Tag - wages

 
 

WAGES

According to a tally released on Thursday, some 1,416 labor unions under the umbrella of the Japan Council of Metalworkers’ Union requested a monthly base salary gain of ¥14,149 ($94.84) on average in talks expected to culminate with a deal next month.
BUSINESS / Companies
Feb 27, 2025
Japan's metalworker unions demand record pay hike
The demand by Japan Council of Metalworkers’ Union is an early sign of continued momentum for pay growth in the country.
Some 61.9% of over 11,000 surveyed companies intend to pledge pay increases as part of annual wage negotiations culminating in March, according to a survey by Teikoku Databank.
BUSINESS / Companies
Feb 20, 2025
Record percentage of Japanese firms plan wage hikes, survey shows
Some 61.9% of over 11,000 surveyed companies intend to pledge pay increases as part of annual wage negotiations culminating in March.
This is the 12th straight year that labor unions of major electronics firms have demanded pay scale hikes.
BUSINESS
Feb 13, 2025
Japan electronics unions demand wage hike of ¥17,000
The focus is on whether employers will agree to raise pay significantly as in recent years to ensure that wages rise faster than prices.
Labor unions at major Japanese automakers submitted their wage hike requests on Wednesday, but it is uncertain whether the strong pay hike momentum seen in last year's labor-management talks can be maintained.
BUSINESS
Feb 12, 2025
Japanese auto unions submit wage hike demands
Negotiations are expected to intensify toward March 12, when many major companies will give their answers to their labor unions.
Motohisa Furukawa, acting head of the Democratic Party for the People, emphasizes the importance of winning the Upper House election scheduled for this summer.
JAPAN / Politics
Feb 11, 2025
In policy platform, Democratic Party for the People vows to boost take-home pay
The party aims to boost morale further in the run-up to this summer's House of Councilors poll following its spectacular performance in last year's general election.
Japanese household consumption in December grew at the fastest pace since August 2022, but it is uncertain whether the gains are sustainable, given wage growth in the month was largely supported by the temporary effect of bonuses.
BUSINESS / Economy
Feb 7, 2025
Japan’s household spending jumps the most since 2022 as wages rise
Outlays adjusted for inflation gained 2.7% in December from a year earlier, according to internal affairs ministry data.
Households continue to be squeezed as inflation outpaces pay increases.
BUSINESS / Economy
Feb 5, 2025
Real wages in Japan rise in December, but fall for third straight year
Inflation continued to outpace pay increases, which have been generous on a nominal basis in recent years.
Japanese workers are increasingly job-hopping from one full-time position to another.
BUSINESS / Economy
Feb 3, 2025
Job-hopping Japanese workers push salaries higher
Job mobility in Japan has traditionally been low due to lifetime employment arrangements and strong labor laws.
Spring negotiations in 2024 resulted in salaries rising by over 5% on a whole, but hikes at small and midsized companies, which account for some 70% of Japan's employment, were far lower than the average.
BUSINESS
Jan 31, 2025
Japan's spring wage talks begin with labor-management forum
Rengo, the umbrella organization for labor unions, is seeking an overall wage hike of at least 5%.
Many workers at small companies continue to fall behind as wages fail to keep up with inflation.
BUSINESS / Economy
Jan 29, 2025
Smaller Japanese companies unlikely to meet wage-increase target for 2025
For this year’s spring negotiations, the Japanese Trade Union Confederation set hike targets of more than 6% for smaller firms.
"We will demand more than in the previous year to fulfill our role as a leading industry in Japan," Masashi Jinbo, head of the union, said in a news conference in Tokyo's Chiyoda Ward on Thursday.
BUSINESS / Companies
Jan 23, 2025
Japan's electronics unions to seek ¥17,000 pay hike
"We will demand more than in the previous year to fulfill our role as a leading industry in Japan," union group head Masashi Jinbo told a news conference.
Masakazu Tokura (second from left), head of Keidanren, holds talks with Rengo leader Tomoko Yoshino (second from right) in Tokyo on Wednesday.
BUSINESS / Economy
Jan 22, 2025
Japan business lobby cites positive price trend ahead of BOJ decision
Keidanren head Tokura’s comments create a positive backdrop for the BOJ as its board prepares to deliver its policy decision on Friday.
Tetsuji Ohashi, chairman of the Special Committee on Management and Labor Policy, holds a news conference after announcing the guidelines for 2025 spring wage negotiations.
BUSINESS / Companies
Jan 21, 2025
Keidanren urges member companies to consider pay scale hikes
Keidanren vowed to make every effort for the continuation of wage increases to cope with rising prices.
Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
BUSINESS / Economy
Jan 21, 2025
BOJ likely to raise rates this week in absence of immediate Trump tariffs
The possibility is "quite high" if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
Amid severe labor shortages, the Japan Federation of Service and Tourism Industries Workers' Unions will emphasize the importance of improving working conditions to realize a medium-term annual salary target of ¥5.5 million for industry workers age 35.
BUSINESS / Companies
Jan 21, 2025
Service and tourism workers to seek 6% pay hike in wage talks
The Japan Federation of Service and Tourism Industries Workers' Unions hopes to secure a medium-term annual salary target of ¥5.5 million for industry workers age 35.
An employee at an auto parts maker in Ota, Gunma Prefecture. The automotive industries, which give fewer days off than other sectors do, are falling behind in the recruitment of new workers.
BUSINESS
Jan 19, 2025
Japan auto unions aiming to get five more days off in 2025
The number of nonworking days in the automotive industries has not increased in recent years and lags behind other sectors.
The average figure of winter bonuses agreed on by labor unions and employers stood 4.93% higher than a year earlier.
BUSINESS / Companies
Jan 17, 2025
Major Japanese firms pay record winter bonuses
The average went up year on year in 18 of 21 industry sectors.
Many of the economists noted the interest rate hike is likely unless Donald Trump jolts global financial markets, after he returns to the White House four days before the Bank of Japan’s policy decision.
BUSINESS / Economy
Jan 17, 2025
More than 70% of BOJ watchers expect a rate hike next week
BOJ Gov. Kazuo Ueda reinforced his deputy’s message this week that his board will consider a rate hike at the meeting, boosting the yen and expectations for action.
Bank of Japan Gov. Kazuo Ueda
BUSINESS / Economy
Jan 15, 2025
BOJ’s Ueda joins deputy chief in flagging chance of January hike
Following Ueda’s remarks, the yen strengthened as much as 0.4% to ¥157.34 against the dollar.

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Pedestrians commute through Shibuya Station in central Tokyo, an area that is almost never devoid of people.
As the rest of Japan shrinks, Tokyo grows