"Before the end of fiscal 2015, it may be necessary to shift the wages of all Japanese university teachers in engineering and natural sciences and life sciences — fields which are competitive internationally — to an annual salary system while abolishing a compulsory retirement system at a fixed age and to cover parts of their wages with funds obtained from outside sources like business enterprises as much as possible."
This is a recommendations contained in a material distributed on Sept. 18 when the government's industrial competitiveness council held the first meeting of its panel on employment and human resources.
In the United States, salaries are usually determined on an annual basis in all sectors. In stark contrast, professional sports are the only area in Japan where remunerations are fully fixed on an annual basis.