Japanese business leaders positive about continuing wage hikes

One of the key challenges in upcoming negotiations is to extend the trend of significant wage increases beyond large companies.

The Japan Times
Small firms are spending far more of their profits on wages than their bigger counterparts and could struggle to keep hiking pay, casting doubt on whether the Bank of Japan will keep raising interest rates. https://www.japantimes.co.jp/business/2024/12/13/economy/boj-small-firms-wages/?utm_medium=Social&utm_source=mastodon #business #economy #boj #wages #financeministry #surveys #jcci #japaneseeconomy
BOJ's rate hike plans clouded by small firms' wage woes

Next year's wage prospects are crucial for sustaining a consumption-led recovery — a prerequisite for further rate hikes by the Bank of Japan.

The Japan Times
Japan's three major business lobbies on Friday submitted their economic policy requests to Prime Minister Shigeru Ishiba, calling for facilitating wage increases and ensuring stable energy supplies. https://www.japantimes.co.jp/business/2024/10/04/business-lobbies-policy-requests/ #business #shigeruishiba #wages #jobs #japaneseeconomy #keidanren #jcci
Japan's three major business lobbies submit policy requests to Ishiba

Ishiba told the three business leaders that ending the Japanese economy's deflationary state is a top priority.

The Japan Times