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August 15, 2024
 

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WAGES

COMMENTARY / World
Jan 24, 2015
U.S. wages lagging and no one knows why
The U.S. unemployment rate has dropped from a peak of 10 percent in October 2009 to 5.6 percent at the end of 2014. Yet, hourly wage gains haven't accelerated. Economists are baffled.
Japan Times
BUSINESS
Jan 22, 2015
Improved 'competitiveness' key to wage hikes, labor chief says
Restoring industrial competitiveness is the key to fueling wage gains that the Abe government and the central bank are counting on to ensure inflation takes hold, according to labor minister Yasuhisa Shiozaki.
Japan Times
BUSINESS / Markets
Jan 15, 2015
BOJ says minimum 1% gain in base wage needed for recovery: sources
Bank of Japan officials figure that average base wage gains of 1 percent are needed in the coming fiscal year to sustain the economy's emergence from two decades of stagnation, say sources familiar with central bank's discussions.
BUSINESS / Economy
Dec 18, 2014
Companies still hoarding cash despite pleas from Abe, Kuroda to spend
Two days after Prime Minister Shinzo Abe secured a pledge from Japan Inc. to do its best to boost wages to revive the world's third-biggest economy, data showed companies hoarding record amounts of cash.
Japan Times
JAPAN / Media / MEDIA MIX
Dec 13, 2014
Fight or flight: Narita's history of conflict
The recent increase in international flights in and out of Haneda Airport has clearly pleased Tokyo residents, who, since the late 1970s, have had to trek out to Narita International Airport in Chiba Prefecture when they wanted to go overseas.
BUSINESS / Economy
Nov 7, 2014
U.S. jobless claims, wages data point to tightening market
The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions.
BUSINESS / Economy
Aug 20, 2014
Skepticism over Abe's inflation goal grows as price gauge retreats
Traders are growing more skeptical Prime Minister Shinzo Abe will achieve his 2 percent inflation target after a sales tax increase derailed growth.
Japan Times
BUSINESS / Economy
Jul 31, 2014
June wages in Japan rose less than forecast in risk to spending
Wage growth slowed in June, highlighting the risk to consumer spending as inflation squeezes household budgets.
JAPAN / Society
Jul 11, 2014
Japanese firms near crisis point as labor shortage deepens
Japan's labour shortage is nearing crisis in some key industries as it spreads from construction to services, curbing companies' operations, pushing up wages and potentially crimping a tentative recovery in the world's third-largest economy.
Japan Times
BUSINESS / Companies
Mar 27, 2014
SMBC ups pay for first time in 19 years
Sumitomo Mitsui Financial Group Inc.'s lending unit has agreed to raise salaries for the first time in 19 years as an economic recovery spurs profit at Japan's second-largest bank by market value.
BUSINESS / Companies
Mar 4, 2014
Union cites 'big gap' with Toyota in wage negotiations
Toyota Motor Corp. and its workers' union are far apart over wages and bonuses, the labor group's chairman said Tuesday.
BUSINESS
Mar 4, 2014
Base salaries up for first time in 22 months in January
Salaries increased for the first time in nearly two years in January as companies boosted pay for part-timers, aiding Prime Minister Shinzo Abe's effort to end 15 years of deflation.
BUSINESS / JAPANESE PERSPECTIVES
Feb 22, 2014
Return of shunto is hollow triumph for unions
Shunto is in full swing. Or so it should be. Or so they say. Shunto is the Japanese word for the annual spring round of wage negotiations conducted between big business and trade unions. This "spring offensive" used to feature large in the annual economic calendar. As the deflationary 1990s and beyond...
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

Podcast

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