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Japan Unions Win Best Raises in Years
Keywords:
Efforts to increase wages by the Abe administration in Japan. Combined 10 of 12 major auto worker unions in Japan said companies had met their full demands in 2013. Toyota offered workers a bonus equal to 6 months of base pay- a 15% increase over 2012 bonus. This reverses a negative trend of declining wages in Japan- average annual compensation declined for part and full time employees, including bonuses, for 8 of 10 years 2002-2011, reaching 4.09 million yen or $42,800 per worker in 2011, according to the National Tax Agency.
2014 wage negotiations in Japan between unions and corporations
02/13/2013
Toyota says it will keep in mind the connections to the Japanese economy of wage increases as it makes its decision on wages in 2014-2015. Unions negotiate for modest pay increases of 1-1.5%. It is not clear if this will also lead to higher wages for the 37.5% of workers in Japan in the temporary or parttime category.
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Japan Unions Win Best Raises in Years
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Efforts to increase wages in Japan by the Abe administration
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Japanese Prices Rise, Signaling Rebound
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Many in Japan Are Outsourcing Themselves
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Japan Inc. Gets Ready to Raise Wages
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Wall Street Journal 03/13/2014
Japan and deflation after the global economic crisis of 2009.
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Tokyo's Move to Raise Tax Hits Snag
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Falling Prices in Japan Feed Deflation Fears
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Japan Braces for Protracted Stretch of Deflation
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Errors made- US and Japanese economy comparisons for a lost decade.
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Japan's economy suffered badly after a flood of credit and bad loans, resulting in deflation and a lost decade. The comparison with what the US faces now.
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Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
Japanese Prices Rise, Signaling Rebound
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In Japan’s Stagnant Decade, Cautionary Tales for America
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In Japan’s Stagnant Decade, Cautionary Tales for America
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New York Times 10/30/2014
Abe: U.S., Japan Close to TPP Trade Deal
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Only a fifth of small companies raise wages in Japan in early 2014- the situation in Hitachi, Japan
02/13/2013
Hitachi Corporation follows the example of Toyota to raise wages in Japan, answering prime minister Abe's call to raise wages to fight deflation. Suppiers of Hitachi Corp. in Hitachi, Japan, say they face cost pressures and higher prices of imported components with a weaker yen. The suppliers are reluctant to raise wages.
Grouped Articles
Wall Street Journal 03/13/2014
For First Time in Years, a Raise for Many Japanese Workers
New York Times 03/12/2014
Japanese Leader Urges Firms to Boost Wages
Wall Street Journal 02/13/2013
EDITORIAL / Business, labor groups should cooperate for economic recovery
Wall Street Journal 02/13/2013
Japan Unions Win Best Raises in Years
Wall Street Journal 03/13/2013
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
Deflation fighting efforts by the Abe administration in Japan 2013-2014
12/27/2011
Grouped Articles
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
New York Times 05/23/2013
Tokyo's Move to Raise Tax Hits Snag
Wall Street Journal 12/27/2011
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Japan Says 'Sayonara' to Deflation Worries
Wall Street Journal 12/26/2013
Japan Official Cites Fundamentals in Yen's Drop
Wall Street Journal 04/12/2013
Living with deflation and deflationary trends in Japan
01/27/2011
Grouped Articles
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Japan Says 'Sayonara' to Deflation Worries
Wall Street Journal 12/26/2013
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
Japan’s Abe Vows to Push for Wage Increases
Wall Street Journal 12/16/2014
Japan Learns to Live with Deflation
BusinessWeek 01/27/2011
Pressure Rises on BOJ to Reach Inflation Target
Wall Street Journal 05/07/2012
The Abe administration's efforts to promote wage increases to fight deflation and increase consumer spending
03/13/2013
Linked Articles
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Japan Unions Win Best Raises in Years
Wall Street Journal 03/13/2013
Japan increases wages to put behind it decade of deflation- the Bank of Japan target is for 2% inflation in 2014-2015
03/13/2013
Linked Articles
Wall Street Journal 03/13/2014
Japan Unions Win Best Raises in Years
Wall Street Journal 03/13/2013
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