Japan's top business lobby agrees to raise base pay next year
Page 1 of 1
Japan's top business lobby agrees to raise base pay next year
Published: Sunday December 29, 2013 MYT 4:46:00 PM
Updated: Sunday December 29, 2013 MYT 4:48:44 PM
Japan's top business lobby agrees to raise base pay next year
TOKYO: Japan's most influential business lobby has agreed to raise workers' base pay for the first time in six years as the economy gains momentum and corporate earnings improve, the Asahi newspaper reported on Sunday.
Many economists say an increase in base pay is essential to Prime Minister Shinzo Abe's pledge to end 15 years of mild deflation and to help the Bank of Japan meet its 2 percent inflation target.
The Keidanren business lobby will encourage its member companies to raise base pay next year in annual spring wage negotiations, the Asahi reported, citing a draft of the business lobby's negotiations strategy.
The Keidanren will leave it up to each industry to decide how much it will raise base pay, but its approval of wage hikes could encourage labour unions to request even higher pay and help lift wages throughout the economy.
BOJ officials have expressed some concern that workers' salaries have been slow to rise this year, so indications that pay will increase next year could make it more likely that the BOJ can meet its inflation target in the two-year time frame allowed for. - Reuters
Updated: Sunday December 29, 2013 MYT 4:48:44 PM
Japan's top business lobby agrees to raise base pay next year
TOKYO: Japan's most influential business lobby has agreed to raise workers' base pay for the first time in six years as the economy gains momentum and corporate earnings improve, the Asahi newspaper reported on Sunday.
Many economists say an increase in base pay is essential to Prime Minister Shinzo Abe's pledge to end 15 years of mild deflation and to help the Bank of Japan meet its 2 percent inflation target.
The Keidanren business lobby will encourage its member companies to raise base pay next year in annual spring wage negotiations, the Asahi reported, citing a draft of the business lobby's negotiations strategy.
The Keidanren will leave it up to each industry to decide how much it will raise base pay, but its approval of wage hikes could encourage labour unions to request even higher pay and help lift wages throughout the economy.
BOJ officials have expressed some concern that workers' salaries have been slow to rise this year, so indications that pay will increase next year could make it more likely that the BOJ can meet its inflation target in the two-year time frame allowed for. - Reuters
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Astro’s possible re-listing to involve domestic business, could raise RM4.6bil
» Bank Negara Malaysia Annual Report 2013 Base rate to replace BLR in January next year
» TSR in talks on air base project, proposes relocation, reconstruction of airforce base
» SAS' business in Malaysia may grow 20pc this year
» AG Report Johor Foods urged to explore other business after sale of business
» Bank Negara Malaysia Annual Report 2013 Base rate to replace BLR in January next year
» TSR in talks on air base project, proposes relocation, reconstruction of airforce base
» SAS' business in Malaysia may grow 20pc this year
» AG Report Johor Foods urged to explore other business after sale of business
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|