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July 16, 2024
 

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WAGES

The Bank of Japan headquarters in Tokyo. Half of the 52 economists surveyed by Bloomberg said the central bank will scrap its negative rate in April, up from 29% in the October survey.
BUSINESS
Dec 8, 2023
Most BOJ watchers predict end of negative rate regime by April
"The most beautiful scenario is the end of the negative rate in April”
Deputy Gov. Ryozo Himino's comments are the clearest sign so far from the BOJ’s leadership that authorities are considering what the impact would be if they ended negative rates.
BUSINESS / Economy
Dec 6, 2023
BOJ’s deputy chief hints that end of negative rate may be closer
Ryozo Himino has set out a hypothesis for what might happen if rates do indeed go positive.
University students attend a job fair. If Japanese companies continue hiring people based on the university they graduated from, acquiring extra qualifications or reskilling won't impact candidates' job prospects.
COMMENTARY / Japan
Nov 29, 2023
Kishida’s stimulus package needs rethinking, not reskilling
The government aims to promote reskilling for nonregular workers to boost their job prospects, but this won't matter if hiring practices don't change.
Monthly regular pay rose 3.2%, or ¥9,437, on average this year, both record highs since comparative figures began in 1999.
BUSINESS / Companies
Nov 28, 2023
Japanese firms giving record pay raises this year, poll shows
Policymakers have said hiking wages is essential to ending deflation and to achieving and sustaining an inflation rate of 2% in a stable manner.
Members of a freelancers group opposing Japan's new invoice system hand documents requesting its abolition to Finance Ministry officials in Tokyo on Nov. 13.
BUSINESS
Nov 22, 2023
Manga artists and taxi drivers hit as tax frustrations mount
About 4.6 million businesses that were previously exempt from paying sales tax have been impacted by a new invoice system.
Commuters at Tokyo Station earlier this month. A Reuters poll showed six out of 10 economists expect major firms' pay hikes in 2024 to exceed this year's.
BUSINESS / Companies / ANALYSIS
Nov 20, 2023
Japan's back-to-back wage bonanza would open door for BOJ exit
The news comes as the government pushes companies to hike pay to help offset rising living costs.
Tomoko Yoshino, president of Rengo, attends a meeting in 2022.
BUSINESS
Nov 17, 2023
Japan's largest labor union to seek worker pay hikes beyond 2024
Rengo said last month it will demand wage hikes totaling 5% or more next year.
Ministers gather for a Cabinet meeting on Friday at Prime Minister's Office.
JAPAN / Politics
Nov 17, 2023
Japan enacts bill to raise annual pay of PM and ministers
The prime minister's annual salary will be raised by ¥460,000 to ¥40.61 million.
Japan Airlines is planning to pay a winter bonus equivalent to three months' salary in this fiscal year, up from the 1.7 months' salary for the fiscal 2022 winter bonus.
BUSINESS / Companies
Nov 15, 2023
JAL to pay highest winter bonus since 2012 relisting
The planned bonus is up sharply from the 1.7 months' salary for the fiscal 2022 winter bonus.
An assembly line at Honda Motor's Performance Manufacturing Center in Marysville, Ohio, in November 2016
BUSINESS / Companies
Nov 11, 2023
Honda will give autoworkers 11% raise after UAW’s big wins
While nonunion automakers race to boost pay and keep the union out of its gates, the UAW is trying to organize foreign-owned factories in the U.S.
A bill that would raise the pay for Prime Minister Fumio Kishida, Cabinet ministers and some civil servants was passed by the Lower House Cabinet Committee on Friday.
JAPAN / Politics
Nov 10, 2023
Bill that would hike Kishida and Cabinet's pay clears Lower House committee
The plan has been met with fierce backlash from opposition parties, with lawmakers lambasting the government for its “poor political judgment.”
Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Oct. 31.
BUSINESS / Economy
Nov 9, 2023
BOJ debated groundwork for future easy-policy exit at meeting
The October discussions highlight how the central bank is looking to exit its decade-long accommodative regime.
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS / Economy
Nov 7, 2023
Japan's wages and spending extend declines in test for BOJ policy
Japan's real wages dropped 2.4% in September from a year earlier.
Keidanren Chairman Masakazu Tokura at a news conference in Tokyo on Oct. 25. In September, the head of the business lobby group expressed the expectation that pay hikes exceeding 4% will be seen next year.
BUSINESS
Nov 6, 2023
Japan's main business lobby to press firms for over 4% wage hikes
The average pay hike at major member firms this year stood at 3.99%, the highest in 31 years.
Bank of Japan Gov. Kazuo Ueda addresses business leaders in Nagoya on Monday.
BUSINESS
Nov 6, 2023
BOJ chief sees inflation progress but warns of uncertainty
Japan's economy is likely to continue recovering, but the outlook was "extremely uncertain," Bank of Japan Gov. Kazuo Ueda said.
Japan's industrial output increased a smaller-than-expected 0.2% in September.
BUSINESS / Economy
Oct 31, 2023
Japan's September industrial production growth misses consensus
Factory output increased 0.2% from a month earlier, missing economist expectations of a 2.5% gain.
Striking United Auto Workers union members embrace at the end of their picket shift outside the Ford Assembly Plant in Wayne, Michigan, on Wednesday.
BUSINESS / Companies
Oct 31, 2023
UAW reaches deal with GM, ending strike against Detroit carmakers
Some analysts have said recent deals will place the Detroit Three at a disadvantage compared with Tesla and foreign brands such as Toyota.
United Auto Workers members strike at a General Motors assembly plant in Arlington, Texas, on Oct. 24.
BUSINESS / Companies
Oct 29, 2023
General Motors hit with more strikes while Stellantis reaches deal with UAW
More than six weeks after the historic strikes began, GM is now the only one of the companies that doesn’t have a deal with the union.
Rengo President Tomoko Yoshino says the labor organization will seek wage hikes of 5% or more next year.
BUSINESS / Economy
Oct 19, 2023
Japan's largest labor group aims for wage hikes of 5% or more
Rengo will finalize its stance in December ahead of next year's wage negotiations.
Some of the most popular influencers can amass small fortunes before they're 18, but there are few legal protections to ensure their earnings remain their own.
BUSINESS / Companies
Oct 12, 2023
Child influencers make big money. Who gets it?
"I’m terrified to share my name because a digital footprint I had no control over exists."
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

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Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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