Tag - wages

 
 

WAGES

Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
BUSINESS / Economy
Jan 21, 2025
BOJ likely to raise rates this week in absence of immediate Trump tariffs
The possibility is "quite high" if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
Amid severe labor shortages, the Japan Federation of Service and Tourism Industries Workers' Unions will emphasize the importance of improving working conditions to realize a medium-term annual salary target of ¥5.5 million for industry workers age 35.
BUSINESS / Companies
Jan 21, 2025
Service and tourism workers to seek 6% pay hike in wage talks
The Japan Federation of Service and Tourism Industries Workers' Unions hopes to secure a medium-term annual salary target of ¥5.5 million for industry workers age 35.
An employee at an auto parts maker in Ota, Gunma Prefecture. The automotive industries, which give fewer days off than other sectors do, are falling behind in the recruitment of new workers.
BUSINESS
Jan 19, 2025
Japan auto unions aiming to get five more days off in 2025
The number of nonworking days in the automotive industries has not increased in recent years and lags behind other sectors.
The average figure of winter bonuses agreed on by labor unions and employers stood 4.93% higher than a year earlier.
BUSINESS / Companies
Jan 17, 2025
Major Japanese firms pay record winter bonuses
The average went up year on year in 18 of 21 industry sectors.
Many of the economists noted the interest rate hike is likely unless Donald Trump jolts global financial markets, after he returns to the White House four days before the Bank of Japan’s policy decision.
BUSINESS / Economy
Jan 17, 2025
More than 70% of BOJ watchers expect a rate hike next week
BOJ Gov. Kazuo Ueda reinforced his deputy’s message this week that his board will consider a rate hike at the meeting, boosting the yen and expectations for action.
Bank of Japan Gov. Kazuo Ueda
BUSINESS / Economy
Jan 15, 2025
BOJ’s Ueda joins deputy chief in flagging chance of January hike
Following Ueda’s remarks, the yen strengthened as much as 0.4% to ¥157.34 against the dollar.
Tokio Marine & Nichido Fire Insurance plans to raise its starting monthly salary for university graduates joining the nonlife insurer in April 2026 to as much as ¥410,000.
BUSINESS / Companies
Jan 12, 2025
Tokio Marine to raise starting pay to up to ¥410,000
The insurance firm aims to secure and retain human resources amid continuing labor shortages in Japan.
Consumer spending in Japan has been on a downtrend for months.
BUSINESS / Economy
Jan 10, 2025
Japan’s household spending falls, weighing on BOJ rate hike path
Outlays adjusted for inflation fell 0.4% in November from a year earlier, led by household durable goods and clothing.
Prices continue to outpace wage increases in Japan.
BUSINESS / Economy
Jan 9, 2025
Real wages fall for a fourth month, squeezing Japanese households further
Inflation-adjusted real wages dropped 0.3% from a year earlier in November as some food prices and utility rates increased.
Former Bank of Japan board member Makoto Sakurai sees the likelihood of a hike in March as high as 70%, as the central bank may be better off waiting out at least the first couple of months of the new administration of incoming U.S. President Donald Trump.
BUSINESS / Economy
Jan 9, 2025
Former BOJ board member sees rising chance of March rate hike
Makoto Sakurai says the central bank may wait out at least the first couple of months of the new administration of incoming U.S. President Donald Trump.
For store managers in their first or second year at Fast Retailing, the monthly salary is set to increase to ¥410,000 from the current ¥390,000.
BUSINESS
Jan 8, 2025
Fast Retailing to raise starting monthly salary to ¥330,000
The operator of the Uniqlo casual clothing stores said that it wants to attract talented university graduates in a bid to reinforce the company's global competitiveness.
Economy minister Yoji Muto during a meeting on Wednesday in Tokyo's Chiyoda Ward
BUSINESS / Economy
Jan 8, 2025
Economy minister calls for continued wage increases
"Now is the time to step on the accelerator on wages and investment in order to transition to a growth-oriented economy," said Yoji Muto.
With the continued wage and price hikes, the Japanese economy will likely grow steadily in fiscal 2025 that will start in April, according to some private think tanks.
BUSINESS / Economy / FOCUS
Jan 2, 2025
Economists see continued rise in Japan's wages and prices in fiscal '25
Uncertainty surrounding the impact of policies under U.S. President-elect Donald Trump are seen as a key risk factor.
Prime Minister Shigeru Ishiba speaks at the meeting of the Council on Economic and Fiscal Policy on Thursday at the Prime Minister's Office.
BUSINESS / Economy
Dec 26, 2024
Japan wage growth projected to outpace inflation in fiscal 2025
In fiscal 2025, nominal wages are projected to increase 2.8% from the previous year, while the overall consumer price index is forecast to rise 2.0%.
The government will raise adjustment allowances for public school teachers, paid instead of overtime, for the first time since the special measures law on salaries of public school teachers came into force in 1972.
JAPAN
Dec 25, 2024
Japan decides on 10% boost to teacher allowances
The hike, expected to start in January 2026, would be the first since the law came into force in 1972.
"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.
BUSINESS / Companies
Dec 24, 2024
Daiwa aims to raise wages at least 5% next year amid competition for talent
Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
Small businesses in Ino, a town in Kochi Prefecture known for its paper industry, show how a labor shortage is a growing threat to smaller companies that provide seven out of every 10 jobs in Japan.
BUSINESS / Economy
Dec 24, 2024
Small businesses with low wages struggle to tackle labor shortages
A worker shortage is threatening firms that are otherwise robust, including those that have invested in automation and creative hiring.
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
JAPAN / Society / FOCUS
Dec 22, 2024
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Personal debt is overwhelming an increasing number of Japanese as higher interest rates and the rising cost of living bite.
Self-Defense Force members march in formation at Camp Asaka, which straddles Tokyo and Saitama Prefecture, during a ceremony on Nov. 9.
JAPAN / Politics
Dec 21, 2024
Japan ready to improve working conditions for SDF members
Improving working conditions for the members "is a serious challenge" for his administration, Prime Minister Shigeru Ishiba told a meeting of relevant Cabinet ministers.
Nomura Holdings and other major brokerages in Japan are raising compensation and benefits for senior employees age 60 or over.
BUSINESS / Companies
Dec 19, 2024
At Japan's brokerages, skills shortage improves conditions for older staff
Employees age 60 and above are increasingly getting paid for performance and given heavier responsibilities in line with their experience.

Longform

Rock group The Yellow Monkey played K-Arena Yokohama in June as part of a nationwide tour. Concerts are increasingly popular in the age of social media as users value in-person experiences.
Inside Japan’s arena boom: Sports, sound and city-building