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Abenomics Pays It Forward for Japanese Workers
Keywords:
2015 wage negotiations in Japan between business and labor and the support from prime minister Abe and BOJ chief Kuroda for higher wages
01/22/2015
The Japanese trade union confederation seeks wage increases of 4% for 2015. The Business Federation tell companies to offer wage increases over 2.3% for 2015. Unusual for a market economy both prime minster Abe and BOJ chief Kuroda tell companies to raise wages. Kuroda says price movement can happen by raising wages.
Grouped Articles
Japan Government Presses Companies to Raise Wages
Wall Street Journal 01/22/2015
Abenomics Pays It Forward for Japanese Workers
Wall Street Journal 03/19/2015
Japan’s Businesses Respond to Abe’s Push for Higher Wages
New York Times 03/18/2015
Abe: U.S., Japan Close to TPP Trade Deal
Wall Street Journal 04/21/2015
Japan Embodies a Global Mystery: Where Are the Raises?
WSJ 06/06/2017
Efforts to increase wages in Japan by the Abe administration
07/21/2010
Grouped Articles
Pro-Inflation Policies Show Signs of Helping the Japanese Economy
New York Times 05/09/2013
Now Comes the Hard Part for Abenomics
Wall Street Journal 07/22/2013
Japanese Prices Rise, Signaling Rebound
Wall Street Journal 07/26/2013
Many in Japan Are Outsourcing Themselves
New York Times 07/21/2010
Japan Inc. Gets Ready to Raise Wages
Wall Street Journal 02/20/2014
Wall Street Journal 03/13/2014
Tightening labor markets and wages in Japan in 2015
12/16/2014
Lower oil prices are expected to reduce the oil import bill by 10.6 trillion yen for 2015, and add to Japanese consumers purchasing power. Analysts say tightening labor markets are expected in 2015 as the Japanese economy recovers. Japanese companies have about $2.65 trillion in cash reserves but were cautious in raising wages in 2013-2014. Toyota says it is natural for the company to contribute to higher wages as its profits improve and will take a sincere interest in 2015 wage negotiations. Real wages were up for only 4 months of prime minister Abe's first term in 2013-2014, as wages cannot keep up with price increases.
Grouped Articles
Japan’s Abe Vows to Push for Wage Increases
Wall Street Journal 12/16/2014
Japan Government Presses Companies to Raise Wages
Wall Street Journal 01/22/2015
Japan’s Economy Expands, but Less Than Expected
New York Times 02/15/2015
Abe and Toyoda: Marriage of Mutual Need
Wall Street Journal 02/20/2015
Abenomics Pays It Forward for Japanese Workers
Wall Street Journal 03/19/2015
Japan’s Businesses Respond to Abe’s Push for Higher Wages
New York Times 03/18/2015
Akio Toyoda of Toyota Motor and Japan's prime minister Abe- "we are of one mind in fighting deflation"
02/20/2015
Toyota Motor is not asking for price concessions from suppliers in fall 2014 and is likely to do the same in spring 2015, so that suppliers can raise wages for the estimated 1.35 million employees at Toyota suppliers in Japan. Toyota Motor CEO, Akio Toyoda, also a grandson of a Japanese leader like prime minister Abe, says "we are of one mind in fighting deflation." Toyota has benefitted from the yen at 110 to the dollar which increases revenue and profit from exports. Both Abe and Toyoda carry a large responsibility as Japan fights off the effects of deflation, and the effects of an increase in the consumption tax on consumers.
Grouped Articles
Abe and Toyoda: Marriage of Mutual Need
Wall Street Journal 02/20/2015
Abenomics Pays It Forward for Japanese Workers
Wall Street Journal 03/19/2015
Japan’s Businesses Respond to Abe’s Push for Higher Wages
New York Times 03/18/2015
Abe: U.S., Japan Close to TPP Trade Deal
Wall Street Journal 04/21/2015
Japan Embodies a Global Mystery: Where Are the Raises?
WSJ 06/06/2017
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
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