Pay hikes at major Japanese firms average 2.54 percent: Keidanren
Jiji -- Apr 26
Major Japanese companies have agreed to raise monthly employee pay by 8,621 yen, or 2.54 pct, on average so far during this year's "shunto" spring labor-management negotiations, the Japan Business Federation, or Keidanren, said Wednesday.

The result of the federation's initial survey for the year represented the biggest increase for such a survey since 8,800 yen in 1994. The percentage growth is close to 2.59 pct in 2015, topping 2.19 pct in 2016 and 2.18 pct in 2017.

This is the fifth consecutive year that the government has asked companies to raise wages in labor-management negotiations.

Based on Prime Minister Shinzo Abe's call for raising wages by at least 3 pct, Keidanren has asked its member companies to reach the requested level.

The initial survey, based on answers from 68 companies, showed that the average hike came to 15,445 yen, or 2.92 pct, among construction companies, 9,866 yen, or 2.91 pct, among automakers, and 8,814 yen, or 2.27 pct, among wholesalers and retailers, including department stores and supermarkets.

News source: Jiji
Dec 12
As the global shortage of skilled information technology experts hits Japan hard, companies are scrambling to lure and keep top talent with hefty annual pay packages. (Nikkei)
Dec 11
Winter bonuses at Japanese companies averaged an all-time high of 834,391 yen ($7,400) this year, according to a Nikkei survey released Monday, notching a sixth straight year of growth on strong corporate earnings. (Nikkei)
Nov 29
Japan's gross domestic product could fall by over 25% in the next 40 years as its population declines, the International Monetary Fund said Wednesday, urging the government to boost productivity through structural reform to mitigate the damage. (Nikkei)
Nov 23
Japan plans to give a 5 percent reward-point rebate to consumers on some payments made through credit cards and other cashless means as a way of underpinning domestic demand after a planned tax increase next October, government officials said Thursday. (Japan Today)
Nov 15
Between 260,000 and 340,000 foreign workers are estimated to flow into Japan in the five years from next April through an envisioned immigration control law revision aimed at dealing with the country's serious labor crunch, government sources said Tuesday. (Japan Today)
Nov 15
Japan's economy contracted for the first time in 2 quarters. Government officials say a string of natural disasters in the period dented exports and consumer spending. (NHK)
Nov 14
For the first time in almost three decades the Salt Industry Center of Japan has announced it will raise the price on many of its products by around 15 percent, indicating inflation has finally arrived in at least some industries. (Japan Times)
Nov 10
On Oct. 15, Prime Minister Shinzo Abe confirmed during an extraordinary Cabinet meeting that the government would raise the consumption tax from 8 to 10 percent next Oct. 1. (Japan Times)
Nov 05
Japan's government-affiliated financial institution says the 4 major natural disasters that hit the country this year are expected to have a negative impact on the country's economy of more than 10 billion dollars. (NHK)
Nov 04
Missing: A tiny island off Hokkaido. Or so authorities fear, prompting plans for a survey to determine if the outcrop has been washed away, ever so slightly shrinking the country’s territorial waters. (Japan Times)