 12, 2023
Japan’s top banks pay women about half of what men earn
The country has a relatively high labor participation rate for women, but many of the positions they occupy have little prospect of better pay.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo in September.
BUSINESS / Economy
Oct 9, 2023
Wage hikes key for BOJ policy normalization
Wage growth trends during next year's spring labor-management negotiations will be closely watched for indicators.
The Bank of Japan headquarters in Tokyo. BOJ officials responded in July to upside risks to inflation by essentially raising the upper limit for 10-year bond yields, in the first surprise move under Gov. Kazuo Ueda.
BUSINESS
Oct 6, 2023
BOJ may review easing and guidance this month, ex-official says
The central bank faces a recent rise in yields, the yen’s slide and inflation consistently coming in stronger than expected.
Japan's real wages in August declined for a 17th straight month, as persistent price hikes continued to outpace salaries.
BUSINESS
Oct 6, 2023
Japan's slower-than-forecast wage growth supports BOJ caution
Nominal cash earnings for workers rose 1.1% from the previous year, matching the revised figure from the previous month.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 27, 2023
BOJ raised yield cap due to market calm and likely wage growth
The minutes of the July meeting pointed to growing confidence among some BOJ members about the prospect of wage growth.
Members of the United Auto Workers pickett outside of the Michigan Parts Assembly Plant in Wayne, Michigan, on Tuesday.
BUSINESS / Companies
Sep 27, 2023
Japanese automakers stand to gain from Detroit’s labor strike
Many firms receive a large percentage of their overall revenue from U.S. markets, so the labor action there may give a tailwind to Japanese carmakers.
Prime Minister Fumio Kishida in New York on Wednesday
BUSINESS / Economy
Sep 25, 2023
Kishida outlines new economic measures for 'sustainable wage growth'
Some of the measures are intended to raise earnings by easing workers’ concerns about so-called annual income barriers.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on