Japan's Unions Win Record Wage Rises

TOKYO, Mar 14 (News On Japan) - On March 13, the day of concentrated responses in the spring labor negotiations, major corporations announcing significant wage increases exceed last year's figures.

In industries such as steel and automobile manufacturing, Spring labor negotiations have resulted in record high wage rises. Nippon Steel responded with a record high base salary increase of 35,000 yen, surpassing the requested amount. Electric companies have followed suit with responses of 13,000 yen each. Toyota has also responded with full amounts.

Prime Minister Kishida has emphasized the importance of this year's spring labor negotiations, stating that they are crucial for the future of the Japanese economy.

With the Bank of Japan's monetary policy meeting approaching next week, Governor Ueda has mentioned that the progress of the spring labor negotiations will be a key factor in deciding whether to lift the negative interest rate policy.

The extent to which the trend of substantial wage increases in major corporations will spread to small and medium-sized enterprises, and whether this will outpace inflation to result in a positive real wage growth, remains a key point to watch.

Source: ANN

Dust Storms Forecast To Hit Tokyo

Rain will affect many parts of Japan mainly through the morning on Tuesday, before clearer skies return in the afternoon. However, yellow sand blowing in from the Asian continent is expected to spread across a wide area after the rain, raising concerns over reduced visibility and worsening health conditions. Daytime temperatures will climb, with many areas in Kanto expected to reach 25C or higher.

Japan Gov't Warns of Possible Megaquake

Japan's weather agency and the Cabinet Office issued a 'Hokkaido-Sanriku Offshore Subsequent Earthquake Advisory' after an earthquake measuring upper 5 on Japan's seismic intensity scale struck off Sanriku.

New Shinkansen Reservation Service Lets Users Book in One Minute

JR East has launched a preview version of its new online Shinkansen booking platform, JRE GO, promising reservations in as little as one minute and easier handling of sudden schedule changes.

Bear Found in Bushes in Central Sendai Finally Culled

A bear that had remained in a residential area in central Sendai since early Sunday morning was euthanized last night in an emergency cull. No injuries were reported.

Father Admits Killing and Body Abandonment in Kyoto

Police investigating the death of an 11-year-old boy whose body was found in a forest in Kyoto Prefecture believe his father moved the remains between several locations over a number of days in an apparent attempt to conceal the crime.

MEDIA CHANNELS

MORE Business NEWS

China's Rare Earth Exports to Japan Fall

China's exports of rare-earth magnets to Japan in March fell 17.3% from the previous month to 184 tons, China's General Administration of Customs said on April 20.

Japan Home Prices May Rise 30%

A shortage of naphtha, a key petrochemical feedstock used in a wide range of products, is pushing up the cost of housing materials in Japan and raising concerns that home prices could climb by as much as 30%.

What You Can Do to Avoid Legal Problems in Business

Running a business with integrity and good values is the highest road most owners strive to be on. However, sometimes being good isn’t enough to spare you from legal trouble.

TOTO to Resumes for Unit Baths

TOTO said on April 16 that it will gradually resume new orders for its unit bath products from April 20 after securing a clearer outlook for raw material procurement.

Theme Parks Bet on 25th Anniversary Year

Tokyo’s and Osaka’s flagship theme parks are both marking their 25th anniversaries this year, raising expectations that milestone celebrations could provide a boost to visitor numbers and earnings.

42 Japan-Linked Ships Remain Stranded in Persian Gulf

As tensions in the Middle East continue, 42 vessels linked to Japan remain stranded in the Persian Gulf, raising concerns over supply chains for naphtha, a key raw material used in plastics and coatings, with manufacturers warning that prolonged disruptions could drive up prices for everyday goods and housing materials.

Japan Painting Association Warns of Shortages

The Japan Painting Contractors Association has requested the government to secure stable supplies of materials, warning that concerns over shortages of paint and thinner derived from naphtha have become increasingly severe.

Japan Long-Term Interest Rates Hit 29-Year High

Crude oil futures surged sharply as concerns over supply disruptions intensified amid renewed uncertainty surrounding the situation in Iran, pushing prices above $105 per barrel on April 12th and driving Japan long-term interest rates—represented by the benchmark 10-year government bond yield—to their highest levels in nearly three decades.

< 2 3 4 5 >