(Update) Many Major Firms in Japan Fully Accept Pay Hike Demands
Tokyo, March 15 (Jiji Press)--With this year's "shunto" spring wage negotiations in Japan reaching a climax, many major companies on Wednesday offered to fully meet pay hike demands from their labor unions, reflecting competition for skilled workers.
This came despite many unions making ambitious pay-scale hike demands at levels not seen in recent years in response to historic price increases.
Close attention is now being paid to whether the momentum for pay hikes will spread to small businesses, which account for 70 pct of all employment in Japan.
In the electronics industry, all 12 major unions, including those at Hitachi Ltd. <6501>, Fujitsu Ltd. <6702>, Mitsubishi Electric Corp. <6503> and Panasonic Holdings Corp. <6752>, had their demands for a pay-scale hike of 7,000 yen per month fully accepted.
The pay scale increases they won are the highest since 1998.
(2023/03/15-18:31)
To read a full story, please click here to find out how to subscribe.
NATION
- 03/20 21:48 Kishida Invites S. Korea's Yoon, Other Leaders to G-7 Summit
- 03/20 21:06 (Update) Kishida, Modi Vow Cooperation on Aid for Developing Countries
- 03/20 20:43 Japanese Model Jessica Michibata Arrested for MDMA Possession
- 03/20 20:34 (Update) Prosecutors Accept Retrial Decision over 1966 Murder Case
- 03/20 20:30 Kishida Pledges 75-B.-Dollar Indo-Pacific Infrastructure Aid
- 03/20 19:47 (Update) Japan Logs 2,617 New COVID-19 Cases
- 03/20 19:05 S. Korea Reopening to School Trips from Japan
- 03/20 18:10 Kishida, Modi Vow Cooperation on Development Finance, Food Security
- 03/20 17:12 Tokyo Prosecutors to Accept Retrial Decision over 1966 Murder Case
- 03/20 17:12 Tokyo Reports 270 New Coronavirus Cases
- 03/20 16:56 Minister Takaichi Retracts Remark Urging No More Questions
- 03/20 13:51 Japan to Spend Extra 2 T. Yen to Tackle High Prices
- 03/20 13:45 Japan Marks 28th Anniversary of Deadly Sarin Attack
- 03/20 12:52 Japan Govt Welcomes UBS' Acquisition of Credit Suisse
- 03/20 11:16 Japan Weekly COVID-19 Cases Fall to 50,000
- 03/20 10:24 N. Korea Holds Tactical Nuclear Attack Drill over Weekend
- 03/20 09:31 IPEF Members to Hold Ministerial Talks in May
- 03/20 00:41 (Update) Kishida Mulling Inviting Modi to Hiroshima G-7 Summit
- 03/19 23:05 G-7 Foreign Chiefs Condemn North Korea's ICBM Launch
- 03/19 22:03 (Update) Japan Confirms 5,911 New COVID-19 Cases
- 03/19 20:30 Fujii Becomes Youngest Shogi Player with 6 Major Titles
- 03/19 18:38 (Update 2) North Korea Fires Ballistic Missile Again
- 03/19 17:13 Tokyo Posts 549 New COVID-19 Cases
- 03/19 17:06 Kishida Mulling Inviting Modi to Hiroshima G-7 Summit
- 03/19 15:29 (Update) North Korea Fires Short-Range Ballistic Missile
- 03/19 13:19 UNSC to Meet Mon. on N. Korea's Latest ICBM Launch
- 03/19 12:29 North Korea Fires Apparent Ballistic Missile
- 03/19 01:37 (Update) Kishida, Scholz Agree on Strengthening of Supply Chains
- 03/18 21:57 Kishida Says to Monitor Developments over Putin Arrest Warrant
- 03/18 20:36 Kishida, Scholz Agree on Economic Security Cooperation
- 03/18 19:56 Japanese, German Finance Chiefs Agree to Keep Eye on Market
- 03/18 18:34 (Update) Japan Logs 7,123 New COVID-19 Cases
- 03/18 18:21 Chinese Ships Stay in Japanese Waters off Senkakus for 16 Hours
- 03/18 17:51 Tokyo Reports 627 New COVID-19 Cases
- 03/18 17:33 UNSC Discusses N. Korean Human Rights Issues
- 03/18 16:09 Tokyo-Area Train Fares Raised by 10 Yen
- 03/18 14:08 Ammunition Brought into New GSDF Camp on Ishigaki Island
- 03/17 22:06 Kishida Vows to Raise Child Care Leave Benefits
- 03/17 21:52 Japan Govt, BOJ Vow Cooperation amid Global Market Turmoil
- 03/17 21:02 Wheelchair Tennis Star Kunieda Honored in Japan
- 03/17 20:38 3 Ex-GSDF Men Finally Charged with Sexual Assault
- 03/17 20:28 Kishida, Modi to Meet in India on Monday
- 03/17 19:56 Record 70 Pct in Japan See Prices in Bad Direction
- 03/17 19:06 (Update) Japan Confirms 6,917 New COVID-19 Cases
- 03/17 18:58 Japanese, S. Korean Biz Leaders Vow to Promote Cooperation
- 03/17 18:10 Japan, Germany to Hold Economic Security Talks Sat.
- 03/17 16:25 BOJ Owns Record 52.02 Pct of Outstanding JGBs
- 03/17 16:24 Japan Team Discovers New Stink Bug in Ogasawara Islands
- 03/17 16:10 Chinese Govt Ships Re-Enter Japanese Waters off Senkakus
- 03/17 15:43 Students Can Enjoy School without Masks in Japan from April
- 03/17 15:23 Suga, Yoon Affirm Cooperation for Better Japan-S. Korea Ties
- 03/17 12:02 (Update) North Korea Claims Launching Drill of Hwasong-17 ICBM
- 03/17 11:58 U.S. Hails "New Chapter" in Japan-S. Korea Ties
- 03/17 08:53 North Korea Claims to Have Test-Fired Hwasong-17 ICBM Thurs.
