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
Jul 14
More than three-quarters of Japanese women of prime age to start families are now in the workforce, signaling a break from the long-running trend of mothers quitting jobs to care for newborn babies. (Nikkei)
Jul 13
Japan's government is counting on foreign workers to ease the labor shortage in a range of industries. (NHK)
Jul 10
Japan expects a primary budget deficit of 2.4 trillion yen in fiscal 2025, even if the country's economy grows by 3 pct or higher annually in nominal terms without adjustment with prices, a Cabinet Office estimate showed Monday. (Jiji)
Jul 06
The latest forecast from Japan's government sees GDP growing by about 1.5 percent in fiscal 2019. Officials expect the current recovery to continue even after the planned consumption tax hike to 10 percent in October 2019. (NHK)
Jul 06
Personnel expenses at Japan's large corporations have grown to their highest level in 16 years as a deepening shortage of workers has forced them to increase pay for part-timers. (Nikkei)
Jul 03
Areas popular with foreign tourists in Japan, such as Tokyo, Kyoto and Okinawa Prefecture, have enjoyed strong growth in land prices year on year, a government report showed Monday. (Jiji)
Jul 03
Demand for new offices pulled up land values in Japan's largest cities, but the country is witnessing polarizing demand as rural areas that lack tourist attractions are left behind. (Nikkei)
Jun 30
Japan's unemployment rate fell to the lowest level in more than 25 years in May in the latest sign of a strengthening economy, government data showed Friday, but rising job availability underscored the shortage of workers amid a shrinking population. (Japan Today)
Jun 30
The Diet, Japan's parliament, enacted on Friday a work style reform bill that Prime Minister Shinzo Abe regards as the most important legislation in its ongoing session. (Jiji)
Jun 30
Trading volume on the Tokyo Stock Exchange has slumped to the lowest level in 14 years, while Shanghai shares have fallen six weeks in a row, underscoring investor concern over U.S.-China tariff tensions. (Nikkei)