Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: Weekend Economists Stamp Out Ignorance December 27-29, 2013 [View all]xchrom
(108,903 posts)61. Japan's top business lobby agrees to raise base pay next year - media
http://uk.reuters.com/article/2013/12/29/uk-japan-economy-wages-idUKBRE9BS00Y20131229
(Reuters) - 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.
(Reuters) - 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.
Edit history
Please sign in to view edit histories.
85 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Homeless Couple Gets A Home On Christmas Eve, Thanks To Innovative ‘Occupy’ Group
Demeter
Dec 2013
#5
THE PRIVATE SECTOR HAS A BAD MONTH: The Invisible Hand Is All Thumbs By Charles P. Pierce
Demeter
Dec 2013
#14
A Letter to Socialists, By Gustave de Molinari (Economics, Politics, and a Letter!)
Demeter
Dec 2013
#39
Is NSA Screwing the Pooch? - TTG from Sic Semper Tyrannis (A Committee of Correspondence)
Demeter
Dec 2013
#41