Business / Economy Jan 3, 2014

Only 17% of Japan's biggest firms plan to raise wages

Only 17 percent of major companies will raise wages in the business year that starts April 1, even though 71 percent expect the economy to expand in 2014, according to a Kyodo News survey. Of the 104 companies polled, 18 said they will authorize wage ...

Business Dec 3, 2013

Salaries extend slide as inflation takes root

Salaries extended the longest tumble since 2010, increasing pressure on household finances as inflation begins to take root. Regular wages excluding overtime and bonuses fell 0.4 percent in October from a year earlier, a 17th straight monthly decline, according to labor ministry data released Tuesday. ...

Keidanren to urge members to hike wages, Yonekura says

Business Oct 21, 2013

Keidanren to urge members to hike wages, Yonekura says

The head of Japan's most influential business lobby said Monday that he will urge member companies who are expecting business to improve to raise wages. Hiromasa Yonekura, chairman of Keidanren, also known as the Japan Business Federation, told a press conference that wage hikes could ...

Business Sep 27, 2013

LDP readies measures to cushion tax hike

by Ayako Mie

The ruling coalition on Friday agreed on certain parts of a ¥5 trillion stimulus package being readied to ease the impact of the planned sales tax hike, including handouts of up to ¥15,000 for lower income households. The package will be unveiled Tuesday, when Prime ...

Editorials Jul 19, 2013

Low wages hindering recovery

Wage realities suggest that Bank of Japan Gov. Haruhiko Kuroda's positive assessment of the economy serves as a political boon for the Abe Cabinet.

Salarymen's allowance falls to 1982 level

Business Jul 3, 2013

Salarymen's allowance falls to 1982 level

The average Japanese husband's monthly allowance slumped to the lowest level since 1982 at the start of the financial year as workers await the dividends promised by "Abenomics." Salarymen's spending money, typically set by wives managing family budgets, was ¥38,457, down 3 percent from last ...