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November 22, 2024
 

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WAGES

A user receives ¥50,000 of their salary through the PayPay app.
JAPAN
Sep 25, 2024
SoftBank makes first salary payments via its digital platform PayPay
Employees asking to receive part of their salaries via cashless payment services received the money through the PayPay platform, operated by a SoftBank Group affiliate.
Union members react as Aerospace Machinists District 751 President Jon Holden (out of frame) announces that union members rejected a proposed Boeing contract and will go on strike, following voting results at their union hall in Seattle, Washington, on Thursday.
BUSINESS / Companies
Sep 13, 2024
Boeing workers going on strike after 96% vote for walkout
The Boeing workers' last strike in 2008 shuttered plants for 52 days and hit revenue by an estimated $100 million per day.
Labor market reform will likely be a hot economic debate topic in the Liberal Democratic Party presidential election, the campaign of which kicked off on Thursday.
BUSINESS / Economy
Sep 12, 2024
Labor market reform becoming hot topic in LDP leadership race
Candidates differ in how they intend to tackle labor market issues, especially on whether to give firms more flexibility in the dismissing of workers.
The Bank of Japan headquarters in Tokyo. The BOJ was seen as having contributed to the global market meltdown in early August after its 0.25% hike.
BUSINESS / Economy
Sep 6, 2024
BOJ’s hiking pace may be faster than expected, ex-official says
While almost no economists expect the BOJ to adjust its benchmark rate on Sept. 20, many BOJ watchers expect another rate hike by January.
Real cash earnings for workers in Japan climbed 0.4% in July from a year earlier.
BUSINESS / Economy
Sep 5, 2024
Japan real wages unexpectedly rise, keeping BOJ on hike path
Real cash earnings for workers climbed 0.4% in July from a year earlier, the labor ministry has reported.
Japanese workers in their 40s and 50s — known as the "lost generation" — saw their wages rise slightly in the second quarter.
BUSINESS / Economy
Aug 29, 2024
Japan’s 'lost generation' gets a raise, and the economy, a small boost
The pay bump in the second quarter is vitally important to the economy, as consumption by Japanese workers in their 40s and 50s is an important driver of growth.
The government made it mandatory for companies to disclose their gender pay gap in 2022, but disclosure alone isn’t enough to improve the situation, data suggests.
BUSINESS / Companies
Aug 29, 2024
Disclosure rules fail to narrow Japan’s yawning gender pay gap
There has been little progress toward equality, with the highest-paying firms showing some of the biggest disparities.
Japan is facing a pilot shortage, but hiring foreign pilots is not easy due to opposition from unions. Japanese carriers also typically pay less than airlines elsewhere.
BUSINESS / Companies
Aug 28, 2024
Pilot shortage threatens Japan’s goal for 60 million tourists
Falling short may mean missing out on lucrative tourism money as carriers simply can’t find the crew to fly the necessary number of planes.
Mizuho Financial Group changed its personnel system in July to "role-based pay" that makes salary increases possible regardless of age or number of years in the company.
BUSINESS / Companies
Aug 21, 2024
Japan banks moving away from seniority-based personnel system
Major banks are attaching more importance to employees' roles as banking operations have diversified.
Japan’s civil servants will likely see the biggest salary increases in over three decades in the current fiscal year.
BUSINESS / Economy
Aug 8, 2024
Japan’s public servants may see biggest pay hike in 32 years
The Finance Ministry estimates that implementing these recommendations could increase the financial burden of sustain services by roughly ¥382 billion ($2.6 billion).
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
BUSINESS / Economy
Jul 25, 2024
Japan’s minimum wage set for record ¥50 hike in major boost
While the sharp increase will be a big boost for workers, smaller firms already struggling financially will be put under further stress.
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
BUSINESS / Economy
Jul 24, 2024
Yen rally could help end crushing wage decay in Japan
The Japan Research Institute anticipates real wage growth turning positive in the July-September quarter assuming ¥155 to the dollar.
More Japanese firms have gone bankrupt in the first half of this year due to soaring costs, labor shortages and the end of pandemic-related support.
BUSINESS / Economy
Jul 18, 2024
Triple whammy takes Japan bankruptcies to decade high
Soaring costs, labor shortages and the end of pandemic-related financial support are taking a heavy toll on smaller businesses.
Unionists hold a rally in Tokyo in April. Households' real cash earnings have been falling year on year for more than two years, with the weakening of the yen making the situation only more difficult as prices of imported goods increase rapidly.
BUSINESS / Economy
Jul 17, 2024
Japan’s minimum wage might not budge much if corporate fears prevail
While households desperately need a big raise, smaller businesses might not be in a position to handle an increase as they struggle with the weak yen.
The number of teachers in their 20s on leave due to mental conditions has risen, highlighting the need to reduce burdens on young teachers.
JAPAN / Society
Jul 17, 2024
Japan to boost support for young teachers to secure staff
The package addresses concerns about a decline in interest in teaching jobs among young people and aims to reduce teachers' overtime work to 20 hours per month.
Participants in a "cross-mentoring" training session held by sports club operator Renaissance share their concerns with female executives from other companies who serve as role models.
JAPAN / FOCUS
Jul 16, 2024
Japan intensifies efforts to address gender pay gaps
According to the labor ministry, the average monthly wage for full-time female workers last year was ¥262,600, about 75% of the ¥350,900 earned by men.
Keisuke Mukunashi, CEO of Yamaguchi Financial Group, says the regional bank is ready to pay compensation comparable to that of Japan’s biggest banks.
BUSINESS / Companies
Jul 14, 2024
Regional Japan lender dangles megabank pay for market hires
Competition among financial institutions to hire bond traders and other specialists is intensifying as the Bank of Japan nudges interest rates higher.
Some regional smaller firms have decided to prioritize raising pay to retain or hire workers, even if they have not been earning sufficient profits, the Bank of Japan has said.
BUSINESS / Economy
Jul 8, 2024
Bank of Japan sees wage hikes spreading across economy
The optimistic assessment may heighten the case for the central bank to raise interest rates as soon as its next meeting on July 30 and 31.
Japanese workers' base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
BUSINESS / Economy
Jul 8, 2024
Japan base pay jumps most since 1993 in positive signal for BOJ
Base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
Japanese household spending unexpectedly fell in May as higher prices continued to squeeze consumers' purchasing power.
BUSINESS / Economy
Jul 5, 2024
Japan’s household spending falls, clouding growth outlook
The yen's slide is expected to further raise prices for imported raw materials, energy, and food.
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.
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.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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