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November 22, 2024
 

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WAGES

The price for regular gasoline is ¥192 per liter at a gas station in the city of Nagano on Monday.
BUSINESS / Economy / ANALYSIS
Sep 1, 2023
Extended gasoline subsidy risks harming Japan's net-zero efforts
The politically tricky decision on ending the program could hamper the shift to EVs and efforts to reach climate change goals.
Over the last decade, the attention given to falling income and wealth inequality has been tiny, creating a view of the issue that may be seriously out of date.
COMMENTARY / World
Aug 29, 2023
We should concentrate on fighting poverty, not income inequality
Wealth inequality has recently gone down in the U.S. and the West, and the decline has been going on for the better part of the last decade.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Aug 25, 2023
Financial expert warns against delay in BOJ policy shift
Izuru Kato predicted that the BOJ will likely raise its short-term policy rate from below zero in "January or April next year."
Spain players celebrate with the trophy after winning the World Cup in Sydney on Sunday.
SOCCER / Women's World cup
Aug 22, 2023
Success of Women's World Cup can't hide financial gap with men
The 2023 World Cup buoyed hopes that the women's game can start to bridge the yawning financial gap.
Spanish midfielder Alexia Putellas (left) battles for the ball against English forward Lauren James during in the final of the 2023 FIFA Women's World Cup in Sydney on Sunday. Spain won the match 1-0.
COMMENTARY / World
Aug 22, 2023
FIFA boss should read the pitch on women’s pay
More than 2 billion people are expected to have tuned in. About 2 million attended matches in person. Both records. The FIFA Women’s World Cup generated more than $570 million to break even.
Members of the Japanese Trade Union Confederation, commonly known as Rengo, raise their fists as they cheer during their annual May Day rally to demand higher pay and better working conditions, in Tokyo, in April.
BUSINESS / Economy
Aug 19, 2023
Japan eyes expanding tax breaks for firms raising wages
The industry ministry will include plans to expand the program in its tax system reform proposal for fiscal 2024, which starts next April.
A meeting is held in Tokyo on July 28 to decide on the recommended minimum wages.
BUSINESS
Aug 18, 2023
Some minimum wage hikes in Japan to top government recommendation
The new minimum wages for fiscal 2023, which began in April, will take effect in stages beginning Oct. 1.
More investors in the Tokyo stock market are beginning to see higher pay as a useful barometer of a company’s strength.
BUSINESS / Markets
Aug 18, 2023
Stock pickers cheer for wage hikes in post-deflationary Japan
A group of companies that raised wages higher than many of their peers has outperformed the Topix index by 5 percentage points so far this quarter.
Japanese companies are increasingly introducing performance-linked stock compensation for their CEOs, boosting what’s been the lowest level of top executive pay among major advanced economies.
BUSINESS / Companies
Aug 17, 2023
More Japan firms link CEO remuneration to long-term performance
Japanese firms have historically relied more on fixed remuneration not linked to business performance.
The image of schools as exploitive workplaces where labor regulations are habitually flouted is seen as the biggest factor putting off job applicants for teaching positions.
JAPAN / Society
Aug 14, 2023
Japan panel weighs raising overtime pay for teachers
The government is set to discuss an increase in overtime pay for teachers in a bid to compensate them for long working hours and attract new applicants.
Australia's Matildas have led the way in urging FIFA to provide equal compensation to men's and women's teams competing at World Cups.
SOCCER / Women's World cup
Aug 9, 2023
Unions gain momentum as World Cup women push for pay parity
Though the disparity is still great, women's soccer players have won better deals that have changed the playing field in recent years.
Nominal cash earnings for workers in June rose 2.3% from the previous year, decelerating from a revised 2.9% clip in the previous month.
BUSINESS / Economy
Aug 8, 2023
Wage growth slowed in June, boosting case for BOJ to hold firm
The unexpected slowdown suggests the labor market may be losing some steam, and clouds prospects for the Bank of Japan’s sustainable inflation goal.
Commuters in Tokyo in March. Japanese women are paid on average around 67% the salaries of men, according to a report based on around 2,000 firms’ financial statements, compiled by advisory firm Willis Towers Watson and others this month.
BUSINESS
Jul 29, 2023
Investors see need for more gender pay data in Japan
Some firms have disclosed pay gaps according to different job levels, but most are revealing the minimum amount of information necessary.
Members of a labor ministry panel on wages meet in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023
Japan’s average minimum wage set to top ¥1,000
With the government eager to create a healthy cycle of pay and price increases, the minimum wage panel suggested a record 4.3% hike from the current average of ¥961.
Some economists hope the labor ministry panel will make an annual average minimum wage proposal of above ¥1,000 this week.
BUSINESS / Economy
Jul 23, 2023
The average minimum wage may top ¥1,000 this year. But is that enough?
Aside from the symbolic hurdle, a more substantial issue remains: Will momentum for wage hikes from this spring continue or will it be short-lived?
Rengo members cheer during their annual May Day rally to demand higher pay and better working conditions, in Tokyo on April 29.
BUSINESS
Jul 21, 2023
Japanese unions urge employers to continue wage hikes next year and beyond
Rengo made the demand as it reviewed the results of its annual spring wage talks that concluded earlier this month, which saw major companies agree to the largest raises in 30 years.
Haruhiko Aoyama (left), one of the plaintiffs of a lawsuit over significant base pay cuts after reaching the retirement age and being reemployed, speaks to reporters in Tokyo Thursday following a ruling by the Supreme Court.
JAPAN
Jul 21, 2023
Japan top court sends back reemployment pay case
In the lawsuit, the male plaintiffs have demanded that their employer pay the difference between what they were paid before and after the retirement age.
Japan Times
BUSINESS
Jul 10, 2023
BOJ highlights broadening wage and price hikes in report on regional Japan
In a quarterly report, the central bank also said some firms were considering raising the prices of their goods and services to guard against the prospect of rising labor costs.
Japan Times
BUSINESS
Jul 7, 2023
Japan's wage growth doubles estimates, feeding BOJ speculation
Nominal cash earnings for Japan’s workers rose 2.5% in May from the previous year, the labor ministry reported Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
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