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April 28, 2024
 

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WAGES

Japanese companies are increasingly introducing performance-linked stock compensation for their CEOs, boosting what’s been the lowest level of top executive pay among major advanced economies.
BUSINESS / Companies
Aug 17, 2023
More Japan firms link CEO remuneration to long-term performance
Japanese firms have historically relied more on fixed remuneration not linked to business performance.
The image of schools as exploitive workplaces where labor regulations are habitually flouted is seen as the biggest factor putting off job applicants for teaching positions.
JAPAN / Society
Aug 14, 2023
Japan panel weighs raising overtime pay for teachers
The government is set to discuss an increase in overtime pay for teachers in a bid to compensate them for long working hours and attract new applicants.
People board a shinkansen at Tokyo Station on Friday
BUSINESS / Economy
Aug 11, 2023
Holidaymakers to boost spending as Japan growth at tipping point
It is a mixed bag for Japan as everyday goods have become much pricier, but pent-up demand has aided private consumption.
Australia's Matildas have led the way in urging FIFA to provide equal compensation to men's and women's teams competing at World Cups.
SOCCER / Women's World cup
Aug 9, 2023
Unions gain momentum as World Cup women push for pay parity
Though the disparity is still great, women's soccer players have won better deals that have changed the playing field in recent years.
Nominal cash earnings for workers in June rose 2.3% from the previous year, decelerating from a revised 2.9% clip in the previous month.
BUSINESS / Economy
Aug 8, 2023
Wage growth slowed in June, boosting case for BOJ to hold firm
The unexpected slowdown suggests the labor market may be losing some steam, and clouds prospects for the Bank of Japan’s sustainable inflation goal.
Yuko Kawamoto, president of the National Personnel Authority, hands a proposal to Prime Minister Fumio Kishida at the prime minister's official residence in Tokyo on Monday.
BUSINESS
Aug 7, 2023
Agency backs largest pay rise for Japan's civil servants in 26 years
It has been suggested the monthly salaries of general civil servants be raised by an average 0.96%, a big increase from the 0.23% in fiscal 2022.
Commuters in Tokyo in March. Japanese women are paid on average around 67% the salaries of men, according to a report based on around 2,000 firms’ financial statements, compiled by advisory firm Willis Towers Watson and others this month.
BUSINESS
Jul 29, 2023
Investors see need for more gender pay data in Japan
Some firms have disclosed pay gaps according to different job levels, but most are revealing the minimum amount of information necessary.
Members of a labor ministry panel on wages meet in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023
Japan’s average minimum wage set to top ¥1,000
With the government eager to create a healthy cycle of pay and price increases, the minimum wage panel suggested a record 4.3% hike from the current average of ¥961.
Rengo members cheer during their annual May Day rally to demand higher pay and better working conditions, in Tokyo on April 29.
BUSINESS
Jul 21, 2023
Japanese unions urge employers to continue wage hikes next year and beyond
Rengo made the demand as it reviewed the results of its annual spring wage talks that concluded earlier this month, which saw major companies agree to the largest raises in 30 years.
Haruhiko Aoyama (left), one of the plaintiffs of a lawsuit over significant base pay cuts after reaching the retirement age and being reemployed, speaks to reporters in Tokyo Thursday following a ruling by the Supreme Court.
JAPAN
Jul 21, 2023
Japan top court sends back reemployment pay case
In the lawsuit, the male plaintiffs have demanded that their employer pay the difference between what they were paid before and after the retirement age.
Some economists hope the labor ministry panel will make an annual average minimum wage proposal of above ¥1,000 this week.
BUSINESS / Economy
Jul 23, 2023
The average minimum wage may top ¥1,000 this year. But is that enough?
Aside from the symbolic hurdle, a more substantial issue remains: Will momentum for wage hikes from this spring continue or will it be short-lived?
Japan Times
BUSINESS
Jul 10, 2023
BOJ highlights broadening wage and price hikes in report on regional Japan
In a quarterly report, the central bank also said some firms were considering raising the prices of their goods and services to guard against the prospect of rising labor costs.
Japan Times
BUSINESS
Jul 7, 2023
Bank of Japan deputy chief doesn't anticipate rate hikes in near future
The deputy also said 'rapid and one-sided' yen weakening is not desirable and the BOJ will coordinate closely with the government, adding to recent warnings by Japanese authorities.
Japan Times
BUSINESS
Jul 7, 2023
Japan's wage growth doubles estimates, feeding BOJ speculation
Nominal cash earnings for Japan’s workers rose 2.5% in May from the previous year, the labor ministry reported Friday.
Japan Times
BUSINESS
Jul 5, 2023
Japanese firms offer biggest pay hikes in 30 years as wage growth broadens
A total of 5,272 unions affiliated with Rengo showed an average pay hike of 3.58%, or ¥10,560 per month, the biggest increase since the 3.9% seen in 1993.
Japan Times
BUSINESS
Jun 30, 2023
Top auto executives in Japan are paid a lot, but not as much as their U.S. counterparts
Japan boasts some of the world’s biggest carmakers, but pay packages for their executives pale in comparison to industry leaders in the United States.
Japan Times
BUSINESS
Jun 28, 2023
Japan's mega-bank CEOs paid less than global peers despite near-record profits
Japanese companies have traditionally seen compensation as a reward for rising successfully through the ranks, while paychecks elsewhere tend to reflect performance.
Japan Times
BUSINESS / Economy
Jun 13, 2023
Japan seeks local tourism shake-up as demand exposes staff shortages
Tourism data shows foreigner hotel stays in April exceeded 10 million nights for the first time since January 2020.
Japan Times
BUSINESS
Jun 12, 2023
BOJ’s Ueda likely to hold with bond market on his side for now
Gov. Kazuo Ueda has repeatedly signaled his intention to take time before making any major changes to the central bank’s stimulus.
Japan Times
BUSINESS / Economy
Jun 8, 2023
Japan to focus on keeping wage hike momentum and ending crisis-mode spending
For Japan to keep its wage hike momentum, the economic and fiscal policy blueprint stresses the importance of pursuing three trends in the labor market.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Air China to buy 100 locally made C919 jets in $11 billion deal
A Comac C919 during an aerial display at the Singapore Airshow at Changi Exhibition Centre in Singapore in February
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Tokyo's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Top U.S. and China diplomats talk tough amid warnings of new ‘downward spiral’
U.S. Secretary of State Antony Blinken and China's Foreign Minister Wang Yi at the Diaoyutai State Guesthouse in Beijing on Friday
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.

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