Tag - wages

 
 

WAGES

The Central Social Insurance Medical Council has adopted a proposal to increase outpatient fees in order to boost the salaries of health care workers.
JAPAN
Feb 15, 2024
Japan to raise outpatient visit fees to increase workers' pay
In order to increase pay for young doctors, nursing staff and pharmacists, basic hospitalization fees and outpatient fees will be raised.
Labor unions at Toyota and other carmakers are seeking record pay increases in this year's spring wage negotiations.
BUSINESS / Companies
Feb 15, 2024
Major auto firm unions request record pay hikes ahead of annual talks
Whether major automakers fully accept unions' demands for a second consecutive year is set to be in focus after the prime minister called for wage hikes.
A slew of listed Japanese firms have logged solid earnings for the nine months ended in December including Toyota, which posted operating and net profits that reached the highest levels on record for a Japanese company.
BUSINESS / Companies
Feb 11, 2024
Major Japanese firms post higher earnings in April-December period
Of 786 component firms of the broad Topix index that had announced their April-December results as of Wednesday, 455 companies reported higher net profits.
BUSINESS / Economy
Feb 9, 2024
Japanese firms boosting pay for young workers is good news for Bank of Japan
If wage gain momentum carries over into this year, the BOJ is expected to end the world’s last negative interest rate regime by April.
Japan’s shortage of software engineers in particular has caused the country to lag behind in its digital transformation.
BUSINESS / Tech
Feb 6, 2024
Tech firms in Japan are scouring for talent amid labor shortage
Three-quarters of technology hiring managers in Japan found recruitment to be "very” or "quite” competitive last year.
Nominal cash earnings among workers in Japan rose 1.0% in December from the previous year, government data shows.
BUSINESS / Economy
Feb 6, 2024
Japan’s wage data likely solid enough to keep BOJ policy shift on track
Nominal cash earnings rose 1.0% in December from the previous year with the help of a 0.5% gain in winter bonuses.
Akihiko Matsuura, head of UA Zensen, has called for a standard 6% increase in total wages.
BUSINESS / Companies
Feb 2, 2024
Major union UA Zensen calls for 6% pay raise to support BOJ policy shift
Prime Minister Fumio Kishida is also pushing for wage gains after hikes last year failed to keep up with inflation, putting a burden on household budgets.
Workers assemble vehicles at Toyota's Tsutsumi plant in Toyota, Aichi Prefecture.
BUSINESS / Companies
Jan 30, 2024
Toyota union eyes extra month's bonus in annual negotiations
Wage increases by Toyota and other carmakers will be seen as a bellwether for the rest of Japan's manufacturing sector and economy.
The unemployment rate fell to 2.4% in December, government data shows.
BUSINESS / Economy
Jan 30, 2024
Japan job market remains tight, keeping hopes for wage hikes
The Bank of Japan is watching the labor market closely as it seeks evidence of a virtuous cycle linking rising wages with demand-led price gains.
BUSINESS / Companies
Jan 29, 2024
Pay hikes at small firms in focus at Japan’s spring wage negotiations
The decisions of such companies will play a big role in determining whether Japan can achieve a healthy wage-price cycle.
Toyota's main Tokyo office on Wednesday
BUSINESS / Companies
Jan 26, 2024
Toyota union to demand record 2024 bonuses: report
With Toyota saying it expects to post record consolidated operating profits this financial year, the union is also likely to demand high pay hikes.
BUSINESS
Jan 24, 2024
Japanese firms and unions kick off wage talks as markets bet on bigger pay hikes
Japan's big firms are expected to offer their unions wage hikes of 3.85% on average this year, the highest wage increase in 31 years.
BUSINESS / Economy
Jan 23, 2024
With meetings, Japan leader amplifies call for wage hikes at small firms
Dissatisfaction over falling real wages has been one of the factors undermining the prime minister's support rate, which remained under 30% in a series of recent polls.
At stake in this year's spring negotiations between trade unions and large Japanese firms, analysts say, is whether wages will rise far enough to ignite the sustainable inflation that policymakers consider a prerequisite for ending negative interest rates.
BUSINESS
Jan 16, 2024
Japan's top business lobby calls for worker pay raises above inflation
The call sets the tone for annual wage talks that may pave the way for the Bank of Japan to exit its ultraeasy monetary policy.
Stronger annual wage negotiation results are likely to pave the way for the Bank of Japan to end its negative interest rate by this spring, a former BOJ official says.
BUSINESS / Economy
Jan 16, 2024
Wage gains of 4% would pave way for BOJ rate hike, ex-official says
Market participants are monitoring annual wage talks closely as they may be a decisive factor in prompting Japan's central bank to end the world’s last negative rate.
Eleven of 21 sectors surveyed saw increases in winter bonus payments at major Japanese firms.
BUSINESS / Economy
Jan 13, 2024
Winter bonuses at major Japan firms see modest rise
The average increased for the second year in a row, though at a slower pace than the 7.77% growth marked in winter 2022.
BUSINESS
Jan 10, 2024
Japan’s slower wage growth adds to reasons for BOJ to hold
Nominal cash earnings for workers rose 0.2% from the previous year, decelerating sharply from a 1.5% increase in October, the labor ministry said.
BUSINESS / Economy
Jan 6, 2024
Kishida and Rengo chief amplify push for strong wage growth
Wage gains feeding into demand-led price gains are a condition for any move to normalize monetary policy.
JAPAN / Politics
Dec 27, 2023
Chief Cabinet Secretary Yoshimasa Hayashi vows to tackle distrust
Hayashi, who took office after his predecessor quit over a funding scandal, says revising the relevant law is related to freedom of political activity.
An electronic board displays various companies' share prices at a business district in Tokyo in October.
BUSINESS / Economy
Dec 26, 2023
Japan’s labor demand holds steady in positive sign for wages
The job-to-applicants ratio eased a tad to 1.28, meaning there were 128 jobs offered for every 100 applicants, the labor ministry reported.

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