- 03/17 01:00 (Update) Japan Advances to WBC Semifinals
- 03/16 23:13 Prosecutors to Challenge Decision to Reopen 1966 Murder Case
- 03/16 21:55 (Update) Kishida, Yoon Agree to Normalize Japan-S. Korea Ties
- 03/16 21:25 2 Komae Robbery-Murder Suspects Indicted
- 03/16 21:01 (Update) Japan to Lift Tighter Export Controls for S. Korea
- 03/16 20:42 Japan, S. Korea Biz Groups Agree to Set Up Funds for Future
- 03/16 19:38 GSDF Camp Set Up on Japan's Ishigaki Remote Island
- 03/16 19:06 (Update) Japan Confirms 7,667 New COVID-19 Cases
- 03/16 17:59 (Update 2) Tokyo Police Obtain Arrest Warrant for Ex-Lawmaker GaaSyy
- 03/16 17:45 44 Pct Want Kishida to Visit Ukraine: Jiji Poll
- 03/16 17:30 (Update) Kishida Cabinet's Approval Rate Rises to 29.9 pct: Jiji Poll
- 03/16 17:27 Japan to Lift Tighter Export Controls for S. Korea
- 03/16 16:46 56 Pct Back Legalizing Same-Sex Marriage in Japan: Jiji Poll
- 03/16 16:06 (Update) Tokyo Police Obtain Arrest Warrant for Ex-Lawmaker GaaSyy
- 03/16 15:11 (Update 2) North Korea Fires ICBM-Class Missile into Sea of Japan
- 03/16 14:03 Tokyo Police Request Arrest Warrant for Ex-Lawmaker GaaSyy
- 03/16 12:04 South Korean Pres. Yoon Arrives in Japan
- 03/16 11:57 Ransomware Attacks Hit Record High in Japan in 2022
- 03/16 10:57 (Update) North Korea Fires ICBM-Class Missile into Sea of Japan
- 03/16 09:14 Japan Logs Trade Deficit of 897.7 B. Yen in Feb.
- 03/16 09:00 Japan Jan. Core Machinery Orders Up 9.5 Pct
- 03/15 22:45 Japanese Govt, Biz, Labor Reps Meet for Wage Hikes
- 03/15 21:52 Japan Govt Ordered to Give Refugee Status to Ugandan Lesbian
- 03/15 21:05 Japan Opens Defense Hotline with ASEAN
- 03/15 20:35 (Update) Visitors to Japan Reach 56 Pct of Pre-Pandemic Level in Feb.
- 03/15 20:31 Kishida Eyes 30,000-Yen Benefits to Low-Income Households
- 03/15 20:05 Kishida to Unveil New Indo-Pacific Action Plan in India
- 03/15 19:29 (Update) Japan Confirms 9,406 New COVID-19 Cases
- 03/15 18:42 Drinking despite Low Alcohol Tolerance Ups Stomach Cancer Risk
- 03/15 18:31 (Update) Many Major Firms in Japan Fully Accept Pay Hike Demands
- 03/15 17:14 Visitors to Japan in Feb. Rebound to 56 Pct of Pre-COVID Level
- 03/15 16:47 Another Policy Revision Seen to Add Uncertainty: BOJ Minutes
- 03/15 16:27 Many Major Firms in Japan Fully Accept Pay Hike Demands
- 03/15 13:20 N. Korea's Ballistic Missiles "Precisely Hit" Target: KCNA
- 03/15 12:44 Kishida Mulls S. Korea Visit This Summer in "Shuttle Diplomacy"
- 03/15 12:09 GaaSyy Kicked Out of Diet in 1st Expulsion in 72 Years
- 03/15 09:06 U.S. Welcomes Upcoming Kishida-Yoon Summit
- 03/14 23:17 Kishida, Yoon to Hold Joint Press Conference Thursday
- 03/14 23:13 Most of Children of Jehovah's Witnesses Followers Whipped: Survey
- 03/14 20:03 Over 80 Pct in Japan Believe Women Burdened by Child Care
- 03/14 19:37 (Update 2) Japan Govt to Raise Imported Wheat Price by 5.8 Pct
- 03/14 19:23 (Update) Japan Confirms 10,328 New COVID-19 Cases
- 03/14 17:32 Cherry Blossoms Start Blooming in Tokyo
- 03/14 16:56 Kenichi Chin, Famous Chinese Cuisine Chef, Dies at 67
- 03/14 16:20 Japan OKs Bill to Clarify Illegality of Nonconsensual Sex
- 03/14 16:20 Gold Futures Hit Record High on Osaka Exchange
- 03/14 16:06 Kishida Supports AUKUS Nuclear Submarine Deal
- 03/14 15:51 GaaSyy Set for 1st Expulsion from Diet in 72 Years
- 03/14 15:17 Japan to Boost Aid to Global South: Govt White Paper
- 03/14 12:35 Japan to Restrict Activities of Aum-Linked Group
- 03/14 12:32 (Update) N. Korea Fires 2 Ballistic Missiles toward Sea of Japan
- 03/14 09:06 North Korea Fires 2 Ballistic Missiles toward Sea of Japan
- 03/10 08:34 Japan Household Spending Falls 0.3 Pct in Jan.
- 03/09 22:04 (Update) S. Korean Pres. Yoon to Visit Japan March 16-17
- 03/09 19:06 S. Korean Pres. Yoon to Visit Japan March 16-17
