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July 27, 2024
 

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WAGES

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.
The new invoice system, which goes into effect Oct. 1, is forcing many freelancers in Japan to choose between raising their prices or suffer a 10% loss in revenue.
COMMUNITY / How-tos
Sep 25, 2023
Freelancers aren’t happy with Japan’s new invoice system
For many freelancers and small businesses, the result will amount to a 10% increase in taxes.
High-paid and low-income workers are more likely to take up second jobs, albeit for different reasons, a government study has shown.
JAPAN / Society
Sep 24, 2023
Higher-paid and low-wage workers more likely to work second jobs
A survey suggested that middle-income employees are less interested in pursuing side jobs due to long work hours.
Bank of Japan Gov. Kazuo Ueda during a news conference at the central bank's headquarters in Tokyo on Friday
BUSINESS / Economy
Sep 22, 2023
BOJ maintains its dovish monetary easing amid policy speculation
Comments by Gov. Kazuo Ueda in an interview earlier this month had sparked speculation that the BOJ might move to change policy at an earlier date.
Prime Minister Fumio Kishida speaks during a news conference last Wednesday following a Cabinet reshuffle.
BUSINESS / Economy
Sep 20, 2023
Kishida may reveal priority areas for economic package next week
The size of an envisaged fiscal 2023 state supplementary budget to finance the economic measures will be a major focus, informed sources said.
A United Auto Workers (UAW) union member holds a sign to mark the beginning of contract negotiations in Sterling Heights, Michigan, in July.
BUSINESS / Economy
Sep 17, 2023
U.S. auto talks at 'critical phase' as political pressure grows
Workers at all Big Three automakers are coordinating for the first time, with demands such as a 40% pay increase over a four-year contract.
Private-sector surveys point to severe labor shortages in Japan for decades to come, with one estimating a shortfall of over 11 million workers by 2040. The nation had around 67 million workers as of July.
BUSINESS / Economy / ANALYSIS
Sep 16, 2023
Japan labor market set for change as huge worker shortage looms
Japan may be at an inflection point as the nation braces for a shortfall of millions of workers, the rise of generative AI and risks to economic security.
Former Spanish football federation chief Luis Rubiales' forced kiss on player Jenni Hermoso drew global protests from women's rights advocates.
SOCCER
Sep 12, 2023
Luis Rubiales quits, but women’s soccer in Spain is still troubled
Even after the federation chief's resignation over his forcible kiss of a player, pay disputes are threatening to disrupt domestic leagues.
Prime Minister Fumio Kishida speaks at a government meeting on his concept of "new capitalism" in Tokyo on Aug. 31.
BUSINESS / Economy
Sep 11, 2023
Economists question the wisdom of Kishida's new minimum wage target
Japan aims to lift the minimum wage to ¥1,500 by the mid-2030s, but macroeconomic factors could undermine that target.
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.

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