Tag - wages

 
 

WAGES

Workers' monthly pay will rise 5.1% on average this fiscal year, according to a survey of companies conducted since March by union group Rengo.
BUSINESS
Jul 3, 2024
Firms deliver biggest pay hikes in 33 years, union survey shows
Workers' monthly pay will rise 5.1% on average this fiscal year, according to union group Rengo.
The number of lawmakers with income of over ¥100 million totaled seven, all Liberal Democratic Party members, in 2023, up from two in the previous year.
JAPAN / Politics
Jul 1, 2024
Lawmakers' average income rises for the first time in 5 years
The number of lawmakers with an annual income of over ¥100 million increased to seven in 2023, up from two in the previous year.
The number of construction workers in Japan stood at 4.83 million in 2023, down by more than 2 million from the peak of 6.85 million in 1997.
BUSINESS / Companies
Jul 1, 2024
Amid labor shortages, Japanese builders urged to improve conditions
The government is advocating wage increases and the full implementation of a five-day workweek.
Shareholders at Toyota's annual general meeting, held in Toyota, Aichi Prefecture, on June 18
BUSINESS / Companies
Jun 26, 2024
Toyota chair's pay raised to $10 million despite safety probe
The total made Akio Toyoda the highest paid Japanese executive for a third straight year.
Film director Hirokazu Kore-eda (left) and actor Lily Franky arrive for a photocall to promote the Official Selection feature film "Shoplifters" at the San Sebastian Film Festival in Spain in September 2018.
CULTURE / Film
Jun 21, 2024
Japanese film startup aims to change industry working conditions
K2 Pictures is seeking to raise the money from domestic and foreign investors.
Japanese household spending in April showed the first year-on-year increase since February last year, marking rises in such categories as education, rent and clothing.
BUSINESS / Economy
Jun 7, 2024
Japan’s households boost outlays for first time in 14 months
Real outlays rose 0.5% in April from a year ago, marking the first increase since February last year.
Ryu Kawane works at the Costco store in Meiwa, Gunma Prefecture. Costco's high pay has triggered wage hikes at other businesses in town.
BUSINESS / Companies
Jun 6, 2024
Costco's Japan wages provide pathway to firing up nation's low pay and economy
A sustainable rise in wages is a key goal for Prime Minister Fumio Kishida and the Bank of Japan says it's a crucial factor for normalizing monetary policy.
A government estimate has shown that lifetime disposable income for households with wives who continue working post-childbirth is ¥167 million higher than that for those who quit their jobs and remain unemployed.
BUSINESS
Jun 5, 2024
¥170 million income gap estimated with women's continued employment
The government will promote reform in the workplace environment to achieve structural wage increases, said the prime minister.
Japan's base pay in April rose 2.3% from a year earlier to drive up nominal wages by 2.1%, but real wages marked a 25th consecutive month of decline as pay growth lagged inflation.
BUSINESS / Economy
Jun 5, 2024
Japan’s biggest base pay jump since 1994 still leaves doubts
Pay continues to lag inflation, with analysts appearing to latch on to weaker-than-expected growth in cash wages in data that avoids sampling issues.
The draft of this year's long-term economic policy road map says consumption is stalling even though Japan's economy is continuing to recover moderately.
BUSINESS
Jun 4, 2024
Draft economic policy road map warns of weak yen's impact on households
The reference to the weak yen's impact will likely keep the Bank of Japan under pressure to raise interest rates or slow its huge bond buying.
The National Diet Building in Nagatacho, Tokyo. The guidelines, to be released as early as this month, are expected to include measures to ensure that higher costs are reflected in product and service prices.
JAPAN
Jun 1, 2024
Japan to highlight resolve to defeat deflation
According to a draft, the government will aim to build a sustainable economy and society while resolving social problems the country faces.
Ashwani Gupta, then-chief operating officer of Nissan, in April 2023
BUSINESS / Companies
May 31, 2024
Nissan paid ex-COO $3.7 million to quit after sexual harassment claims
Ashwani Gupta's compensation figure for leaving the company is now public in a notice of the annual shareholders’ meeting, which showed he will also receive allowances.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024
Kishida government's much-touted tax cut to start in June
The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
A government panel in charge of promoting women's active engagement in professional life has said gender wage gaps may be behind the outflows of young women from rural areas in Japan.
JAPAN / Society
May 28, 2024
Gender wage gaps seen behind outflows of women from rural areas
Experts have said that local governments need to make wage gap rectification part of regional revitalization efforts in order to stem outflows of women.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS / Companies
May 24, 2024
Nomura pay for top executives rises 150% as profit rebounds
Total compensation paid to the firm’s eight executive officers in the year ended March 31 rose to ¥4.46 billion.
Japan's real wages in fiscal 2023 were down for the second straight year, as steady wage growth failed to keep pace with inflation.
BUSINESS / Economy
May 23, 2024
Japan's fiscal 2023 real wages show sharpest drop in nine years
Real wages were down for the second straight year, as steady wage growth failed to keep pace with inflation.
Nippon Steel's Kashima plant in Kamisu, Ibaraki Prefecture. The average wage hike in the steel industry stood at 12.04% this year, far exceeding last year's 2.77%.
BUSINESS / Companies
May 21, 2024
Major Japanese companies agree to raise pay by 5.58%
The result far exceeded last year's rise of 3.91%, or ¥13,110, and topped 4% for the first time since 1992.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
BUSINESS / Companies
May 15, 2024
Fortress’s Japan hotel unit doubles pay to fight labor shortage
MyStays Hotel Management is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program.
A government white paper on small and medium enterprises said more than 60% of such firms plan to raise wages this year.
BUSINESS
May 12, 2024
Japan small firms raising wages amid labor shortages, government paper says
The white paper also pointed out that the labor productivity of Japan is lower than that of other members in the OECD.
Real wages fell 2.5% from a year earlier in March, marking the 24th straight month of declines, exacerbated by a 9.4% drop in bonuses.
BUSINESS / Economy
May 9, 2024
Real wages fell for 24th month in March, dented by 9.4% decline in bonuses
Data for full-time workers that avoid sampling problems and exclude bonuses and overtime pay grew by 2.3%, above 2% for the seventh month.

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