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☆ Japan's big firms offer largest pay rises in decades
▼ + stars: | 2023-03-15 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +4 min

The Rengo umbrella labour group has called for a 5% pay increase. The JERC survey showed that excluding seniority-based pay, base compensation that boosts fixed labour costs accounts for just 1.08%. "We need to focus on base pay. Workers from Japan's largest group of trade unions last week struck early agreements for hefty wage hikes. Unions have historically tended to settle for relatively meagre pay hikes around 2% in recent years, as unions are inclined to cooperate with management in keeping job security rather than aggressively demanding pay rises.

☆ Japan's big firms set to offer biggest pay rises in decades
▼ + stars: | 2023-03-14 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

Given that consumer inflation, at 4.1%, outpace wage hikes, pay rises of 3% or more need to continue in the coming years to sustain price stability at 2%, said Hisashi Yamada, senior economist at Japan Research Institute. "Average wage hikes that are consistent with the central bank's 2% price target are 3% which can be met this year albeit temporarily," Yamada said. Kishida's government will likely hold a joint three-party meeting with labour and management for the first time in eight years on Wednesday to ensure structural wage hikes. Workers from Japan's largest group of trade unions last week struck early agreements for hefty wage hikes. 1 automaker, and Honda, have also secured their biggest pay rises in decades.

It will also test Prime Minister Fumio Kishida's flagship "new capitalism" policy that aims to more widely distribute wealth among households by prodding firms to hike pay. World's largest car maker Toyota (7203.T) accepted a union demand for the biggest base salary growth in 20 years, while gaming giant Nintendo (7974.T) plans to lift base pay by 10%. The gain will comprise a 1.08% rise in base pay and a 1.78% increase in additional salary based on seniority, it said. Uncertainty over the sustainability of wage hikes could prod the BOJ to go slow in dialing back stimulus, some analysts say. The BOJ will probably wait until next year in doing anything radical, such as ending its bond yield control policy."

☆ Tokyo booms for shareholder-relations advisers as activists raise pressure
▼ + stars: | 2023-01-31 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +5 min

[1/2] Men walk past an electric board displaying Nikkei and other countries' indexes outside a brokerage in Tokyo, Japan January 16, 2023. At that company, activist shareholders have forced board changes, rejected the management's turnaround plan and prompted the company to consider going private to remove them. Shareholder relations advisers do that, too, and they say they are generally more focused on longer-term strategies. EY announced a foray into shareholder relations in Japan in December, with a full-service line-up from identification of shareholders to proxy solicitation. Mitsubishi UFJ Trust and Banking Corp said it would continue to expand its shareholder-relations support unit, Japan Shareholder Services Ltd (JSS), which now has about 80 staff members.

☆ В Японии могут перейти на 4-дневную рабочую неделю
▼ + stars: | 2021-06-23 | by ( Mld Media Srl | ) noi.md time to read: +3 min

Правительство Японии планирует принять меры для того, чтобы местные компании начали переводить своих сотрудников на четырехдневку. Правительство включило продвижение необязательной четырехдневной рабочей недели в свои ежегодные руководящие принципы экономической политики, утвержденные в пятницу кабинетом премьер-министра Ёсихидэ Суги. Согласно опросу, проведенному Министерством труда Японии, 8,3 % из 4 тысяч компаний давали своим сотрудникам больше выходных, чем при пятидневной рабочей неделе. По состоянию на апрель около 100 из примерно 7 тысяч работников компании подали заявки на четырехдневку. Такуя Хосино, экономист из Dai-ichi Life Research Institute, говорит, что введение четырехдневной рабочей недели без каких-либо оговорок необязательно побудит сотрудников использовать свое свободное время для того, чтобы заниматься переобучением или строить карьеру.

Persons: Есихидэ Суги, Суга, Хисаси Ямада, Ямада, Такуя Хосино Organizations: Yahoo Japan Corp, Japan Research Institute, Research Institute, Либеральнодемократическая партия, Организация экономического сотрудничества и развития, Министерство труда Locations: Япония, Австралия, Канада, Италия, США

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