Many major Japanese companies, including automakers and electronics makers, on Wednesday proposed raising their pay scales for the fourth straight year, but the hikes will be the smallest in the four years.
"The fourth straight year of base wage hikes will support Japan's exit from deflation and economic recovery," Yasunobu Aihara, president of the Japan Council of Metalworkers' Unions (JCM) and president of the Confederation of Japan Automobile Workers' Unions, said at a press conference.
But this year's "shunto" wage negotiations between labor and management suggested that the Japanese government's campaign to press businesses to increase wages, which started in 2014, has been losing steam further, analysts said.
Major companies the same day presented their wage plans in response to requests by their labor unions in the negotiations.
Many large firms proposed keeping pay scale increases smaller than the previous year's levels for the second consecutive year although the government has called on businesses to grant base wage hikes at least on par with last year's figures to help spur economic growth.
STREET FOOD! We're back for more in one of Japan's most traditional cities, Nara.
What was once Japan's capitol is now a place loaded with delicious street food for humans and deer alike. So, what's Nara got to offer? I hope you're hungry! (ONLY in JAPAN )
Japan's Liberal Democratic Party on Friday submitted a record of email exchanges in which Akie Abe, Prime Minister Shinzo Abe's wife, denies her alleged payment of one million yen to an embattled school operator. (Jiji)
Japanese Defense Minister Tomomi Inada ordered the Ground Self-Defense Force on Friday to withdraw its engineering troops taking part in a U.N. peacekeeping mission in South Sudan by the end of May. (Jiji)
New textbooks authorized for use in Japan's senior high schools from April next year contain more descriptions on foreign and defense policies undertaken by Prime Minister Shinzo Abe's government, such as the ability to engage in collective self-defense, according to the results of the education ministry's latest textbook screening disclosed Friday. (Japan Today)