News On Japan

Labor costs hit 16-year high as Japan pays workers more

Jul 06, 2018 (Nikkei) - 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.

These costs came to 13.38 trillion yen ($121 billion) in the January-March quarter, a level not seen since the same period of 2002, according to a Finance Ministry survey on companies with capital of at least 1 billion yen. The ministry used a moving average of the last four quarters to take into account seasonal fluctuations.The tally has risen 8.3% from a low in July-September 2013, and 6.6% over the past year.

Businesses have long curbed labor costs by employing many non-regular workers like part-timers, rather than regular workers with full benefits. But hourly wages for non-regular workers have increased due to labor shortages, pushing up expenses.

Part-time workers' hourly wages climbed 2.3% to 1,116 yen on average in fiscal 2017, according to the Ministry of Health, Labor and Welfare, topping the 1,100 yen level for the first time. Non-regular workers' compensation is improving more significantly than that of regular employees.

Labor costs for a broader pool of companies including smaller businesses reached 44.26 trillion yen in the January-March period -- back to the level last seen in October-December of 2008, immediately after the collapse of Lehman Brothers.

News On Japan
POPULAR NEWS

Tokyo's Shibuya district was crowded with costumed revelers on October 31 as Halloween fell on a Saturday for the first time in six years, prompting the Metropolitan Police Department to deploy hundreds of officers and impose traffic restrictions around the area's famous scramble crossing.

Toyota Motor will begin operating fully autonomous taxis in 2027 through a partnership with U.S. self-driving technology company Waymo, marking a major step in the Japanese automaker's efforts to expand driverless transportation services.

Mount Fuji has received its first snowcap of the season, the Japan Meteorological Agency announced on October 30, after temperatures at the summit plunged to minus 9.4 degrees Celsius, marking the arrival of winter conditions on Japan's highest mountain.

U.S. intelligence agencies suspect that a Chinese female intelligence operative developed a close relationship with Nvidia CEO Jensen Huang in an attempt to obtain confidential corporate and U.S. government information, according to a report published by The New York Times on October 29th.

The Japanese government has asked major telecommunications operators to forcibly block access to websites believed to contain personal information stolen in a cyberattack on GMO, it emerged on October 29th, as authorities moved to prevent further exposure of sensitive data online.

MEDIA CHANNELS
         

MORE Society NEWS

Japan's rapidly aging population is facing a growing crisis of elderly people dying alone at home, with grieving families sometimes unable to see their loved ones before burial and landlords increasingly forced to shoulder substantial cleanup and estate clearance costs when relatives abandon their inheritance.

Traditional Japanese crafts are finding an unexpected source of skilled workers in prisons across the country, where inmates are learning painstaking production techniques that build patience and concentration while helping preserve industries struggling with a shortage of craftspeople.

A Japanese woman in her 20s was found dead at an apartment complex in Cheonan, central South Korea, on October 29th, prompting police to detain a South Korean man in his 30s on suspicion of murder after he allegedly confessed to killing her because he had decided to commit suicide following stock market losses but could not bring himself to die alone.

Emperor Naruhito and Empress Masako hosted the annual autumn garden party at the Akasaka Imperial Gardens in Tokyo on October 29, welcoming approximately 1,400 guests, including actor Kotaro Yoshida and novelist Miyuki Miyabe, while female members of the Imperial Family attended in traditional Japanese attire.

A 59-year-old water sports rental shop owner in Omachi, Nagano Prefecture, has received a letter of appreciation from police after rescuing a paraglider who plunged into a lake on September 21, pulling the unconscious man from the water and performing CPR after discovering he was no longer breathing.

A married couple in Aira, Kagoshima Prefecture, have been arrested after police discovered cannabis plants growing in pots on the terrace of their home during a search connected to a separate investigation, authorities said on October 28th.

A woman in her 80s was killed after her car entered railway tracks on the Odakyu Enoshima Line in Fujisawa, Kanagawa Prefecture, shortly before 10:30 p.m. on October 27, with security camera footage showing the vehicle traveling along the tracks, passing an oncoming train and stopping with its hazard lights flashing before being struck from behind by another train.

A teenage male was rushed to a hospital after suffering an electric shock while putting away a motorized basketball hoop at a gymnasium in Kitakyushu, Fukuoka Prefecture, in an accident believed to have been caused by an incompatible extension cord, according to a report on October 27th.