Business | May 20

Big Japan firms offer largest wage hikes in 31 years

TOKYO, May 20 (NHK) - Employees at some of Japan's biggest firms can expect a sizable bump in their pay checks this year. They'll see an average increase of nearly 4 percent following annual wage negotiations. That's the largest jump in 31 years.

Officials with the Japan Business Federation, known as Keidanren, crunched preliminary figures from 92 companies with at least 500 employees. They say the firms are raising base wages and seniority-linked pay by 3.9 percent, roughly in line with inflation. That equates to around 13,000 yen a month or 95 dollars. ...continue reading

Source: ANNnewsCH

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