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Search resuls for: "Tetsushi Kajimoto Kentaro Sugiyama"


2 mentions found


☆ Japan's back-to-back wage bonanza would open door for BOJ exit
  + stars: | 2023-11-19 | by ( Tetsushi Kajimoto Kentaro Sugiyama | Tetsushi Kajimoto | Kentaro Sugiyama | ) www.reuters.com   time to read: +5 min
"Given the fast-changing landscape, I believe those who move fast (with wage hikes) should become competitive." A demand made this year by Rengo, Japan's largest trade union confederation, for pay hikes of "around 5%" resulted in average wage hikes of 3.58% among major companies. Six out of 10 economists in a Reuters poll expect major firms' pay hikes in 2024 to exceed this year's. The key, however, would be whether wage hikes broaden to smaller firms and those in the regional areas. A report by the BOJ's regional branch managers in October warned wage hikes remained uneven among sectors with many firms undecided on next year's pay increments.
Persons: Kim Kyung, Takeshi Niinami, Fumio, Kazuo Ueda, Hisashi Yamada, Rengo, Atsushi Takeda, Kishida, Keita Kondo, Tetsushi Kajimoto, Kentaro Sugiyama, Sam Holmes, Leika Organizations: REUTERS, Rights, Suntory Holdings Ltd, Reuters, Meiji, Life Insurance, Suntory Holdings, Bank, Japan, Hosei University, OECD, UA Zensen, Itochu Economic Research Institute, Thomson Locations: Tokyo, Japan, Ukraine, Saitama
☆ Analysis: Inflation, labour crunch prodding Japan's smaller firms to raise pay
  + stars: | 2023-04-30 | by ( Tetsushi Kajimoto Kentaro Sugiyama | Tetsushi Kajimoto | Kentaro Sugiyama | ) www.reuters.com   time to read: +5 min
Importantly, smaller firms are also starting to raise pay even as many of them face a margin crunch. Big firms offered pay hikes of 3.8% this year in annual wage talks with unions that ended in March, the largest increase in three decades. Attention has now shifted to whether small firms, which employ seven out of 10 workers in Japan, would follow suit. The BOJ's tankan business sentiment survey showed last month that small firms' current profits fell 2.7% in the last fiscal year to March, while big firms' earnings rose 11.5%. Less than half of small firms said they were able to pass on rising costs to customers as of last September, government data showed.
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