Arab Today, arab today japan to name and shame firms refusing pay hikes
Last Updated : GMT 23:05:35
Arab Today, arab today
Arab Today, arab today

Japan to name and shame firms refusing pay hikes

Arab Today, arab today

Arab Today, arab today Japan to name and shame firms refusing pay hikes

Tokyo - AFP

Japan's trade ministry said Thursday it would take the unprecedented step of disclosing the names of firms that did not raise employees' wages in annual labour talks, after calls by the prime minister to boost pay. The surprising move comes days after economy minister Akira Amari raised the stakes in sensitive pay negotiations with an apparent threat to take action against "uncooperative" firms. The usually low-key talks were being closely watched to see if cash-rich firms would put more money in workers' pockets, amid worries about a looming sales tax hike slamming the brakes on growth. The government "will react in some way" against firms which are "uncooperative with our policy of creating a virtuous economic cycle," Amari told reporters on Tuesday. Tabloid newspaper Nikkan Gendai compared Amari's comments to the aggressive tactics of Japan's notorious yakuza gangsters. On Thursday, the trade minister said his office would publish the outcome of the labour talks known as Shunto, or "spring offensive", detailing which members of corporate Japan heeded the wage-hike call from Prime Minister Shinzo Abe. "The ministry plans to conduct a survey on the leading 1,800 companies about this year's Shunto talks and disclose the results at latest by May," Toshimitsu Motegi, who heads the ministry of economy, trade and industry, told a parliamentary committee. Abe's rare appeal came as he tries to kickstart the world's third-largest economy, which has suffered from years of crippling deflation. His growth blitz, dubbed Abenomics, is aimed at reversing falling prices and recent data suggest Tokyo is making headway in stoking lasting inflation, which would mean higher prices. Consumers are also getting set for a sales tax rise to 8.0 percent next month, up from 5.0 percent. The move is seen as crucial to shrinking Japan's massive national debt, but there are fears it could weigh on consumer spending and slow growth. Wage rises -- a rarity in a country beset by falling prices -- are seen as key to making Abe's plan to grow the economy work. Japan's car sector was a key target, with all eyes on the world's biggest automaker Toyota which -- along with other exporters -- posted big profits on the back of sharply weaker yen since Abe swept to power in late 2012. On Wednesday, Toyota said it would raise employees' pay by an average of 2,700 yen ($26) a month, while they would also get an average bonus worth about 6.8 months of their base wage -- a common pay structure in Japan. Other firms including Nissan, Panasonic, Hitachi and Toshiba also announced pay hikes. The focus would now shift from blue-chip firms to see if small and mid-sized companies, which employ the bulk of Japanese workers, follow the lead on pay.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan to name and shame firms refusing pay hikes Arab Today, arab today japan to name and shame firms refusing pay hikes

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday